How can HR analytics help an organization with employee engagement?

HR analytics can enhance employee engagement by analyzing data about employee behavior, sentiment, and performance. Insights gained from such analysis enable organizations to identify patterns, address concerns, and implement strategies that foster a more engaged and productive workforce.

Are there different types of HR analytics?

Yes, HR professionals have access to four different types of HR analytics methods: descriptive, diagnostic, predictive, and prescriptive analytics.

What key features are covered by HR analytics software?

Some of the key features that are covered by top analytics HR software are predictive analysis, data visualization, employee self-service portals, employee surveys, etc.

Why do we need HR analytics?

HR analytics plays a pivotal role in data-driven decision-making when it comes to personnel management. It improves workforce efficiency and also helps with trend forecasting and strategic planning. It optimizes HR processes and ensures that they are in line with organizational objectives.

Which tools are to be used in HR analytics?

There are different types of HR analytical tools that help HR professionals with data aggregation and visualization, employee performance management, conversational analytics management, etc. Some of the best tools include Power BI, Oracle Fusion HCM Analytics, ChartHop, Tableau, and more.

What are the latest HR tools?

You can choose from various latest HR software to help you manage and analyze different organization data types. Some of the most widely used tools that you can consider are Kazoo HR, Bambee, Leapsome, Kazoo HR, monday.com, etc.

Best HR Analytics Tools for Business in 2024

HR departments play a crucial role in managing and optimizing the human capital of an organization. However, making informed decisions about people management is no easy task. That’s where HR analytics tools come in, offering valuable insights into employee data that can drive strategic planning and enhance overall performance.

In this article, we have compiled nine top-rated HR analytics software that empowers HR professionals to unlock the full potential of their workforce. These tools will help manage their most valuable asset – their employees.

What are HR Analytics Tools?

Human Resource analytics tools are designed to help HR professionals with tracking, collecting, and analyzing human resource data to get insights and optimize workforce management. It aggregates data from different systems such as payroll, performance management, financial reporting, talent management, and ATS to process and find meaningful trends.

Workforce analytics software tracks and analyzes data around employee management, talent acquisition, performance management, employee training, and much more.

The data gathered and analyzed through workforce analytics software can help businesses improve retention rates, meet organizational goals, improve hiring and recruitment procedures, and much more.

How We Selected the Best HR Analytics Software?

Selecting the best HR analytics software involves a thorough evaluation to ensure that the chosen software meets an organization’s specific needs. Here is the general approach we followed to create the list of best Human Resource analytics software:

Market Research: Extensive research is always recommended to identify leading HR analytics software providers in the market. We considered factors such as reputation, customer reviews, industry recognition, and market share to create a list of potential vendors.
Feature Analysis: We evaluated each shortlisted software solution based on its features and functionalities. This included assessing capabilities such as data integration, visualization tools, predictive hr analytics, HR reporting tools, and compliance features.
Scalability: The need of modern-day organizations is always evolving. So, we considered how each software scaled with any organization’s growth and evolving needs.
User Experience: We looked for user-friendly interfaces to intuitively navigate through dashboards and reports. A clean design with customizable features was prioritized to ensure easily accessible information for both technical and non-technical users.
Integration Capabilities: We looked for software that integrates with existing HR systems such as applicant tracking systems (ATS), enterprise resource planning (ERP) systems, or learning management systems (LMS).
Data Security: Protecting sensitive employee data is critical. We scrutinized each vendor’s security measures including encryption protocols, data access controls, compliance certifications (e.g., GDPR), regular audits/penetration testing, and disaster recovery procedures.
Customer Support: Timely support is crucial when dealing with complex HR analytics software. We assessed each vendor’s customer support channels (e.g., phone, email, online chat) and the availability of resources like knowledge bases, training materials, and webinars.
Pricing: Lastly, we evaluated the cost structure of each software solution, including any upfront fees, licensing models (per user or per feature), ongoing maintenance expenses, and potential hidden costs.

