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Top 14 Workforce Analytics Software in 2024

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24 May, 2024

Today's HR leaders and L&D professionals face a constant battle: managing high turnover, identifying critical skill gaps, and ensuring training programs deliver a strong return on investment. Traditional methods often fall short, leaving you with more questions than answers.

Workforce analytics software steps in to bridge this gap. These tools go beyond basic reporting, offering powerful data analysis to transform your understanding of your most valuable asset - your people. According to a SkyQuest report, 69% of organizations believe workforce analytics is critical to their success.

By analyzing everything from employee demographics to performance metrics, it empowers you to:

  • Identify hidden talent and optimize placement for maximum productivity.
  • Predict future workforce needs and make informed hiring decisions.
  • Measure the ROI of training programs and ensure your L&D efforts are hitting the mark.

We have carefully curated a list of the best workforce analytics tools to help in your decision making. Let’s dive in.

 

 

Top 14 Workforce Analytics Software to Consider in 2024

1. iMochaimocha-homepage

iMocha is a Skills Intelligence Platform designed to help organizations identify talent and skills gaps, assess skills, and facilitate seamless workforce management. Its skills intelligence platform uses advanced algorithms to help you with workforce analytics by creating intelligent employee skills profiles and keeping track of parameters that help improve overall talent management, decision making, and succession planning. Here’s a breakdown of its key features:

  • Workforce Planning and Forecasting: By understanding your current skills landscape, you can forecast future skill needs based on your business strategy. This allows for proactive talent acquisition efforts and ensures you have the right talent pool in place for upcoming projects and initiatives.
  • Performance Management: Skills intelligence data can be integrated with performance management systems, allowing you to evaluate employee performance based on specific skills needed for their roles. This data-driven approach can help identify areas for individual development and tailor coaching and mentoring programs for optimal performance.
  • Skills Gap Analysis: iMocha can analyze your current workforce skillsets and identify areas where there are gaps compared to your business needs. This allows you to develop targeted training programs and upskilling initiatives to bridge those gaps and prepare your workforce for future challenges.
  • Talent Inventory and Mapping: It can create a comprehensive skills inventory of your employees. This allows you to identify talent with specific skill sets you need for different projects or positions. You can then leverage internal mobility programs to place employees in roles that best utilize their strengths. 

Founding Year: 2015

G2 Rating: 4.4/5 (239 Reviews)

Pricing: Checkout the free trial option

 

Drive business impact with your internal mobility decisions powered by iMocha Skills intelligence.

 

 

2. ActivTrak

activtrak-1ActivTrak is workforce analytics software-as-a-service that analyzes digital work activity data to provide insights for improving how employees work, whether in the office or remotely. Here’s a breakdown of its features:

  • Understand work habits and identify potential obstacles to success.
  • View organization-wide productivity trends for agile decision-making.
  • Improve technology usage and workflows to optimize efficiencies.
  • Share weekly work insights with managers and employees to guide progress and growth.
  • Safeguard data privacy and security of customers and employees.

Founding Year: 2009

G2 Rating: 4.4/5 (247 reviews)

Pricing: NA

 

3. Board

board-1Board is a workforce analytics platform for advanced HR data analysis, employee segmentation, data forecasting, and human resource metrics deployment. It helps you gain greater visibility of key value drivers in human capital management and extract insights from raw data to maximize workforce effectiveness. Here are some of its key features:

  • Utilize Board’s data modeling features to segment any human resources dataset based on your preferred drivers and dimensions.
  • Use data mining to extract business insights and detect behavioral and productivity patterns within each human resource segment.
  • Utilize quantitative and business modeling to map skills and competencies, create talent profiles, analyze compensation for benchmarking, and assess the risk of underpaying employees.
  • Use statistical functions and predictive analytics in a machine learning environment to forecast human resources variables like headcount, retention, churn rates, upward progression rate, and HR expenditure.
  • Automate human capital management processes and calculate key indicators such as cost per hire, turnover rate, tenure, satisfaction, training, absence rate, performance goals met, total cost per employee, and revenue per employee.

Founding Year: 1944

G2 Rating: 4.4/5 (290 reviews)

Pricing: NA

 

4. we360.ai

we360we360.ai is a user-friendly workforce analytics system for HR that helps you stay updated on all activities and tasks from any device. Our insights inspire better performance and foster a positive employee-HR relationship.

  • Easily track employee presence with a one-click punch-in. Manage attendance, shifts, and leaves with our automated system, providing present, absent, and leave details.
  • Monitor employee engagement by analyzing work patterns, including key presses, mouse clicks, and movements.
  • Track individual and team productivity by using work-related productivity labels. Measure employee productivity by assessing the relevance of their tasks during working hours.
  • We360.ai offers over 100 comprehensive reports to track and reward employee performance. These reports cover everything from attendance and activity to productivity, providing a detailed timeline of employee performance.

