The evolving ‘why’ of Human Capital Management Systems - Wipro

The increasing demand for integrated high performance software is driving the human capital management market.

The study indicated that by the rising cyber security threats, the security concerns related to software solutions segment HCM would result as the restraining factor for the Human Capital Management market.It has been observed that continuous developments are carried out to make more advancements to the Human Capital Management.

As per a recent news Asure Software, a leading provider of HCM and workplace management software has expanded partnership with SafeGuard World, a global employment outsourcing and payroll provider, to deliver highly advanced global payroll solution to new and existing clients to add more advancements to Human Capital Management.The HCM Market is growing rapidly over 10% of CAGR and is expected to reach at USD ~22 Billion by the end of forecast period.Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report.

Avail the in-depth table of content TOC & market synopsis on “The Human Capital Management Market Research Report -Forecast to 2022”.Get Free Sample of Report @ https://www.marketresearchfuture.com/sample_request/2485Key PlayersThe prominent players in the Human Capital Management Global Market are – IBM (U.S.), SAP SE (Germany), Software AG (Germany), Workforce Software (U.S.), ADP LLC (U.S.), WORKDAY (U.S.), Oracle Corporation (U.S.), Kronos Inc. (U.S.), LinkedIn (U.S.), Ultimate Software (U.S.), Infor (U.S.), Zenefits (U.S.), Talentsoft (France), among others.Market SegmentationThe global Human Capital Management Market has been segmented by component, deployment type, organization size, region, and end-user.

Based on component the market is segmented into software solutions and services.

The segment of services has been further segmented into transformation services, implementation services, consulting services, and support & maintenance.Based on deployment type, the market has been bifurcated into cloud and on-premise.

TechFunnel.com, a leading source for B2B technology information, news, and insights, recently announced the publication of its first interactive Software Buyer’s iGuide: The State of Human Capital Management — Top Trends and Priorities Influencing HR Leaders in 2019 and Beyond.

This free guide is a handy comparison report offering an unmatched list of software features, vendor matrixes and profiles, user reviews and cases, and industry trends designed to help any size company find the ideal HR technology.

“The HCM Software Buyer’s iGuide offers a simple and well-researched handbook for identifying the best features and outcomes of HCM solutions currently on the market,” said Danni White, Content Director at Bython Media.

“Vendors have been evaluated and categorized based on critical factors and HR buyers can make an informed decision about their HCM needs.” Meticulously prepared by TechFunnel’s research and insights team, led by Khushbu Verma, Senior Manager of Research, the iGuide uses TechFunnel’s proprietary “Best of Tech” (TF BoT) Grid to compare, select, and pinpoint best-in-class HCM software solutions from more than 50 vendors.

It also combines extensive end-user intelligence in the form of customer reviews collected during a recent TechFunnel survey, as well as quotes on trends and tactics from major HR influencers.

Plus, the iGuide includes individual profiles for all the short-listed vendors based on their scores and respective segment focus.

The global Human Capital Management market size is expected to grow from USD 17.6 billion in 2020 to USD 24.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 6.7% during the forecast period.

Integration of emerging technologies, such as Artificial Intelligence (AI), and Machine Learning (ML), with HCM software has emerged as one of the strongest factors for HCM software and services adoption across regions.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=193746782The HCM market comprises major software providers, such as Workday (US), Oracle (US), ADP (US), SAP (UK), Microsoft (US), IBM (US), Ultimate Software (US), Ceridian (US), SumTotal (US), Kronos (US),Infor (US), Talentsoft (France), EmployWise (India), PeopleStrategy (US),Cornerstone (US), Meta4 (US), Ramco Systems (India), Bamboo HR (US), Namely (US), Workforce Software (US), Zoho (India), Sage Group (UK), Epicor Software (US), Zenefits (US), Paylocity (US), Gusto (US), Bitrix (US), Benefitfocus (US), WebHR (US), Talentia Software (France), PeopleFluent (US), Vibe HCM (US), Rippling (US), Ascentis (US), and BizMerlinHR (US).

The study includes an in-depth competitive analysis of key players in the HCM market with their company profiles, recent developments, and key market strategies.The players in this market have embraced different strategies to expand their global presence and increase their market shares.

New product launches and enhancements; and partnerships, acquisitions, and collaborations, have been the most dominating strategies adopted by the major players from 2017 to 2020, which helped them strengthen their offerings and broaden their customer base.Oracle (US) has a strong foothold in the HCM market with its robust offerings.

