The global market for Human Resource Outsourcing (HRO), which was predicted to be worth US$32.8 billion in 2020, is expected to increase at a CAGR of 4.9 percent from 2020 to 2027, to reach US$45.8 billion.
Human Resource Outsourcing (HRO) is a cost-effective and sustainable approach of managing HR operations, allowing a company’s core resources to focus on strategic goals rather than transactional tasks. By outsourcing some administrative and operational chores, HR professionals have been able to become more strategic people managers. Multiple procedures and technology, including benefits and payroll, are offloaded as part of comprehensive human resource outsourcing.
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COVID-19 has the potential to have three major effects on the global economy: directly impacting production and demand, causing supply chain and market disruption, and having a financial impact on businesses and financial markets. Our analysts, who are monitoring the situation throughout the world, believe that the market would provide producers with lucrative opportunities following the COVID-19 dilemma. The purpose of the report is to provide a more detailed representation of the current circumstances, the economic slowdown, and the influence of COVID-19 on the total industry.
Global Human Resource Outsourcing (HRO) Devices Market Segmentation:
Global Human Resource Outsourcing (HRO) market segmentation by product type:
Payroll Outsourcing
Benefits Administration Outsourcing
Multiprocess Human Resource Outsourcing
Recruitment Process Outsourcing
Learning Services Outsourcing
Others
Global Human Resource Outsourcing (HRO) market segmentation by application:
BFSI
Healthcare
IT
Hospitality
Retail
Other
Global Human Resource Outsourcing (HRO) market segmentation by Key companies:
Equifax, Inc.
Aon Hewitt
NGA Human Resources
Paychex, Inc.
Cielo, Inc.
CGI Group, Inc.
Randstad Holding NV
Ceridian HCM, Inc.
Ultimate Software Group, Inc.
ADP LLC
Adecco Group AG
General Outsourcing Co. Ltd.
Mercer, LLC
Accenture PLC
Infosys BPM Ltd.
International Business Machines Corporation
Kronos, Inc.
Intuit, Inc.
Global Human Resource Outsourcing (HRO) market segmentation by region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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FREQUENTLY ASKED QUESTIONS?
Q1. What will be the Human Resource Outsourcing (HRO) Market Size From 2021 to 2028?
Q2. What is the CAGR of Human Resource Outsourcing (HRO) Market?
Q3. How can I get sample report of Human Resource Outsourcing (HRO) Market?
Q4. Which is the base year calculated in the Human Resource Outsourcing (HRO) market report?
Q5. Which are the companies profiled in the Human Resource Outsourcing (HRO) Market?
Q6. What are the segments of Human Resource Outsourcing (HRO) Market?
Q7. What is the impact of COVID-19 in Human Resource Outsourcing (HRO) Market?
Q8. Which market holds the maximum market share of the Human Resource Outsourcing (HRO) Market?
Q9. Which region is and will provide more business opportunities for Human Resource Outsourcing (HRO) Market in future?
Some TOC:
1 Market Overview
1.1 Product Definition and Market Characteristics
1.2 Global Human Resource Outsourcing (HRO) Market Size
1.3 Market Segmentation
1.4 Global Macroeconomic Analysis
1.5 SWOT Analysis
- Market Dynamics
2.1 Market Drivers
2.2 Market Constraints and Challenges
2.3 Emerging Market Trends
2.4 Impact of COVID-19
2.4.1 Short-term Impact
2.4.2 Long-term Impact
3 Associated Industry Assessment
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