123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Career >> View Article

What Are Some Of The Latest Trends In Outsourcing Hr Service

Profile Picture
By Author: Ajay Agarwal
Total Articles: 29
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Outsourcing is one of the most cost-effective ways of managing the HR department work by giving it to a third party company. This significantly reduces the labour cost and increases the efficiency tremendously. Every company wants to reduce its operational cost and increase efficiency, and so HR outsourcing market has seen a boom on a global scale. This has helped the company reduce the expenses on maintenance of HR payroll software rents and development costs. In recent years we have seen significant trends in this field.
Few of them are:


Cloud based HR Outsourcing

The use of cloud computing technology and the HR outsourcing field has increased by multiple folds. The software as a service model used has been able to reduce the high cost of labour, expand the scale of work depending upon demand and also to show improved efficiency. This software-based HR outsourcing system also includes management features which help them understand the clients as well as the employees so that they can take better decisions in the future. It is believed that the cloud-based HR outsourcing system will be adopted on a larger scale as the years go by.


Recruitment Process Outsourcing

One of the challenging task for any HR department of a company is to recruit the freshers. Now the companies don't have to worry about this problem due to the adoption of recruitment process outsourcing as a part of HRO. This method has proven to be very useful and low costing when it comes to the recruitment process. The RPO provided by the third party services HRO acts as an extended hand for the company's HR department and offered a comprehensive solution to the recruitment process. This trend would be continuing for more yours as the companies don't have to spend much on the own HR department works.


Increasing use of Big Data

Big data is a term which is being used on a larger scale in the corporate field. Big data has proven to shape multiple businesses and is also believed to improve HR analytics. Let us understand the term HR analytics. It means the process of understanding the data from the analysis of the employee-related factors and providing a holistic solution to it. Data such as the performance skillset workforce data and multiple other criteria build robust data which helps the HR department strategize the next move. This feature is integrated into the HR outsourcing services that the companies adopt. This has proven to increase the efficiency of the employer and adversely affect the company's growth.
So any business owner who is finding difficulties in managing the HR department can take advantage of the third party HR outsourcing companies and fill the vacant space. The HRO provides the complete solution to the company's needs. As the trend is not going away quickly, many companies will use it for their advantage and modernize their company and grow on a large scale in a cost-effective way. 
New Horizon is a leading HR consulting agency delivering HR consulting services across the country. 

Total Views: 32Word Count: 522See All articles From Author

Add Comment

Career Articles

1. Best Institute For Artificial Intelligence In Hyderabad
Author: socialprachar

2. 10 Tips For Giving Constructive Feedback
Author: Mannghatt

3. 15 Tips To Boost Productivity In Workplace
Author: Mannghatt

4. Which Is The Best Job Portals In India?
Author: Faidepro

5. Reasons Why You Should Become Graphic Designer

6. Details About Mpsc Competitive Exams
Author: indian academics

7. 10 Ways To Enjoy The Journey Of Achieving Goals
Author: Mannghatt

8. The Best Side Of Ielts Question Paper
Author: indian academics

9. Byju's A Learning App
Author: theglobalhues

10. Bachelor Of Design (b.des) Course Details – Admission Process, Eligibility & Top Colleges
Author: Gurukul school of design

11. How To Be A Millionaire
Author: theglobalhues

12. Asia Pacific Enterprise Content Management Market
Author: aarti

13. Global Acute Sinusitis Market
Author: aarti

14. Clinical Psychology – Career Scope & Earning Potential In India
Author: K.R. Mangalam University

15. Here’s Where To Get Your 3 Ton Ac Unit With A Heat Pump
Author: Butch Jouaneau

Login To Account
Login Email:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: