Documents
Resources
Learning Center
Upload
Plans & pricing Sign in
Sign Out

Global SaaS-based HRM Market 2009 2013

VIEWS: 39 PAGES: 22

SaaS (Software-as-a-Service)-based HRM (Human Resource Management) comprises Human Capital Management (HCM), recruitment automation, and workforce management deployments, subscribed as a web-based service. As opposed to implementation of a HRM software, it provides an online environment for the employee management. The tough economic conditions have compelled the enterprises to introduce many cost cutting measures. However, enterprises prefer adopting HRM technology solutions (for better efficiency) to laying off employees. This is because lay off leads to a decrease in employee motivation, slowdown of new product roll outs, increase in attrition of talented employees, as well as deteriorated customer service levels. The SaaS-based HRM streamlines operations by increasing focus on profit generating activities and managing employees efficiently for improved productivity. Further, SaaS-based HRM provides a flexible, low-cost business model to enable its customers focus more on their core business, without worrying about support administrative functions. Additionally, the SaaS-based service eliminates the need for time consuming patches and updates in the HRM software. Till recently, the SaaS-based HRM market had witnessed small or medium-sized businesses as customers for On-demand, while the big organizations have been reluctant to adopt the SaaS-based HRM services. These big companies were of the opinion that hosted or On-demand applications may not suit the complex business processes of their company or provide vertical functionality. However, the trend is changing with a number of companies (irrespective of the size of their businesses) finding more opportunities through SaaS deployments. The tough economic conditions have resulted in the growth of the SaaS-based HRM market. The companies that are challenged in their HRM IT capabilities due to lack of budget for infrastructure and staff can have HRM capabilities through SaaS-based HRM. In addition, shift fr

More Info
									Global SaaS-based HRM Market

         2009-2013
                                                                          Global SaaS-based HRM Market




                                            Table of Contents
1. Introduction...........................................................................................................3
2. Market Size and Forecast.........................................................................................4
3. Geographic Segmentation........................................................................................5
   Market Size in Americas..........................................................................................6
   Market Size in EMEA...............................................................................................7
   Market Size in APAC...............................................................................................8
4. Market Trends in SaaS-based HRM ...........................................................................9
5. Market Drivers in SaaS-based HRM ........................................................................11
6. Market Challenges in SaaS-based HRM ...................................................................13
7. Vendors...............................................................................................................15
8. Related Reports in this Series.................................................................................21



                                              List of Exhibits
Exhibit 2.1: SaaS-based HRM Market Size & Forecast 2009-2013 (In $million)...................4
Exhibit 3.1: Geographic Segmentation 2009..................................................................5
Exhibit 3.2: SaaS-based HRM Market Size in Americas 2009-2013 (in $million).................6
Exhibit 3.3: SaaS-based HRM Market Size in EMEA 2009-2013 (in $million)......................7
Exhibit 3.4: SaaS-based HRM Market Size in APAC 2009-2013 (in $million).......................8




TechNavio Insights – Book your Analyst Hour

To become a member of TechNavioTM and enjoy the many benefits of its membership, which include
one free hour of an analyst’s time for your queries on this report, please visit:
http://www.technavio.com/user/register




                                                                                                                        2
                                                        Global SaaS-based HRM Market




1. Introduction

SaaS (Software-as-a-Service)-based HRM (Human Resource Management) comprises
Human Capital Management (HCM), recruitment automation, and workforce management
deployments, subscribed as web-based service. As opposed to implementation of a HRM
software, it provides an online environment for the employee management.


The SaaS-based HRM provides web-based services that include managing transactional
system (such as payroll, personnel, benefits, and compliance). It also supports strategic
processes or applications (including recruitment, performance, compensation, and learning).
Furthermore, it automates recruitment (hiring, compliance, talent management, etc) and
manages workforce (including attendance, time-sheet, scheduling, etc).

The tough economic conditions have compelled the enterprises to introduce many cost
cutting measures. However, enterprises prefer adopting HRM technology solutions (for
better efficiency) to laying off employees. This is because lay off leads to a decrease in
employee motivation, slowdown of new product roll outs, increase in attrition of talented
employees, as well as deteriorated customer service levels. The SaaS-based HRM
streamlines operations by increasing focus on profit generating activities and managing
employees efficiently for improved productivity. Further, SaaS-based HRM provides a
flexible, low-cost business model to enable its customers focus more on their core
business, and not worrying about support administrative functions. Additionally, the SaaS-
based service eliminates the need for time consuming patches and updates in the HRM
software.

Initially, the small & medium enterprises (specially the ones who were undergoing a credit
crunch) have been opting for SaaS-based HRM as a cost effective alternative (such as
making installment based payments). However, at present, the big companies have also
started taking an interest in these services.

There are certain challenges existing in the adoption of SaaS-based services. Issues such
as convincing customers about the benefits of the SaaS model, handling integration, user-
interface & security issues, etc., need to be addressed by the vendors.

This report highlights the scope of the SaaS-based HRM market, along with trends, drivers,
growth inhibitors and a few major vendors in the market.




                                                                                        3
                                                             Global SaaS-based HRM Market




2. Market Size and Forecast
Accordi
								
To top