TOP HUMAN RESOURCE SOFTWARE VENDORS – BY 360 QUADRANTS - PowerPoint PPT Presentation

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TOP HUMAN RESOURCE SOFTWARE VENDORS – BY 360 QUADRANTS

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175 companies offering Human Resource Software were analyzed and categorized on a quadrant under Visionary Leaders, Innovators, Dynamic Differentiators, and Emerging Leaders. – PowerPoint PPT presentation

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Title: TOP HUMAN RESOURCE SOFTWARE VENDORS – BY 360 QUADRANTS


1
TOP HUMAN RESOURCE SOFTWARE VENDORS BY 360
QUADRANTS Human Resource Software optimizes all
the tasks performed by HR department in the
organization. This enables HR team to focus on
other important tasks by improving their
productivity and reducing manual work. The major
use of HR software is in employee recruitment
process. The software stores all the employee
related important data into single platform which
can easily accessed by the recruitment team and
saves their time. Employee On boarding and
performance evaluations tasks are also optimized
using Human resource software. Since this
software can be deployed on cloud or on-premise
and also be integrated with any existing
processes, it is highly implemented in multiple
organizations. Human Resource Software Quadrant
Highlights 175 companies offering Human Resource
Software were analyzed and categorized on a
quadrant under Visionary Leaders, Innovators,
Dynamic Differentiators, and Emerging
Leaders. Paylocity, Workforce Now, Workday,
UltriPro, Paycom, BambooHR, Oracle PeopleSoft,
Odoo, and SAP SuccessFactors have been
identified as visionary leaders as they have
established product portfolios and a robust
market presence and business strategy. Kronos
Workforce Ready, Oorwin, and Adepto have been
identified as innovators as they have focused
product portfolios, but a mediocre business
strategy. Cascade HR, Ceipal Workforce, Virtuo
and Workable have been identified as emerging
companies as they have a niche product offering
but poor business strategy. Quikchex, ADP Vantage
HCM, Brightspark, Zoho People, iManage and Keka
have been recognized as dynamic differentiators
as they have an innovative portfolio of solutions
and services. The 360Quadrants platform provides
the most granular Human Resource Software
comparison between vendors. 360Quadrants
conducts an in-depth SWOT analysis and accurately
analyses the companies considered for
evaluation. This helps service providers in
learning about new opportunities and areas where
they lag behind their peers. It also helps
clients in choosing the most appropriate vendor
for their requirements.
Human Resource Software is trending in market.
Many organizations are getting it implemented for
easing the process of human resource operations.
Best Human Resource Software enables
organizations to manage employee data along with
their attendance, payroll management efficiently.
HR personnel has responsibilities of many tasks
which need to manage lot of documents. With the
help of this software organizations can optimize
these tasks and reduce manual work.
2
  • Top Human Resource Software comes with multiple
    beneficial features which can help organizations.
    By optimizing the human resource process the
    software increases organizational efficiency and
    productivity. Below is the list of features of
    software that proves helpful
  • Employee Information Management- This software
    comes with complete employee database that
    contains all the important information of
    employees right from their joining details till
    their behavior in organization. It also ensures
    that entire data is linked to the universal
    organization record, so that it becomes easy to
    track and spool reports.
  • Recruitment Hiring- The software eases the
    process of recruitment and makes sure that all
    the required information is handy. It takes care
    of entire employee lifecycle and optimizes the
    hiring process.
  • Talent Management- Understanding if employee is
    talented or not is a challenging task. The
    software evaluates employees even post interview
    is done. It tracks employee performance, their
    satisfaction level and many such characters.
  • Benefits Management- This is one of the key task
    of HR department. This software very well
    manages benefits administration, health
    insurance, retirement plans, and other
    compensations offered by the organizations.
  • Financial Management- Financial management
    includes tasks like payroll, compensation,
    rewards, salary hikes and many more. HR software
    simplifies this financial planning by optimizing
    such tasks.
  • Time Attendance Management- It manages staffing
    timings of the employees. Also makes entry when
    employee is on leave like maternity or disability
    or any other type of absentee.
  • Learning Professional Development- HR software
    also provides a universal platform where
    multiple trainings and educational videos can be
    uploaded that can benefit employees. It can also
    track the variety of certificates that employees
    receive by completing desired courses and reduce
    manual work.
  • Accounting- Accounting in HR department includes
    tasks like financial planning, managing budgets
    and invoices. The software can accurately
    calculate the detailed budgets without any
    errors and reduces the chances of any manual
    mistakes.
  • Employee Self-Service- This feature of software
    reduces burden of clerical work from HR dept. It
    enables employees to edit data themselves and
    also has restrictions for certain important data.
    So it adds to data security as well.

