Market Research Reports Global Human Capital Management Market Report 2019 | Page 2

capital's present esteem can be estimated and its future esteem can be improved through
investment.
The Global Human Capital Management Market is segmented on the basis of Software, Service,
Deployment Type, Organization Size, Vertical and Region. Based on the Software, the market is
classified into Core HR, Workforce management, Sourcing & recruiting, Applicant tracki ng system,
Staffing vendor management and others. On the basis of Service, the market is divided into
Integration, Support & maintenance, Consulting. Based on the Deployment Type, the market is sub-
segmented into On-premises and Cloud. On the basis of Organization Size, the market is classified
into Small and Medium-Sized Enterprises (SMEs) and Large Enterprises. Based on the Vertical, the
market is sub-segmented into BFSI, Government, Manufacturing, Telecom & IT, Consumer goods &
retail, Healthcare & life sciences, Energy & utilities, Transportation & logistics, and others.
In terms of the geographic analysis, North America region is dominating the Human Capital
Management Market owing to factors such as increased internet penetration and technological
advancements. The study also indicates that cloud deployment is a driving factor for APAC region to
grow significantly in the Human Capital Management Market by the forecast period (2019 - 2023).
Latest Industry News:
1 Paycom Software (April 4, 2019) – Paycom Releases Direct Data Exchange, Industry’s First Tool
Measuring Data Efficiency – Paycom Software, Inc., a leading provider of comprehensive, cloud-
based human capital management software, today announced the release of Direct Data Exchange,
the industry’s first comprehensive management analytics tool giving employers insights into
efficiencies gained through employee usage of HR technology.
“Our technology can accelerate a company’s digital transformation by empowering employees to
self-manage their information by connecting directly with their HR database,” said Chad Richison,
Paycom’s founder and CEO. “The analytics generated by our Direct Data Exchange can help
businesses achieve maximum ROI from their HR technology through real -time monitoring and
tracking of usage trends.”
2 Ultimate Software Group (March 14, 2019) – Top-100 Electrical Distributor Uses UltiPro
Compensation Management to Address Gaps in Gender Pay During Annual Salary Planning –
Ultimate Software, a leading provider of human capital management (HCM) solutions in the cloud,
announced today that ALCAL Industries, Central and Northern California’s largest independent
electrical distributor, is using UltiPro to drive an equitable salary-planning process.
ALCAL Industries is the parent company of Alameda Electrical Distributors and California Service
Tool. The two subsidiaries have a combined 23 locations, and provide one of California’s most
respected offerings of electrical products, tools, tool rental and repair services, safety equipment,
and project management. Prior to UltiPro, the company developed a compensation plan with bands
and ranges for managers to apply to their employees, tied to specific employee ratings. However,
because managers completed this salary-planning process manually on spreadsheets, they had
difficulty comparing how their employees were ranked within the company’s compensation system.
In addition, HR was required to invest a substantial amount of time reviewi ng the data manually
once it received the spreadsheets back from managers. ALCAL sought to provide managers with the