10 Best HR Analytics Software of 2023 for Actionable Workforce Data

Deel is a global employment platform that enables hiring in over 150 countries. It allows you to hire anyone as a contractor or employee without worrying about local laws, complicated tax systems, or international payroll. You can manage contracts, invoices, and equipment, giving you more insight into your HR department’s performance.

Why I picked Deel: I chose Deel for the best all-around solution for global teams. Its integrated platform simplifies HR for teams that have contractors and employees spread across the world. Its analytics features, which are included with any new team member, can help you understand global costs and anticipate compensation increases over time.

Deel Standout Features and Integrations:

Deel has launched several new offerings over the past year, including global payroll and integrated Slack tools. The Slack plugins can be used to give your organization an accessible organizational chart, self-service PTO management, and even referral tracking. Their UI is intuitive and easy to use, with actionable reporting that helps in making decisions about where to allocate your resources.

Deel's integrations allow you to import and export HR data between many popular accounting and reporting software solutions. Current integrations include Ashby, BambooHR, Expensify, Greenhouse, Hibob, NetSuite, Okta, OneLogin, Quickbooks, Slack, Xero, Workday, and Workable. The company also has an Open API solution that allows developers to build their own interfaces on top of the Deel platform.

Teramind is a comprehensive user behavior analytics software that specializes in insider threat management, data loss prevention, workplace productivity, and employee monitoring. It is particularly effective for insider threat detection and employee monitoring, as it provides real-time visibility into employees' activities, enabling organizations to detect potential threats and prevent data leaks.

Why I Picked Teramind: Teramind offers productivity analysis tools that measure employee productivity and identify areas for improvement, providing detailed reports on user activities and productivity metrics. The policy and rules engine allows businesses to define and enforce policies and rules for user behavior. The software also provides forensic data recording, risk analysis, email monitoring, file transfer monitoring, instant message monitoring, keystroke logging, screen recording, website monitoring, application monitoring, and printed document tracking. Plus, it offers user activity monitoring, optical character recognition, business intelligence and reporting, scriptable rule logic, and in-app field parsing.

Teramind Standout Features and integrations:

Features include is its ability to monitor user behavior in real-time to detect insider threats and prevent data leaks. It records activities of employees, remote users, and contractors, tracking app usage, websites, emails, social media, file transfers, and more. It offers rule-based risk analysis, remote desktop control, IT forensics, automated alerts, and behavior shaping guidance to prevent data breaches.

Integrations include ArcSight, Jira Software, LogRhythm, McAfee, and Radar.

Lattice is a human resource management (HRM) solution for medium and large enterprises. The tool is great for giving and receiving employment feedback, be it anonymously or not. It has an accessible layout and offers a smooth navigating experience.

Lattice enables HR teams to save time by automating review cycles for regular performance tracking. HR specialists can create custom templates for weekly, monthly, or quarterly reviews, and schedule their distribution ahead of time.

I chose Lattice as the best tool for employee review analytics because it offers an easy way to complete and keep track of self, peer, and manager reviews. The software then parses all the review data and presents team-oriented action plans, research-backed actionable insights, and real-time results analysis.

Lattice costs from $9/employee/month. You can also schedule a demo.

Paycor is a human capital management system with an extensive HR analytics module that uses data from payroll, attendance, and benefits to give insights into workforce trends. These insights can then be used to improve HR decision-making, identify training and development needs, and track employee engagement.

Paycor offers various visualization tools to help users transform complex data into a more understandable concept. Users can quickly identify trends, benchmark performance, and make informed decisions about their HR strategy. Its visualization tools allow users to share data with colleagues and decision-makers in a format that is easy to understand and digest.

Its workforce analytics tool lets users see how their workforce compares to their peers across various metrics. Businesses can use the data to identify areas where they may have a competitive advantage. They can also see how their industry turnover rate compares to others. Users can see how they stack up regarding employee engagement, retention, and productivity and make informed decisions about their employees’ career paths and compensation packages.

Paycor's predictive data model can help users identify the probability and extent of employee turnover in the next 12 months. The model uses a variety of factors, including job satisfaction, tenure, and performance reviews, to calculate the likelihood that an employee will leave their job within the following year. This information can be used to develop retention strategies, such as targeted training and development programs, to help reduce turnover and improve employee engagement. Paycor’s model can also identify at-risk employees and provide them with support before they decide to leave.

Integrations include HireTech, Emburse Certify, Zillion, Points North, FMLA, Tapcheck, Instant Pay, Sterling, Wageworks, Ignite, and other digital workforce tools.

Trakstar's cloud-based HR platform combines workforce analytics with performance management, learning management, and applicant tracking. You can use it to uncover insights related to your employee performance, internal learning and development programs, and your hiring process.

Why I picked Trakstar: You can monitor employee engagement, performance metrics, company culture indicators, employee turnover rates, and other potential risks, and use the data to make better strategic decisions. Using their powerful filters and customizable reporting options, you can quickly identify trends and gaps, compare data over time, and create targeted action plans.

Trakstar Standout Features and Integrations:

Trakstar also includes benchmarking capabilities, making it possible for you to compare your organization with others in your industry. This means you can compare your company to their aggregated and anonymized data to understand how your company performing is performing against your competitors in the always-evolving talent marketplace. Doing so can give you a competitive edge, reduce your turnover, and improve your employee retention.

Integrations are available with numerous software systems, including ADP Workforce Now, Azure, BambooHR, Checkr, Google Workspace, Namely, Office365, Okta, Slack, Zoom, and others.

One Model is a comprehensive people analytics platform that's designed to help businesses make sense of their workforce data. It's a tool that's all about taking the mountains of data that businesses generate and turning it into something useful.

