
The Growing Workforce Management Solutions Market
Organizations are struggling to enhance the productivity of their employees, while reducing expenses and improving the efficiency of their business process.
By
CIO Applications Europe | Monday, December 03, 2018

Workforce management or WFM is a group of integrated processes which are adopted by most organizations for optimizing the productivity of its employees on various levels such as departmental, and entity-wide. In an organization, WFM involves the processes of matching employee skills to specific tasks over time.
It also plays an integral role in quantifying the amount and types of labor needed to accomplish particular jobs. This software acts as the key for most desktop and mobile programs that help a business manage their staff scheduling processes. The term was originated in contact centers and other service businesses employing a large number of workers.
Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.
Suggested Read: How HR Technology Enhances Talent Decisions
By Tiffany C Diehl, Director of Workforce Analytics and Succession, Brown-Forman
Organizations are struggling to enhance the productivity of their employees while reducing expenses and improving the efficiency of their business process. In this regards, enterprises are widely adopting solutions which help them to achieve their business goals. Some of the leading workforce management software includes features like payroll and benefits, employee self-service, human resource management and administration, performance management, and workforce tracking.
According to reports by grandviewresearch.com, the size of the global workforce management market is estimated at USD 4.80 billion in 2016 and is expected to gain traction. Some of the factors like workforce optimization, increasing deployment of cloud technology, and the rising pressure to comply with regulatory mandates are responsible for driving market growth. The industry includes a variety of applications which includes absence management, labor scheduling, and budgeting, as well as workforce analytics. Though in the industry, there is a rising demand for a complete management suite, mobile-ready applications are expected to gain the highest growth spurt in the foreseeable future.
Check This Out: Top HR Analytics Companies
Check out: Manage HR Magazine
Social Media: Facebook | Twitter | Linkedin | Medium
See Also Reviews Of CIOReview: Glassdoor
Check Out Review Of CIOReview : Crunchbase
Check This Out : CIOReview Overview, Muckrack
Top Workforce Management Technology companies
You may Like: Advanced HR Analytics: The Smarter Way to Acquire and Develop Talent
By Laurie Shumake, Head of Global Talent Management, Western Union
More in News
Weekly Brief
I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info
Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from CIO Applications Europe
THANK YOU FOR SUBSCRIBING


