Global Workforce Management (WFM) Software Market to be Driven by Minimum Wage Laws across Nations

Published Date : Jun 27, 2016

ALBANY, NY, June 27, 2016: A new research report on the global workforce management software market has been added to the repository of The report, titled “Global Workforce Management (WFM) Software Consumption 2016 Market Research Report,” discusses the current scenario of this market and analyzes the impact of various micro- and macro-economic factors on the market’s growth. WFM software solutions have gained attention across various sectors owing to the increased focus on employee performance and minimum wages. The report takes into consideration the various industry news and policies that are playing a role in determining the future of the market. The growth of the WFM software market has been studied across some of the major regions. Profiles of some of the key market players have been included in the report to provide an overview of the competitive landscape. 

Workforce management or WFM software is a collective term to describe all the mobile and desktop programs developed to manage staff scheduling. These software solutions let employers manage complex scheduling tasks, compliance issues, and time and attendance of staffs. Leave management, time and work data collection, task and activity management, time and attendance, and labor scheduling are some of the major tasks performed by WFM software solutions. WFM software solutions utilize artificial intelligence and advanced decision-making algorithms to perform these tasks. The report provides an overview of the global WFM software market and defines the specifications, classifications, and applications of the software. The manufacturing cost of various WFM software solutions has been analyzed by taking note of input costs such as labor cost and prices quoted by raw material suppliers and equipment suppliers.

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The report studies the global WFM software market across some of the major regions such as Japan, China, the U.S., and Europe. Various industrial policies in the manufacturing sector are expected to determine the future growth of the market. To offer employee protection, a number of governments have introduced state laws that define and determine the minimum hourly wage. This ensures fair wage for even the lowest paid workers. This is expected to boost the growth of the global WFM software market.

Some of the major players in the global WFM software market are Verint, ClickSoftware, Calabrio, VPI Corp., Interactive Intelligence, Monet Software, Skill Soft, JDA Software, Astea, Reflexis, Unanet, Mitrefinch, PARiM, and Replicon. The report profiles these market vendors in terms of product portfolio, production capacity, and revenue. Offering an overview of the supply chain existing in the global WFM software market, the report describes the various marketing channels operating in the market and compiles information about some of the major distributors and traders. The feasibility of new investments into the market has been studied through a SWOT reports.

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