HR analytics software

HR analytics software represents the process of gathering and analyzing employee data to improve business outcomes. Learn why data-driven decisions in the HR department are essential for the successful management of your people with an automatic software. It includes everything from headcount, age, tenure, and more.

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1. Workforce analytics software

Gain access to insights to identify the state of your organization. Our software provides valuable workplace insights that can give your leaders the advantage to run their business better.

HR analytics dashboard

LeaveBoard allows you the possibility to understand the headcount and distribution among its offices and teams, plus much more. Its core HR software helps companies to tackle easier administrative aspects across the organization.

Using the power of employee-generated data eliminates gut feelings and welcomes trusted decision-making. Using innovative ways to approach HR creates a solid organizational culture that the workforce will enjoy, making your business more resilient over time.

By identifying early inefficiencies within people management and optimizing leave management, you gain an improved return on investment (ROI) since absences are costly to the business.


2. People analytics software

In today’s world, so much of the data available within your business is lost. We want to facilitate that by measuring and providing insights as part of an HR dashboard that continuously provides analysis and metrics to help you make better decisions.

The HR analytics functionalities, with the reports and dashboards, facilitate better, faster, and smarter decision-making, based on real-time people data.

People analytics dashboard

Talent is the most critical catalyst for growth within any business. Now you will be able to surface essential insights, spot absenteeism, and prevent burnout much easier.

When it comes to business continuity, you will understand how to allocate human capital better and plan your business's future.

Tip: You can download these reports in XLS format at any time.


3. Headcount analysis

The HR analysis software consolidates people data into a centralized employee database that provides the current headcount structure (offices and teams) in real-time. Moreover, the HR leaders can use the filters to make a more granular analysis, i.e., only the offices in Australia or the sales and marketing teams. In this way, you can compare, review key indicators, and optimize headcount.

Headcount insights

With a bit of extra work, you can benchmark the current situation with your hiring plan or discuss the current situation with the management and brainstorm about recent evolution and future scenarios (reduction or new hires). You might prioritize some teams that are highly important for the company.

With the insights generated, create headcount insights that can be analyzed regarding next quarter's growth forecast. Additionally, you can discuss the upcoming leaves of absence (maybe some will leave, others will retire, or you might have people going for sabbaticals or taking maternal/paternal leave). Such movement/availability of the personnel is relevant and important to be discussed so that you can keep the business continuity.

Insights into current personnel and demand from the team leaders are much needed to create a better headcount plan, discuss the impact on the org chart and the payroll budget.

Don't forget to consider the management/subordinates ratio or managers/direct reports because you don't want to overload some people and create a sense of unfair treatment.

In your next meeting with the CEO or CFO on the headcount report, such information will be impactful. Actual numbers provide real value if there is no discrepancy between reality and the data within the database. Think about the future, not the present or the past, what needs to be addressed, and how the management can help in a not-boring fashion.


4. Birthdays and Work anniversaries

The HR system, you provide demographic information about your employees at any time, including future birthdays and age of your people. This information will be restricted to HR admins only, and will help you to build a stronger company culture, and also build loyalty in the organization.

Upcoming birthdays and age calculator

The work anniversaries are a great element when considering promotions and offer a reminder of when employees should embark on new performance reviews or career satisfaction with the management.

Tip: Our customers have info such as next work anniversary or employee birthday not from Facebook or Linkedin but directly within their Google/Outlook calendar automatically using the LeaveBoard calendar feeds.

Work anniversaries in Google calendar

HR Analytics Software - An interactive presentation

In the following video, you will learn more about the importance of HR Analytics solutions, the benefits, and a short walkthrough of some valuable metrics that LeaveBoard offers to demanding HR managers.


Frequently asked questions

What is HR Analytics?

HR analytics is the application of statistics, modeling, and analysis of employee-related factors to improve business outcomes.

In other words, HR analytics refers to the analytical approach of all the HR processes in the hope of finding the weak points of the employees’ performance and improving those aspects, thus getting the best return on investment.


Why are the reasons to use people analytics in small and medium organizations?

The workforce in small and medium businesses is generating more data, but at the same time, most of this data is scattered across paper, emails, and spreadsheets. LeaveBoard offers the capability to turn people's data into valuable insights and gain the advantage of it:

  • Take the pulse of your organization
  • Leverage data to improve the business strategy and plan ahead
  • Equip management with better HR insights
  • Optimize the recruiting strategy
  • Collecting employee data efficiently
  • Tackle complex challenges like a lack of diversity or a high turnover rate.
  • Improve productivity of the HR department.


Why are HR analytics important?

Find below 10 advantages provided by having access to HR analytics software:

  1. Improve hiring decisions
  2. Analysis of the current organizational structure
  3. Increase HR performance
  4. Improve retention and understand turnover patterns
  5. Gain better employee insights
  6. Identify attrition (turnover) and its causes
  7. Fundamental headcount analysis by business unit, age, experience, diversity
  8. Generate transparency among people's data
  9. Improve consistency HR processes
  10. Better forecast the future.


Resources:

User Experience Improvements at the People Analytics Dashboard

HR Dashboard

Leave and HR Reporting Software

Get better decisions with HR Analytics Software

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