(Reuters) - The U.S. job market may be going through choppy times, but it has been a heady ride for companies that make software to help corporations hire, train and retain employees.
Companies such as SuccessFactors Inc (SFSF.N), Taleo Corp (TLEO.O), Kenexa Corp (KNXA.O) and Cornerstone OnDemand Inc (CSOD.O) are all set to gain in a market currently worth about $3 billion.
Independent market research firm Bersin & Associates expects this market to grow by 12-15 percent, or even more, this year.
Shares of some of these companies have powered up through the downturn, with SuccessFactors growing more than two-fold in the last three years. The broader Nasdaq Composite Index .IXIC rose roughly 20 percent in the same period.
Job volatility -- rather than actual job numbers -- is the primary driver of business for these software makers.
Read on Analysis: HR software firms log gains in shifting job scene
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