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The HR Data Analysis & People Reporting Software market is experiencing robust growth, driven by the increasing need for data-driven decision-making in human resource management. Businesses are increasingly recognizing the value of leveraging employee data to optimize workforce planning, improve recruitment strategies, enhance employee engagement, and ultimately boost overall productivity and profitability. The market's expansion is fueled by several key trends, including the rising adoption of cloud-based solutions offering scalability and cost-effectiveness, the increasing sophistication of analytics capabilities allowing for deeper insights into workforce dynamics, and the growing demand for real-time reporting and dashboards providing immediate access to critical HR metrics. Segmentation reveals a strong presence across various industries, with healthcare, financial services, and manufacturing sectors leading the adoption. However, challenges remain, primarily related to data security and privacy concerns, the complexities of integrating disparate HR systems, and the need for skilled professionals to interpret and utilize the generated insights effectively. The competitive landscape is highly dynamic, featuring both established enterprise software providers and emerging niche players, leading to innovation and a wide range of solutions catering to diverse business needs and sizes. The market's projected CAGR suggests sustained expansion throughout the forecast period (2025-2033). While precise figures are unavailable, a reasonable estimation, considering the strong growth drivers and prevalent market trends, suggests a significant market size expansion. The dominance of North America and Europe is expected to continue, although regions like Asia-Pacific are showing substantial growth potential fueled by rapid digitalization and increasing investment in HR technology. The ongoing development of AI-powered analytics and the integration of HR data with other business intelligence platforms will further shape the market's evolution, pushing towards more predictive and proactive HR strategies. The on-premises segment might gradually decrease while the cloud-based segment continues its rapid expansion due to its flexibility and accessibility. This shift emphasizes the market's ongoing transition to agile, data-driven HR practices.
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The HR data analytics and people reporting software market is poised for robust growth over the next decade, driven by the increasing need for organizations to leverage data to improve decision-making and enhance employee engagement. With a market size of XXX million in 2025, the market is projected to grow at a CAGR of XX% during the forecast period 2025-2033, reaching a value of XXX million by 2033. Factors such as the adoption of cloud-based solutions, the rise of remote work, and the growing focus on employee well-being are propelling market expansion. Key market trends include the increasing adoption of cloud-based solutions, as organizations seek to reduce infrastructure costs and enhance data accessibility. The growth of remote work has also driven demand for solutions that enable effective remote collaboration and performance management. Furthermore, the growing emphasis on employee well-being is leading to increased investment in analytics and reporting tools that provide insights into employee satisfaction, engagement, and retention. Regional analysis reveals that North America and Europe hold significant market shares, while Asia Pacific and the Middle East & Africa are expected to experience substantial growth in the coming years. Major industry players such as Visier, Workday, and Dayforce are continuously innovating and expanding their offerings to meet the evolving needs of organizations.
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This is a fictional data set
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According to Cognitive Market Research, the global HR Analytics market size will be USD 2.07 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 14.2% from 2024 to 2031. Market Dynamics of HR Analytics Market
Key Drivers for HR Analytics Market
Increasing importance of data-driven decision- One of the main reasons for the HR Analytics market rise of digital platforms and IoT devices, HR departments have access to diverse data sources, including employee performance metrics, engagement levels, and even sentiment analysis from social media. This wealth of data allows for more nuanced and accurate workforce planning, personalized employee experiences, and proactive risk management. Harnessing big data analytics enables HR professionals to identify trends, anticipate future challenges, and optimize strategies to align with organizational goals effectively.
Streamlining HR processes through advanced technology solutions is anticipated to drive the HR Analytics market's expansion in the years ahead.
Key Restraints for HR Analytics Market
The HR Analytics business is seriously threatened by restrictions on data use and sharing.
Gaps in skills Insufficient knowledge hinders efficiency. The application of HR analytics affects market expansion.
Introduction of the HR Analytics Market
HR Analytics also referred to the increasing demand for data-driven decision-making in human resources, has propelled organizations to adopt analytics to understand workforce dynamics better, optimize recruitment processes, and enhance employee engagement and retention strategies. Secondly, advancements in technology, particularly in artificial intelligence and machine learning, have enabled more sophisticated analysis of HR data, allowing for predictive analytics that can forecast trends and behaviors. Additionally, the growing availability and affordability of cloud-based HR analytics solutions have democratized access to these tools, making them accessible to organizations of all sizes. Moreover, regulatory pressures and the need for compliance with labor laws and ethical standards have also pushed organizations towards implementing robust analytics frameworks to ensure fairness and equity in HR practices. Collectively, these factors underscore the pivotal role of HR analytics in shaping the future of work and organizational performance.
