If your company is looking to save time and money during the initial stages of the buying process, IBISWorld’s Human Resources Software procurement research will provide you with the tools necessary to do just that. This report breaks down the data and analysis behind buying Human Resources Software, such as pricing dynamics, supply chain risks and external demand drivers. Your company will also gain expert negotiation tactics to help gain leverage when working with suppliers.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard

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...


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 regulatory compliance. Key buyers of human resources software include financial institutions, government agencies and healthcare providers. 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
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
 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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