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HR Outsourcing Industry Procurement Intelligence Report | Increase in Supplier OPEX to Impact Procurement SpendSpendEdge has been monitoring the global HR outsourcing industry and the industry is poised to experience spend growth of more than USD 100 billion between 2017-2021 at a CAGR of over 12% during the forecast period. Request Free Sample Pages. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191127005351/en/ SpendEdge, a global procurement market intelligence firm, has announced the release of its Global HR Outsourcing Industry Procurement Intelligence Report. (Graphic: Business Wire) Read the 89-page research report with TOC and LOE on "The Global HR Outsourcing Industry - Procurement Intelligence Report, Pricing Outlook in Geographies that include APAC, North America, South America, and MEA, and insights into best practices to optimize procurement spend." Organizations are preferring to outsource functions such as recruitment and payroll services to focus on their core operations. HR service providers are facing a demand from such organizations as they leverage their robust technical infrastructure to provide HR-related services at cost-effective rates. By virtue of being well-versed with regional regulations, HR service providers ensure buyer's absolute adherence to the prevailing regulations and stay immune from any risks associated with non-compliance with these regulations. These capabilities are expected to draw investments into the HR outsourcing industry during the forecast period. In terms of spend growth, North America claims the highest share in the global HR outsourcing industry. The prevalence of stringent labor laws and the existence of organizations with multi-country payroll in North America are compelling buyers to outsource these functions to HR service providers. Meanwhile, in APAC, the shortage of skilled professionals is driving buyers to outsource the RPO functions to HR rcruitment firms. They leverage their established recruitment networks to reach a large number of candidates. Subscribe to our procurement platform to get instant access to over 1000 market-ready procurement intelligence reports without any additional costs or commitment. Insights into the industry pricing trends
What are the strategies to adopt to optimize procurement spend in this industry?
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About SpendEdge: SpendEdge shares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence reports and solutions. To know more, https://www.spendedge.com/request-free-proposal View source version on businesswire.com: https://www.businesswire.com/news/home/20191127005351/en/ |