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Top 10: HR Analytics software
Updated: July 30, 2023
HR analytics software is a powerful tool that enables organizations to harness the power of data and analytics to make data-driven decisions in human resources management. These specialized platforms gather, analyze, and visualize HR data, providing valuable insights into various HR metrics, such as employee performance, turnover rates, workforce demographics, and recruitment effectiveness. HR analytics software empowers HR professionals and business leaders to identify trends, spot areas for improvement, and predict future HR needs. With features like predictive analytics and workforce planning, these platforms enable organizations to optimize workforce allocation and talent management strategies. By leveraging HR analytics software, businesses can improve employee engagement, enhance organizational performance, and create a more data-driven and strategic HR approach that aligns with their overall business goals.
Some of the most popular HR analytics software options are listed below.
See also: Top 10 Talent Management Systems
See also: Top 10 Talent Management Systems
2022. Knoetic lands $36M to unify diverse sources of HR data
Knoetic is a specialized platform that offers valuable insights into essential metrics such as attrition, diversity, and headcount growth. By seamlessly integrating with HR systems, Knoetic enables Chief People Officers (CPOs) to conduct analyses and generate automated reports. Moreover, the platform provides recommendations to address issues related to employee turnover, thereby assisting in improving retention rates. Knoetic has the capability to integrate with various human resources information systems, applicant tracking systems, and performance and learning management applications, allowing for the identification of organizational trends. Previously, Knoetic had expressed interest in exploring machine learning models to predict factors influencing attrition and turnover, identify successful or fast-promoted employees, and pinpoint individuals who significantly contribute to the success of their respective departments.
2021. Visier raises $125M for its big-data approach to HR analytics and planning
Visier, a Canadian startup, has successfully raised $125 million (USD) in a Series E funding round, resulting in a valuation of $1 billion for the company. Visier specializes in building a powerful big-data engine capable of aggregating and analyzing data from various human resources and related applications. This enables the development of more accurate profiles of individuals and departments, proving particularly valuable in considerations such as remuneration, promotions, and hiring budgets. Visier's solution seamlessly integrates with popular HR management tools like Workday and Success Factors, allowing for data ingestion and visualization to provide comprehensive insights into the current state of affairs. Moreover, the platform's capabilities extend beyond HR departments, finding relevance in areas such as management, finance, and empowering employees themselves. With its data-driven approach, Visier not only offers a snapshot of the present but also increasingly delves into predictive insights.
