NEW YORK, Sept. 11, 2019 /PRNewswire/ --
Global Workforce Analytics Market: About this market This workforce analytics market analysis considers sales from retail, BFSI, telecom & IT, healthcare, manufacturing, and other end-users . Our analysis also considers the sales of workforce analytics in APAC, Europe, North America, South America, and MEA. In 2018, the retail segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as rising investments in retaining and hiring skilled workforce will play a significant role in the retail segment to maintain its market position. Also, our global workforce analytics market report looks at factors such as demand for efficient workforce management and recruitment, rise in demand for cloud-based solutions, and use of automation in HR processes. However, lack of skilled workforce, data quality and workforce issues, and availability of open-source workforce analytics may hamper the growth of the workforce analytics industry over the forecast period.
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Global Workforce Analytics Market: Overview Demand for efficient workforce management and recruitment The workforce management process has been evolving with the need for diverse skills, specialized HR needs, and the rising complexity of talent management. To avoid manual errors, organizations are adopting analytics to automate processes. Large oranizations are using predictive analytics and modeling technologies to prioritize recruitment workflows, conduct workforce planning, evaluate different recruiting sources, assess the quality of hiring, and use pre-hire assessments. Thus, the adoption of workforce analytics software will save cost, time, and improve operational efficiency and lead to the expansion of the market at a CAGR of almost 16% during the forecast period.
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