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Human Resource Outsourcing Market Emerging Growth by Accenture Plc, Adecco S.A., Aon Hewitt LLC, Automatic Data Processing, Capita HR Solutions, Cielo, Ceridian HCM

06-19-2019 12:33 PM CET | Business, Economy, Finances, Banking & Insurance

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Human Resource Outsourcing Market Emerging Growth by Accenture

Human Resource Outsourcing (HRO) is a sustainable and competitive method to manage costs and allow a company?s core resources to focus on strategic initiatives rather than managing transactional activities in HR operations. This has enabled HR professionals in being more strategic people managers by outsourcing some of the administrative and operational tasks. Comprehensive Human Resource Outsourcing is achieved by offloading multiple processes and technologies such as benefits and payroll.

HR outsourcing (also known as HRO) is the process of sub-contracting human resources functions to an external supplier. Reviews of business processes have led many organisations to decide that it makes business sense to sub-contract some or all non-core activities to specialist providers. The process of human resource outsourcing is beneficial to many companies since this concept makes business processes very economical and efficient. Such factors drive the growth of human resource outsourcing market. Also, a lot of tedious training is required to have a separate operational HR department. Thus, business organizations prefer outsourcing as a solution. Such factors boost the market for human resource outsourcing.

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Factors like loss of control over the staff, lack of flexibility restrains the organizations to adopt this outsourcing process. Also, this method prohibits the enterprise to maintain relationships with their employee, and it is also possible that the outsourced resource is not much benefit to the organization. Such factors hamper the growth of human resource outsourcing market.

In 2018, the global Human Resource Outsourcing (HRO) market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
This report focuses on the global Human Resource Outsourcing (HRO) status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Human Resource Outsourcing (HRO) development in United States, Europe and China.

The key players covered in this study
Accenture Plc (Ireland)
Adecco S.A. (Switzerland)
Aon Hewitt LLC (USA)
Automatic Data Processing, Inc. (USA)
Capita HR Solutions (UK)
Cielo, Inc.
Ceridian HCM, Inc. (USA)
CGI Group Inc. (Canada)
Empower Software Solutions, Inc. (USA)
Fidelity Management and Research LLC (USA)
General Outsourcing Co, Ltd. (Thailand)
Genesys (USA)
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 (The Netherlands)
Talx Corporation (USA)
Talent2 International Ltd. (Australia)
TriCore, Inc. (USA)
Ultimate Software Group, Inc. (USA)
Xerox Corporation (USA)

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Market segment by Type, the product can be split into
Payroll Outsourcing
Benefits Administration Outsourcing
Multiprocess Human Resource Outsourcing
Recruitment Process Outsourcing
Learning Services Outsourcing

Market segment by Application, split into
BFSI
Healthcare
IT
Hospitality
Retail
Other

Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America

The study objectives of this report are:
To analyze global Human Resource Outsourcing (HRO) status, future forecast, growth opportunity, key market and key players.
To present the Human Resource Outsourcing (HRO) development in 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:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

Table of Contents
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.4.1 Global Human Resource Outsourcing (HRO) Market Size Growth Rate by Type (2014-2025)
1.4.2 Payroll Outsourcing
1.4.3 Benefits Administration Outsourcing
1.4.4 Multiprocess Human Resource Outsourcing
1.4.5 Recruitment Process Outsourcing
1.4.6 Learning Services Outsourcing
1.5 Market by Application
1.5.1 Global Human Resource Outsourcing (HRO) Market Share by Application (2014-2025)
1.5.2 BFSI
1.5.3 Healthcare
1.5.4 IT
1.5.5 Hospitality
1.5.6 Retail
1.5.7 Other
1.6 Study Objectives
1.7 Years Considered
2 Global Growth Trends
2.1 Human Resource Outsourcing (HRO) Market Size
2.2 Human Resource Outsourcing (HRO) Growth Trends by Regions
2.2.1 Human Resource Outsourcing (HRO) Market Size by Regions (2014-2025)
2.2.2 Human Resource Outsourcing (HRO) Market Share by Regions (2014-2019)
2.3 Industry Trends
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Opportunities
12 International Players Profiles
12.1 Accenture Plc (Ireland)
12.1.1 Accenture Plc (Ireland) Company Details
12.1.2 Company Description and Business Overview
12.1.3 Human Resource Outsourcing (HRO) Introduction
12.1.4 Accenture Plc (Ireland) Revenue in Human Resource Outsourcing (HRO) Business (2014-2019)
12.1.5 Accenture Plc (Ireland) Recent Development
12.2 Adecco S.A. (Switzerland)
12.2.1 Adecco S.A. (Switzerland) Company Details
12.2.2 Company Description and Business Overview
12.2.3 Human Resource Outsourcing (HRO) Introduction
12.2.4 Adecco S.A. (Switzerland) Revenue in Human Resource Outsourcing (HRO) Business (2014-2019)
12.2.5 Adecco S.A. (Switzerland) Recent Development
12.3 Aon Hewitt LLC (USA)
12.3.1 Aon Hewitt LLC (USA) Company Details
12.3.2 Company Description and Business Overview
12.3.3 Human Resource Outsourcing (HRO) Introduction
12.3.4 Aon Hewitt LLC (USA) Revenue in Human Resource Outsourcing (HRO) Business (2014-2019)
12.3.5 Aon Hewitt LLC (USA) Recent Development
12.4 Automatic Data Processing, Inc. (USA)
12.4.1 Automatic Data Processing, Inc. (USA) Company Details
12.4.2 Company Description and Business Overview
12.4.3 Human Resource Outsourcing (HRO) Introduction
12.4.4 Automatic Data Processing, Inc. (USA) Revenue in Human Resource Outsourcing (HRO) Business (2014-2019)
12.4.5 Automatic Data Processing, Inc. (USA) Recent Development
12.5 Capita HR Solutions (UK)
12.5.1 Capita HR Solutions (UK) Company Details
12.5.2 Company Description and Business Overview
12.5.3 Human Resource Outsourcing (HRO) Introduction
12.5.4 Capita HR Solutions (UK) Revenue in Human Resource Outsourcing (HRO) Business (2014-2019)
12.5.5 Capita HR Solutions (UK) Recent Development
12.6 Cielo, Inc.
12.6.1 Cielo, Inc. Company Details
12.6.2 Company Description and Business Overview
12.6.3 Human Resource Outsourcing (HRO) Introduction
12.6.4 Cielo, Inc. Revenue in Human Resource Outsourcing (HRO) Business (2014-2019)
12.6.5 Cielo, Inc. Recent Development
13 Market Forecast 2019-2025
13.1 Market Size Forecast by Regions
13.2 United States
13.3 Europe
13.4 China
13.5 Japan
13.6 Southeast Asia
13.7 India
13.8 Central & South America
13.9 Market Size Forecast by Product (2019-2025)
13.10 Market Size Forecast by Application (2019-2025)
14 Analyst's Viewpoints/Conclusions
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.1.1 Research Programs/Design
15.1.1.2 Market Size Estimation
12.1.1.3 Market Breakdown and Data Triangulation
15.1.2 Data Source
15.1.2.1 Secondary Sources
15.1.2.2 Primary Sources
15.2 Disclaimer
15.3 Author Details

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