Performance Appraisal Software Market, Analysis with Key Players, Applications, Emerging Trends and Forecasts to 2023
Global Performance Appraisal Software Market Size Status and Forecast 2023Performance appraisal software helps the line managers to provide 360-degree feedback to their employees. It also monitors and retains top performers by regularly keeping track of the employee’s performance. Acknowledging employees for their work and conferring rewards and compensation for their achievements helps in retaining employees, which simultaneously reduces the employee turnover in organizations.
Rise in need of simplified, effective, and unbiased performance appraisal system and process by the organizations majorly drives the performance appraisal software market. However, privacy and security of the data related to the employees are prime concerns in the adoption of the software. Further, the need for replacement of the old and traditional systems makes way for growth opportunities for the market.
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Top Manufacturers: Oracle, Saba, SAP, SumTotal Systems, Ultimate Software, Cornerstone, OnDemand, Performly, Impraise, MAUS, BambooHR, Namely, Zoho Corporation, BreatheHR, Trakstar, ClearCompany, Actus, Insperity, Reviewsnap, PeopleGoal, Beisen
Market Segment by Regions, regional analysis covers
United States
EU
Japan
China
India
Southeast Asia
Market Segment by Applications, can be divided into
Small Business
Medium-sized Business
Large Business
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Performance appraisal software have pre-defined programs that centralize processes such as monitoring compensation strategy; providing employee satisfaction; monitoring compensation levels, bonus payments, and awards; monitoring and analyzing compensation data; addressing employee queries about benefits; and streamlining processes to eliminate manual and ad hoc processes.
Performance appraisal software helps managers to provide 360-degree feedback without interrupting the work. The managers can access the software on their desktops or mobiles, and employees can start the review process on one device and finish it on another. Such benefits associated with 360-degree feedback and its popularity in the IT and manufacturing industries is driving the growth of the global performance appraisal software market
Table of Content:
1 Industry Overview 1
2 Global Performance Appraisal Software Competition Analysis by Players 13
3 Company (Top Players) Profiles and Key Data 19
3.1 Oracle 19
3.1.1 Company Profile 19
3.1.2 Main Business/Business Overview 19
3.1.3 Products, Services and Solutions 19
3.1.4 Oracle Performance Appraisal Software Revenue (Million USD) (2013-2018) 20
3.1.5 Recent Developments 21
3.2 Saba 21
3.2.1 Company Profile 21
3.2.2 Main Business/Business Overview 22
3.2.3 Products, Services and Solutions 22
3.2.4 Saba Performance Appraisal Software Revenue (Million USD) (2013-2018) 23
3.2.5 Recent Developments 24
3.3 SAP 24
3.3.1 Company Profile 24
3.3.2 Main Business/Business Overview 25
3.3.3 Products, Services and Solutions 25
3.3.4 SAP Performance Appraisal Software Revenue (Million USD) (2013-2018) 26
3.3.5 Recent Developments 27
4 Global Performance Appraisal Software Market Size by Application (2013-2018) 76
5 United States Performance Appraisal Software Development Status and Outlook 78
6 EU Performance Appraisal Software Development Status and Outlook 83
7 Japan Performance Appraisal Software Development Status and Outlook 87
8 China Performance Appraisal Software Development Status and Outlook 91
9 India Performance Appraisal Software Development Status and Outlook 95
10 Southeast Asia Performance Appraisal Software Development Status and Outlook 99
11 Market Forecast by Regions and Application (2018-2023) 103
12 Performance Appraisal Software Market Dynamics 112
13 Market Effect Factors Analysis 119
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