HR Analytics Template

by | Sep 20, 2024

Detailed Payroll Insights for Better Decision-Making

Searching for a comprehensive HR Analytics Template? This template, designed to integrate seamlessly with accounting software and Gusto, provides actionable payroll insights to help you make informed decisions and optimize human capital management.

What’s in the HR Analytics Template

This template provides a detailed analysis of key HR metrics, helping you assess organizational performance and human capital management. Accountants can utilize these insights for more informed reporting throughout the month or at the end of reporting periods. Key metrics included:

 

Recruitment, Payroll, and HR Metrics:

  • Employee Turnover Rate:
    Employee turnover reflects the rate at which employees leave and must be replaced. This metric includes voluntary (resignations, retirements) and involuntary (terminations, layoffs) departures and helps identify workforce stability.
  • Number of Employees:
    The total number of employees in the organization during the reporting period.
  • New Hires:
    Tracks the number of employees hired during the reporting period, offering insights into recruitment performance.
  • Total Hours Worked:
    This chart breaks down the total hours employees work during the reporting period, which assists in understanding labor utilization.
  • Total Labor Costs:
    This shows the total expenses related to employee compensation, including wages, benefits, and payroll taxes—vital information for managing payroll efficiently.

 

Key Recommendations:

  • Retention strategies to reduce turnover.
  • Streamlined recruitment to reduce time-to-fill positions.
  • Improved training programs for skills development.
  • Enhanced performance management systems to boost productivity and engagement.
  • Diversity and inclusion initiatives to strengthen organizational culture.

Completely Customizable and Reusable for Ultimate Efficiency

Our HR Analytics Template is fully customizable, empowering you to create any metric you need, no matter how unique to your organization. Whether it’s specific turnover rates, labor costs, or niche HR metrics, you can tailor the report to perfectly fit your needs. This flexibility gives you an edge by offering insights that align with your business strategy.

Every metric, report, or dashboard you build can be saved as a template and used repeatedly. With data automation, you can easily apply these templates across multiple clients or departments, saving time and reducing manual errors.

Build it once, and never worry about it again. Once you’ve created a report, it will update automatically with new data, ensuring you always have the most up-to-date information at your fingertips. This process streamlines reporting and enables you to make informed, data-driven decisions faster than ever.

 

Reach Reporting Features

Discover the powerful features that make Reach Reporting the ultimate tool for financial professionals. Each feature is designed to simplify your reporting, enhance decision-making, and save you time.

  • Consolidation Overview: Manage multiple entities with ease. Reach Reporting enables seamless financial consolidations, providing a clear and accurate overview of all your data.
  • Integrations and Automation: Automate data updates and integrations with your accounting software, eliminating manual entries and keeping your reports up to date in real time.
  • Customization: Tailor every report to your needs. Reach Reporting allows you to build reports that fit your unique requirements, from customizable dashboards to metrics and templates.
  • Data Storytelling: Turn numbers into a compelling story. Reach Reporting’s data storytelling feature allows you to create engaging reports that communicate key insights clearly and effectively.
  • Template Library: Access a robust library of templates for every type of financial report. Our library covers everything from cash flow to balance sheets, saving you time and effort.
  • 3-Way Budgeting and Forecasting: Plan for the future confidently using 3-way budgeting and forecasting tools, which integrate balance sheets, cash flow, and income statements for comprehensive planning.
  • Consolidations: Easily consolidate financial data from different entities or departments, providing a complete view of your organization’s financial health.
  • Client Portal: Share reports securely with clients through the client portal, enabling seamless collaboration and communication.
  • AI Financial Reporting: Leverage the power of AI to automate analysis and generate insights that help you stay ahead. Reach Reporting’s AI financial reporting ensures you can focus on decision-making, not manual tasks.

 

Download Sample HR Analytics Report PDF

Ready to streamline your HR and payroll reporting? Download your HR Analytics Template today and start making better decisions with data-driven insights.

Download Sample HR Analytics Report PDF

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