About Employee Onboarding Software
Employee onboarding software coordinates the onboarding process of new employees while simplifying the administrative work necessary for the hiring manager. It eases the transition of new hires into their roles, streamlining the process by eliminating paperwork and consolidating it into one unified system. It supports the initiation of communication between the new hire and the employer before the start date. This enables the employee to be more productive sooner and integrate into their team quicker. Moreover, these software’s can handle tasks, notifications, employee signatures, HR countersignatures, form updates, prompts for benefits enrollment, equipment provisioning, and training curriculum, among others. Also, moving cumbersome paperwork into the cloud means no more illegible handwriting and incomplete fields on statutory forms.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Employee Onboarding 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.
BambooHR (United States), Oracle (United States), SAP SE (Germany), Appical (Netherlands), Talmundo (Netherlands), GoContractor (Ireland), HROnboard Pty Ltd (Australia), BizMerlin (United States), Freshworks (United States), Kissflow Inc. (India) and Employment Hero (Australia) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are HR Bakery Ltd. (United Kingdom), WalkMe (United States), Lessonly, Inc. (United States), Icims (United States, Avature (United States), NEOGOV (United States), EMP Trust Solution (United States), ExactHire (United States) and Cezanne HR Limited (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Employee Onboarding Software market by Type (Cloud-Based and On-premises), Application (Small and Medium-sized Enterprises (SMEs) and Large Enterprises) and Region.
On the basis of geography, the market of Employee Onboarding 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 Industry Verticals, the sub-segment i.e. Banking will boost the Employee Onboarding Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Pricing Type, the sub-segment i.e. Perpetual license will boost the Employee Onboarding Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Cloud-Based Onboarding Software Is Becoming a Popular and Training and Performance Management Integration
Market Growth Drivers:
Rising Demand for Subscription-Based Solution by the Users, Surging Demand for Employee Onboarding Software Owing to High Cost and Time Involved in the New Employees Recruitment Processes and An Increased Focus on the New-Hire Experience
Challenges:
Interoperability Issues and Safety and Security Concerns and The High Competition among the Players Owing to Several Players within the Industry
Restraints:
Lack of Awareness about the Benefits of Employee Onboarding Software
Opportunities:
Rapid Deployment of Enhanced Technologies like AI and Machine Learning and The Emerging Demand from Asia Pacific Region
Market Leaders and their expansionary development strategies
On 9 July 2019, Talmundo, the leading European provider of employee onboarding solutions, has announced that it has joined the HR Nordic group, which is backed by the growth investor Verdane. Talmundo becomes the fourth recent acquisition of the group, following leading Nordic applicant tracking software (ATS) players HR Manager, Webcruiter and ReachMee.
In September 2023, Workday, Inc, a leader in enterprise cloud applications for finance and human resources, today announced significant enhancements to Workday Extend aimed at improving the developer experience and driving business and IT efficiency and innovation.
Key Target Audience
Employee Onboarding Software Providers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users 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.