Global Human Resource Outsourcing (HRO) Market Share Growth, Estimates, Size, Status and Forecast 2022-2025 – ZNews Africa
Global Human Resource Outsourcing (HRO) Market Research Report Size, Trends and Forecast provides in-depth analysis of Human Resource Outsourcing (HRO) market including detailed description of market size and growth, value, key opportunities in Human Resource Outsourcing (HRO) market and outlines the factors that are and will be driving the growth of the industry considering the growth patterns to date with the forecast period 2021-2025.
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Human Resource Outsourcing (HRO) is a sustainable and competitive way to manage costs and allow an organization’s core resources to focus on strategic initiatives rather than managing transactional activities in HR operations. This has enabled HR professionals to be more strategic human resources managers by outsourcing some of the administrative and operational tasks. Comprehensive human resource outsourcing is achieved by outsourcing multiple processes and technologies such as benefits and payroll.
HR outsourcing (also known as HRO) is the process of subcontracting human resources functions to an external supplier. Business process validation has led many organizations to decide that it makes business sense to outsource some or all non-core activities to specialized vendors. The process of human resource outsourcing is beneficial for many companies as this concept makes business processes very economical and efficient. Such factors are driving the growth of Human Resource Outsourcing market. Also, a lot of tedious training is required to have a separate operational HR department. Therefore, business organizations prefer outsourcing as a solution. Such factors are fueling the human resource outsourcing market.
Factors such as loss of control over staff and lack of flexibility discourage organizations from adopting this outsourcing process. Also, this method prohibits the company from maintaining relationships with its employees, and it is also possible that the outsourced resource will not bring much benefit to the company. Such factors are hampering the growth of the Human Resource Outsourcing market.
In 2018, the global Human Resource Outsourcing (HRO) market size was US$ xx million and is expected to reach US$ xx million by the end of 2025, with a CAGR of xx% over the period 2019-2025.
This report focuses on Global Human Resource Outsourcing (HRO) status, future forecast, growth opportunity, key market and key players. The aim of the study is to present the development of human resource outsourcing (HRO) in the United States, Europe and China.
The key players covered in this study
Accenture Plc (Ireland)
Adecco SA (Switzerland)
Aon Hewitt LLC (USA)
Automatic Data Processing, Inc. (USA)
Capita HR Solutions (UK)
Ceridian HCM, Inc. (USA)
CGI Group Inc. (Canada)
Empower Software Solutions, Inc. (USA)
Fidelity Management and Research LLC (US)
General Outsourcing Co,Ltd. (Thailand)
Hewlett Packard Company (USA)
Infosys BPO Ltd. (India)
International Business Machines Corporation (USA)
Intuit, Inc. (USA)
Mercer, LLC (UK)
NGA Human Resources (UK)
Paychex, Inc. (USA)
Randstad Holding NV (Netherlands)
Talx Corporation (USA)
Talent2 International Ltd. (Australia)
TriCore, Inc. (USA)
Ultimate Software Group, Inc. (USA)
Xerox Corporation (USA)
Market segment by type into which the product can be divided
Outsourcing of performance management
Multi-process personnel outsourcing
Outsourcing of the recruitment process
outsourcing of learning services
Market segment by application, divided into
Market Segment By Regions/Countries This Report Covers
South East Asia
Middle and South America
The study objectives of this report are:
Analysis of Global Human Resource Outsourcing (HRO) status, future forecast, growth opportunity, key market and key players.
Presentation of the development of Human Resource Outsourcing (HRO) in the United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Human Resource Outsourcing (HRO) are as follows:
Historical year: 2014-2018
Base year: 2018
Estimated year: 2019
Forecast year 2019 to 2025
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This report provides a detailed analysis of the market and a thorough understanding of the Human Resource Outsourcing (HRO) market and its commercial landscape. Learn about the different market strategies being adopted by leading companies. It provides a five year forecast assessed based on the projected growth of the Human Resource Outsourcing (HRO) market. It provides insightful analysis of changing competitive dynamics and keeps you ahead of competitors. To understand the future scope and prospects of the Human Resource Outsourcing (HRO) market. Human Resource Outsourcing (HRO) Market Forecast, by regions, type and application, with sales and revenue, from 2021 share, distributors, major suppliers, changing price patterns, and the supply chain of raw materials are highlighted in the report.
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