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The global HR analytics market size is projected to experience robust growth, with its valuation expected to surge from USD 2.5 billion in 2023 to approximately USD 6.7 billion by 2032, reflecting a compound annual growth rate (CAGR) of 11.4%. The primary growth factors driving this market include the increasing adoption of data-driven decision-making processes within organizations, the need for efficient workforce management, and the proliferation of advanced analytics tools.
One of the significant growth factors for the HR analytics market is the rising importance of data-driven decision-making in human resources. Companies are increasingly recognizing the value of leveraging data to make informed decisions regarding recruitment, employee engagement, retention strategies, and overall workforce management. By utilizing advanced analytics tools, organizations can gain deeper insights into employee performance, predict turnover, and optimize talent acquisition processes. As a result, the demand for HR analytics solutions is expected to witness substantial growth in the coming years.
Another crucial factor contributing to the market's growth is the need for efficient workforce management. With the ever-evolving business landscape and the emergence of remote and hybrid work models, organizations are facing new challenges in managing their workforce effectively. HR analytics solutions offer a comprehensive view of workforce performance, enabling companies to identify skill gaps, monitor employee productivity, and implement targeted training programs. This, in turn, enhances overall organizational efficiency and drives the adoption of HR analytics solutions across various industries.
Furthermore, the proliferation of advanced analytics tools and technologies is fueling the growth of the HR analytics market. The integration of artificial intelligence (AI), machine learning (ML), and big data analytics has revolutionized the way HR functions are performed. These technologies enable real-time data analysis, predictive modeling, and anomaly detection, empowering HR professionals to make proactive decisions and optimize HR processes. As organizations continue to invest in digital transformation initiatives, the demand for HR analytics solutions is expected to rise significantly.
From a regional outlook, North America dominates the HR analytics market, owing to the presence of major technology players and the early adoption of advanced HR solutions. However, the Asia Pacific region is anticipated to witness the highest growth rate during the forecast period. This can be attributed to the increasing digitalization efforts, growing awareness about the benefits of HR analytics, and the rapid expansion of multinational companies in the region. Europe, Latin America, and the Middle East & Africa are also expected to experience steady growth in the HR analytics market, driven by the need for efficient workforce management and data-driven decision-making.
The HR analytics market by component is segmented into software and services. The software segment encompasses various analytics platforms and tools designed to collect, analyze, and interpret HR data. These software solutions offer functionalities such as workforce planning, talent management, and predictive analytics. The increasing demand for comprehensive HR software solutions is driven by the need for enhanced data accuracy, real-time insights, and streamlined HR processes. Companies are increasingly investing in software solutions to gain a competitive edge in managing their human capital effectively.
Within the software segment, there is a growing trend towards the adoption of cloud-based HR analytics solutions. Cloud-based software offers several advantages, including cost-effectiveness, scalability, and accessibility from anywhere at any time. As organizations move towards cloud-first strategies, the demand for cloud-based HR analytics software is expected to witness significant growth. Moreover, the integration of AI and ML capabilities in these solutions further enhances their analytical capabilities, enabling organizations to derive actionable insights from vast amounts of HR data.
On the other hand, the services segment includes consulting, implementation, and support services provided by HR analytics solution providers. Consulting services play a crucial role in helping organizations identify their specific HR analytics needs, develop customized solutions, and implement best practices. Implementation services ensure the
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Analysis of ‘HR Data for Analytics’ provided by Analyst-2 (analyst-2.ai), based on source dataset retrieved from https://www.kaggle.com/jacksonchou/hr-data-for-analytics on 12 November 2021.
--- Dataset description provided by original source is as follows ---
This is dataset is for HR analytics, the user who previously submitted this deleted the public dataset. The dataset contains employee profiles of a large company, where each record is an employee.
