10 Best HR Reporting Tools to Make Data-Informed Decisions in 2023

Are you tired of sifting through piles of HR data to make informed decisions for your company? Look no further – we’ve compiled a list of the best HR reporting tools that will streamline your data analysis process and help you make data-informed decisions with ease.

Whether you’re looking to track employee performance, analyze employee turnover rates, or measure workforce diversity, having the right HR reporting tools can make all the difference. In this article, we will explore the top HR reporting tools available in the market, and how they can empower HR professionals to make data-informed decisions that enhance organizational performance and employee engagement. 

Let’s go!

What are HR reporting tools?

HR reporting tools are software applications or systems that are designed to collect and analyze data within an organization. These tools allow HR professionals to generate reports and analyze trends and patterns in areas such as employee attendance, performance evaluations, turnover rates, recruitment efforts, and training programs.

What are the key features of HR reporting platforms?

The key features of HR reporting platforms include the ability to generate comprehensive reports and analytics on various HR metrics, such as employee turnover, recruitment effectiveness, training and development, and performance management. These platforms also often provide customizable dashboards and data visualization tools to present the information in a clear and concise manner. 

What are the benefits of HR analytics software?

HR reporting tools provide valuable and actionable insights and metrics that help organizations make informed decisions about their workforce and optimize their HR strategies. They can also help identify areas for improvement and track progress toward HR goals and objectives. Overall, HR reporting tools streamline HR processes, improve data accuracy, and enable data-driven decision-making in organizations.

10 Best HR Reporting Tools to Make Data-Informed Decisions in 2023

In today’s data-driven world, HR professionals are constantly challenged to make strategic decisions based on accurate and up-to-date information. However, manually collecting and analyzing HR data can be time-consuming and prone to errors. That’s where HR reporting tools come in – they automate the data collection and analysis process, allowing HR professionals to focus on making informed decisions that drive organizational success.

Let’s take a closer look at our best HR reporting tools:

1) Deel – Best for Custom HR Reports

Deel’s HR reporting feature is a useful tool for businesses to efficiently manage and analyze their human resources data. This feature allows HR professionals to generate custom reports on various aspects of their workforce, such as employee demographics, performance metrics, training and development, and compensation.

The reports offer valuable information about the company’s HR practices, helping with the identification of areas for improvement and informing decision-making based on data. With Deel’s HR reporting feature, businesses can streamline their HR processes and optimize their workforce management strategies.

Pros and Cons

Pros

✅ Helps identify patterns and trends in employee data, enabling proactive measures to improve employee engagement and retention

✅ Assists in identifying skill gaps and training needs, facilitating targeted development initiatives for employees

Cons

❎ Relies heavily on accurate and up-to-date data, so organizations must ensure proper data management and integration processes

❎ Learning curve for HR professionals and managers to effectively utilize and interpret the analytics tool

Pricing

• Employer of Record (EOR): Starting at $599/month
• Contractors: Starting at $49/month
• Global Payroll: Consult the sales team for detailed pricing
• Deel HR: Free
• Immigration: Contact the sales team for detailed pricing

2) Paychex – Best for Collecting Employee Performance Data

Unlock the full potential of your HR department with Paychex‘s HR analytics feature, and gain invaluable insights and make data-driven decisions that will revolutionize your business! This feature enables businesses to gather and analyze data regarding their employees, including metrics on performance, records of attendance, and compensation data.

By using HR analytics, businesses can analyze data to identify trends, areas for improvement, and make informed decisions to optimize their workforce. This feature can improve businesses by increasing employee satisfaction, streamlining processes, and driving overall success.

Pros and Cons

Pros

✅ Monitoring and benchmarking key HR metrics.

✅ Provides a comprehensive view of employee performance and productivity

Cons

❎ Pricing

❎ May not provide customized or industry-specific analytics

Pricing

• You need to contact Paychex to get custom pricing that fits your needs and number of employees.

3) Rippling – Best for Real-Time Data Updates

Rippling‘s HR reporting feature allows companies to generate comprehensive reports on various HR metrics, such as employee attendance, performance, turnover rates, and more. With this information at their fingertips, HR managers can gain valuable insights into their workforce and make data-driven decisions to improve employee engagement, productivity, and overall company performance. Additionally, Rippling’s HR reporting feature offers customizable dashboards and real-time updates, making it easier for businesses to monitor and manage their HR processes efficiently. 

