Customer Purchasing Insights for Human Resource Management Software
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Transcript of Customer Purchasing Insights for Human Resource Management Software
HRM Software Buying TrendS o f t w a r e S u g g e s t I n s i g h t s
http://www.softwaresuggest.com/
Human Resource Management Software
Customer Purchasing Insights for Human Resource Management Software
SoftwareSuggest helps business find the right software.
As a part of our work, we gather customer requirements, we analyze them and serve the
industry with deep insights on software buyer under our initiative – ‘SoftwareSuggest
Insights’.
Here’s the HRMS Insight report generated by analysing more than 10,000+ HRM
Software Buyers.
Active HRMS Software Buyers
What is the geographical spread of HRM software Buyers?
Which deployment method do HRMS software buyer prefer: online vs offline?
Who is the decision maker?
Which features are considered most important when making a purchase decision?
What is the budget software buyer have during evaluation?
How is the purchase spread over the year?
Factors that affect purchase decision.
Summary of the top findings of Survey.
Geographical Spread
Human Resource Software is one of the most in-demand software today.
Geographical Spread of HR Software Buyers in India
Delhi (+NCR) has 24% buyers for HRM software, which makes it a leading city looking for
good HR software.
Other cities like Mumbai (21%), Bangalore (14%), and Chennai (11%) also have numerous
software buyers.
SaaS Based Or Installation Based
Personal computing & Software as a Service (SaaS) have made HRMS systems easy to be implemented
Preferred deployment method of HRM Software Buyer
64% users prefer Web based HR software.
15% users go with installation based.
whereas as 21% are indifferent to any particular deployment method.5
Shopping HR Software
Purchase of HR software is spread across 3 groups
Who Is Shopping For Human Resource Software?
HR Managers of the company (Around 80%).
IT manager of the company (15%).
Directors of the company (5%).
Features / Modules of HRM Software
Top features that buyers looks most before taking a decision.
What Features / Modules people look for in HRM Software?
Here are some of the top features / Modules that people look for in HRM
Software before purchasing it.
Preferred Software Budget
Budget that software buyers have in their back of the mind?
Budget for Installed Based Software
Buyers are almost equally distributed over the price range of Rs.10,000 to Rs.5
lac budget.
Preferred Software Budget
Budget that software buyers prefer to spend for HRM Software.
Budget for SaaS Based Software
Pricing in /user/month 48% of organizations allocates INR 100 to INR 150.
28% allocates INR 50 to INR 100.
21% allocates INR 150 to INR 200.
3% allocates INR 200+.
Yearly trend of HRM Software Sales
Chart represents the purchase of HRM Software sales.
Sale of HRM Software During a Year
Purchase of HRIS software is at its peak during the month of June.
There is decline in HRM software purchase after the month of July.
During October-November-December, number of software buyer tend to be
lesser.
Purchase decision
Factors that users would look into while buying HRM software
Factors that affect purchase decision
HR software vendor must have hands on guidelines and manual to make it
easy for a user to interpret and implement.
Thank you
The report has been generated from the data collected by our team.
Do write your comments below or email us with suggestions & your views on the report.
Explore the list of top human resource management software along with software demo
video, comparison reports, screenshots, features and many more to help you in selecting
the right software.
Conclusion
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