|[October 09, 2017]|
Global procurement market intelligence advisory firm, SpendEdge,
has announced the release of their ‘ HR
Software Procurement Research Report.’ The insights and data in
this report provide an in-depth strategic analysis of the supply
markets, factors influencing purchasing decisions, procurement best
practices, pricing models, supplier landscape, and an analysis of the
supplier capability matrix for the IT
industry. This report breaks down the data and analysis behind
the procurement of HR software and acts as an all-inclusive guide for
making smart purchasing decisions.
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Global HR Software Procurement Market Intelligence Report (Graphic: Business Wire)
“Organizations are increasingly focusing on efficient HR management
by enabling growth and innovation within the companies by acquiring the
best of talent and increasing the efficiency of the existing employees,”
says SpendEdge procurement research analyst Bhuvaneshwari Udayakumar.
“This is making firms seek and experiment with new techniques such as
gamification and digital HR to stay ahead of the curve,” added
Key Report Features
Supply Market Insights
Procurement Best Practices
Category Risk Analysis
Cost Saving Opportunities
Key Supplier Analysis
Supplier Capability Matrix
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insights that focus on cost-saving aspects of procurement and
optimization of category spend.
The global HR software market is evolving continuously, and this is
fueled by mobile applications, analytics, team-centric management, and
video enabling features as they enhance the software capabilities. The
rise in focus on online recruitment using social media and need to
improve employee skills through various learning and development
initiatives undertaken as part of the performance management is
driving the category spend.
Purchasing managers must procure solutions that act as business tools
and focus on the fundamental duties and help in achieving them and not
as a technological decision. Also, they must clearly define their
business need that they expect the software solutions to meet and not
the features they require from the software.
The effectiveness of HR software solution in the organization is
dependent on the level of acceptance, and capacity utilization
employees derive out of it. Furthermore, if the employees are
reluctant in using the features of the software or are incompetent in
utilizing it; the purpose gets defeated.
This report is available at a discount for a limited time only: View
the report snapshot before purchasing
HR Software Pricing Trends
The subscription-based is the most-widely adopted pricing model in the
HR software market. This pricing model is ideal for organizations with
budgetary constraints as they do not have large upfront cost. Moreover,
it offers the flexibility of purchase and usage as per requirement with
pay per employee per month and pay per user per month options.
However, freemium pricing is more effective and has a higher potential
compared to the subscription-based pricing model. It requires no upfront
payment, thus facilitates better capital allocation in the organization.
Purchasing managers get in hand experience of the service offering
before they decide to invest for the premium service.
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execution efficiency, and fast-track time to savings.
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