Prepared for Andrew P. | Delivered May 1, 2020
ELM Platforms - Trends
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To identify 2 - 3 trends surrounding the employee lifecycle management software market globally.
The employee lifecycle management (ELM) software market is currently being driven by the increasing
adoption of technology
and automation by various industry verticals.
According to a recent report by Cision, companies are increasingly relying on technology and
provided by ELM to not only discover but also
hire and retain
(IT) industry and the
industry are the top adopters of ELM and human resources platforms globally. However, the
is expected to surpass those two industries in terms of usage by 2025, due to increasing demand to acquire and retain top talents in the industry.
Another significant trend influencing the growth of ELM platforms is the increase in the adoption of
by companies. The trend involves migrating from physical infrastructure and servers in favor of cloud SaaS platforms, which offer
scalable and robust
In addition, the shift towards
self-service and automation
has allowed human resources departments (HRs) to put more resources into specialized functions such as benefits administration, leave management, and employee relations, freeing up routine tasks for more important purposes.