Can HR Outsourcing Benefit an Organization?
This is a question that many organizations undergoing structural changes attempt to answer in the present business environment. Outsourcing functions such as production and developing software are perceived as “must-haves” for fast paced business plans. But HR, which has always been the heart of an establishment, is gradually opening up to outsourcing.”The HRO [Human Resources Outsourcing] market is set to grow to $3 trillion over the next five years, and just over a third of HRO potential has been currently delivered,” reported Dr. Anthony Hesketh, CRF (Corporate Research Forum) Project Researcher. The phenomenal growth of the outsourcing industry in the current business environment is an outcome of the breakneck speed of competition among organizations. Most companies believe that an absolute focus on its core functions and goals could leverage its overall performance. Of course, this is possible only when outsourcing partners can satisfactorily deliver routine and affiliate tasks an
