About Job Evaluation Software
Job evaluation is the method of analyzing and evaluating the different jobs thoroughly so as to ascertain its relative worth in any organization. It is a valuation of the comparative value of the different kinds of jobs on the base of a dependable set of personal factors and jobs, like the qualifications and abilities required for the job. For such similar functions, there is a job evaluation software that is used that lightens the workload and eases the job. The main motive of this software is to decide as to which kind of job should get higher pay than the others. There are several such methods for deciding the parameters such as job grading, job ranking, and other factors of comparison that are further employed in the process of evaluating a job. Research has indicated that every method is almost accurate and also equally reliable as that of the other in terms of ranking and pricing of different jobs. Job evaluation software forms the origin for the wages and salary negotiations. It also involves stating the relative worth of each job with the basic purpose of setting the wages and salary differentials. The software helps in providing grades to each job and according to the same, every employee needs to be compensated depending upon the grades of the jobs they carry out.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that European Players will contribute the maximum growth to Global Job Evaluation Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
HRTMS Inc. (United States), Korn Ferry (United States), Encompassing Visions (Canada), PwC (United Kingdom), Jobchart International Inc. (Canada), MAUS Business Systems (Australia), Deloitte (United Kingdom), Turning Point HR Solutions (United Kingdom), Zoho Corporation Pvt. Ltd. (India), SAP SE (Germany), PeopleStrong (India), Paydata Ltd. (United Kingdom), CEIPAL Corp. (United States), HRMantra Software Pvt. Ltd. (India) and Quality Personnel Management GmbH (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are OO-Soft Pty Ltd (Australia), Mercer LLC (United States), Innecto Reward Consulting (United Kingdom) and Crosstalent (France).
Segmentation Overview
AMA Research has segmented the market of Global Job Evaluation Software market by , Application (Banking, Financial Services and Insurance (BFSI), Telecommunications and IT, Government and Defence, Healthcare and Life Sciences, Manufacturing, Retail and E-Commerce and Others) and Region.
On the basis of geography, the market of Job Evaluation Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Subscription Type, the sub-segment i.e. Monthly Subscription will boost the Job Evaluation Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organisation Size, the sub-segment i.e. SME (Small and Medium Enterprises) will boost the Job Evaluation Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Operating Systems, the sub-segment i.e. Installed - Windows/Mac will boost the Job Evaluation Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increase in the Trends of Gaining Competitive Advantages by Knowing the Strengths and Weaknesses of the Opponents and Increase In the Identification of Comparable Roles and Developing a Robust and Informed Pay and Reward Systems Which In Turn Improves the Performance Metrics
Market Growth Drivers:
Increasing Product Demand, Growing Disposable Incomes, Innovative Products, Raw Material Affluence, and Changing Consumption Technologies and Creating a Better-Informed, More Flexible Organizational Model and Reducing the Workload
Challenges:
Arbitrary standards, Perception of unfairness and Lack of motivation
Restraints:
Time Consuming and Expensive Process and Some of the Factors and Degrees Cannot Be Measured With an Accuracy
Opportunities:
Identifying Career, Talent Management, and Succession Planning Opportunities by Mapping out The Relative Size of Roles and Responsibilities throughout the Organization and A Rise in Spending Less Time in Grading Jobs and Taking More Time in Making The Changes That Would Enable the Business Development And Growth
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Key Target Audience
Cosmetics Companies, Potential Investors, Research Institute, Government Agencies, Market Research Firms and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.