Dallas, TX -- (SBWIRE) -- 05/30/2014 -- SandlerResearch.org adds Global Human Resource Outsourcing Market 2014-2018 new industry report in its store.
HRO refers to the outsourcing of one or more HR functions by other businesses or organizations in order to reduce labor costs and maximize efficiency. The objective of HRO is to penetrate all the HR services including HR planning, system design, and innovation, flow integration, employees’ degree of satisfaction, compensation planning, training, employee relations, and planning of enterprise culture. It consists of a contractual relationship for HR services with an external provider. It also helps organizations maintain competitive advantage by recruiting, managing, and retaining talented personnel.
Analysts forecast the Global Human Resources Outsourcing market will grow at a CAGR of 12.34 percent over the period 2013-2018.
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Exhibit 1: Outsourced HR Functions
Covered in this Report
The Global Human Resources Outsourcing market consists of three segments: Consulting, Outsourcing, and Human Resources Services.
Global Human Resources Outsourcing Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas and the EMEA and APAC regions; it also covers the Global Human Resources Outsourcing market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
- Aon plc
- Automatic Data Processing Inc.
- IBM Corp.
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Other Prominent Vendors
- Affiliated Computer Services Inc.
- Ceridian Corp.
- Empower Software Solutions Inc.
- Excellerate HRO Corp.
- General Outsourcing Co. Ltd.
- Mercer LLC
- NorthgateArinso UK Ltd.
- Paychex Inc.
- Pinstripe Inc.
- TriCore Inc.
- Ultimate Software
Key Market Driver
- Need to Cut Operational Costs.
Key Market Challenge
- Disconnection from Personnel.
Key Market Trend
- Emergence of Recruitment via Social Media.
Key Questions Answered in this Report
- What will the market size be in 2018 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?