--- Original source retains full ownership of the source dataset ---
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The HR Analytics Market size was valued at USD 3.28 billion in 2023 and is projected to reach USD 8.62 billion by 2032, exhibiting a CAGR of 14.8 % during the forecasts period. HR analytics involves the application of data analysis and metrics to human resources processes and strategies. By leveraging data from various HR functions, such as recruitment, performance evaluation, and employee engagement, organizations can gain valuable insights. These insights help in making informed decisions related to workforce planning, talent management, and employee retention. HR analytics enables businesses to identify trends, predict future outcomes, and optimize HR practices to align with organizational goals. It empowers HR professionals to not only streamline operations but also enhance overall employee satisfaction and productivity through data-driven strategies and interventions. Recent developments include: In June 2023, Cegid, a leader in cloud-based management solutions announced the availability of its Digitalrecruiters, a multi-site solution for managing recruitment in the Canada region. This will further accelerate the recruitment process for the companies . , In June 2023, Visier launched Smart Compensation, a product used to simplify the complex compensation planning process. This product will further redefine the pay process and provide data driven insights to the people managers. , In June 2023, Visier introduced Vee, a powerful AI-based digital assistant. It transforms simple query into visier’s query language and provides data-driven insights to the managers related to its workforce. , In June 2023, Workday Inc. announced the expansion of its strategic partnership with Samsung SDS. This partnership will provide a simple and unified Human Capital Management (HCM) experience for local HR professionals. , In June 2023, Oracle introduced generative AI capabilities in its Oracle Fusion Cloud Human Management (HCM). It will provide improved productivity, enhanced candidate and employee experience, and streamline all the HR processes. , In June 2023, UKG signed an agreement to acquire Immedis, a leading global payroll provider. This partnership will transform and simplify multi-country payroll experiences for the businesses in the U.S. and Canada by providing a unified global view of its payrolls around the world. , In May 2023, IBM introduced IBM Watson Orchestrate, a cloud-based solution that helps companies empower its employees to upgrade their routine tasks. It continuously monitors and guides the employees with a new set of skills keeping behind the repetitive tasks and ultimately improving productivity. , In May 2023,UKG, announced that Mike Morse Law Firm is transforming its employee experience with the UKG Ready HCM package. This will ensure high operational excellence and advancements in its diversity and inclusion policy. .
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The global People HR Analytics Software market size was valued at approximately USD 2.5 billion in 2023 and is projected to reach USD 10.8 billion by 2032, growing at a robust CAGR of 17.5% during the forecast period. This impressive growth can be attributed to several factors, including the increasing adoption of data-driven decision-making processes within human resource departments, the integration of advanced analytics technologies, and the rising need for efficient workforce management solutions.
Key growth drivers of the People HR Analytics Software market include the escalating demand for data analytics in human resource operations, which enables organizations to effectively manage their workforce and optimize HR outcomes. The adoption of advanced analytics helps organizations to gain deeper insights into employee performance, engagement, and retention, which in turn leads to improved productivity and reduced turnover rates. Additionally, the growing emphasis on employee experience and well-being is compelling organizations to invest in sophisticated HR analytics tools that can provide actionable insights for enhancing employee satisfaction and engagement.
Another significant growth factor is the increasing prevalence of remote and hybrid work models, which has amplified the need for HR analytics solutions that can monitor and manage dispersed workforces. The COVID-19 pandemic has accelerated the adoption of remote working, highlighting the importance of digital tools for workforce management. HR analytics software provides organizations with the capabilities to track employee performance, engagement levels, and productivity, irrespective of their physical location. This shift towards remote working is expected to sustain the demand for HR analytics solutions in the long run.
Moreover, the integration of artificial intelligence (AI) and machine learning (ML) technologies into HR analytics software is driving market growth. These advanced technologies enable predictive analytics, which assists HR professionals in forecasting workforce trends, identifying potential issues, and making proactive decisions. For instance, AI can help in identifying patterns related to employee attrition, allowing organizations to take preemptive actions to retain top talent. Similarly, ML algorithms can analyze large volumes of HR data to uncover insights that can inform talent acquisition, workforce planning, and employee development strategies.
From a regional perspective, North America holds a significant share of the People HR Analytics Software market, driven by the high adoption rate of advanced technologies and the presence of major market players in the region. The region's robust economic environment and emphasis on workforce optimization further contribute to its market dominance. However, Asia Pacific is expected to emerge as the fastest-growing region during the forecast period, fueled by the increasing digital transformation initiatives and the rising adoption of HR analytics solutions by enterprises of all sizes in countries like China, India, and Japan.
The People HR Analytics Software market is segmented by component into software and services. The software segment dominates the market, driven by the increasing demand for comprehensive HR analytics solutions that offer various functionalities such as talent management, performance tracking, and employee engagement. These software solutions are designed to integrate with existing HR systems, providing a seamless experience for HR professionals to manage and analyze employee data. The continuous advancements in software capabilities, such as the incorporation of AI and ML, are further enhancing the value proposition of HR analytics software.