3
  • Best Human Resource Software Vendors
  • ADP Workflow
  • Paylocity
  • Kronos Workforce Central
  • Workday HCM
  • UltiPro
  • Paycom
  • People HR
  • BambooHR
  • Ceridian Dayforce

4
  • example Zoho comes with a HR software Zoho
    People where users can select monthly plan
    ranging upto 4.16/employee/month. It also
    offers free plan. Human Resource Software reviews
    that are available on multiple websites make it
    easy to understand which vendor is offering best
    HR software along with affordable HR software
    pricing.
  • Trends in Human Resource Software 2020
  • Looking at the impact that Human Resource
    Software has created on business, the growth in
    this market is predictable. Organizations need
    daily technical advancements in such software
    which will help them to automate many of its
    tasks and reduce manual work by boosting its
    productivity. Lets see few trends in Human
    Resource Software
  • Artificial Intelligence Machine Learning in HR
    software
  • Virtual Workspace Technology
  • People Analytics
  • Real-time Feedbacks
  • HR Cloud
  • Integration with fitness apps
  • Accurate Performance Assessment
  • 360 Scoring Methodology
  • Best HR Software will be rated using the
    following methodology -
  • A highly experienced team of researchers and
    senior analysts conduct extensive research to
    generate a list of vendors (competitors).
  • A patent-pending algorithm is used to collect
    inputs from key stakeholdersindustry experts,
    buyers, vendors, and 360Quadrants analystsbased
    on criteria for Product Maturity and Company
    Maturity.
  • Criteria under Product Maturity include breadth
    and depth of product/service offering, product
    features and functionalities, product
    differentiation, and their impact on customer
    value.
  • Criteria under Company Maturity include
    geographical footprint, partner ecosystem,
    financial stability, and client coverage or
    sector footprint.

5
  • Approximately 20 in-depth parameters will be
    considered for research for the Human Resource
    Software market. These parameters will be updated
    every 6 months to ensure latest developments are
    taken into consideration.
  • A weight is assigned to each stakeholder based on
    information gathered pertaining to the above
    criteria as well as inputs from stakeholders.
    These inputs follow the order of priority given
    below
  • Buyers
  • Industry Experts
  • 360Quadrants Analysts
  • Vendors (Competitors)
  • The inputs are analyzed, and a final rating is
    assigned to each vendor (competitor).
  • After the finalization of ratings, each vendor is
    placed in the most relevant quadrant based on
    their score.

About 360Quadrants 360Quadrants is the largest
marketplace looking to disrupt US 6.3 trillion
of technology spends and is the only rating
platform for vendors in the technology space. The
platform provides users access to unbiased
information that helps them make qualified
business decisions. The platform facilitates
deeper insight using direct engagement with 650
industry experts and analysts and allows buyers
to discuss their requirements with 7500 vendors.
Companies get to win ideal new customers,
customize their quadrants, decide key
parameters, and position themselves strategically
in a niche space, to be consumed by giants and
start-ups alike. Experts get to grow their brand
and increase their thought leadership. The
platform targets the building of a social network
that links industry experts with companies
worldwide. The platform has around 400 total
buyers across various markets. 360Quadrants will
also be launching quadrants in fields like Access
Control Software, Cloud computing Software and
Machine Vision Solutions.
Contact Mr. Agney Sugla agney_at_marketsandmarkets.
com 630 Dundee Road, Suite 430 Northbrook, IL
60062 USA 1-888-600-6441
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