Human capital management (HCM) provides solutions to streamline human resource functions, which includes the management of employee profile, payroll & compensation, training & development, time & attendance, benefits & perks, and workforce analytics.
Drivers & Restraints
Several industry verticals such as financial services, banking, and insurance (BFSI), healthcare, manufacturing, retail, telecommunication & IT, media & entertainment, and others adopt cloud-based HCM suite applications at a rapid pace. The software provides secure access to various administrative tasks through an HR employee access portal. This allows employees to access their data through mobile or desktop devices from virtually any location.
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SME (Small and Medium Enterprises)
The market has been segment into North America, South America, Europe, Asia-Pacific, and Middle East and Africa. North America generated the highest revenue in the global market in 2016, owing to increase in need to automate HR processes such as talent management.
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Skillsoft (SumTotal Systems)
GE API Healthcare