Lewes, DE -- (SBWIRE) -- 10/05/2016 -- Report forecast the human capital management (HCM) software market in Germany to grow at a CAGR of 5.47% during the period 2016-2020.

HCM is the process of staffing employees that considers people as assets or human capital whose current value can be measured and future value can be enhanced through investments. HCM software solutions help manage a large and growing workforce in an effective way. It streamlines the traditional HR functions such as benefits administration, personnel tracking, and payroll. Additionally, it automates many administrative processes such as reporting and attendance monitoring to increase productivity. It also helps in strategic level processes such as recruitment, employee development, and employee management.

The report covers the present scenario and the growth prospects of the human capital management (HCM) software market in Germany for 2016-2020. To calculate the market size, the report considers the revenue obtained from software licenses, maintenance costs, and professional services.

The market is divided into the following segments based on process:
- Strategic segment
- Administrative segment

According to the report, increasing workforce diversity will be a key driver for market growth. Business growth depends on attracting and retaining a workforce with globally diverse values and demographics. With diversity being seen as a strategic business advantage, HR executives are of the view that companies must adopt multicultural and multigenerational needs to meet the ongoing recruitment and retention goals.

Further, the report states that according to the German labor law, the HR plays a strategic role in running the organization's compliance programs based on prevalent regulations and norms. Insights into labor regulations, working knowledge and expertise of various compliance and regulatory requirements, etc. are keys toward building credibility. So, it has made compulsory that compliance and ethics programs must be embedded into an organization's culture to prevent liabilities that arise from non-compliance. HCM solutions include features that take care of all compliance and legal issues, but since the labor law is changing frequently in Germany, the compliance features of HCM also needs to be updated according to recent laws. It is a major challenge for all HCM software vendors to overcome.

Human capital management (HCM) software market in Germany 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the human capital management (HCM) software market in Germany: ADP, Oracle, SAP, Workday, BambooHR, PeopleFluent, Ultimate Software, and Zoho.

Other Prominent Vendors in the market are: CakeHR, Ceridian, Cezanne HR, Epicor, FinancialForce, IBM Kenexa, Infor, Kronos, Namely, Sage, Haufe-umantis, and WebHR.

Market driver
- Introduction of Employment & Labor Law 2016 in Germany
- For a full, detailed list, view our report

Market challenge
- Data security and privacy
- For a full, detailed list, view our report

Market trend
- Increasing popularity of advanced workforce analytics
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 71 pages and 41 Exhibit "Human Capital Management Software Market in Germany 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by deployment type, Market segmentation by end-users, Market segmentation by process, Buying criteria, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Five forces model, Vendor landscape, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/human-capital-management-software-market-germany-2016-2020

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