Workforce management is a set of processes that helps organizations to optimize the productivity of its employees on individual, departmental, and enterprise-wide levels. Workforce management matches employee skills to tasks and helps to estimate the number and type of workforce required to finish tasks on a daily or hourly basis. Workforce management software automates processes such as employee scheduling, time tracking, and attendance tracking. The software helps enterprises to streamline processes, enabling managers to spend more time to ensure that their operations run efficiently. Overstaffing or understaffing at any level can reduce the organization's profitability, overall productivity, frustrate its employees, and upset its clients and customers.
Technavio’s analysts forecast the global workforce management software market to grow at a CAGR of 8.49% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global workforce management software market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography: • Americas • APAC • EMEA
Technavio's report, Global Workforce Management Software Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Other prominent vendors • Ascentis • ATOSS Software • BambooHR • HR Bakery • iCIMS • Infor • JDA Software Group • NICE • PeopleFluent • Performly • Reflexis Systems • The Sage Group • Workday • Zoho Corporation
Market driver • Need for management of workforce diversity. • For a full, detailed list, view our report
Market challenge • High implementation and maintenance price. • For a full, detailed list, view our report
Market trend • Increasing popularity of advanced workforce analytics. • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2021 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space? • What are the market opportunities and threats faced by the key vendors? • What are the strengths and weaknesses of the key vendors?
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Methodology Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
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