DUBLIN, May 19, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/xpwnm7/global_workforce) has announced the addition of the "Global Workforce Management Software Market in Retail Industry 2015-2019" report to their offering.
The analysts forecast the global WFM software market in the retail industry to grow at a CAGR of 5.61% over the period 2014-2019.The deployment of cloud-based WFM solutions is cost-effective compared to on-premise options. Vendors provide cloud solutions on a pay-per-use basis, which is beneficial for SMEs. In addition, cloud-based solutions save the costs associated with installation and upgrades of WFM software. They also come with easy-to-use and self-explanatory apps and interfaces. There is a huge demand for cloud-based solutions, forcing WFM software vendors to develop them.
According to the report, WFM software supports the growth of an organization by streamlining business processes and improving operational efficiency. WFM software helps SMEs to increase their revenue, improve workforce utilization, and reduce the cost of acquiring and managing their workforce. With the availability of effective WFM software, SMEs can help their sales, marketing, and support staff to function as a team and manage store activities, eliminating excessive manual processes.
Further, the report states that high implementation cost is a challenge that affects the market growth.
Workforce management encompasses the following activities:
- Time, attendance, and leave management
- HR administration
- Performance management
- Budgeting of workforce
- Talent management
- Activity management
- Training and development
To calculate the market size, the report considers the revenue generated through the following.
- Issues of software licenses and subscriptions
- Software implementation cost
- Technical support
- Maintenance cost and professional services
- Reflexis Systems
Other Prominent Vendors
- ATOSS Software
- Ceridian HCM Holding
- Infor Global Solutions
- Primion Technology
- Vortex Connect
For more information visit http://www.researchandmarkets.com/research/xpwnm7/global_workforce
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SOURCE Research and Markets