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.

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.

The platform has several integrations allowing you to import and export HR data between many popular accounting and reporting software solutions. Current integrations include NetSuite, Xero, Ashby, and Greenhouse. The company also has an Open API solution that allows developers to build their own interfaces on top of the Deel platform.

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 come standard with any new team member.

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.

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 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.

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.

Trinet's 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.

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.

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.

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

PerformYard integrates with most major HRIS and payroll systems including ADP, BambooHR, Gusto, Paycom, Paylocity, Rippling, UKG, and Workday.

Lightcast is a provider of a SaaS solution that delivers high-quality labor market data through a variety of software products, application programming interfaces (APIs), and consulting services. It is a labor market analytics company that aims to help corporate and staffing firms get a better understanding of their workforce training requirements, employment trends, and strategic workforce planning across different sectors and regions.

Lightcast offers a wide variety of solutions for the education sector, workforce development, economic development, and enterprise and staffing. It also works as a robust HR analytics software solution for actionable workforce data, providing advanced tools and services for labor market insights. It helps you develop your business by having access to relevant data for finding the right talent, generating leads for possible hires, and to qualify requisitions.

One of Lightcast’s products is Staffing Analyst, a software solution that provides actionable labor market data for staffing firms. This tool provides you with access to job postings, professional profiles, compensation data, and labor market data.

You can use the tool to scour millions of job postings online and filter results by keyword, skill set, job title, and company. You also get access to millions of individual compensation observations captured from comprehensive government data sources. And if there are additional details that you require and are not available in the government data sources, Lightcast can give you access to professional profiles that include information on the employer, alma mater, education level, and skill sets.

SmartReq is another product from Lightcast that is designed to provide you with data-driven recommendations on the best requisitions or reqs. SmartReq is a staffing software solution with lead generating and qualifying capabilities. It can help you find and sell job requisitions in a fast and efficient manner.

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

One of the standout features of Justworks is its customizable HR analytics dashboard, which provides a visual overview of important metrics like headcount, employee turnover, and diversity data.

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

Leapsome is a people management platform with a customizable analytics tool for businesses of all sizes. The software offers a variety of features that enable human resource management teams to track employee performance, growth, and engagement.

What I like the most about Leapsome is its engagement analysis feature. This feature helps you set up employee engagement surveys based on templates or starting from scratch. The tool crunches the answers and identifies engagement drivers, and engagement levels, and interprets the sentiment of written responses.

Leapsome’s insights help HR professionals identify the factors that impact performance and churn, and it enables them to understand what matters most to the company’s culture. This understanding can help management teams make calculated business decisions.

I chose Leapsome as the best tool for employee engagement forecasting because its question templates are verified by experts and its insights help HR teams take action.

Visier is an analytics tool that can help medium and large enterprises get an overview of what’s happening with their employees. The software collects, analyses, and presents the data in comprehensive reports, enabling HR specialists to track hiring, firing, and turnover trends.

The platform’s interface is clean, colorful, and friendly toward non-technical users. The onboarding process is not lengthy and Visier offers eLearning courses, a knowledge library, community forums, and customer service agents to help.

One of the things I liked about Visier is that you can create your own reports in addition to the variety of standard ones you can choose from. This offers HR teams more flexibility because they can create custom HR reports that align with their organization’s goals.

Thanks to this flexibility, I chose Visier as the best tool for customized HR reports.

Qualtrics People Analytics is a human resource management software that’s well-suited for medium and large enterprises. The HR system is simple to use, even for people who are not tech-savvy. It has a clean interface that’s quick to learn, and it sorts the collected HR metrics in graphs and reports that are easy to digest.

One of the highlights of this tool is its survey feature, which can be used to collect self-reported workforce data around culture and performance. HR teams can create things like exit interview polls or employee satisfaction surveys and then distribute them and visualize the response data in an assortment of charts and graphs.

I chose Qualtrics People Analytics as the best tool for employee surveys because it leverages machine learning and native language processing to interpret data from open-text responses, which are much more flexible and informative than ratings or multiple-choice questions. Through their feature Text iQ, you can isolate and pull out trending topics across hundreds or thousands of free-flow survey responses.

Humantelligence is a great HCM tool for medium and large enterprises. This software helps HR professionals measure and understand their company’s culture, enabling them to identify the people who would add the most value to the team.

Humantelligence processes self-assessments to quantify culture data. It maps your team’s behavior and motivators and then uses the data to measure how well a person fits within a team, and how close a team is overall. This helps HR specialists to identify leaders, find suitable candidates, and improve productivity.

I chose Humantelligence as the best tool for culture analytics because its algorithm segments and interprets employee data, then provides actionable insights that can help HR teams to make decisions based on cultural alignment.

Humantelligence offers customized pricing upon request. The company also offers a demo upon request.