Pros and Cons

Pros

✅ Provides real-time, comprehensive analytics and insights

✅ Customizable dashboards and reports for HR professionals

Cons

❎ Users may require training to fully utilize all the features and functionalities of the tool

❎ Data security and privacy concerns

Pricing

Rippling does not offer pre-packaged solutions but instead assists in identifying the necessary solutions for your business and provides a personalized quote. Their plans start at a minimum of $8 per month per user.

4) BambooHR – Best for Tracking Employee Attendance

BambooHR‘s HR reporting feature is a game-changing tool that empowers businesses to effortlessly conquer the complex world of human resources data and unlock the secrets to success. With this feature, users can generate comprehensive reports and insights on various HR metrics such as employee demographics, performance evaluations, time and attendance, and more.

With the power of data, HR professionals can unleash their potential to make informed decisions, uncover hidden gems for growth, and pave the way toward organizational triumph. BambooHR’s HR reporting feature is a game-changer! Say goodbye to long and tedious reporting processes and hello to valuable information at your fingertips! It’s time-saving, effort-saving, and supports all your strategic HR initiatives.

Pros and Cons

Pros

✅ Easy to use and navigate

✅ Customizable dashboards and reports

Cons

❎ Requires initial setup and configuration

❎ May not fully integrate with other HR systems

Pricing

• Unfortunately, BambooHR does not offer transparent pricing on its website. You have to get a pricing quote to make a decision between “Essentials” and “Advantage” plans.

5) Bambee – Best for Managing Employee Engagement

Bambee‘s HR analytics feature helps businesses effectively track and analyze various HR metrics such as employee turnover, absenteeism, performance, and engagement levels. By leveraging this data, companies can make informed decisions and develop effective strategies to improve their HR processes and overall organizational performance. If you’re struggling with optimizing your workforce management and employee satisfaction, Bambee might be the perfect fit for you! 

Pros and Cons

Pros

✅ Ensures compliance with legal and regulatory requirements

✅ Provides customizable reports to cater to the specific needs and requirements of different businesses

Cons

❎ Pricing may be a disadvantage for small businesses.

❎ There might be a need to invest time and resources in training employees to effectively use the tool.

Pricing

• Bambee has one of the best pricing options as it allows you to purchase the software to make your first hire. Pricing is based on the number of employees you have. Here are all the pricing plans:
  • 0 employee: $99/month and no setup fee.
  • 1-4 employees: $299/month with a one time $500 setup fee.
  • 5-19 employees: $399/month with a one time $500 setup fee.
  • 20-49 employees: $699/month with a one time $1,500 setup fee.
  • 50-99 employees: $1,299/month with a one time $2,000 setup fee.
  • 100-149 employees: $2,499/month with a one time $2,500 setup fee.
  • 150-249 employees: $3,699/month with a one time $3,500 setup fee.
  • 250+ employees: Contact Bambee for custom pricing.

6) ADP Workforce Now – Best for Ensuring Compliance

ADP Workforce Now‘s HR reporting feature is an essential tool for businesses, allowing HR professionals to generate detailed reports on various aspects of their workforce, such as employee demographics, compensation and benefits, performance evaluations, and training and development.

These reports offer valuable insights for strategic decision-making, assisting businesses in identifying trends, making informed decisions, and ensuring compliance with labor laws and regulations. Maximize your business’s potential with ADP Workforce Now’s HR reporting feature! No more spending hours with monotonous HR tasks!

Pros and Cons

Pros

✅ Provides a centralized platform for HR reporting

✅ Has built-in compliance features

Cons

❎ Might have a learning curve for users who are not familiar with the software

❎ It is a subscription-based service, which means it incurs ongoing costs for businesses.

Pricing

While ADP Workforce Now offers packaged solutions, namely Select, Plus, and Premium, you need to provide additional details, such as your affiliation with ADP, services you’re interested in, company info, etc., to get a custom quote.

