Exterminate cost of bad hire
Today business firms realize that with a cost of good escalating tools like employment software, the cost of bad hires can be exterminated. For bad hires can have dramatic effects on the company’s bottom lines.
Software industry noticed an unusual growth in 2007. Software sector witnessed a real growth of 14% in US, compared with an annual growth of 2% of all other sectors in US. This sector has also outpaced rest of the economy since 2003. Reason for this tremendous success can be contributed to the software market which is highly globalized. Survey states that in 2008 US share of packaged software market was 45% of the world market.
PC software including operating system, systems software such as databases (e.g., Sybase Advanced Server Enterprise 15), [Source: IDC], security packages (e.g., Symantec Norton 360 or McAfee Total Protection), and business and consumer applications like employment software, Performance Appraisal System etc have gained popularity overseas in a short period.
Moreover software sales in third world countries like Brazil, Russia and India are projected to grow by 43% between 2009 and 2012 to a total of more than $66 billion. Worldwide utility of softwares has been a major reason of the enormous growth of Software market.
Software drives productivity and innovation in almost every economic sector, helping businesses of all sizes perform better in both good time and bad. It has given productivity and growth to various industries. Software market is responsible for two-thirds of total factor growth in productivity between 1995 and 2002, and virtually all of the growth in labor productivity.
As world economy begins to recover, businesses are expected to grow and hire new employees. The difference today is that instead of placing employment requirements, requests and advertisement through slow and exhausted mediums firms choose employees best suited for their work with help of software that are quick and accurate.
Employment software has initially impacted outsourcing. The relatively lower cost of international human resources in developing third world countries has led to the invention of this software.
Comprehensive employment portfolio of employment software includes assessments designed by leading experts in psychology, statistics, and psychometrics. To find out more about work ideology of the candidate and to check whether selected candidate has the aptitude, personality and skills that meets organization’s pre-employment testing demands.
Staffing Agency Software takes pride in their dedication to help clients properly choose tests to administer and guide the administration process and recruitment process, including interpretation of scores. For the ability to smartly leverage offshore and near-shore resources via this software has improved the overall operational capability of many organizations and their workflow. When North Americans are leaving work, Asians are just arriving to work. When Asians are leaving work, Europeans are arriving to work. Employment software provides a continuous ability to have human oversight on business-critical processes 24 hours per day, without paying overtime compensation or disrupting key human resource patterns.
Anna Rana is article writer who writes different types of business management and recruitment software like Employee Database , applicant tracking systems etc.
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