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Global HR Software market 2009-2013
Infiniti Research Limited, July 2010, Pages: 20
The HR Software has undergone several significant changes over the last few years, resulting in a shift from static to dynamic integrated HR solutions. It is being viewed as an essential component in any strategic decision-making process, rather than just an aid to a recruitment process.
To support the rapid growth of workforce and ease the HR management procedures, many organizations are increasingly implementing HR software. Such a software increases efficiency in the recruitment process, enables simplified maintenance of the employee records, tracks career interests, and provides constant and valuable feedback regarding employee performance. It also helps HR and line managers automate routine tasks and processes of employees.
Presently, the HR Software market is witnessing integration of HR software systems with enterprise solutions such as ERP (Enterprise Resource Planning). This integration provides various modules such as talent management, performance management, etc., that results in reduced attrition rates and faster ROI (Return on Investments). Further, vendors are launching Saas based HR solutions, which are being aggressively adopted by organizations. The adoption of SaaS in HR simplifies the use of the technology and provides cost-effective solution as it eliminates the cost of implementing the entire HR Software package.
In the future, collaboration of Web 2.0 tools and related technologies with the HR Software appears as an important force of innovation in the HR Software market. Also, established vendors seek to provide a more comprehensive array of HR applications, leading to more acquisitions and vendor consolidations.
This report highlights the scope of the Global HR Software market 2009-2013, along with trends, drivers, growth inhibitors and a few major vendors in the market.
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