Question 1

What is HR Analytics Software and How Does it Empower Your Business?

Accepted Answer

HR analytics software equips human resource (HR) professionals with powerful, data-driven insights derived from people analytics. This innovative tool gathers information from diverse sources like performance reviews, employee surveys, work hours, and applicant tracking systems. Leveraging advanced machine learning (ML) algorithms, it analyzes this data to predict crucial workforce trends, including identifying skill gaps, forecasting employee turnover, optimizing productivity, and evaluating the effectiveness of HR programs. Essentially, HR analytics software functions as a vital business intelligence (BI) tool, helping organizations deeply understand their workforce. This understanding translates directly into enhanced employee satisfaction, significantly boosting retention, productivity, and overall business growth. For seamless operations, it can also integrate with existing HR and talent management solutions such as payroll, applicant tracking, and performance management systems.

Question 2

How Much Does HR Analytics Software Cost?

Accepted Answer

Most HR analytics software products are typically priced on a 'per user, per month' basis. Entry-level pricing plans generally range from $2 to $53+* per month. Higher-priced enterprise solutions often include more advanced features such as comprehensive fiscal calendars, hourly data updates, and extensive customizable workflow options.

*Please note: The pricing provided reflects the entry-level/lowest-priced offerings found on vendor websites as of March 3, 2023, and may vary.

HR Analytics Software

What is HR Analytics Software and How Does it Empower Your Business?

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Applicant Tracking System

Human Resources Software

Payroll Software

Performance Management Software

Recruiting Software

Talent Management Software

Workforce Management Software

Employee Engagement Software

Employee Onboarding Software