Top 5 People Analytics ToolsCATEGORY / education TAGS / people analytics, top 5, work Fractals LAB / Forma DATE / July 23, 2020
Traditionally, the lack of effective data collection has prevented managers from unlocking the full potential of their talent. Over the years, there’s been an evolution of analytics in the people function – from descriptive, diagnostic, predictive, or prescriptive, people analytics has helped draw actionable insights on several people and business challenges.
The benefits of data-driven people management include not only higher employee engagement and productivity, but also better hiring, enhanced company culture, and effective customer service.
But adoption of these advanced technology tools has been slow – partly because of the lack of leadership involvement, the need for specialized talent, and integration challenges with technologies.
However, with the shift towards a mostly remote working environment, today these challenges are finally being overcome. Companies that were earlier skeptical of adopting new technology, are now showing more openness towards experimenting with the view to help the HR function make the most of people analytics.
A people analytics software analyzes a company’s data such as those coming from communication and internal collaboration tools (email, calendar, chat…). It completes missing information and simulates scenarios using predictive algorithms. The algorithms photograph the metrics that highlight, for example, those who have a frequent exchange of messages with senior colleagues, those who communicate with a rapid and effective style, or those who are acquiring key information even when holding a not such important position within the network. This offers HR teams a snapshot of who can be valued even more, thus designing the future of the company.
Here are 5 people analytics tools worth knowing:
1. Glickon Glickon is an Italian People Analytics software that lets you collect all the information you need about your employees and use it to make useful decisions. By analyzing data coming from internal communication and collaboration tools, it helps you identify both high-potential employees (those who influence the organization regardless of their role, which normally have a greater number of relationships with senior colleagues and a faster and more effective communication style) and people at risk of abandonment: in fact, the tool is also capable of detecting stressed employees, based on the number of emails they sent outside of office hours or on the frequent interruptions during work, and it uses sentiment analysis to determine their grade of satisfaction.
2. Sense This software helps you automate, personalize and optimize your talent lifecycle. You can monitor satisfaction and engagement in real time through comprehensive reporting and analytics, and use smart filters to detect patterns in engagement data: this is extremely useful to detect problems and alert your team early on, so to avoid turnover.
Outmatch infuses predictive data into your current hiring and employee development processes. It combines studies and 30-year- expertise in behavioural science with AI to help you predict candidate fit, job success and career potential during the hiring process. Furthermore, it lets you capture employees’ perception of culture in real time, so to identify early signs of cultural breakdown (which affect motivation and productivity) and create a plan for strengthening alignment.
4. Visier Visier is a data aggregation service built to answer questions about the workforce, and it’s one of the most used people analytics tools right now. It has functionalities that use algorithms to predict exits, promotions, internal movement, and so on. It also enables you to understand what drives performance and productivity in your employees, and different other HR outcomes.
PAFOW stands for People Analytics & Future Of Work. It’s a Network of professionals promoting the ethical and responsible use of people data through a series of conferences, roadshows, videos, podcasts, and other media. They also have a free app that helps you connect and interact with people in your local community, as well as stay up to date on regional, national, and global events where you can learn about innovations and leading practices in the ever-expanding world of people data and analytics. Through the app you can also access proprietary content such as templates, job aides, frameworks – as well as receive conference and bootcamp discounts.
Have you spotted another interesting people analytics tool or do you want to know more about this disruptive workforce trend? Write us at firstname.lastname@example.org!