Best HR Analytics Tools for Data-Insights

Best HR Analytics Software: Features Comparison Table

Features	IntelliHR	Visier	Qlik Sense	R Analytics	Oracle Fusion
Data Visualization	Yes	Yes	Yes	Yes	Yes
Employee analysis	Yes	Yes	Yes	Yes	Yes
Built-in employee survey	Yes	Yes	No	No	Yes
Free Trial	Yes	No	Yes	No	Yes
Pricing	Starts from $6.58	Available on request	Starts from $30/month	Available on request	Available on request

1. IntelliHR: Best for Employee Performance Analysis

IntelliHR is a human capital management software that lets HR professionals create reports for their employees’ performance and also satisfaction metrics. With its people analytics module, users can create surveys for employee performance, generate the net promoter score, and get task completion statistics.

Features

Real-time analytics
Centralized people data and records
Support for predictive analytics
Automated compliance management

IntelliHR Pros and Cons

You get performance summaries of all employees along with goals, feedback, and achievement through a single click.
It generates automated reports to get valuable insights on employees and organization data.
Easily create customized onboarding workflow to deliver policies, get certificates, personal information, and much more

It takes time to transfer data into the system.
Limited reporting functionalities

Pricing

No free plan available | IntelliHR paid plan starts at $4.5 per user, and it is billed monthly.

2. Excel: Best for HR and Data Analytics

Excel by Microsoft helps users to represent and organize different data types via spreadsheets. Users can organize data with pre-configured data visualization templates. The representation of data through compelling charts, graphs, and tables lets users picture their data in a better way. Further, with image recognition capacity, you can capture data directly from mobile and get a fully organized spreadsheet.

Features

Simplifies financial and accounting analysis
Multiple formatting options
Support for data annotation and edit
Real-time file sharing and editing

Excel Pros and Cons

You can create different data charts through various layouts and styles.
It easily performs complex calculations with modern Excel formulas.

Difficulty in troubleshooting
Prone to human errors

Pricing

Free plan available | Paid plan starts from $159 for 1 PC.

3. Tableau: Best for Data Aggregation and Visualization

Tableau is a visual analytical tool that allows businesses to share and manage their data in a hassle-free manner. It comes with fully integrated data management, visual analytics, data storytelling, and collaboration features to simply data aggregation and visualization. Further, Tableau helps HRs with managing content and certifying data sources, migrating content, receiving data-driven alerts, etc.

Features

Curate and share data sources
Manage users and permissions
Real-time commenting
Data editing and modifying

Tableau Pros and Cons

You can easily download the aggregated data.
It lets you interact with data through visualization.
Allows you to quickly develop and publish data sources with Tableau.

No custom visual imports.
Tableau is solely a tool for visualizing data. You can only perform basic preprocessing.

Pricing

Tableau’s paid plan is available on request with a 14-day free trial.

4. Power BI: Top HR Software for Data Visualization

Power BI by Microsoft is a data visualization software helping HR teams with aggregating, organizing, analyzing, and visualizing different data types. This end-to-end BI platform helps with sharing data sets, displaying data through charts and graphs, and customizing data visuals to name a few. Data consolidated through Power BI can help people to gain valuable insights.

Features

Built-in AI capabilities
End-to-end data encryption
Data access control monitoring
Pixel-perfect paginated reports

Power BI Pros and Cons

Analyses both structured and unstructured data with AI.
Converts data from Excel to Power BI for better data management.

You will have to remember calculation formulas which is rigid and complex at times.
It takes time to get familiar with the interface.

Pricing

Free plan available | Paid plan starts from $10 per user per month.

5. R Analytics: Best Modern Data Analytic Tool for Analyzing Massive Datasets

R Analytics is a great platform for visualization and statistical analysis. It is one of the best tools out there to work with vast datasets. This software is used by data scientists and analysts all over the world. It offers a wide range of statistical models that can be used to predict employee turnover, identify high-performing individuals, and analyze employee satisfaction levels. This allows HR professionals to make data-driven decisions and develop effective strategies for talent management.