Founding Year: 2020

G2 Rating: 4.6/5 (113 reviews)

Pricing: NA

 

Empower your Talent Management initiatives with iMocha Skills Intelligence.

 

 

5. Humanforce

humanforceHumanforce provides a complete Human Capital Management (HCM) suite designed specifically for frontline and flexible workforces. The suite includes a workforce analytics solution, which offers quick insights and detailed workforce management capabilities to help businesses effectively manage their diverse workforces.

  • With personalized dashboards, you can focus on essential business data. These include costs and sales budgets, Payroll success, Employee engagement, qualifications, and more.
  • Anticipate challenges, stay ahead of the game, and identify trends and gaps to simplify workforce management and prevent future issues.
  • Effortlessly create compelling reports and transform complex data into visually compelling charts and graphs to effectively convey information.

Founding Year: 2002

G2 Rating: 4.7/5 (22 reviews)

Pricing: NA

 

6. Workday

workday-3Workday is a cloud-based platform that provides a unified solution for managing human resources, payroll, talent, and workforce planning. It provides workforce analytics and transactions in the same secure system you use to capture your people data. You can see what’s happening and act immediately. Here’s some of its key features:

  • Use Workday Prism Analytics to combine and analyze data from all sources, including Workday, for comprehensive insights into your workforce's skills, well-being, and location.
  • Our augmented analytics application quickly identifies trends and uncovers key metrics and their drivers, helping you stay ahead of the curve.
  • Compare your performance with peers to identify strengths and areas for improvement using Workday Benchmarking.

Founding Year: 2005

G2 Rating: 4.0/5 (1,311 reviews)

Pricing: NA

 

7. Hubstaff

hubstaffHubstaff’s Workforce analytics software uses employee metrics and management strategies to optimize HR. Hubstaff offers advanced data collection and productivity monitoring for improved scheduling and overall outputs. Here are some of its key features:

  • Track time, bill clients, and send invoices directly from Hubstaff. Automatically send payments to employees or freelancers based on hours worked during each pay period.
  • Hubstaff’s scheduling tool lets you create employee schedules and improve your team's experience. Easily assign team members to shifts and receive automatic alerts for late, missed, and abandoned shifts.
  • Create custom projects to organize your team's efforts. Add team members, assign tasks, and designate a team lead to manage and oversee each project.
  • Customize daily and weekly limits, set time and budget limits, and enable alerts for specific projects and team members. Establish work break policies and initiatives to improve work-life balance.

Founding Year: 2012

G2 Rating: 4.3/5 (560 reviews)

Pricing: NA

 

8. Rippling

ripplingRippling is the workforce management platform that unifies HR, IT, finance, and more. Its workforce analytics platform centralizes HR data for insights into talent management. It creates custom reports and dashboards, revealing trends in skills, demographics, and performance for informed decision-making on talent and workforce optimization. Here’s a breakdown of its major features:

  • Consolidate your data. Rippling can centralize all employee data from various systems, including HR, IT, Finance, and third-party systems, into one platform.
  • It simplifies reconciling employees' identities across systems and merging their data, allowing you to handle complex queries easily without requiring SQL, Excel, or analysts.
  • You can view your data your way with Rippling. Visualize, filter, drill down, aggregate, group, and more to get the exact data you need in the exact way you want to see it.

Founding Year: 2016

G2 Rating: 4.8/5 (2,341 reviews)

Pricing: NA

 

Proactively address skill gaps before they impact your business with iMocha Skills Intelligence.

 

 

9. WorkForce Software

workforce-softwareWorkForce Software is complete workforce analytics software. It provides workforce analytics for faster, more accurate decisions and unmatched visibility into labor activities across the enterprise. Here are some of its major features:

  • The WorkForce Suite offers diverse and flexible reporting options to help you maintain your competitive edge using your unique qualities as a market differentiator.
  • It allows you to monitor, compare, and assess data across your employee population, locations, and divisions to discover best practices and speed up adoption.
  • It offers the Insights API, a versatile data feed solution for comprehensive data-driven decision-making across your organization.
  • Understand your workforce's performance with measurable labor metrics.

Founding Year: 1999

G2 Rating: 4.1/5 (31 reviews)

Pricing: NA

 

10. Insightful

insightfulInsightful is workforce analytics platform that provides practical insights for informed decision-making about your team and processes, promoting productivity and efficiency. Here are some of its major features:

  • Understand and support your team's productivity with in-depth insights. Measure productivity, increase focus time, spot trends, and prevent burnout.
  • Unify your team across locations and enable remote work flexibility without compromising productivity. Gain insights into employee performance, monitor activity, and capture time and attendance remotely.
  • Automate your team’s time and attendance for better visibility into their work hours and simplified shift scheduling. Easily sort, schedule, and export attendance data for payroll.
  • Maximize efficiency by analyzing processes and tasks to improve workflow. Track project and task time, pinpoint bottlenecks and use time data to optimize resource management.
  • Understand how your team uses technology to optimize your tools and prevent unnecessary costs by identifying and managing software usage.

