Global Workforce Management Software Market in Retail Industry 2015-2019
About Workforce Management Software
Traditionally, workforce management was handled with the help of spreadsheets and time recording, which are time-consuming, can lead to non-productive idle times and poor customer services, and incur high operational costs. WFM software helps businesses to manage workforce scheduling, increase operational performance, and identify and solve workforce-related issues. WFM solutions can be deployed across organizations and are beneficial to all types of businesses as they ensure that the right people with the desired skills are recruited for a job. Workforce management encompasses the following activities:
Technavio Announces the Publication of its Research Report – Global Workforce Management Software Market in Retail Industry 2015-2019
Technavio recognizes the following companies as the key players in Global Workforce Management Software Market in Retail Industry 2015-2019: ADP, Kronos, Oracle, Reflexis Systems and SAP
Other Prominent Vendors in the market are: ATOSS Software, Ceridian HCM Holding, Infor Global Solutions, Opterus, Primion Technology, RedPrairie, RetailNext and Vortex Connect
Commenting on the report, an analyst from Technavio’s team said: “The deployment of cloud-based WFM solutions is cost-effective compared to on-premise options. Vendors provide cloud solutions on a pay-per-use basis, which is beneficial for SMEs. In addition, cloud-based solutions save the costs associated with installation and upgrades of WFM software. They also come with easy-to-use and self-explanatory apps and interfaces. There is a huge demand for cloud-based solutions, forcing WFM software vendors to develop them.”
According to the report, WFM software supports the growth of an organization by streamlining business processes and improving operational efficiency. WFM software helps SMEs to increase their revenue, improve workforce utilization, and reduce the cost of acquiring and managing their workforce. With the availability of effective WFM software, SMEs can help their sales, marketing, and support staff to function as a team and manage store activities, eliminating excessive manual processes.
Further, the report states that high implementation cost is a challenge that affects the market growth.
ADP, Kronos, Oracle, Reflexis Systems, SAP, ATOSS Software, Ceridian HCM Holding, Infor Global Solutions, Opterus, Primion Technology, RedPrairie, RetailNext, Vortex Connect