Modern Workforce Index

Drive Performance with Data from an HR Analytics Dashboard

Now more than ever, automation and streamlining are imperative as HR teams re-build business processes in the new return-to-work environment. Paylocity’s Human Resources Information System platform automates core processes to drive efficiency so you can track utilization, cost savings and more. Leveraging data from more than 25,000 clients, our patent-pending Modern Workforce Index (MWI) puts sophisticated AI into an HR intelligence dashboard that gives your leaders insight into employee sentiment, performance metrics and engagement. With MWI, you can identify gaps and get smart, actionable recommendations on how to improve your organization's health by increasing employee productivity and reducing turnover.

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Easily Understand and Improve Engagement

Quantify Savings

Understand the time and cost savings you're realizing with Paylocity. Calculations are powered by Deloitte research.

 

Benchmark with Peers

Compare scores with companies like yours. Scores are benchmarked based on NAICS code and company size.

 

Measure and Maximize

Track utilization, employee sentiment, and organizational health. Optimize with personalized recommendations.

 

See Tangible Results

Companies with top-tier MWI scores are seeing 15-25% lower turnover rates, 24% higher headcount, and 70% increase in ROI.

 

Take Back Your Time with Modern Payroll Solutions

Download our ebook to learn how automation, data, and flexibility can be the keys to relieving your biggest payroll headaches.

Frequently Asked Questions

Employee dashboards offer a range of benefits for both employees and employers.

Employers can gain valuable insights into how their staffing affects critical areas such as productivity, customer satisfaction, and quality control as their business grows. Managers can leverage the power of HR analytics to monitor employee onboarding, streamline HR tasks, ensure compliance, and facilitate employee training. Meanwhile, employees can take advantage of a centralized platform to track their progress, manage their tasks, and easily request time off.

Here are some key elements that should be included in an HR analytics dashboard:

  • Key performance indicators (KPIs) such as employee turnover rate, time-to-hire, cost-per-hire, absenteeism rate, performance metrics, etc.
  • Data visualizations like graphs, charts, and tables, which can be used to quickly highlight patterns and trends in the data.
  • Customization of the data they want to see and how it is displayed, which can help to tailor the dashboard to specific business needs.
  • Drill-down capabilities so users can drill down into the data to see more detailed information, identify the root causes of issues, and make more informed decisions.
  • Real-time data that is updated automatically, so HR professionals can quickly respond to changes in the workforce.
  • Actionable insights that help HR professionals to make informed decisions.

The Modern Workforce Index uses proprietary AI to create a unified dashboard of how well you’re doing with step-by-step ways to improve engagement. See your overall score and compare your performance to peers — then, break down results across tool utilization, employee sentiment, and organizational health. 

Powered by new research from Deloitte, you can also quantify the value of time and cost savings to demonstrate impact and track progress as your score improves.