Businesses have been using data analytical tools for a very long time for tracking revenue, generating growth opportunities, improving their customer engagement, etc. However, it is equally essential to improve employee engagement, performance, streamline recruitment processes, etc., by analyzing and gaining insights from the people’s data.
You can also use an HR analytical tool to aggregate and analyze workforce data. The valuable insights gained from the data can be used to improve and optimize workforce management. Here is the list of HR Analytics Tools for Business in 2023 that you can consider for analysis.
HR analytics tools are designed to help HR professionals with tracking, collecting, and analyzing HRs data to get insights and optimize workforce management. It aggregates data from different systems such as payroll, performance management, financial reporting, and ATS to process it 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 the workforce analytics software can help businesses to improve retention rates, meet organizational goals, improve hiring and recruitment procedures, and much more.
Here are some of the best HR analytics software you can use for your organizational needs.
IntelliHR is a human capital management software that lets HR professionals create reports for their employees’ performance and aalso, satisfaction metrics. With its people analytics module, users can create surveys for employee’s performance, generate the net promoter score get tasks completion statistics.
Features
IntelliHR Pros and Cons
Pricing
No free plan available| Paid plan starts from INR 453.88 per user per month
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 the mobile and get a fully organized spreadsheet.
Features
Excel Pros and Cons
Pricing
Free plan available| Paid plan starts from INR ₹ 11,999.
Suggested Read: List of 25 Best HR Software In India – HRMS Software for Businesses in 2023
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 could help HRs with managing content and certifying data sources, migrating content, receiving data-driven alerts, etc.
Features
Tableau Pros and Cons
Pricing
Pricing on request
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 . The data consolidated through Power BI can help people to gain valuable insights.
Features
Power BI Pros and Cons
Pricing
Free plan available| Paid plan starts from INR 824.36 per user per month.
SPSS is one of the best HR data analysis software to help HR teams with advanced data aggregation and analysis. With features like 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
SPSS Pros and Cons
Pricing
Paid plan starts from INR 8,175.55 per user per month
Qlik Sense is data analytical tool used by HR teams, managers, etc., for data aggregation and analysis through AI (Augmented Intelligence). It helps them to optimize compensation and benefits, create 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
Qlik Sense Pros and Cons
Pricing
No free plan available| Paid plan starts from INR 2,480.48 per user per month
Suggested Read: What is HR Analytics: Definition, Types and Benefits
Visier People is one of the most popular HR analytics tools that assists HR teams with people analytics and workforce planning. It aids them in answering critical questions by providing relevant answers to people’s questions.
Features
Visier People Pros and Cons
Pricing
No free plan available| Price on request
ChartHop is an HR analytical tool that helps users to access and analyze all the employees’ data through a single solution. It collects the employees 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
ChartHop Pros and Cons
Pricing
Free plan available| Paid plan starts from INR 661.32 per employee per month
Suggested Read: 7 Best Free HR Software for SMBs on Tight Budget
FineReport is a report making software 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, get multi-dimensional insights with data filtering, represent organizational data through 3D charts, etc.
Features
FineReport Pros and Cons
Pricing
Free plan available| Paid plan pricing on request
IBM ILOG CPLEX Optimizer helps users to find the best solutions from multiple business alternatives available by providing high-performance data modeling. It uses decision optimizing technology to help businesses to find the right course of action for a specific business situation. Businesses can use it for data modeling to optimize their business decisions and final the most appropriate decisions among alternatives .
Features
IBM ILOG CPLEX Optimizer Pros and Cons
Pricing
Free plan available| Paid plan starts from INR 16,423.28 per authorized user per month
Oracle Fusion HCM Analytics is an HR analytical tool helping HR professionals with analyzing workforce data and getting valuable insights. The insights derived can be used for making decisions related to workforce diversity, employees’ retention, compensation, talent acquisition, and much more. Further, it can be used for recognizing skills gaps, monitor internal mobility, analyze career path trends, etc.
Features
Oracle Fusion HCM Analytics Pros and Cons
Pricing
Oracle Analytics Cloud for Enterprise starts from INR 6,537.904 per user per month
Suggested Read: 14 Best Employee Management System for Small Business in India
HR analytics tools can help businesses to optimize workplace in the following ways-
The cost of every HR analytic tool would differ from software to software. For example, some HR analytical software such as ChartHop offers its pricing plan starting from INR 661.32 per employee month. Similarly, Qlik Sense offers its plan from INR 2,480.48 per user/ month. However, for some software you need to contact the sales representative.
Many HR analytical tools offer amazing features even in their free plan. For example, if you will choose ChartHop, 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 a paid plan to access more advanced features.
Related Categories: Payroll Management Software | Attendance Management Software |
Leave Management Software | Recruitment Management Software | Performance Management System | Corporate Learning Management Systems
FAQs
HR analytics tools help organizations with capturing, sorting, analyzing, and managing all HR data to improve employee performance and ROI. It helps them to find inefficiencies, optimize workforce organization, predict productivity, etc.
HR analytics can help a lot of HR professionals in improving engagement and it also helps them to understand ongoing workforce trends, find reasons for poor performance, create learning opportunities, etc.
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.
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.
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