Software as a Service (SaaS) based human resource management (HRM) refers to the human resource software operated in cloud computing environment. SaaS-based HRM applications enables to manage and control aspects of human resource activities to maintain all employees’ data from joining to retirement. In addition, SaaS-based HRM applications include human resource activities such as application tracking, directory management, electronic forms processing, time & attendance management, and others such as leave management, and payroll management. SaaS-based HRM applications enables to enhance the productivity of human resource staff by offering self-service web interfaces. Moreover, SaaS-based HRM allows organization to access and manage their employee information effectively on a real time basis. Many software development companies and vendors are emphasizing on enhancement of SaaS-based HRM applications by integrating value added functionalities such as workforce analytics, human resource compliance management tools, and other features such as process design control.
Get Sample Copy:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=16580
The global SaaS-based HRM market is predominantly driven by the increasing demand for cost saving solutions in HRM. The market demand is also supported by the growing importance for the deployment of employee-centric systems to enhance the human resource activities. Furthermore, the increasing workforce globalization is anticipated to supplement the large-scale adoption of SaaS-based HRM application by small and large enterprises worldwide. The growing demand for enhanced architectures for recruiting and talent functions is leading to the increasing implementations of SaaS-based HRM models such as employee verification, employment application processing, and employee benefit administration. Presently, internet connectivity is an essential requirement for SaaS-based HRM, as without internet accessibility it is challenging to operate the SaaS-based HRM application. In addition, security of employees information is a major concern in SaaS-based HRM application as the data is stored on cloud platform and vulnerable to the cyber intrusion. All these factors related to connectivity and data security are expected to restrain the growth of SaaS-based HRM market during the forecast period. The increasing automation and cost savings in human resource activities across the organizations are anticipated to provide prominent opportunities for SaaS-based HRM market in the long-term.
Global SaaS-based HRM market is categorized by enterprise size, by solution, by industry, and by geography. By enterprise size, SaaS-based HRM market has been classified into small and middle enterprise, and large enterprises. Based on solution, SaaS-based HRM market is classified into time & attendance management, absence management, HR & payroll, integrated solutions, and others (scheduling, hiring). By industry, SaaS-based HRM market is segmented into IT and telecom, manufacturing, healthcare, banking, financial services & insurance (BFSI), and others (government, logistics, etc.). On the basis of geography, SaaS-based HRM market is divided into Europe, North America, Asia Pacific, South America and Middle East & Africa. The use of SaaS-based HRM software across North America and Europe is increasing primarily due to growing organizations preferences towards the automation and cost reduction in human resource activities. In addition, SaaS-based HRM market is anticipated to witness prominent growth due to rising emphasize on implementation of employee-centric systems in human resource activities across Asia Pacific and Middle East & Africa.
Grab an exclusive PDF Brochure of this report:
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=16580
The major players in global SaaS-based HRM market include Talentsoft SA, Cezanne HR Ltd., CloudPay, Inc., Oracle Corporation, Benrekia.com, SAP SE, Kronos, Inc., Ceridian HCM, Inc., ADP, LLC, Ascentis Corporation, and The Ultimate Software Group, Inc.
Read TMR Research Methodology @:
https://www.transparencymarketresearch.com/methodology.html
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
Read Our Latest Press Release:
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad-hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
Contact
Transparency Market Research State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States
USA – Canada Toll Free: 866-552-3453
Email: [email protected]
