Global Employee Training and Applicant Tracking Software (ATS) Market to Grow at a CAGR of 7.37% by 2021 - Widespread Use of Social Media in HCM Industry Increases Business Opportunities For Vendors - Research and Markets
The global employee training and applicant tracking software market to grow at a CAGR of 7.37% during the period 2017-2021.
The report, Global Employee Training and Applicant Tracking Software Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is increasing use of social media. The widespread use of social media in the HCM industry increases business opportunities for the vendors. The sharing of job information via social media networks, such as LinkedIn and Facebook, is also contributing to the growth of the market. The increased use of social media has resulted in companies amending their policies on Internet use, sales and marketing, recruitment, and employee retention.
According to the report, one driver in the market is growing need for strategic and improved hiring decisions. Strategic hiring is a significant process for organizations as it helps them connect with the right candidates. The adoption of this process is increasing among organizations as it enables hiring manager to evaluate the capability of the hired candidate for the selected position. ATS provides insight that help hiring executives select, train, and retain the best candidate. This enhances the process of strategic hiring. ATS solution enables the storage and search of resumes. This solution also helps hiring managers make accurate hiring decisions regarding recruitment.