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:
Kronos, Inc.
Randstad Holding NV
Paychex, Inc.
Accenture PLC
Mercer, LLC
International Business Machines Corporation
Intuit, Inc.
Equifax, Inc.
ADP LLC
Infosys BPM Ltd.
CGI Group, Inc.
Cielo, Inc.
Adecco Group AG
Ceridian HCM, Inc.
General Outsourcing Co. Ltd.
NGA Human Resources
Ultimate Software Group, Inc.
Aon Hewitt
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
Global Human Resource Outsourcing (HRO) Market Research Report 2022 - Future Opportunities, Latest Trends, In-depth Analysis, and Forecast To 2029
Chapter 1 Human Resource Outsourcing (HRO) Market Overview
1.1 Product Overview and Scope of Human Resource Outsourcing (HRO)
1.2 Human Resource Outsourcing (HRO) Market Segmentation by Type
1.2.1 Global Production Market Share of Human Resource Outsourcing (HRO) by Type in 2020
1.2.1 Type 1
1.2.2 Type 2
1.2.3 Type 3
1.3 Human Resource Outsourcing (HRO) Market Segmentation by Application
1.3.1 Human Resource Outsourcing (HRO) Consumption Market Share by Application in 2020
1.3.2 Application 1
1.3.3 Application 2
1.3.4 Application 3
1.4 Human Resource Outsourcing (HRO) Market Segmentation by Regions
1.4.1 North America
1.4.2 China
1.4.3 Europe
1.4.4 Southeast Asia
1.4.5 Japan
1.4.6 India
1.5 Global Market Size (Value) of Human Resource Outsourcing (HRO) (2014-2029)
Chapter 2 Global Economic Impact on Human Resource Outsourcing (HRO) Industry
2.1 Global Macroeconomic Environment Analysis
2.1.1 Global Macroeconomic Analysis
2.1.2 Global Macroeconomic Environment Development Trend
2.2 Global Macroeconomic Environment Analysis by Regions
Chapter 3 Global Human Resource Outsourcing (HRO) Market Competition by Manufacturers
3.1 Global Human Resource Outsourcing (HRO) Production and Share by Manufacturers (2020 and 2022)
3.2 Global Human Resource Outsourcing (HRO) Revenue and Share by Manufacturers (2020 and 2022)
3.3 Global Human Resource Outsourcing (HRO) Average Price by Manufacturers (2020 and 2022)
3.4 Manufacturers Human Resource Outsourcing (HRO) Manufacturing Base Distribution, Production Area and Product Type
3.5 Human Resource Outsourcing (HRO) Market Competitive Situation and Trends
3.5.1 Human Resource Outsourcing (HRO) Market Concentration Rate
3.5.2 Human Resource Outsourcing (HRO) Market Share of Top 3 and Top 5 Manufacturers
3.5.3 Mergers & Acquisitions, Expansion
Chapter 4 Global Human Resource Outsourcing (HRO) Production, Revenue (Value) by Region (2014-2022)
4.1 Global Human Resource Outsourcing (HRO) Production by Region (2014-2022)
4.2 Global Human Resource Outsourcing (HRO) Production Market Share by Region (2014-2022)
4.3 Global Human Resource Outsourcing (HRO) Revenue (Value) and Market Share by Region (2014-2022)
4.4 Global Human Resource Outsourcing (HRO) Production, Revenue, Price and Gross Margin (2014-2022)
4.5 North America Human Resource Outsourcing (HRO) Production, Revenue, Price and Gross Margin (2014-2022)
4.6 Europe Human Resource Outsourcing (HRO) Production, Revenue, Price and Gross Margin (2014-2022)
4.7 China Human Resource Outsourcing (HRO) Production, Revenue, Price and Gross Margin (2014-2022)
4.8 Japan Human Resource Outsourcing (HRO) Production, Revenue, Price and Gross Margin (2014-2022)
4.9 Southeast Asia Human Resource Outsourcing (HRO) Production, Revenue, Price and Gross Margin (2014-2022)
4.10 India Human Resource Outsourcing (HRO) Production, Revenue, Price and Gross Margin (2014-2022)