Why I picked One Model: One Model provides the flexibility of unlimited workforce contextual data sources, allowing seamless integration with various data sources such as financial, sales, labor market, and customer experience, in addition to their extensive support for people analytics; further supported by a vast array of third-party integrations and the ability to connect with form and survey tools for collecting self-led data.

One Model stands out with its emphasis on collaboration, going beyond mere data analysis to facilitate better decision-making within your team by enabling report sharing, dashboard creation, and the setup of alerts to ensure everyone stays informed, aligned, and actively working towards shared goals.

One Model Standout Features and Integrations 

Features include effortless data modeling, pre-defined metrics, analytics, and storyboards, designed to provide a seamless onboarding experience without the need for building systems from scratch. Additionally, their AI-embedded analytics harnesses advanced algorithms and machine learning to extract meaningful insights from HR data, facilitating precise workforce planning and talent management.

Integrations include SuccessFactors, Workday, ADP, Ultimate Software, SAP, Oracle, PeopleSoft, BambooHR, Fairsail, Namely, Deltek, Cornerstone, Azure, Snowflake, AWS, Google Cloud, CultureAmp, Waggl, ModernSurvey, Glint, Maritz, Confirmit, Reflektive, Qualtrix, and others for LMS, payroll, and ATS.

Trinet is a cloud-based HR software system designed to help organizations manage core HR tasks such as payroll, benefits enrollment, applicant tracking, document management, and HR analytics. Their software allows organizations to collect numerous data points and run detailed analyses to uncover insights about their workforce.

Why I picked Trinet: Their HR analytics cover all the key elements that matter, including your headcount, turnover rates, employee tenure, number of new hires, number of terminations, absenteeism rates, and benefits utilization. This data can help businesses uncover workforce trends, so they can take proactive measures to address any potential issues. You can also customize their analytics dashboard to track other key performance indicators (KPIs) that are important for your business too.

Trinet Standout Features and Integrations:

Another unique feature that comes along with Trinet is its integrated Compensation Benchmark feature, which is part of its workforce analytics module. Trinet automatically pulls industry salary benchmarking data directly from Salary.com. This is helpful as you can run custom analytics using this data to ensure your salary ranges stay competitive against changing market rates.

Trinet also offers HR analytics in customizable formats, including dashboards, crosstab reports, or chart formats, or export the data from the system in CSV or PDF format. Multi-company reports are also an option if you want to aggregate data from multiple locations or subsidiaries into one.

Integrations are available with Brex, ChartHop, eqtble, Green Places, Mosaic, PayEm, QuickBooks, Sage Intacct, Secureframe, TravelBank, Vanta, Worksphere, and others.

PerformYard’s performance management software provides flexible features for HR, while creating a simplified employee experience for your staff. Their platform gives HR teams the tools they need to build out any performance management strategy and quickly analyze performance trends to determine employee development paths.

Why I picked PerformYard: Their software allows you to filter performance-related data to uncover trends, compare departments, or identify top performers for succession planning purposes. You can also track and analyze both quantitative and qualitative performance feedback in PerformYard, including peer-to-peer feedback and changes to key metrics over time.

PerformYard also provides dedicated customer success managers for every customer to help them with everything from onboarding, to employee training, to ongoing support.

PerformYard Standout Features and Integrations:

Key features include performance improvement plans, and tools to uncover growth opportunities or succession candidates. Their performance management software also supports 360-degree feedback, project-based reviews, continuous feedback, and cascading goals.

Integrations are available with most major HRIS, HCM, and payroll systems including ADP, BambooHR, Gusto, Paycom, Paylocity, Rippling, UKG, and Workday.

Insperity is an all-in-one human capital management (HCM) software solution that covers a wide range of features including HR analytics, HR-related compliance, payroll, talent management, and benefit solutions.

Why I picked Insperity: Their software offers real-time data analytics, benchmarking tools, and custom reporting features that allow businesses to get a clear view of their HR metrics. Their data analytics dashboard is also customizable and includes different data visualization tools that make it easier to digest employee data to make informed decisions.

Insperity Standout Features and Integrations:

Their software works in conjunction with Insperity's in-house team of HR experts. Together, they can help you identify any inefficiencies, build retention and succession plans, implement overtime control strategies, incorporate diversity and inclusion analysis and programs, establish collaborative and data-driven workforce processes, compare your workforce trends to benchmark data, and review flight-risk models. This combination of software plus additional expertise makes them an ideal solution for small to midsize businesses that have limited in-house resources and want to access expert HR support.

Integrations are available with various third-party applications, such as QuickBooks, Salesforce, and ADP. It also offers an API that allows users to build custom integrations with other applications. This means that users can easily connect Insperity to their existing systems and workflows.

Justworks is a cloud-based HR software solution offering a wide range of features including people analytics and reporting.

Why I picked Justworks: Their customizable HR analytics dashboard provides a visual overview of important metrics like headcount, employee turnover, and diversity data. You can easily create custom reports that track specific metrics over time or compare data across different departments or locations. The app allows you to combine these different data points and present and manipulate them in the app in real-time.

Justworks Standout Features and Integrations:

In addition to their software, Justworks also offers additional professional employer organization (PEO) services, if you need extra support with managing your payroll or monitoring your workforce for compliance. Their customer support team is also available to you 24/7 by phone, email, chat, Slack, or SMS (text message) too.

Integrations are available with 5Five, Accurate Background, Bench, Checkr, Culture Amp, Expensify, Found, JazzHR, Lattice, Pilot, Remote, Teampay, Velocity Global, and Zip Recruiter.