Features of R Analytics:

Can be easily integrated with R Studio
Offers data cleaning, structuring and manipulation
Offers multiple tools and techniques for mathematics, ML and more
Works with numeric, statistical, logical and character data

R Analytics Pros and Cons

Built-in option for employee survey
You can work on both data visualization and storytelling
Easy implementation and deployment

Its calculator can be a bit complex to understand
Takes a lot of memory when doing an analysis

Pricing:

Available on request

6. SPSS: Top HR Software for predictive data analytics and insights

SPSS is one of the best HR data analysis software to help HR teams with advanced data aggregation and analysis. With features for data conditioning and visualization, identifying data anomalies, bootstrapping, etc., it helps organizations with actionable data insights and quality decision-making. Further, HRs can use this analytics tool for preparing employees’ data and creating predictive data models.

Features

Advanced data preparation
Linear regression
Data access and management
Bayesian statistics

SPSS Pros and Cons

It helps you predict trends through analysis and time-series data.
You get automated data preparation with SPSS.

Students’ subscription is a bit expensive.
Training is required to get familiar with all its features

Pricing

Paid plan starts from $89 per user per month and it also offers a 10% discount on yearly subscriptions.

7. Qlik Sense: Best HR Analytics Tool for Auto Data Creation and Preparation

Qlik Sense is a data analytical tool used by HR teams, managers, etc., for data aggregation and analysis through AI (Augmented Intelligence). It helps them optimize compensation and benefits, perform predictive workforce planning, get accurate forecasting, etc. With employee survey data, you can quickly analyze employee skills and gaps, monitor their progress, find improvement areas, and more.

Features

Data integration from multiple resources
Auto data creation and preparation
Support for search and conversational analytics
Support for co-content development.

Qlik Sense Pros and Cons

It supports location-based calculations to get geographical insights.
The solution represents and optimizes all data for multiple screen sizes with innovative techniques.
Offers valuable insights for any problems or issues with AI-based insight advisor.

Large memory space is used while performing analytics.
Sometimes unauthorized access is granted due to technical glitches

Pricing

No free plan available | Paid plan starts from $30 per user per month

8. Visier People: Top HR Software for People Analytics and Workforce Planning

Visier People integrates your organization’s data to provide insightful answers to crucial people-related queries. It offers a unified view of workforce data, facilitating informed decisions regardless of company size or system complexity. With pre-built solutions and an analytical foundation, Visier eliminates the need for complex setups or data science expertise. Moreover, Visier’s customer success team ensures seamless navigation of complex data and tailors the solution to specific needs.

Features

Unified HR data across the organization
Accurate recruitment data insights & forecasting
Accurate recruitment forecasting

Visier People Pros and Cons

Helps find factors for absenteeism, turnover, and turnover rates through employee data analysis.
You can easily identify patterns, trends, and anomalies in your workforce planning.
With Visier People, you can easily develop employees career roadmaps

Limited storage features
Does not function properly in the mobile application.

Pricing

No free plan available | Price on request

9. ChartHop: Best for Managing People’s Data

ChartHop is an HR analytical tool that helps users to access and analyze all the employees’ data through a single solution. It collects the employee’s data from various resources and generates intuitive reports to get valuable insights about them. Further, this workforce analytics software helps you to create data-driven workforce modeling and forecasting.

Features

It offers a centralized place for all your and your people’s data.
Trends tracking for compensation fluctuation and performance ratings
Data access control
Offers a built-in form builder for survey and feedback
Role-based access controls

ChartHop Pros and Cons

Creates performance reviews and reports through pre-configured templates.
It lets you easily You can transfer all your recruitment data from your Applicant Tracking solution.
You can also Helps create organizational charts with multiple filters.

Data does not sync properly
Limited templates to create organizational charts

Pricing

Free plan available| Paid plan starts from INR 661.32 per employee per month

10. FineReport: Best for Gartner chart BI tools Reporting

FineReport is an HR reporting tool that lets users create and manage complex data reports through the basic drag and drop functionality. This HR analytical software can be used for transferring massive data sets into databases, getting multi-dimensional insights with data filtering, representing organizational data through 3D charts, etc.

