Outsourcing Leads Trends in Human Resources

HR.BLR.Com
According to payroll and human resources outsourcing firm Innovative Employee Solutions (IES), human resources functions will continue to be outsourced into the foreseeable future. IES estimates that 85% of businesses in the United States will outsource at least one component of HR functions through 2005. The functions most likely to be outsourced are back-office services, like payroll, benefits, and training. Another trend identified by IES is the increase in sending HR functions offshore. The worldwide offshore outsourcing market is currently estimated at $10 billion and is expected to grow 20% annually through 2008, according to the company. The growth is expected to be strongest in India, the Philippines, China, and Central and Eastern Europe. more...