HR analytics will help you make sense of a sea of data. By pulling metrics from all facets of your business, you can gain a holistic view of the organization to make decisions with confidence. What are the best HR analytics tools? — Workday Analytics Workday Analytics Workday Analytics provides employees with real-time information that is always up-to-date and accurate, presented in an easy to digest format, for everyone from entry level to senior management. In short, it combines practices from Big Data and business intelligence to build a human capital management system that makes data analysis easier.
Python
Python is another programming language and can be used interchangeably with R. In the data science community, there’s quite some buzz about which of the two will become the data scientist’s tool of choice.
R is better at doing statistical analyses, has a more active community when it comes to statistics, and is better suited for visualizations. Python, however, offers only slightly less functionalities but is easier to learn.
Often used IDEs are PyCharm and Spyder. These tools are to Python what RStudio is to R. Both are open-source IDEs that provide data scientists all the tools they need to use Python. Spyder, short for Scientific Python Development Editor, is specifically made for data science. It includes an advanced editor, an interactive console, documentation viewer, and a whole suite of development tools that also include visualization options.
Power BI
Gartner’s Magic Quadrant for Business Intelligence shows Microsoft as the absolute leader. That’s why we included Microsoft’s Power BI. It makes the aggregation, analysis, and visualization of data very simple.
- Using Power BI, it’s straightforward to connect to multiple source systems, like SQL databases with people data, a live twitter feed, or machine learning APIs. All these different data sources then integrate in Power BI. This simple aggregation process enables you to combine multiple data sources in one large database suited for reporting or analysis.
Since Microsoft owns both Power BI and Excel, integrating of Power Query in Excel works quite smoothly. This makes Power BI an excellent option for a budding HR analyst.
- The consolidated data can then be used to create a pivot table (using Power Pivot). This lets you get a quick insight into key areas of your workforce.
- The same data can then be transformed into a dashboard, using Power BI’s dashboarding capacity. An example of this dashboard is added below.
The HR analyst course from the AIHR Academy dives into how to aggregate data from multiple Excel sheets, visualize this data, and create HR dashboards and reports using Power BI.
R
R is the most used HR analytics tool. R is great for statistical analysis and visualization and is well-suited to explore massive data sets. It enables you to analyze and clean data sets with millions of rows of data. It also lets you visualize your data and analysis.
You can download R here.
The most often used Integrated Development Environment, or IDE, for R is RStudio. An IDE is software that provides additional facilities for software development and data analysis. This makes the software more userfriendly.
Simply put, RStudio does everything that R does but more and better. The RStudio interface contains a code editor, the R console, an easily accessible workspace, a history log, and room for plots and files. The picture below shows all these elements.
RStudio
As previously stated, R is useful because it enables you to work with much larger datasets compared to, for example, Excel. Furthermore, R has a very extensive library with R packages.
These packages are easy to install and allow you to run virtually all statistical analyses and create beautiful visualizations. Take, for example, the caret package. This package enables you to split data into training and testing sets to train algorithms using cross-validation.
Another example of an R package is ggplot, which helps you to visualize graphs. In a previous article on R Churn analytics, Lyndon showed the distribution of employee turnover for a large Canadian company as seen in the following chart using ggplot.
Tableau
Tableau is very similar to Power BI in that it enables the aggregation and visualization of various data sources. Founded in 2003 as a commercial outlet for research produced at Stanford University, the software has taken the visualization world by storm.
Tableau is arguably the best business intelligence tool (BI tool) out there when it comes to visualization. It has been recognized in the Gartner Magic Quadrant for seven consecutive years between 2012 and 2019.
The image below shows an employee referral dashboard. The dashboard shows how long different recruiters take to resolve referrals. By sharing this visualization with recruiters, average response time to these referrals dropped significantly (see below, Q1, Q2, and Q3).
The disadvantage of Tableau is that it is more expensive compared to competitor Power BI.
Lattice
Why we love it
:
Lattice puts people analytics, performance management, employee engagement, and growth & development into a single platform.
Lattice
Review
Lattice is first and foremost a next generation performance management tool that enables individual employees to see how their efforts are impacting the organization as a whole.
While we don’t typically think about performance management and analytics necessarily, Lattice actually provides some pretty interesting insights into the org. Specifically, you can see what teams are working on, how their initiatives align with the broader organization. You can also take a look at where people do/don’t feel engaged, where managers need extra help, and lots of other insights that you’d look for in a people analytics tool.
