Study: Majority Of HR Outsourcers Would Do It Again

Jan. 13, 2005
By John S. McClenahen An 80% majority of large North American and European companies that currently outsource at least one major human resources function would do it again, according to a study released last month by the Conference Board, a New ...
ByJohn S. McClenahen An 80% majority of large North American and European companies that currently outsource at least one major human resources function would do it again, according to a study released last month by the Conference Board, a New York-based business research group, and sponsored by Accenture, a management consulting firm. The HR programs most often fully outsourced are 401(k) plans, pensions and benefits, administration of stock options, and health benefits. Health benefits also lead the list of HR services most frequently partially outsourced, followed by training and development, and payroll. Some 71% of the companies outsourcing HR said they would extend or renegotiate contracts with current providers and 29% said they'd put outsourced services out for new bid. None, however, said they planned to bring the services back in-house. The study is based on a September 2003 survey of 122 companies with annual revenues above US$1 billion. Some 76% of the executives responding were from North America; 24% were from Europe.

Popular Sponsored Recommendations

7 Benefits of Adopting Smart Manufacturing

Aug. 9, 2023
Make smart manufacturing a reality.

Discrete and Process Manufacturing 2024 Trends and Outlook for North America

Oct. 29, 2023
Manufacturers are reaping the benefits of automation and cloud-based solutions. Discover what is driving today's industry trends and how they can shape your growth priorities ...

The Executive Guide to Best Practices for Ecommerce Integration

Oct. 2, 2023
Get ready to elevate your post-checkout experiences and thrive in today's unpredictable market. Learn why integration and automation are crucial to run operations more smoothly...

How Digital Twin Technology is Empowering Manufacturers

Sept. 27, 2023
This FAQ delves into why this technology offers business value and considerations toward implementation.

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!