At some point, companies would start to notice something that might drain their productivity. To analyze what’s causing their company’s work morale to go down, they need the tools to help them analyze and monitor their workplace productivity and their employees’ performance. One of these tools is workforce analytics software which is a common software for human resources (HR) departments as its solutions help guide companies to make decisions to improve their workforce. Here are some of the best workforce analytics software available right now.
13+ Workforce Analytics Software
4. Predictive Index Behavioral Assessment
5. SAP SuccessFactors
9. Fourth Analytics
12. Workday Prism Analytics
14. Activ8 Intelligence
What Is Workforce Analytics Software?
Workforce analytics software is an HR analytics software that helps companies analyze their employees’ performance in the workplace. As a people analytics software, it allows the company’s human resources to make well-informed decisions on how to improve their company’s productivity by identifying elements of the workforce that are slowing down their productivity.
As an HR software, Workforce analytics software informs the company’s HR on how their employees perform their duties during work hours. By using the software, they can individually assess their employees’ performance which such data reported about the employee can help them make decisions regarding their employment. The software’s predictive nature provides solutions on how to better improve their workforce based on the data gathered on the employees’ performances. The software can also help set the standards in recruiting as human resources can fill the lapses of the current workforce with new employees based on the software’s analysis of the current employees’ performances evaluation results.
The most fundamental feature of workforce analytics software is that it measures employee performance through extensive analytics tools. Such tools can generate information of the employees’ performance which they can analyze whether the employee is helping drive the company upwards or hampering the productivity of the workplace. The software also provides tools to monitor their performance in real-time including employee time tracking, project management, workflow management, etc. The software should be able to help HR evaluate the workforce after all the information about the workplace is gathered, which such information can help them make decisions set as setting new standards within the HR’s policy as an example.
- Measurement tools in employee performance
- Real-time monitoring tools
- Analytic tools that help companies to evaluate the workforce
Top 10 Workforce Analytics Software
Anaplan provides their company clients with business performance tools that allow them to evaluate their business and forecast employee performance. Anaplan has 2,046 employees and earns annual revenue of $168.3 million.
2. Fourth Analytics
Fourth Analytics empowers companies with their operational analytics software that helps its leaders make well-informed decisions on what to do with employees. Fourth has 573 employees and earns annual revenue of $83.1 million.
3. Predictive Index Behavioral Assessment
Predictive Index Behavioral Assessment provides companies the tools to study their employees’ behavior with their behavioral assessment software. Predictive Index has 402 employees and earns annual revenue of $80.8 million.
Visier’s people analytics software allows businessmen to optimize their workforce with its analytics platforms tools. Visier has 459 employees and earns annual revenue of $66.6 million.
OnShift’s human capital management software provides tools for businesses to recruit and analyze their employees. OnShift has 250 employees and earns annual revenue of $36.3 million.
ActivTrak’s workforce analytics software provides a tool that helps companies to analyze and strengthen their workforce with its ethical and transparent solutions. ActivTrak has 123 employees and earns annual revenue of $25.1 million.
ChartHop’s people analytics software is from ordinary with its visualized tools that help companies have a better idea of their workplace performance. ChartHop has 44 employees and earns annual revenue of $6.4 million.
OrgMapper provides an all-in-one employee management software to companies to enhance their workplaces with various tools available including workplace analytics. OrgMapper has around 25 employees and earns a revenue of around $5 million.
9. Activ8 Intelligence
Activ8 Intelligence offers unique “out-of-the-box” workplace reporting solutions that can guide companies to make the best decision for their employees. Activ8 Intelligence has 15 employees and earns annual revenue of $2.2 million.
Logi-Serve provides companies with accurate employee assessment software that can help them forecast their workplace performance. Logi-Serve has 12 employees and earns annual revenue of $1.7 million.
Do companies have to make tough decisions to enhance workplace productivity according to the data provided by work analytics software?
As work analytics software provides solutions to companies on how to optimize their workplaces, tough decisions have to be made as identifying the weak links in the workplace and taking action would help enhance the productivity of the workplace. Tough as these decisions are, it’s needed to allow companies to improve their company’s policies and standards as well as strengthen the process of recruiting new employees.
How much does workforce analytics software cost?
Pricing for workforce analytics software is usually customized as the pricing depends on the features available, the difficulty of the software as well as the intended target audience. Small companies can benefit more from low-cost workforce analytics software while larger companies can benefit more from a high-cost workforce analytics software.
It may be a data-driven software where solutions may call company leaders to make tough decisions. But using workforce analytics software can benefit companies in the long run to improve the standards of a productive workplace.
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