On the other hand, the services segment, which includes implementation, consulting, and support services, is also witnessing substantial growth. As organizations adopt HR analytics software, there is a growing need for professional services to ensure successful implementation and integration with existing systems. Consulting services are particularly in demand as organizations seek expert guidance on leveraging HR analytics to achieve strategic business objectives. Support services are equally important, providing ongoing assistance to ensure the smooth operation of HR analytics solutions and addressing any technical issues that may arise.
Another critical aspect of the component analysis is the role of cloud-based solutions within the software segment. Cloud-based HR an
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1) Data introduction • HR-analytics dataset is data for attempting predictive analytics to identify employees most likely to be promoted.
2) Data utilization (1)HR-analytics data has characteristics that: • Aims to predict whether a potential promotion candidate will be promoted after an evaluation process based on variables about an employee's performance such as region, department, and education. (2) HR-analytics data can be used to: • Talent Acquisition: Insights from data can improve the hiring process by identifying characteristics and patterns of successful hires and supporting better candidate selection. • Workforce Planning: By analyzing data, organizations can predict HR needs, optimize workforce allocation, and plan for future talent needs based on predictive insights.
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The HR analytics market is experiencing robust growth, driven by the increasing need for data-driven decision-making in human resource management. Let's assume, for illustrative purposes, a 2025 market size of $15 billion and a Compound Annual Growth Rate (CAGR) of 12% for the forecast period 2025-2033. This signifies a substantial expansion, projected to reach approximately $40 billion by 2033. This growth is fueled by several key factors, including the rising adoption of cloud-based HR solutions, the increasing availability of big data and advanced analytics tools, and a growing focus on improving employee engagement and productivity. Businesses are increasingly recognizing the value of leveraging HR data to optimize talent acquisition, improve employee retention, enhance performance management, and gain a competitive advantage in the talent market. The market is segmented by deployment mode (cloud, on-premise), by organization size (small, medium, large), and by function (talent acquisition, performance management, compensation & benefits, employee engagement). Key players like IBM, MicroStrategy, Oracle, SAP, Workday, and others are driving innovation within the sector, constantly developing sophisticated HR analytics platforms and services. However, challenges remain, including concerns around data security and privacy, the need for skilled professionals to interpret and utilize the data effectively, and the high initial investment required for implementing comprehensive HR analytics systems. Despite these restraints, the long-term outlook for the HR analytics market remains exceptionally positive, driven by the ongoing digital transformation within the HR function and the ever-increasing importance of data-driven insights for organizational success. The market's expansion reflects a fundamental shift towards proactive and strategic HR management, maximizing the value of human capital.
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Analysis of ‘HR Analytics: Job Change of Data Scientists’ provided by Analyst-2 (analyst-2.ai), based on source dataset retrieved from https://www.kaggle.com/arashnic/hr-analytics-job-change-of-data-scientists on 28 January 2022.
--- Dataset description provided by original source is as follows ---
A company which is active in Big Data and Data Science wants to hire data scientists among people who successfully pass some courses which conduct by the company. Many people signup for their training. Company wants to know which of these candidates are really wants to work for the company after training or looking for a new employment because it helps to reduce the cost and time as well as the quality of training or planning the courses and categorization of candidates. Information related to demographics, education, experience are in hands from candidates signup and enrollment.
This dataset designed to understand the factors that lead a person to leave current job for HR researches too. By model(s) that uses the current credentials,demographics,experience data you will predict the probability of a candidate to look for a new job or will work for the company, as well as interpreting affected factors on employee decision.
The whole data divided to train and test . Target isn't included in test but the test target values data file is in hands for related tasks. A sample submission correspond to enrollee_id of test set provided too with columns : enrollee _id , target
Note: - The dataset is imbalanced. - Most features are categorical (Nominal, Ordinal, Binary), some with high cardinality. - Missing imputation can be a part of your pipeline as well.