Founding Year: 2015

G2 Rating: 4.7/5 (187 reviews)

Pricing: NA

 

11. Workstatus

workstatusWorkstatus is a workforce analytics platform that provides data-driven insights for smarter decisions, covering project performance, team productivity, time tracking, and resource optimization. Here are some of its key features:

  • Effortlessly monitor work hours, track tasks, and optimize workflows with Workstatus' user-friendly time and activity tracking tools to boost efficiency.
  • Workstatus productivity monitoring feature offers real-time performance insights to help you identify strengths, address challenges, and boost your workforce's productivity.
  • It offers comprehensive project management capabilities to streamline collaboration, task allocation, and progress tracking for flawless project execution from start to finish.
  • Its AI-powered reports provide actionable insights to enhance decision-making and drive business success.

Founding Year: 2004

G2 Rating: 4.7/5 (9 reviews)

Pricing: NA

 

12. Workforce Next

worforcenextWorkforce Next is a type of workforce analytics solution that helps businesses collect, analyze, and visualize data about their employees. Here are some of its major features:

  • Workforce analytics software gathers data from employee timesheets, computer activity logs, and surveys.
  • It utilizes statistical methods including regression analysis, clustering, and text mining for data analysis.
  • It visualizes data using charts, graphs, and dashboards and generates reports that summarize the data analysis.
  • It can also send alerts when employees spend too much time on social media.

Founding Year: 2020

G2 Rating: NA

Pricing: NA

 

13. UKG

ukgUKG’s People Analytics is a workforce analytics platform that helps you collect, analyze, and interpret data about your people and organization to make more informed decisions about talent management, performance, engagement, and more. Here are some of its main features:

  • UKG's all-in-one platform helps you seamlessly manage all your people processes in one place, so you can make critical decisions confidently.
  • Its intelligent reporting and analytics tools offer transparency and valuable insights into key business areas, helping to avoid issues such as burnout, unfair scheduling, and compliance violations.
  • It provides comprehensive organization-wide data reports, including culture data like pay equity, employee burnout, and retention. It also delivers timely information with guidance on how to move forward based on proven practices, enabling you to make a data-driven, positive impact.

Founding Year: 1977

G2 Rating: 4.2/5 (1,494 reviews)

Pricing: NA

 

14. Tambla

tamblaTambla is an HR software company that offers intelligent workforce solutions. Their Tambla Insights is a workforce analytics tool for real-time workforce management intelligence. Its intuitive dashboard gives you access to critical trends and patterns, revolutionizing your approach to workforce analytics. Here’s a breakdown of some of its key features:

  • Tambla Insights provides essential workforce management analytics through web-based dashboards tailored for executives, operational managers, and leaders.
  • It helps businesses display critical metrics in an interactive format, eliminating the need for multiple reports. This enables quick action to address key issues, minimize risks, cut costs, and maintain compliance.
  • It also offers flexible data integration through standard or custom analytics displays. It integrates external data sources to provide insights aligned with operational measures, aiding in understanding relationships between schedules, visitors, revenue numbers, and other critical areas.
  • It provides real-time and customized operational data views for in-depth analysis of workforce performance and strategic decision-making.

Founding Year: 1972

G2 Rating: NA

Pricing: NA

 

Conclusion

Workforce analytics software empowers you to transform data into actionable insights, building a high-performing and future-proof team. iMocha Skills Intelligence Cloud stands out as the preferred solution – it goes beyond basic metrics to focus on the true value of your workforce: their skills. With iMocha, you unlock a world of possibilities, from identifying hidden talent and optimizing internal mobility to bridging critical skill gaps and developing your people for success.

 

Improve your talent management decision-making with Skills Intelligence. Discover how iMocha can help.

 

 

FAQs

What is Workforce analytics software?

It helps companies analyze employee data to improve things like productivity, retention, and decision-making.

 

Who uses workforce analytics software?

Workforce analytics software not to be mistaken with workforce management software is a valuable tool for anyone involved in managing people, from HR professionals and talent acquisition specialists to business leaders and department heads. It empowers them to make data-driven decisions about their workforce.

 

How does workforce analytics software help an organization?

It provides insights into employee performance, skills gaps, and overall workforce trends. This helps companies identify areas for improvement, optimize training and development, make smarter hiring decisions, and boost productivity.

 

What is the difference between workforce analytics and people analytics?

Workforce analytics focuses on employee data, while people analytics considers the broader employee experience, including sentiment, engagement, and well-being.

 

Aaditya Mandloi
Aaditya Mandloi
Part-time poet turned content writer, Aaditya has helped businesses cut through the digital noise with clear, compelling content. At the moment he is writing the next chapter of workforce transformation with iMocha. When he's not writing, he enjoys conquering virtual dungeons with his gaming crew.
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