Pune, India -- (SBWIRE) -- 09/07/2018 -- Summary:
Latest Research Report on Global Workforce Analytics Market Added by Garner Insights which covers Market Overview, Future Economic Impact, Competition by Manufacturers, Supply (Production), & Consumption Analysis

The Workforce Analytics Market research study relies upon a combination of primary as well as secondary research. Workforce analytics is a combination of software and methodology. It applies statistical models to worker-related data which further allows enterprise leaders to optimize human resource management (HRM). For comprehensive workforce performance measurement and improvement, Workforce analytics is an advanced set of data analysis tools and metrics. Workforce analytics analyses the following: Accession rate, add rate, compensation and benefits, cost per hire, offer acceptance rate, personnel, recruitment, replacement rate, retention rate,  staffing, time to fill,  time to start and training and development.

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HR leaders use workforce analytics in various forms, such as:

-Predictive Analytics
-Prescriptive Analytics

Predictive Workforce Analytics helps managers to determine which employees have the greatest potential of success with the organization. The data also predicts which employees are most likely to leave in the near future. Prescriptive Workforce Analytics prescribes actions HR leaders can take help to develop and retain key members of the workforce, based on data uncovered from predictive analytics. Both are an essential part of workforce analytics and when used together, these tools make a huge difference in the success of the organization.

Key players
Some of the major players profiled in this report include ADP LLC, Genpact Ltd., IBM Corporation, Cornerstone Ondemand, Kronos Inc., Oracle Corporation, PeopleSreme Pty. Ltd., SAP Se , Tableau Software,  and Workday, Inc.

Market Segmentation

Global Workforce Analytics market has been segmented majorly on the basis of Type, organization size, deployment method and Vertical Industry. On the basis of type the market is segmented into solutions and services. Based on the organization the market is bifurcated into small and medium sized enterprise and large enterprise. Depending upon the deployment method the market is segmented into public and private cloud. Depending upon the vertical industry the market is segmented into: BFSI, energy and utilities, government and public sectors, healthcare, manufacturing, retail, telecom and IT and others. By geography, global Workforce Analytics market is studied across North America, Europe, Asia-Pacific, and LAMEA.

Workforce Analytics Market Segmentation

By Type:
Solutions
Services

By Organization:
Small and Medium Enterprise
Large Enterprise

By Deployment Type:
Private Cloud
Public Cloud

By Vertical:
BFSI
Energy & Utilities
Government & Public Sector
Healthcare
Manufacturing
Retail
Telecom & IT
Travel & Hospitality
Others

Regional analysis
In terms of geography market is divided into North America, Europe, Asia-Pacific and LAMEA. North America is clear leader in this market. North America is technological advanced and developed region and has many global companies that are engaged in analytics.

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