Features

Data visualization with HTML charts and dynamic effects.
Real-time data visibility
50+ configured charts for data representation
KPIs visualization for an organization’s performance

FineReport Pros and Cons

You can assign and manage role-based permissions for reports.
It lets you represent different data metrics through a centralized dashboard.
You can easily visualize geographical business data through static and dynamic maps

Windows crashes occasionally
UX designing needs improvement

Pricing

Free plan available| Paid plan pricing on request

11. IBM ILOG CPLEX Optimizer: Top HR analytics tool for mathematical and constant programming

IBM ILOG CPLEX Optimizer is a decision optimization tool used for HR analytics. It swiftly develops and applies optimization models through mathematical and constraint programming. It handles various optimization challenges, including mathematical and constraint-based scenarios, aiding in efficient resource allocation. The software can be deployed on-premises, in the cloud, or in hybrid settings, enhancing operational efficiency and reducing costs by optimizing critical decisions.

Features

Helps set performance benchmarks
Resolves multi-objective problems
Conflict finder and resolver
Modeling assistant

IBM ILOG CPLEX Optimizer Pros and Cons

It lets you resolve hierarchical, blended or the combination of these problems.
You can get performance improvements through mathematical programming, constraint programming solver, etc.
Offers AI assistance to improve the model’s point of view.

Quite complex to use
Data handling from multiple resources is difficult

Pricing

Free plan available | Paid plan starts from $199 per authorized user per month

12. Oracle Fusion HCM Analytics: Top HR reporting tool for Workforce Analytics

Oracle Fusion HCM Analytics is an HR analytical tool, that helps HR professionals with analyzing workforce data and getting valuable insights. The insights derived can be used for making decisions related to workforce diversity, employee retention, compensation, talent acquisition, and much more. Further, it can be used for recognizing skill gaps, monitoring internal mobility, analyzing career path trends, etc.

Features

Organizational health checks
Workforce dynamics analysis
Employee engagement analysis
Anomalies detection in patterns and trends

Oracle Fusion HCM Analytics Pros and Cons

You can analyze the risk and impact of the loss of top performing employees.
It lets you easily view salary distribution and find inequalities and stagnation.
You can easily develop a learning program that complements the organization’s goals.

Frequent errors while visualizing data
Limited templates to measure employee performance

Pricing

Oracle Fusion HCM Analytics pricing is available on request with a 30-day free trial | Oracle Analytics Cloud for Enterprise starts from INR 6,537.904 per user per month

Important Features of HR Analytics Software

Let’s describe features of analytic software that are most critical for human resource management:

Data Security: HR analytic tools come with advanced security protocols such as encryption, TLS, SSL, etc. This helps keep all the data, including employees’ personal data, the organization’s sensitive information, or promotion history, safe and secure.
Data Visualization: The solution should offer multiple visualization options including graphs, charts, tables, etc., to represent complex data in an easy-to-understand format.
Data aggregation: With Human Resource analytics tools, HR professionals can easily aggregate data from various sources like payroll, ATS, etc., for better view and analysis.
Workforce planning: It lets you develop and manage workforce planning for recruitment, employee training, performance management, etc., based on predictive HR analytics.
Predictive Analytics: The support for HR predictive analytics will help HR teams to study past trends from historical data and predict future outcomes.
HR Digitization: It helps in improving the digital experience of employees by providing them with a separate portal. With this, employees can apply for leave, check for leave balance, download pay slips, mark their attendance, etc.

How to Choose the Right HR Analytics Tool for You

When choosing the right HR analytics tool, there are several factors to consider. Here are some steps to help you make the right choice:

