TriNet released Workforce Analytics, an HR reporting and analytics tool designed to provide SMBs with in-depth reporting and forecasting using data drawn from a single system.
Dilshad Simons, TriNet’s senior vice president of products, said access to HR data is particularly important in a tight labor market. She contends that Workforce Analytics is “leveling the playing field” for SMBs as they work to base more decisions on data. “We are committed to offering our customers the most innovative technology capabilities as part of our comprehensive industry tailored HR solutions,” she said..@TriNet says new #HR analytics tool will help SMBs with in-depth reporting and forecasting, using data drawn from a single system. #HRTech #SMB Click To Tweet
Dublin, Calif.-based TriNet said Workforce Analytics offers simple-to-use analytics tools that are customizable and scalable. Among other things, it allows users to drill down into data that can be used planning future staffing needs or predicting employee tenure based on attrition trends. Employers can refine their benefits offerings by analyzing which features are most popular with employees.
Among the module’s key features:
- Access to workforce data such as annualized compensation range, average employee tenure and benefits elections from a single dashboard.
- Integration with QuickBooks, NetSuite, Xero and Intacct.
- Ability to save custom, recently viewed and favorite reports to the dashboard.
- Ability to create custom reports with a drag-and-drop report builder.
- One-click assignment of user permissions.
Any TriNet user with the appropriate permissions can access Workforce Analytics, the company said.
In February, the company released a new mobile app to improve access to HR information for both employers and workers. While the app provides access to a range of nuts-and-bolts data, the company positioned it as a strategic tool that could “help businesses attract and retain key employees, while operating in a more effective and efficient manner.”
TriNet plans to release its second quarter financial results after trading closes on July 25. During the first quarter, the company reported a 9 percent revenue increase, to 934 million, and net income of $63 million, up from $54 million during the previous year’s period.
Sign up for our newsletter here.