HR analytics software helps human resources professionals collect and analyze people data to identify key HR metrics and their impact on business performance. These tools enable companies to identify workforce inefficiencies, predict productivity, and optimize workforce organization to improve return on investment.
To qualify for inclusion in the HR Analytics category, a product must:
- Collect and analyze people data on one or more key HR performance areas, such as DEI, retention, performance, recruitment, labor, benefits, or payroll
- Provide customizable reports and dashboards for analyzing HR and workforce data
- Evaluate the risks, costs, or effects of HR policies and workforce decisions using relevant people data and HR metrics
- Monitor workforce development, trends, or goals to help organizations understand workforce progress and performance
- Generate insights for potential HR and workforce scenarios, such as changes in retention, staffing, productivity, or workforce structure