Global HR Software Market Research and Forecast, 2019-2025
Global HR software market size, share & trends analysis report by software type (learning management, benefits and claim management, payroll and compensation management, personnel management) by deployment model (cloud and on-premises)
HR software is an integrated system employed to analyze, store, and respond to various information available of any organization's human resources. These integrated software programs coordinate with various operations such as recruitment of new employees, salary hikes, employee training, performance management and succession planning, among others. Apart from this, software automatically updates and control the data stored in the software application.
HR software is employed to optimize and simplify HR management in smart ways. This software saves labor time by HR and management staffs, mainly through automation. Additionally, it helps to make better decisions regarding various HR processes such as budget management, decision making and better planning. There are various types of HR software such as payroll software, performance software, and so on are available in market, which are employed to perform variety of HR tasks. Some solutions are comprehensive and encompassing all other functions of HR tasks. While some solutions are flexible, which could do multiple tasks such as keeping the log of office timings, attendance tracking, managing database, and so on.
HR software has many applications and new trends. Few of the frequently used ways are flattened organizational hierarchies, data driven strategic recruiting, remote connectivity, fetching continuous feedback, transparency in operation and so on. The increased rate of adoption of cloud-based technologies, is leading to its employment for various purposes such as employee assessment, workforce management analysis and so on. This software is being employed extensively by both government and industries, which is propelling the market further. Additionally, there is a rise in demand for succession planning and performance management software, which is evidently propelling the market growth. HR software includes HRIS (human resource information system), HRMS (human resource management system), HCM (human capital management), ATS (application tracking system) and payroll software.
There are various new trends that are being followed in the global HR software market. The recent trends include talent management and strategic HRD; electronic, mobile and social learning; performance consulting; performance and career management; evaluation of training; diversity training and employment training. The software could help to make many processes much easier such as recruitment when compared to traditional methods. When huge number of candidates are required, manual selections could be difficult, whereas, by using the software, the processes such as keeping exact count of events becomes much more precise and accurate.
1. Global HR Software Market by Software Type
· Learning Management
· Benefits and Claim Management
· Payroll and Compensation Management
· Personnel Management
· Others (Compliance Management, Succession Management, and Pension Management)
2. Global HR Software Market by Deployment Model
3. Global HR Software Market by End-Use
· IT Industry
· Transportation & Logistics
· Others (Consumer Goods & Retail)
· North America (US and Canada)
· Europe (UK, Germany, France, Spain, and Italy)
· Asia-Pacific (China, India, and Japan)
· Rest of the World
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