As a part of our work, we gather customer requirements, we analyze them and serve the industry with deep insights on software buyer under our initiative – ‘SoftwareSuggest Insights’.
Here’s the HRMS Insight report generated by analysing more than 10,000+ HRM Software Buyers.
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Summary of the top findings of Survey
What is the geographical spread of HRM software Buyers? Which deployment method does HRMS software buyer prefer: online vs offline? Who is the decision maker? Which features are considered most important when making a purchase decision? What is the budget software buyer have during an evaluation? How is the purchase spread over the year? Factors that affect the purchase decision.
Geographical Spread of HR Software Buyers in India
Delhi (+NCR) has 24% buyers for HRM software, which makes it a leading city looking for good HR software. Other cities like Mumbai (21%), Bangalore (14%), and Chennai (11%) also have numerous software buyers.
Which HRM Software Is Preferred? SAAS Based Or Installation Based?
64% users prefer Web-based HR software
15% users go with an installation based.
whereas as 21% are indifferent to any particular deployment method.
Who Is Shopping For Human Resource Software?
HR Managers of the company (Around 80%).
IT manager of the company (15%).
Directors of the company (5%).
What Features / Modules do People look for in HRM Software?
Here are some of the top features / Modules that people look for in HRM Software before purchasing it.
Preferred Software Budget 1. Budget for Installed Based Software
Buyers are almost equally distributed over the price range of Rs.10,000 to Rs.5 lac budget.
2. Budget for SaaS Based Software
Pricing in /user/month
48% of organizations allocates INR 100 to INR 150. 28% allocates INR 50 to INR 100. 21% allocates INR 150 to INR 200. 3% allocates INR 200+.
Sale of HRM Software During a Year
Purchase of HRIS software is at its peak during the month of June. There is decline in HRM software purchase after the month of July. During October-November-December, number of software buyer tend to be lesser.
Factors that affect purchase decision
HR software vendor must have hands on guidelines and manual to make it easy for a user to interpret and implement.
Overview
Top Software
