Improved HR is another great advantage of outsourcing
business processes. Several market studies have shown that HR
outsourcing can lead to cost savings in the range of 20-40 percent for
customers. It also leads to improved HR. HR Business Process Outsourcing
(HR BPO) is a market that has experienced substantial growth over the
past few years and is now set for even more rapid expansion. This is
based on the fact that gradually more companies are looking at
outsourcing transactions and processes to create a more strategically
focused HR function.
Clearly, companies all over the world are getting motivated to
outsource their HR processes and transactions to run their HR functions
more efficiently, free the HR function to focus on strategic people
practices that drive growth and add to the organization's long term
success and facilitate their professionals to add value to their
business. Companies today, require complete domestic and global HR
delivery through systems and processes that can generate economies of
scale to reduce or eliminate their need to make future investments in
quickly outdated technology. Companies can save between 20-40 percent of
their HR costs, depending on their business priorities and the pace at
which they want to move.
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Business Process Outsourcing |