TOP HUMAN RESOURCE SOFTWARE VENDORS – BY 360 QUADRANTS

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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.
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• 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.

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

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• 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.

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• 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