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(Wireless-NewsWire.Com, January 15, 2018 ) The global market is categorized on the basis of type, deployment type, verticals and region. Based on type, the market is bifurcated into two sections, viz., services and solutions. Workforce analytics tools are the software tool that facilitate an organization to manage its task force. Whereas, the services are the equivalent business consulting, deployment of solutions and professional opinions that are offered to an organizations post deployment of the workforce analytics tools. Based upon deployment type, work force analytics market is further categorized into cloud based and on-premise. An on–premise workforce analytics tool permits organization to build-up the infrastructure within the company’s premises. While, cloud-based workforce analytics demand for networked services connected with distantly located cloud storage that are offered by the software service provider. The workforce analytics becomes vital in examining man power in an organizations with high responsibility of workers. In terms of industry verticals, the market is further segmented into IT & Telecom, retail, manufacturing, healthcare & research, government & public sector, banking, financial services & insurance (BFSI), education, media & entertainment and travel & hospitality. Government & public and BFSI segment is expected to dominate the overall workforce analytics market in the nearing future.
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The rapidly growing business competitiveness has generated a growing demand for examining the man power and pull-out better business results. Workforce analytics is a preset combination of tools that facilitate the analysis of the worker/employee performance in a firm. These metrics and tools are best suitable for analyzing training & development, staffing, retention rate, cost per hire and all similar task force related parameters that permits enterprise to enhance their human resources. Current trends in workforce analytics exhibit increasing requirement for effective ROI and to lower down company’s entire investments, directing towards the implementation of workforce analytics tools in organizations.
Workforce Analytics Key Players:
Genpact Ltd.
Visier, Inc.
SAP Success Factors
Kronos, Inc.
Aquire, Inc
Peoplefluent companies
Workday, Inc.
Towers Watson & Co.
PeopleStreme Pty. Ltd.
Cornerstone OnDemand, Inc.
Oracle Corporation
Tableau Software, Inc.
WorkForce Software LLC.
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