Overview

IBISWorld’s Human Resources Software procurement research is intended to help you save time and money in the initial research stages of the buying process. Our data and analysis explain the characteristics, pricing dynamics, supply chain risks and negotiation tactics of Human Resources Software to help your company negotiate strategically with suppliers. Our report insights also give your company the credibility to work with internal stakeholders and executives to better manage the sourcing process.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard
REPORT SNAPSHOT

Human Resources Software - Recent Price Trend

During the three years to 2017, HR software prices have been increasing at an estimated average annual rate of 0.9%. Price increases have come primarily on the back of greater demand for the software, as well as growth in suppliers’ R&D costs.The rising popularity of web-based systems significantly impacts this market in that many businesses have begun to invest in cloud solutions to replace...

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Human Resources Software - Total Cost of Ownership

The total cost of ownership (TCO) for HR software is moderate because the cost depends heavily on the method of implementation. Nevertheless, buyers need to consider supplemental costs beyond the price of the software, such as additional software and hardware purchases, training sessions, maintenance fees and costs associated with software updates.The TCO for on-premises HR software is high...

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About this Report

This report is intended to assist buyers of human resources (HR) software. This type of software is designed, developed and published to help companies improve and oversee talent management and performance by automating daily administrative processes related to company workforces. Software applications include personnel sourcing and tracking, payroll, benefits administration, performance development and regulation compliance. These applications can be provided online or through on-premises systems. This report does not cover HR consulting services.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Regulation
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
  Imports
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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