Staff Benefits Outsourcing to Double
Filed in archive Outsourcing News on August 9, 2006
"Outsourcing staff benefits continues to grow and could double in the years to come".
This was the prediction given by analysts regarding staff benefits outsourcing which could have the potential to reach 22 Billion dollars in the next five years.
NelsonHall, an analyst firm remarked that outsourcing such industry is vital because there is a "need to offer staff more flexible benefit packages as part of Recruitment and retention initiatives. Aside from that, other reasons were also mentioned as factors of the industry's growth like:
a. increasing number of complex legislation
b. increased mergers and acquisition activity
c. globalization of business
d. aging workforce
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