Global HR Outsourcing Category - Procurement Market Intelligence Report
About HR Outsourcing Market
Outsourcing of HR services helps firms to reduce operating cost as the expenses of outsourcing is relatively less compared with maintaining in-house capabilities. This is because cost components such as expenses related to recruitment and training, maintenance of HR and payroll software, office rents, and time/cost spent developing and improving internal processes, and managing the in-house team will get eliminated partially or fully.
Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global HR Outsourcing Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
SpendEdge’s report, Global HR Outsourcing Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
SpendEdge Announces the Publication of its Procurement Research Report – Global HR Outsourcing Category - Procurement Market Intelligence Report 2017-2021.
SpendEdge recognizes the following companies as the key suppliers in the Global HR Outsourcing Category - Procurement Market Intelligence Report: IBM, Accenture, Capgemini, Adecco, and Randstad.
Commenting on the report, an analyst from SpendEdge said: “Buyers must engage with HR service providers that offer a high level of technology adoption and innovation. Rapid advances in technologies such as the use of cloud-based HR management applications, IT advancements, and data analytics, are creating huge opportunities for organizations to optimize and increase the efficiency of their HR functions.”
According to the report, one of the key growth contributors for the global HR outsourcing market is the constantly growing need among organizations to reduce their operational cost and increase efficiency to counter rising competition.
Further, the report states that the loss of control over the outsourcing function is a major procurement challenge faced by category managers while outsourcing their HR activities. The buyers will be responsible for all legal compliance and will be solely responsible for any legal compliance failure by service providers.
IBM, Accenture, Capgemini, Adecco, and Randstad.
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