outsourcing

More Firms Outsourcing 'Personnel'

Filed in archive Outsourcing News on May 8, 2005

According to Illinois-based consulting firm Hewitt Associates, more US firms are outsourcing their personnel or human resources departments to bring down costs and utilize greater expertise.

The firm sampled 129 US companies with almost 2 million employees, and reported that 94 percent of companies outsource at least one human resources function and plan to expand HR outsourcing by 2008.

In the study, 91 percent of companies outsource outplacement services; 89 percent outsource employee-assistance programs; 83 percent outsource management of employees' 401(k) plans; and 68 percent outsource their defined-benefit pension plans.

Additionally, it was found that companies plan to rely on outside specialists to manage other functions such as payroll, recruiting, health and welfare, and global mobility services.

Permalink: More Firms Outsourcing 'Personnel'

Tags: outsourcing  human  more  firms  personnel  firms+outsourcing  more+firms  outsourcing+personnel 

Vote for More Firms Outsourcing 'Personnel':

  • Currently 8.00/10
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
Rating: 8.00 out of 2 vote(s) cast.
 
Share It
RSSrss
Google google
Yahoo! yahoo
Addthis Subscribe using any feed reader!
Bloglines Bloglines
TwitterFollow us on Twitter!
Most Popular   Basics   Believe It or Not   Best of   Best Practice   Did you know   Information about   Intelligence   Misc   Opinions & Insights   Outsourcing Advisors   Outsourcing Issues   Outsourcing News   Outsourcing Pros and Cons   Outsourcing Suppliers   Quick introduction   Resources   The Lighter Side of Outsourcing