HR Outsourcing To Increase In 2009

HR Outsourcing To Increase In 2009

November 6 2008 - While HR outsourcing has remained relatively flat since 2005, it is expected to increase in 2009, according to the Everest Research Institute's annual Human Resources Outsourcing (HRO) market study. The most commonly outsourced HR functions include:

* payroll
* benefits
* employee data management
* information systems, and
* contact centers

The study states that all market segments show significant growth potential but mid-sized companies in North America and Europe are most likely to be the greatest outsourcers.



North America currently accounts for 70% of HRO transactions, although European buyers have shown significant activity in the last 3 years. The leading buyers of human resource outsourcing come from the following sectors:

* manufacturing
* financial services
* high-tech and telecom