Global Workforce Management (WFM) Software Market in Healthcare 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 (WFM) Software Market in Healthcare 2015-2019
Technavio recognizes the following companies as the key players in the global WFM software market: Infor Global Solutions Inc., Kronos Inc., McKesson Corp. and SAP AG
Other Prominent Vendors in the market are: ADP, Atoss, Cornerstone OnDemand, GE Healthcare, IBM, Oracle, Ultimate Software, Workday and Workforce Software
Commenting on the report, an analyst from Technavio’s team said: “Increased demand for cloud-based WFM solutions is one of the key trends upcoming in the market. Cloud-based WFM solutions are more cost-effective than on-premise options as they enable the pay-as-you-go model. Also, they allow organizations to scale up modules easily and come with easy-to-use and self-explanatory apps and interfaces.”
According to the report, WFM software enables effective workforce operations such as planning and scheduling, time keeping, tracking attendance, and scheduling. In addition, it enables organizations to monitor real-time performance and assess productivity.
Further, the report states that growing popularity of open-source WFM software is one of the major challenges that the market faces. Open-source WFM software poses stiff competition to commercial WFM software solutions as it can be downloaded for free and can run on all platforms.
Infor Global Solutions Inc, Kronos Inc, McKesson Corp, SAP AG, ADP, Atoss, Cornerstone OnDemand, GE Healthcare, IBM, Oracle, Ultimate Software, Workday, Workforce Software
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook