Global Human Resource Outsourcing (HRO) Market Research Report 2022 - Market Size, Current Insights and Development Trends

Global Human Resource Outsourcing (HRO) Market Research Report 2022 - Market Size, Current Insights and Development Trends

Human Resources Outsourcing (HRO) is one of the major sectors in the Business Process Outsourcing (BPO) domain. Companies lacking the financial, human and technological resources to handle critical functions of the human resource (HR) management generally opt for HR outsourcing services. As HR department plays a vital role in the overall satisfaction of the employees in any company, HRO has been increasingly gaining importance. By outsourcing common HR functions such as learning management, recruiting, compensation planning, performance management and succession planning, companies benefit in terms of cost savings as well as performance improvements. Companies with less employee strength are also willing to focus on outsourcing their human resource functions, as service providers are creating appropriate outsourcing models that suit the organization, providing employee productivity benefits.

The report focuses on the Human Resource Outsourcing (HRO) market size, segment size (mainly covering product type, application, and geography), competitor landscape, recent status, and development trends. Furthermore, the report provides strategies for companies to overcome threats posed by COVID-19.

Technological innovation and advancement will further optimize the performance of the product, enabling it to acquire a wider range of applications in the downstream market. Moreover, customer preference analysis, market dynamics (drivers, restraints, opportunities), new product release, impact of COVID-19, regional conflicts and carbon neutrality provide crucial information for us to take a deep dive into the Human Resource Outsourcing (HRO) market.

Major Players in the Human Resource Outsourcing (HRO) market are:

Randstad Holding NV
Kronos, Inc.
ADP LLC
Ultimate Software Group, Inc.
Cielo, Inc.
Accenture PLC
Aon Hewitt
Adecco Group AG
Equifax, Inc.
General Outsourcing Co. Ltd.
Infosys BPM Ltd.
Ceridian HCM, Inc.
CGI Group, Inc.
NGA Human Resources
Intuit, Inc.
Mercer, LLC
International Business Machines Corporation
Paychex, Inc.

On the basis of types, the Human Resource Outsourcing (HRO) market is primarily split into:

Payroll Outsourcing
Benefits Administration Outsourcing
Multiprocess Human Resource Outsourcing
Recruitment Process Outsourcing
Learning Services Outsourcing
Others

On the basis of applications, the market covers:

BFSI
Healthcare
IT
Hospitality
Retail
Other

Major Regions or countries covered in this report:

United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others

Years considered for this report:

Historical Years: 2017-2021
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2022-2029