Wednesday, August 10, 2005

Growing HR Outsourcing

One out of 10 companies has done some HR outsourcing, but only about half of those companies have outsourced everything, estimated Michael Cornetto, a consultant at Watson Wyatt & Co. in Arlington, Va. But he said the market for total HR outsourcing is growing 30% per year.
Late last month, Whirlpool Corp. signed a 10-year deal to outsource HR business processes for 68,000 employees to Convergys Corp. in Cincinnati. A major reason was the need to improve HR technology, said Abby Luersman, vice president for HR solutions at Benton Harbor, Mich.-based Whirlpool.
Whirlpool was underinvesting in IT and needed "better decision-making with better data," Luersman said.
Whirl Pool is not alone, Technology Partners International Inc. (TPI), an outsourcing consultancy in The Woodlands, Texas, reported that so far this year, 14 companies with more than 10,000 employees have outsourced workforce administration.

The article is sponsored by A-1 Technology, Inc, an offshore outsourcing company. Also contact for software outsourcing and offshoring services like offshore software development and software development outsourcing