Identify your specific needs: Start by clearly identifying the objectives and goals you want to achieve with HR analytics tools. This will help you determine the features and functionalities that are most important to your organization.
Evaluate data sources: Consider the types of data sources available within your organization that are relevant to HR analytics software. This may include employee data, performance metrics, recruitment data, and more. Ensure that the software you choose can integrate with these data sources seamlessly.
Assess scalability and flexibility: Consider whether the software can accommodate your organization’s future growth and changing requirements. Ensure that it can scale to handle large volumes of data and has the flexibility to adapt as your analytics needs evolve over time.
Analytic capabilities: Look for data analytics software that provides comprehensive analytic capabilities, such as predictive modeling, trend analysis, employee segmentation, and benchmarking. These features will enable you to gain valuable insights from your HR data.
User-Friendly interface: A user-friendly interface is essential for the effective utilization of HR analytics tools. Ensure that the software is intuitive and easy to navigate so that users in your organization can easily explore data and create meaningful reports without requiring extensive technical expertise.
Integration with existing systems: Consider whether the HR reporting software can integrate with your existing HR systems or other software solutions used within your organization (e.g., payroll systems, talent management software). Seamless integration will ensure efficient data transfer and avoid duplication of efforts.
Security and compliance: Security is critical when dealing with confidential employee information. Ensure that modern data analytic tools provide robust security features such as encryption, access controls, user authentication, and compliance with relevant privacy regulations (e.g., GDPR).
Vendor support and reputation: Look for the vendor’s track record, customer reviews, and company standings before making a decision. Ensure that the vendor offers reliable customer support and regular software updates.
Cost-effectiveness: Lastly, assess the total cost of the tool, including licensing fees, implementation costs, and ongoing maintenance fees. Consider whether the tool’s benefits outweigh its costs in terms of the value it can provide to your organization.

How HR Analytics Tools Optimize Workplace?

HR analytics tools can help businesses to optimize the workplace in the following ways-

It helps them in improving employee retention rate by analyzing career paths, work culture, salary structure, etc.
Workforce analytics software can create predictive models to find the reasons and costs of workforce absenteeism.
It can help to measure the ROI for the amount spent on training, hiring, and business operations to avoid resources overspending.
HR analytical tool promotes fast hiring by identifying relevant traits and experience specific to the job role.
You can create learning programs for your employees after identifying training requirements and business goals.
It helps businesses to become completely paperless by storing and maintaining all the data in an online database.
HR analytical tool helps in eliminating manual intervention as all the data is stored and key HR tasks are automated.

How Much HR Analytics Tools Cost?

The cost of every HR analytic tool would differ from software to software. For example, SPSS HR analytical software’s pricing plans start from $89 per month. Moreover, Qlik Sense offers its plan from $30 per user/ month. However, for some software you need to contact the sales representative.

Many Human Resource analytical tools offer amazing features even in their free plan too. For example, if you will choose ChartHop free plan, you can create organization charts, integrate with payroll, create employees’ profiles, etc. When you will switch to its Premium plan, you can also manage role-base access controls, generate performance reviews, etc. Most software would offer all basic data analytical functionalities in their free plan. However, you can opt for their paid plan to access more advanced features.

FAQs Related to HR Analytics Tools

What are HR analytics tools?
HR analytics tools help organizations with capturing, sorting, analyzing, and managing all HR-related data to improve employee performance and ROI. It helps them to find inefficiencies, optimize workforce organization, predict productivity, etc.
How can HR analytics help an organization with employee engagement?
HR analytics can enhance employee engagement by analyzing data about employee behavior, sentiment, and performance. Insights gained from such analysis enable organizations to identify patterns, address concerns, and implement strategies that foster a more engaged and productive workforce.
Are there different types of HR analytics?
Yes, HR professionals have access to four different types of HR analytics methods: descriptive, diagnostic, predictive, and prescriptive analytics.
What key features are covered by HR analytics software?
Some of the key features that are covered by top analytics HR software are predictive analysis, data visualization, employee self-service portals, employee surveys, etc.
Why do we need HR analytics?
HR analytics plays a pivotal role in data-driven decision-making when it comes to personnel management. It improves workforce efficiency and also helps with trend forecasting and strategic planning. It optimizes HR processes and ensures that they are in line with organizational objectives.
Which tools are to be used in HR analytics?
There are different types of HR analytical tools that help HR professionals with data aggregation and visualization, employee performance management, conversational analytics management, etc. Some of the best tools include Power BI, Oracle Fusion HCM Analytics, ChartHop, Tableau, and more.
What are the latest HR tools?
You can choose from various latest HR software to help you manage and analyze different organization data types. Some of the most widely used tools that you can consider are Kazoo HR, Bambee, Leapsome, Kazoo HR, monday.com, etc.