Human Resource Outsourcing (HRO) Market 2016 - Global Industry to Grow at a CAGR of 12.74% by 2020
HRO refers to the practice of contracting enterprise functions to an external service provider to handle some or all of HR duties and tasks such as recruitment, payroll, training and development, employee policies, compensation and benefits administration, compliance management, pension and health benefits administration. Organizations outsource one or entire HR-related services to reduce costs and improve business productivity. The global HRO market to grow at a CAGR of 12.74% during the period 2016-2020.
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