Human Resource Outsourcing Market Opportunity, Demand, Trends and Analysis

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.

Technavio's analysts forecast the global HRO market to grow at a CAGR of 12.74% during the period 2016-2020.

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Covered in this report

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

Technavio's report, 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 vendors

Accenture

ADP

Aon Hewitt

IBM

Northgate Information Solutions

Other prominent vendros

Adecco

Affiliated Computer Services

Capgemini

Capita

Ceridian

CGI

Empower Software Solutions

Excellerate HRO

General Outsourcing

Genpact

HCL

Hexaware

HP

Mercer

MidlandHR

Neeyamo

Paychex

PeopleStrong

Pinstripe

Randstad Holding

Talent2

TCS

TriCore

Ultimate Software

Wipro

WNS

Xerox

Zalaris

Market driver

Cost reduction

For a full, detailed list, view our report

Market challenge

Dependency and loss of control...