#
Features
#
- enrollee_id : Unique ID for candidate
city: City code
city_ development _index : Developement index of the city (scaled)
gender: Gender of candidate
relevent_experience: Relevant experience of candidate
enrolled_university: Type of University course enrolled if any
education_level: Education level of candidate
major_discipline :Education major discipline of candidate
experience: Candidate total experience in years
company_size: No of employees in current employer's company
company_type : Type of current employer
last_new_job: Difference in years between previous job and current job
training_hours: training hours completed
target: 0 – Not looking for job change, 1 – Looking for a job change
--- Original source retains full ownership of the source dataset ---
Example data set for making some analyses with HR data Data set is licensed by Kogan Page Ltd. Only for educational purposes, as it's an example data set Data is cleaned.
The data set has been uploaded mainly to analyse team-level turnover by country and predicting team turnover
1 Team identifier (unique team number).
2 Team size (number of people in the team).
3 Team turnover 2014 (separation rate between 0 and 1).
4 Country (1 = UK; 2 = United States; 3 = CANADA; 4 = SPAIN).
5 SURVEY: ENGAGEMENT items COMBO (composite engagement percentage across the team).
6 SURVEY: TeamLeader Rating (composite team leader percentage across the team).
7 SURVEY: CSR rating (composite corporate social responsibility percentage across the team).
8 SURVEY: Drive for Performance (composite percentage team score on perceived ‘Drive for performance’ percentage).
9 SURVEY: Performance, Development and Reward (composite percentage team score on perceived fairness of performance, development and reward across the team).
10 SURVEY: Work–Life Balance (composite percentage team score on perceived work–life balance across the team). 11 UK dummy variable (0 = not UK; 1 = UK).
12 USA dummy variable (0 = not United States; 1 = United States).
13 Canada dummy variable (0 = not Canada; 1 = Canada).
14 Spain dummy variable (0 = not Spain; 1 = Spain).
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People And HR Analytics Software Market size was valued at USD 3.08 Billion in 2024 and is projected to reach USD 7.75 Billion by 2032, growing at a CAGR of 13.50% from 2026 to 2032.
People And HR Analytics Software Market: Definition/ Overview
People & HR Analytics software enables businesses to enhance their human capital management strategies, increase employee engagement and productivity, reduce turnover, and ultimately drive company success. These technologies enable HR professionals and business leaders to make data-driven decisions in line with the organization's aims and objectives.
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The Workforce Analytics market is experiencing robust growth, fueled by the increasing need for organizations to optimize workforce performance, enhance employee engagement, and improve strategic decision-making. With a Compound Annual Growth Rate (CAGR) of 15.64% from 2019 to 2024, the market is projected to continue its upward trajectory, driven by factors such as the rising adoption of cloud-based solutions, the growing importance of data-driven insights in HR, and the increasing demand for talent optimization strategies. The market segmentation reveals a diverse landscape, with solutions encompassing talent acquisition, payroll, and performance monitoring; professional, managed, and cloud-based service delivery models; and a broad range of end-user industries including BFSI, manufacturing, IT & Telecom, healthcare, and retail. Large enterprises currently dominate the market share, but the increasing adoption of affordable and accessible solutions is driving growth amongst SMEs. Leading vendors like ADP, IBM, Oracle, and Workday are heavily invested in innovation and expansion, further contributing to the market's dynamic nature. The competitive landscape is characterized by both established players and emerging innovative companies. The market's future hinges on several key factors, including advancements in artificial intelligence (AI) and machine learning (ML) for predictive analytics, the integration of workforce analytics with other HR technologies, and the growing focus on data privacy and security. Addressing these factors will be crucial for sustained growth. Continued expansion into emerging economies and the increasing focus on improving employee experience through data-driven insights will also be major drivers shaping the future of this sector. The development of more sophisticated analytical tools capable of providing actionable insights will also play a significant role in shaping the market's future. Recent developments include: September 2022: ActivTrak partnered with Google Workspace to provide personal work insights that enable employees to improve their digital work habits and wellness. Customers can embed individual work metrics into their Google Workspace applications with ActivTrak for Google Workspace, giving employees immediate visibility to help them redesign their workday, protect focus time, and improve well-being., August 2022: ADP has launched Intelligent Self-Service, which assists employees with common issues before they need to contact their HR department for assistance. Based on an analysis of data from across ADP's ecosystem, the product employs predictive analytics and machine learning to predict which issues may arise.. Key drivers for this market are: Increasing Need to Make a Smarter a Decision About the Talent, Increasing Data in HR Departments related to Pay rolls, Recruitment. Potential restraints include: Increasing Need to Make a Smarter a Decision About the Talent, Increasing Data in HR Departments related to Pay rolls, Recruitment. Notable trends are: Performance Monitoring Offers Potential Growth.