The company adopted various organic growth strategies and continues to enhance its expertise in the market.

The introduction of analytics is to help organizations derive insight from workforce analytics.

 What does Human Capital Management mean?Traditionally, capital equipment was something businesses invested in to be able to provide or deliver their goods or services, and which depreciated in value over time, required periodic maintenance and upgrades, and so forth.

Think of manufacturing equipment used by a factory, for example, or a delivery truck used by a retailer to deliver goods to customers which are too big or bulky for most customers to take home by themselves.“Capital” in the more non-equipment sense was essentially the cash a business had available to invest in such equipment, or expand its staff, acquire a larger building, and so forth.

What are Human Capital Management functions?

HCM software typically includes functionality for recruitment and staffing management, human resources management, employee career development, succession planning, individualized employee learning management, performance evaluation and compensation management, and planning.

Generally speaking, HCM software is industry “agnostic,” meaning most HCM solutions are designed to work with any type of business in nearly any industry.

This makes it different from some other types of enterprise software, which may be designed for retail stores, for example, or perhaps for supply chain operators, or some other specialized business.

Simple To Implement, Easy to Use and Reliable Online Human Capital Management Software for Small and Medium Businesses and Larger Organisations in Australian and New Zealand.Read more

The Oracle Fusion HCM or Human Capital Management is a comprehensive and end-to-end solution that fastens every process of human resources and profoundly stitches both the bookends of the process from the hiring of the resource till his or her retirement from the system.

The technology not only empowers HR to enhance and refine the process of decision making but also authorizes and entitles for improvisation and innovation into the process at present, and in times to come.Top Benefits of learning HCMWith technology being fast-paced and changing even at a more rapid rate, it is a colossal challenge for every organization to keep their workforce engaged and productive in a cohesive way and Oracle HCM Cloud has the ability to combat these hurdles and in addition is equipped to bridge the gap between work and personal life, which in today’s scenario is disjointed and carved up through digital platforms.Getting the right talent at the right place increases the hiring effectiveness and lessens the time wasted in the trial and error method substantially.Improving employee satisfaction and a surge in human resource commitment is what is the most sought after now.

Recognizing and rewarding the right talent and high performers cement the fact of enhancing the overall performance of the organization across all levels.An integrated and consolidated one-stop-shop with all the wings of the HR function such as Performance Management System, Payroll, Talent Acquisition, and Compensation, ensure HR data stability and prevents the cumbersome work of matching and reconciling with fragmented portions and inconsistency.The IT department has both the reliability and power to concentrate on the impacts of overall business as the HR data is safe and secure in Oracle Fusion HCM Cloud.A progressive business not only needs but also demands a continuous change in which acquisitions and expansions are definite possibilities at regular intervals, and thus having the access to the apt databases for the present requirement and also for future usability, is a critical advantage.

This implies that trustworthy, real-time, and reliable reports can be produced by all the managers which creates impactful cognizance to the organizational activities.While it is a delight for any organization to have high performing human resources, it is cardinal to validate if the workforce is cohesive, in the right direction, and is aligned to the goals and objectives of the organization.

HCM Cloud empowers to follow all the statutory compliances and regulations by all employees towards achieving the objectives.

Lowering cost is synonymous with greater ROI on any investment which is a proven fact for organizations that shifted to the Fusion HCM Cloud.Fusion HCM TrainingThe Oracle Fusion HCM Training can be taken by anyone or any student with basic computer knowledge and no prior knowledge of any HR business module or process are required or necessary.This training is for all those who want to launch their careers as consultants for Oracle Fusion HCM and those who are already professionally engaged in Oracle eBiz Application.While the topics start with an overview of HCM Cloud Service, Fusion Application, and Fusion HCM, it deals extensively in the functions of managing the following:Enterprise Structure configuration and Enterprise HCM Information.Geographies, Locations, and DivisionsEmployment models, Actions, and ReasonsPayroll Units and Business UnitsOrganization and Department Trees, Position and Position TreesPerson, Assignment, non-Worker, pending Worker, and conversion from pending worker to a worker.Add and End Assignment, Add and Terminate Work Relationships.Changing Locations, Promotions and Transfer (including Global transfer), Hire, Terminate and re-Hire employeesThe Oracle HCM Online Training consists of both functional as well as technical topics.

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