Archive
By Staff Report
Jun. 2, 2005
B elow are charts from the Everest Group showing the number of employees covered under HR outsourcing contracts, the functions being outsourced, how costs are being affected and more.
| Coverage Expands Since the inception of multiprocess HR outsourcing seven years ago, the number of employees covered has increased by more than 100-fold, to 3.7 million as of March 31. |
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| Source: The Everest Group |
| Costs Come Down Competition among vendors and economies of scale have helped push down the price per employee for multiprocess HR outsourcing contracts by more than a third both for large and very large companies. |
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| Source: The Everest Group |
| Business On The Rise Since 2000, as the nascent multiprocess HR outsourcing industry took off, the total value of worldwide contracts has grown more than 250% to $12.5 billion in 2004. |
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| *As of March 31, 2005 Source: The Everest Group |
| Transactional Focus Not surprisingly, the more transaction-oriented the HR process, the more likely it is to be included in a multiprocess HR outsourcing contract, according to a March survey of 99 companies with such deals. |
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| Source: The Everest Group |
Workforce Management, June 2005, p. 54 —Subscribe Now!
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