7) Oyster – Best for Tracking Employee Turnover Rates

Oyster‘s HR analytics feature is a valuable tool for businesses looking to gain insights and make a wide range of data-driven decisions about their human resources. This feature enables companies to analyze and track different HR metrics, including employee performance, engagement, turnover rates, and diversity. This feature helps HR professionals improve strategies and make the workplace more productive and efficient. Tap into the potential of Oyster’s HR analytics and unlock a wealth of invaluable insights! 

Pros and Cons

Pros

✅ Assists in measuring and improving employee engagement, productivity, and performance

✅ Allows for better tracking and analysis of key HR metrics, such as turnover rate, absenteeism, and training effectiveness

Cons

❎ May require significant time and resources for initial setup

❎ Concerns regarding data privacy and security

Pricing

• Contractor: Starts at $29/month per contractor
• Employee: Starts at $499/month per employee if billed annually
• Scale: Contact Oyster HR for custom pricing

8) OnPay – Best for Identifying Employee Engagement Trends

OnPay‘s HR analytics feature streamlines the way businesses analyze and track employee data. Do you need a single platform for employee management, employee attendance, performance, and engagement to make more informed decisions and improve overall HR practices? With OnPay’s HR analytics feature, you can do these and more! Easily identify trends, spot areas for improvement, and make data-driven decisions to optimize their HR strategies!

Pros and Cons

Pros

✅ Customizable reports

✅ User-friendly and easy to navigate, making it accessible for users of all technical backgrounds

Cons

❎ Limited implementation and integration

❎ May require additional customization and paid add-ons

Pricing

• In addition to free setup, OnPay offers $40/month as base price plus $6 per month per person.

9) Gusto – Best for Managing Payroll

Gusto‘s HR reporting feature allows companies to track and analyze data related to employee performance, attendance, payroll, and other HR functions. Gusto’s HR reporting feature is like a secret treasure chest filled with mind-blowing reports and visualizations. It’s a game-changer that empowers businesses to confidently make data-driven decisions and transform their HR strategies into something extraordinary.

This game-changing feature is a must-have for businesses striving to revolutionize their HR processes and unlock the power of data-driven decision-making for their workforce.

Pros and Cons

Pros

✅ Allows for better planning and forecasting of HR needs and resources

✅ Enhances HR efficiency by automating data collection, analysis, and reporting processes

Cons

❎ Requires a learning curve and training for HR staff

❎ A possible need for additional investment in technology infrastructure to support the tool’s functionalities

Pricing

• $40/month plus $6/month per person

10) HiBob – Best for Creating Custom Dashboards

With the help of HiBob‘s HR analytics tool, businesses can identify areas for improvement, streamline processes, and optimize their HR strategies. It provides comprehensive and customizable reports, visualizations, and dashboards, making it easier for businesses to understand and interpret their HR data. It’s a great option if you want to increase the efficiency of your system and boost employee productivity!

Pros and Cons

Pros

✅ Provides actionable recommendations to improve employee engagement and productivity

✅ Helps HR teams monitor and track key HR metrics and KPIs

Cons

❎ May require additional training for HR professionals

❎ The cost of the tool and associated licensing fees may be a significant investment.

Pricing

• You can get detailed pricing information by submitting your business email and comments via a form.

Frequently Asked Questions

What is the HR reporting structure?

The HR reporting structure refers to the hierarchical system in an organization that outlines the lines of authority and communication within the human resources department. It typically starts with the HR director or head, who oversees the entire HR function and reports directly to the CEO or another top-level executive. The reporting structure may vary depending on the size and complexity of the organization, but ultimately, it is designed to ensure effective coordination and management of HR activities and responsibilities.

How to do HR reporting?

To do HR reporting, you need to first identify the key HR metrics that are relevant to your organization’s goals and objectives. Once you have the data, you can use reporting tools or software to analyze and visualize the data, creating reports and dashboards that provide insights into HR performance and trends. It is important to regularly review and update your HR reporting process to ensure it remains aligned with the evolving needs of your organization.

What is an HR analytical tool?

An HR analytical tool is a software or program that allows HR professionals to collect, analyze, and interpret data related to their workforce. These tools use various algorithms and statistical models to provide insights and predictions about employee performance, engagement, turnover rates, and overall organizational effectiveness.