Chapter 5 Global Human Resource Outsourcing (HRO) Supply (Production), Consumption, Export, Import by Regions (2014-2022)
5.1 Global Human Resource Outsourcing (HRO) Consumption by Regions (2014-2022)
5.2 North America Human Resource Outsourcing (HRO) Production, Consumption, Export, Import by Regions (2014-2022)
5.3 Europe Human Resource Outsourcing (HRO) Production, Consumption, Export, Import by Regions (2014-2022)
5.4 China Human Resource Outsourcing (HRO) Production, Consumption, Export, Import by Regions (2014-2022)
5.5 Japan Human Resource Outsourcing (HRO) Production, Consumption, Export, Import by Regions (2014-2022)
5.6 Southeast Asia Human Resource Outsourcing (HRO) Production, Consumption, Export, Import by Regions (2014-2022)
5.7 India Human Resource Outsourcing (HRO) Production, Consumption, Export, Import by Regions (2014-2022)
Chapter 6 Global Human Resource Outsourcing (HRO) Production, Revenue (Value), Price Trend by Type
6.1 Global Human Resource Outsourcing (HRO) Production and Market Share by Type (2014-2022)
6.2 Global Human Resource Outsourcing (HRO) Revenue and Market Share by Type (2014-2022)
6.3 Global Human Resource Outsourcing (HRO) Price by Type (2014-2022)
6.4 Global Human Resource Outsourcing (HRO) Production Growth by Type (2014-2022)
Chapter 7 Global Human Resource Outsourcing (HRO) Market Analysis by Application
7.1 Global Human Resource Outsourcing (HRO) Consumption and Market Share by Application (2014-2022)
7.2 Global Human Resource Outsourcing (HRO) Consumption Growth Rate by Application (2014-2022)
7.3 Market Drivers and Opportunities
7.3.1 Potential Applications
7.3.2 Emerging Markets/Countries
Chapter 8 Human Resource Outsourcing (HRO) Manufacturing Cost Analysis
8.1 Human Resource Outsourcing (HRO) Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Price Trend of Key Raw Materials
8.1.3 Key Suppliers of Raw Materials
8.1.4 Market Concentration Rate of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.2.1 Raw Materials
8.2.2 Labor Cost
8.2.3 Manufacturing Expenses
8.3 Manufacturing Process Analysis of Human Resource Outsourcing (HRO)
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
9.1 Human Resource Outsourcing (HRO) Industrial Chain Analysis
9.2 Upstream Raw Materials Sourcing
9.3 Raw Materials Sources of Human Resource Outsourcing (HRO) Major Manufacturers in 2020
9.4 Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
10.1 Marketing Channel
10.1.1 Direct Marketing
10.1.2 Indirect Marketing
10.1.3 Marketing Channel Development Trend
10.2 Market Positioning
10.2.1 Pricing Strategy
10.2.2 Brand Strategy
10.2.3 Target Client
10.3 Distributors/Traders List
Chapter 11 Market Effect Factors Analysis
11.1 Technology Progress/Risk
11.1.1 Substitutes Threat
11.1.2 Technology Progress in Related Industry
11.2 Consumer Needs/Customer Preference Change
11.3 Economic/Political Environmental Change
Chapter 12 Global Human Resource Outsourcing (HRO) Market Forecast (2022-2029)
12.1 Global Human Resource Outsourcing (HRO) Production, Revenue Forecast (2022-2029)
12.2 Global Human Resource Outsourcing (HRO) Production, Consumption Forecast by Regions (2022-2029)
12.3 Global Human Resource Outsourcing (HRO) Production Forecast by Type (2022-2029)
12.4 Global Human Resource Outsourcing (HRO) Consumption Forecast by Application (2022-2029)
12.5 Human Resource Outsourcing (HRO) Price Forecast (2022-2029)
Chapter 13 Appendix