(Wireless-NewsWire.Com, December 06, 2018 ) Workforce management (WFM) is an integrated set of processes that an institution uses to optimize the productivity of its employees on the individual, departmental, and entity-wide levels. In a corporation, organization, or government entity, WFM involves matching employee skills to specific tasks over time, quantifying the amount and types of labor needed to accomplish particular jobs on a day-to-day or hour-to-hour basis. Workforce management (WFM) software is an umbrella term for desktop and mobile programs that help a business manage staff scheduling. The term originated in contact centers and other service businesses that employ a large number of workers who are paid on an hourly basis.
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Good productivity is the key to the success of any organization. Enterprises are striving hard to enhance the productivity of their employees, reduce costs and improve the business process efficiency. They are increasingly adopting solutions which help them to achieve this goal. The workforce management software includes features like payroll and benefits, HR administration, employee self-services, time and attendance, performance management, forecasting and scheduling, labor budgeting, workforce tracking, and others. The increasing use of workforce analytics to drive workforce productivity and develop strategies for WFM in organizations is driving the workforce analytics market. Companies have been giving high importance to optimize workforce outcome, thereby increasing the demand for performance management and workforce analytics solution.
The "Global Workforce Management Software Market Analysis to 2025" is a specialized and in-depth study of the workforce management software industry with a focus on the global market trend. The report aims to provide an overview of global workforce management software market with detailed market segmentation by deployment type, solution, industry verticals and geography. The global workforce management software market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global workforce management software market based on deployment type, solution, and industry verticals. It also provides market size and forecast till 2025 for overall workforce management software market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 16 counties globally along with current trend and opportunities prevailing in the region.
Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors affecting the market in these regions.
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Also, key workforce management software market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years.
Some of the key players influencing the market are JDA Software Group, Inc., Oracle, SAP AG, KRONOS, ADP LLC, WorkForce Software Group INC., Nice Systems Ltd., Reflexis Systems, Inc., Ultimate Software and Huntington Business Systems, Inc. among others.
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