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The HR analytics market, valued at $4.31 billion in 2025, is experiencing robust growth, projected to expand at a Compound Annual Growth Rate (CAGR) of 12.89% from 2025 to 2033. This surge is driven by several key factors. The increasing adoption of cloud-based HR solutions facilitates data accessibility and analysis, enabling organizations to make data-driven decisions regarding workforce planning, talent acquisition, and employee engagement. Furthermore, the growing need for improved employee experience and retention is pushing organizations to leverage HR analytics to understand employee sentiment, identify potential attrition risks, and implement targeted interventions. Automation in HR processes, coupled with advanced analytics capabilities, is streamlining operations and providing more accurate, insightful data, thereby contributing to the market's expansion. The demand for predictive analytics, enabling HR professionals to forecast future workforce needs and proactively address potential challenges, is also significantly bolstering growth. Segmentation reveals strong demand across various industries, with Telecom & IT, BFSI (Banking, Financial Services, and Insurance), and Consumer Goods & Retail sectors leading the adoption of HR analytics solutions and services. The market is witnessing a shift towards cloud-based deployment models due to their scalability, cost-effectiveness, and accessibility. The competitive landscape is characterized by a mix of established players like SAP, Oracle, and IBM, alongside specialized HR analytics vendors and emerging technology providers. These companies are continuously innovating to offer more comprehensive and integrated solutions, encompassing workforce planning, talent management, compensation and benefits analysis, performance management, and employee engagement tracking. Future growth will be fueled by increasing investment in artificial intelligence (AI) and machine learning (ML) within HR analytics, enabling advanced predictive modeling and automated insights. Regional analysis indicates strong growth across North America and Asia Pacific, driven by technological advancements and a growing awareness of the strategic value of data-driven HR decision-making. However, challenges remain, including data privacy concerns, the need for skilled HR professionals capable of interpreting complex data, and the integration of HR analytics with existing HR systems. Addressing these challenges will be key to unlocking the full potential of the HR analytics market. Recent developments include: June 2022: GainInsights, a global data and analytics firm announced it has signed an agreement with DataSwitch, an emerging AI/ML-driven Data Transformation Platform, to accelerate analytics modernization initiatives through data pipeline innovation and accelerators for migration., May 2022: Visier, people analytics and on-demand solution for people-powered businesses established a strategic agreement with Deloitte. By combining cutting-edge technology with world-class consulting, Deloitte and Visier can provide business clients with guidance and professional services support throughout their HR analytics journey.. Key drivers for this market are: Increase in Trends in Cloud-based Solutions, Increase in Workforce and Need for Reduction in Attrition Rate. Potential restraints include: Increase in Trends in Cloud-based Solutions, Increase in Workforce and Need for Reduction in Attrition Rate. Notable trends are: Telecom and IT Industry is Witnessing a Significant Share in the Market.
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Analysis of ‘Hr Analytics Job Prediction’ provided by Analyst-2 (analyst-2.ai), based on source dataset retrieved from https://www.kaggle.com/mfaisalqureshi/hr-analytics-and-job-prediction on 28 January 2022.
--- Dataset description provided by original source is as follows ---
Hr Data Analytics This dataset contains information about employees who worked in a company.
This dataset contains columns: Satisfactory Level, Number of Project, Average Monthly Hours, Time Spend Company, Promotion Last 5
Years, Department, Salary
You can download, copy and share this dataset for analysis and Predictions employees Behaviour.
Answer the following questions would be worthy 1- Do Exploratory Data analysis to figure out which variables have a direct and clear impact on employee retention (i.e. whether they leave the company or continue to work) 2- Plot bar charts showing the impact of employee salaries on retention 3- Plot bar charts showing a correlation between department and employee retention 4- Now build a logistic regression model using variables that were narrowed down in step 1 5- Measure the accuracy of the model
--- Original source retains full ownership of the source dataset ---
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Analysis of ‘HR Analytics: Employee Promotion Data’ provided by Analyst-2 (analyst-2.ai), based on source dataset retrieved from https://www.kaggle.com/arashnic/hr-ana on 28 January 2022.
--- Dataset description provided by original source is as follows ---
A large MNC have 9 broad verticals across the organisation. One of the problem is identifying the right people for promotion (only for manager position and below) and prepare them in time.
