HR outsourcing on the rise
Analysis of the outsourcing sector in 2015 has found that the use of external partners to handle HR services doubled compared to 2014.
The spend on HR outsourcing contracts in the first three quarters of 2015 has already surpassed the total value of contracts signed in 2014, according to data compiled by business process outsourcing (BPO) partner Arvato.
The arvato UK Quarterly Outsourcing Index reveals that organisations across the public and private sectors procured deals worth £338 million between January and September of this year – 50% greater than the total spend in 2014.
The growing demand for outsourced HR services includes both recruitment services and payroll.
The arvato research was carried out in partnership with industry analyst Nelson Hall. It indicates that organisations are procuring larger and longer HR outsourcing agreements.
According to the findings, average deal value has nearly quadrupled in the first three quarters of 2015 when compared with last year, with the length of contracts growing by 17%.
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