Lattice
Customers
Lattice is trusted by brands such as Reddit, Slack, Samsara, Cruise, and Asana.
Lattice
Stats
- Used by 2,000+ organizations
- Favored by 3,670+ people leaders
- 1.67M sets of feedback processed
- Over 10,000 resources for their community members
Lattice
Pricing
Lattice has three plans: Performance, which starts at $9 per user per month (billed annually), Performance & Engagement which is set at $12 per user per month when billed annually, and Enterprise. The latter is calculated based on company size and requirements.
Best For
Lattice is best for medium to large companies, especially those that want to take advantage of their several products within a single hub.
Nakisa
Why we love it
:
Nakisa’s Hannely is a straightforward HR analytics tool for mid to large companies. In the same platform, they offer tools for organizational design and accounting.
Nakisa
Review
Nakisa helps HR and data teams to extract relevant insights from their human capital management suites. Their offering comes with pre-packaged reporting across the things you care most about: DEI, TA, etc. They also have the ability for companies to do custom reporting, and even clean up your current data sources by writing back to the source. Their HR analytics tool is called Hanelly and you can use it to produce charts and reports on a daily basis.
Nakisa
Customers
T-Mobile, ExxonMobil, Comcast, Lilly, Delta, Nestle, BP, Air France, Bancolombia.
Nakisa
Stats
- 902 customers
- 4,789,000 subscribers
- Presence in 125 countries
- 18 supported languages
Nakisa
Pricing
Nakisa has a free trial, but the starting price is not provided.
Best For
Nakisa’s Hanelly is best-suited for mid to large businesses. It has the ability to process over 1 million employee records.
ORACLE HR ANALYTICS
Oracle HR Analytics is explicitly designed to support HR practices. Oracle analytics can gather data from different sources and analyze it accurately and efficiently to uncover relevant insights. This HR Analytics software has in-built technologies such as accelerated model building and Machine Learning. It is functional in analyzing data to provide an objective view related recruitment, stories behind attrition, a measured-insight of payroll metrics, etc.
QLIK
Qlik, as a People Analytics software, has an extensive dashboard capacity. It facilitates data aggregation from multiple sources and transforms it into a dashboard for straightforward data interpretation. It also has functionalities to support conversational analytics and user-driven business intelligence. In the Gartner Magic Quadrant, a series of marketing reports by Gartner, Qlik has been a leader for many years.
VISIER
Visier is a comprehensive workforce analytics software that focuses on providing actionable insights on workforce data. It can connect with multiple HR systems and integrate them into one Business Intelligence (BI) tool. Visier uses algorithms to predict exits, internal movement, promotions, etc. Likewise, it can show you different trends in your workforce data to help understand methods that drive productivity and performance.
Crunchr
Why we love it
:
Crunchr is a highly intuitive, powerful, and secure People Analytics Platform, with one integrated experience for HR dashboarding, analytics, and planning.
Crunchr
Review
Crunchr connects with (non) HR Systems and smartly organizes all data in one clean datastore. Powerful advanced analytics engines scan for inconsistencies to improve data quality, and the people analytics layer creates actionable workforce insights for managers, HR professionals and business leaders. All with enterprise graded security, GDPR controls, and fine-grained authorizations options.
There are three integrated modules: Planning, Analytics and Dashboards. The Strategic Workforce Planning module guides companies through business transformations. The People Analytics module produces actionable insights into talent acquisition, promotions, turnover, diversity & inclusion, spans of control, etc. Finally, the HR Dashboards module includes a library of bespoke dashboards for different stakeholders. All automatically created and managed.
Crunchr
Customers
Crunchr is trusted by many (global) companies, across all industries. Some notable names include MetLife, Randstad, AkzoNobel, Rabobank, Prosus, Jacobs Douwe Egberts (JDE), and Arcadis.
Crunchr
Stats
- >95% customer retention
- Weekly automated product updates
- 40 employees (growing fast)
- Founded in 2015
- Crunchr connects to over 50+ HR Systems
Crunchr
Pricing
Crunchr follows a headcount model with a price per employee per year (PEPY). The larger the company the lower the PEPY. A thing worth mentioning is that their prices are rather competitive in the North American market since they are a European company.
Best For
Enterprise customers with 1000+ employees. Current customers are mainly based in Europe and the US, but they often have a worldwide presence. Crunchr is expanding in other continents as well.
Conclusion
The HR analytics market is huge and bustling with several tools and platforms to take the right business decisions. The scope and growth of HR analytics has increased manifold in the recent years.