The adoption of compensation software is very high in countries such as the U.S. and Canada
owing to growing start-ups and micro-enterprises. For instance, according to Coherent Market
Insights’ estimations, during 2012—2017, start-up funding in all industries grew by at least 50%.
According to Coherent Market Insights the U.S. had around 30 million SMEs in 2017. Moreover,
shift towards adoption of automated workflows by companies in these countries is further
aiding in growth of the compensation software market.
Some of the most popular compensation software are ADP Workforce Now, SAP SuccessFactors,
PoepleFluent, Laserbeam Compensation, TalentComp, and CuroEnterprise.
Major players operating in the global compensation software market include HRsoft, Kinixsys,
Kronos, Beqom, Halogen Software, Willis Towers Watson, Greytip Software, SumHR, Ultimate
Software, Talentsoft, BullseyeEngagement, JSM Technologies, Decusoft, Peoplefluent,
Execupay, ADP LLC, PayScale, CWS Software, SAP Success Factors, Cornerstone, Curo, Oracle
Corporation, Harvest HCM, Workday Inc., Nitso Technologies, and Lumesse.
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and potential absolute dollar opportunity.
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