According to Deloitte’s People Analytics Report 2023, people analytics reduces hiring time by 15%, training cost by 25%, and high performer attrition by 18% while increasing employee productivity by 5%. However, only 5% of the surveyed companies have intuitive and customizable dashboards to offer them real insights. Hence, organizations and HR leaders lose out on opportunities to optimize their workplaces. This slows down business growth and makes organizations struggle to compete in the market. Therefore, this blog provides you with a list of five people analytical tools with intuitive dashboards and real-time data analysis features.
The Top 5 People Analytics Tools List
Here are the top five people analytics tools HR leaders can use to optimize their workforce:
Tableau is a business intelligence software that provides automated business insights through data visualization. Its robust dashboards, also called accelerators, help HR leaders in data mapping and people analytics.
It is commonly used for assessing and monitoring employee expenses, business travel expenses, budget control, occupational health and safety, headcount, and workforce composition. Additionally, Tableau People is also one of the most significant HR analytics tools for assessing diversity, gender representation, employee absence, and workforce planning.
Keka offers customized people analytics tools or software for industries. Its Professional Services Automation (PSA) software provides a 360-degree of organizational data. This employee analytics tool helps automate the tracking and monitoring of key business risk areas and Key Performance Indicators (KPIs).
Moreover, it also provides in-depth HR analytics related to revenue and resource utilization, workforce attrition based on gender, payroll insights, talent and culture building, and employee attendance.
Keka also offers an interesting ad hoc report-building feature that allows leaders to prepare quick reports using real-time data. The reports can later be customized as per stakeholders’ requirements.
This is another one of the most popular people analytics tools that provides an extensive view of an organization’s workforce data. Visier helps track and analyze real-time HR changes.
An interesting feature of this HR analytics tool is that it offers benchmarks for workforce inclusivity, diversity, compensation, turnover rates, and other factors on the basis of 15 million employee records. Thus, it helps organizations compare their workforce performance with their competitors or other industry leaders.
This people analytics tool also has an embedded analytics feature, which allows startups or organizations to analyze data based on several metrics by integrating the tool into their existing solutions.
Crunchr is an Amsterdam-based company that offers one of the most intuitive people analytics tools, HR dashboard, and workforce planning. The platform offers detailed insights across several domains, including employee performance, engagement, hiring, and retention.
Moreover, its intuitive dashboard helps present data in the form of a story to help organizations get deeper insights. One of the best advantages of this employee analytics tool is that every data point has context and can be viewed at an individual employee level.
The tool also has a built-in data lake that offers a comprehensive view of organization-wide data, thus enabling more intelligent people analytics.
IntelliHR is one of the most popular people analytics tools for business leaders and managers. It provides real-time people insights for proactive workforce management and efficient decision-making.
The tool understands the relevance of people data for the organization and uses relevant data to provide insights related to culture, employee engagement, and employee performance. Moreover, it uses a secure cloud-based system to protect confidential employee data.
IntelliHR offers an intuitive dashboard that supports quick data visualization, dynamic reporting, and actionable insights.
Frequently Asked Questions
1. What are the Benefits of Using People Analytics Tools for HR Professionals?
People analytics tools are crucial for HR leaders to make data-driven decisions related to employee engagement, retention, and performance management. Moreover, HR analytics tools help predict HR trends and make strategic plans. They further help in cost optimization and organizational growth.
2. How Can People Analytics Tools Improve HR Decision-Making Processes?
HR analytics tools get real-time insights related to employee performance, diversity and inclusion, and other relevant factors. Hence, HR leaders get accurate information that facilitates workforce planning and learning and development initiatives.
3. Which Factors Should HR Professionals Consider When Selecting a People Analytics Tool?
The key factors that HR leaders must consider while selecting people analytics tools are user interface intuitiveness, integration with existing solutions, automation, customization and flexibility, scalability, and data security.
4. Are There Any Specific Industries or Business Sizes That Can Benefit the Most From People Analytics Tools?
Nearly all industries and businesses are relying on data-driven information to enhance decision-making and improve the productivity of their workforce. Hence, people analytics tools are beneficial for all industries or business sizes, especially for large-scale enterprises in health care, banking and finance, technology, and manufacturing industries.
5. Are There Any Challenges or Limitations Associated With Implementing People Analytics Tools in HR?
Data protection and confidentiality are one of the most significant challenges of implementing people analytics tools. Other key challenges are data management, data inaccuracy, and integration of tools with existing technology infrastructure.
Work trends have shifted significantly in the past few years. Professionals are now keen on working with organizations that offer more value, better flexibility, and prioritize their well-being. According to Gartner’s Future of Work Trends Report, workforce diversity and inclusion is a top priority for organizations. Additionally, organizations are also taking significant measures to address employee data privacy concerns and mental well-being issues. To address these concerns, organizations need skilled HR leaders who can navigate complexities. Emeritus’ online human resources courses can help you learn the right skills and gain practical experience to lead the modern workforce. Explore Emeritus’ online HR courses to become an HR leader!
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