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Explore New Opportunities in Employee On-boarding Software Market
Employee Onboarding Software market
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Summary:
Employee onboarding software coordinates the onboarding process of new employees while simplifying the administrative work necessary for the hiring manager. It eases the transition of new hires into their roles, streamlining the process by eliminating paperwork and consolidating it into one unified system. It supports the initiation of communication between the new hire and the employer before the start date. This enables the employee to be more productive sooner and integrate into their team quicker. Moreover, these software’s can handle tasks, notifications, employee signatures, HR countersignatures, form updates, prompts for benefits enrollment, equipment provisioning, and training curriculum, among others. Also, moving cumbersome paperwork into the cloud means no more illegible handwriting and incomplete fields on statutory forms.This growth is primarily driven by Rising Demand for Subscription-Based Solution by the Users, Surging Demand for Employee Onboarding Software Owing to High Cost and Time Involved in the New Employees Recruitment Processes and An Increased Focus on the New-Hire Experience.
Globally, a noticeable market trend is evident Cloud-Based Onboarding Software Is Becoming a Popular . Major Players, such as BambooHR (United States), Oracle (United States), SAP SE (Germany), Appical (Netherlands), Talmundo (Netherlands), GoContractor (Ireland), HROnboard Pty Ltd (Australia), BizMerlin (United States), Freshworks (United States), Kissflow Inc. (India) and Employment Hero (Australia) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 9 July 2019, Talmundo, the leading European provider of employee onboarding solutions, has announced that it has joined the HR Nordic group, which is backed by the growth investor Verdane. Talmundo becomes the fourth recent acquisition of the group, following leading Nordic applicant tracking software (ATS) players HR Manager, Webcruiter and ReachMee.
On 23 Aug 2018, iCIMS, Inc., a leading provider of cloud-based talent acquisition solutions, announced the launch of two new products to simplify and streamline the recruiting experience for employers and job candidates, iCIMS Offer and Prime Connector.
Market Drivers:
• Rising Demand for Subscription-Based Solution by the Users
• Surging Demand for Employee Onboarding Software Owing to High Cost and Time Involved in the New Employees Recruitment Processes
• An Increased Focus on the New-Hire Experience
Market Trend;
• Cloud-Based Onboarding Software Is Becoming a Popular
• Training and Performance Management Integration
Restraints:
• Lack of Awareness about the Benefits of Employee Onboarding Software
Opportunities:
Rapid Deployment of Enhanced Technologies like AI and Machine Learning and The Emerging Demand from Asia Pacific Region
Challenges:
Interoperability Issues and Safety and Security Concerns and The High Competition among the Players Owing to Several Players within the Industry
HTF MI follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
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Strategic Points Covered in Table of Content of Employee Onboarding Software Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Employee Onboarding Softwaremarket. (Introduction, Scope of the Report)Chapter 2: Exclusive Summary
....Continued
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About Author:
HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the “Accurate Forecast” in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their “Goals & Objectives”.
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