The final promotions are only announced after the evaluation and this leads to delay in transition to new roles. Hence, company needs help in identifying the eligible candidates at a particular checkpoint so that they can expedite the entire promotion cycle.
Multiple attributes have been provided around Employee's past and current performance along with demographics.
Features:
--- Original source retains full ownership of the source dataset ---
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The global HR analytics software market size was valued at approximately USD 2.5 billion in 2023 and is projected to reach USD 8.3 billion by 2032, growing at a robust CAGR of 14.2% from 2024 to 2032. This significant growth is fueled by the increasing need for data-driven decision-making in human resource management, which enhances productivity and operational efficiency. Technological advancements and the rising integration of AI and machine learning technologies in HR analytics software are also major contributors to market expansion.
One of the primary growth drivers for the HR analytics software market is the growing adoption of data analytics in decision-making processes within organizations. Businesses are increasingly recognizing the value of leveraging data to optimize their workforce, improve employee performance, and reduce turnover rates. HR analytics software provides valuable insights by analyzing vast amounts of employee data, enabling organizations to make informed decisions and align their HR strategies with business objectives. The rise of big data and advanced analytics tools have significantly enhanced the capabilities of HR analytics software, making it an indispensable tool for modern HR departments.
Another factor propelling the growth of the HR analytics software market is the increasing focus on enhancing employee experience and engagement. Organizations are now more than ever focused on creating a positive work environment to attract and retain top talent. HR analytics software allows companies to measure and analyze various aspects of employee engagement, such as job satisfaction, workplace culture, and employee morale. By gaining insights into these areas, organizations can implement targeted interventions to boost employee engagement, thereby improving overall productivity and reducing turnover rates.
The regulatory environment and compliance requirements are also playing a crucial role in driving the demand for HR analytics software. With governments and regulatory bodies worldwide imposing stringent regulations on labor practices, organizations are under pressure to ensure compliance with these laws. HR analytics software helps businesses track and manage compliance-related data, ensuring they adhere to all relevant regulations. This not only minimizes the risk of legal penalties but also promotes a fair and transparent work environment.
Regionally, North America is anticipated to hold the largest market share during the forecast period. The presence of major market players, coupled with the early adoption of advanced technologies, is driving the growth of the HR analytics software market in this region. The Asia-Pacific region, on the other hand, is expected to witness the highest growth rate, attributed to the rapid digital transformation and increasing adoption of HR analytics tools by emerging economies such as China and India. Europe's market is also growing steadily, supported by the strong emphasis on workforce analytics and data-driven HR practices across the region.
The HR analytics software market is segmented by components into software and services. The software segment encompasses various HR analytics tools and platforms that provide functionalities such as data collection, data analysis, and reporting. These tools help organizations make sense of vast amounts of employee data to derive actionable insights. The services segment, on the other hand, includes consulting, implementation, and support services that assist organizations in deploying and optimizing their HR analytics software.
The software segment holds the largest market share due to the increasing adoption of advanced analytics tools by organizations. Companies are investing significantly in HR analytics software to gain a competitive edge and optimize their workforce management processes. The growing integration of AI and machine learning technologies in HR analytics tools is further enhancing their capabilities, making them more efficient and user-friendly. The proliferation of cloud-based HR analytics software is also contributing to the growth of this segment, as it offers greater flexibility and scalability compared to on-premises solutions.
In the services segment, consulting services are in high demand as organizations seek expert advice on selecting the right HR analytics software and implementing it effectively. Implementation services are also crucial as they ensure the smooth deployment of HR analytics tools and their integration with existing syst
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The HR Analytics & Workforce Planning Software market is experiencing robust growth, driven by the increasing need for data-driven decision-making in human resource management. Organizations are increasingly recognizing the value of leveraging analytics to optimize workforce planning, improve recruitment strategies, enhance employee engagement, and reduce overall HR costs. The shift towards cloud-based solutions is a major trend, offering scalability, accessibility, and cost-effectiveness compared to on-premise systems. Small and Medium Enterprises (SMEs) are rapidly adopting these solutions to streamline HR processes and gain a competitive edge, while large enterprises are utilizing more sophisticated platforms to manage their complex workforce needs. Market growth is further fueled by advancements in artificial intelligence (AI) and machine learning (ML), enabling predictive analytics for workforce forecasting, talent acquisition, and performance management. While data security and integration challenges remain potential restraints, the overall market outlook is positive, projecting substantial growth over the next decade. The competitive landscape is characterized by a mix of established players like SAP and IBM, alongside agile startups offering specialized solutions. Geographic expansion, particularly in rapidly developing economies of Asia-Pacific, presents significant opportunities for market participants. The market's CAGR, while not explicitly stated, can be reasonably estimated based on industry trends for similar software segments. Considering the rapid technological advancements and increasing adoption, a conservative estimate would place the CAGR between 12% and 15% for the forecast period (2025-2033). This translates to a substantial increase in market value from an estimated $25 billion in 2025 to over $60 billion by 2033. North America and Europe currently hold the largest market shares, reflecting higher levels of technology adoption and digital maturity. However, the Asia-Pacific region is expected to witness the fastest growth, driven by economic expansion and increasing investments in HR technology. The continued focus on employee experience and the need for data-backed strategies will further propel the demand for HR Analytics & Workforce Planning Software, making it a compelling investment sector for both businesses and investors.
