Global Human Resource Outsourcing (HRO) Market Size, Status And Forecast 2019-2025 | Accenture Plc, Adecco S.A., Aon Hewitt LLC, Cielo, Inc., Genesys, Infosys BPO Ltd.
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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.
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)
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
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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)
1.6 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
3 Market Share by Key Players
3.1 Human Resource Outsourcing (HRO) Market Size by Manufacturers
3.1.1 Global Human Resource Outsourcing (HRO) Revenue by Manufacturers (2014-2019)
3.1.2 Global Human Resource Outsourcing (HRO) Revenue Market Share by Manufacturers (2014-2019)
3.1.3 Global Human Resource Outsourcing (HRO) Market Concentration Ratio (CR5 and HHI)
3.2 Human Resource Outsourcing (HRO) Key Players Head office and Area Served
3.3 Key Players Human Resource Outsourcing (HRO) Product/Solution/Service
3.4 Date of Enter into Human Resource Outsourcing (HRO) Market
3.5 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type and Application
4.1 Global Human Resource Outsourcing (HRO) Market Size by Type (2014-2019)
4.2 Global Human Resource Outsourcing (HRO) Market Size by Application (2014-2019)
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