Lewes, DE -- (SBWIRE) -- 02/18/2016 -- Report forecast the global HRO market to grow at a CAGR of 12.74% during the period 2016-2020.

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 report covers the present scenario and the growth prospects of the global HRO market for 2016-2020. The report also presents the vendor landscape and a corresponding detailed analysis of the top five vendors operating in the market.

The market is divided into the following segments based on end-user:
- BFSI
- Manufacturing
- Services
- Others

According to the report, recruitment of new talents requires substantial investment involving time and cost for any company. Recruitment software automates the hiring process and helps companies reduce their overall cost involved in the process. This software also reduces the overall time taken by HR department to hire new talents.

Further, the report states that some organizations may lose control over their HR functions after outsourcing, as they become too dependent on the outsourced agency, and the organization runs the risk of not being able to operate independently.

Global Human Resource Outsourcing Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Human Resource Outsourcing Market: Accenture, ADP, Aon Hewitt, IBM and Northgate Information Solutions.

Other Prominent Vendors in the market are: Adecco, Affiliated Computer Services, Capgemini, Capita, Ceridian, CGI, Empower Software Solutions, Excellerate HRO, General Outsourcing, Genpact, HCL, Hexaware, HP, Mercer, MidlandHR, Neeyano, Paychex, PeopleStrong, Pinstripe, Randstad Holding, Talent2, TCS, TriCore, Ultimate Software, Wipro, WNS, Xerox, and Zalaris.

Market driver
- Cost reduction
- For a full, detailed list, view our report

Market challenge
- Dependency and loss of control
- For a full, detailed list, view our report

Market trend
- Increased adoption of cloud-based HRO
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 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?

Spanning over 75 pages and 25 Exhibit "Global Human Resource Outsourcing Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Economic overview, Market segmentation by end-user, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-human-resource-outsourcing-market-2016-2020

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