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The global People Analytics Platforms market is experiencing robust growth, driven by the increasing need for organizations across diverse sectors to leverage data-driven insights for improved workforce management. The market's expansion is fueled by several key factors, including the rising adoption of cloud-based solutions offering scalability and cost-effectiveness, the growing emphasis on employee experience and engagement, and the increasing demand for predictive analytics to optimize talent acquisition, retention, and performance. Significant advancements in artificial intelligence (AI) and machine learning (ML) are further enhancing the capabilities of these platforms, enabling more sophisticated analysis and personalized interventions. While the on-premises segment currently holds a considerable share, the cloud-based segment is projected to witness faster growth due to its inherent flexibility and accessibility. Key application areas include healthcare, financial services, and manufacturing, where the need for efficient workforce planning and optimized talent management is particularly acute. Competition is intense, with established players like Workday and SAP competing alongside innovative startups offering specialized solutions. The market's geographical distribution is relatively broad, with North America and Europe currently holding the largest shares, but significant growth potential exists in emerging markets in Asia-Pacific and the Middle East & Africa as organizations in these regions increasingly embrace data-driven HR strategies. The market's growth trajectory suggests a continued upward trend, although potential restraints exist. These include concerns around data privacy and security, the need for robust data integration capabilities, and the requirement for skilled professionals capable of interpreting and leveraging the insights generated by these platforms. Nevertheless, the ongoing digital transformation within organizations and the growing recognition of the strategic value of people analytics will likely overcome these challenges. The forecast period indicates a consistent, albeit potentially moderating, CAGR reflecting market maturation and the integration of people analytics into mainstream HR practices. This ongoing evolution underscores the importance of continued innovation within the sector, focusing on user-friendliness, enhanced analytics capabilities, and improved data security to maintain sustainable growth and widespread adoption.
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The HR Data Analysis & People Reporting Software market is experiencing robust growth, driven by the increasing need for data-driven decision-making in human resource management. Businesses are increasingly recognizing the value of leveraging employee data to optimize workforce planning, improve recruitment strategies, enhance employee engagement, and ultimately boost overall productivity and profitability. The market's expansion is fueled by several key trends, including the rising adoption of cloud-based solutions offering scalability and cost-effectiveness, the increasing sophistication of analytics capabilities allowing for deeper insights into workforce dynamics, and the growing demand for real-time reporting and dashboards providing immediate access to critical HR metrics. Segmentation reveals a strong presence across various industries, with healthcare, financial services, and manufacturing sectors leading the adoption. However, challenges remain, primarily related to data security and privacy concerns, the complexities of integrating disparate HR systems, and the need for skilled professionals to interpret and utilize the generated insights effectively. The competitive landscape is highly dynamic, featuring both established enterprise software providers and emerging niche players, leading to innovation and a wide range of solutions catering to diverse business needs and sizes. The market's projected CAGR suggests sustained expansion throughout the forecast period (2025-2033). While precise figures are unavailable, a reasonable estimation, considering the strong growth drivers and prevalent market trends, suggests a significant market size expansion. The dominance of North America and Europe is expected to continue, although regions like Asia-Pacific are showing substantial growth potential fueled by rapid digitalization and increasing investment in HR technology. The ongoing development of AI-powered analytics and the integration of HR data with other business intelligence platforms will further shape the market's evolution, pushing towards more predictive and proactive HR strategies. The on-premises segment might gradually decrease while the cloud-based segment continues its rapid expansion due to its flexibility and accessibility. This shift emphasizes the market's ongoing transition to agile, data-driven HR practices.