Monday, May 31, 2004

HR Outsourcing to Asia Pacific is Increasing

Sify reports payroll services is the largest component of HR being outsourced. Others mentioned include benefits administration, training, medical claims processing, payroll and recruitment.

"Outsourcing of human resource functions in Asia Pacific grew 17.52 per cent annually between 1999 and 2004 and
will touch $2.56 billion by the end of this year, according to a study."

"Hewitt conducted the HR Outsourcing Study in the fall of 2003 and the survey of 524 companies reporting on 697 offices in Asia-Pacific region revealed that 39 per cent of the offices had already outsourced their HR processes."

OffshoreXperts.com - Offshore Outsourcing Marketplace

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