HR Services Market Technology, Industry Trend Application And Manufacturers Future Projections
Human Resource (HR) industry provides wide range of day-to-day office administrative services to employees, and clients including assistance with financial planning, billing, and record keeping, physical distribution, personnel, and logistics. HR (Human Resource) commonly refers to those individual which operate an organization. The Human Resource department is the critical component of every organization as they are responsible for variety of functions. HR department deals with employee relations. Payroll, hiring, firing, and regulation management of organization is the main function of HR department.
Increase in advancements in IT with predictive analytics in HR processes is expected to drive the global HR service market growth, in near future. Furthermore, increase in government initiatives is expected to boost the growth of global HR services market. For instance, in February 2020, Indian Railways HR services had launched new mobile application (HRMS Mobile App) for its employees. Moreover, in December 2019, Oasis had launched new Tech- Centered HR Management website, which enhances simplicity and efficiency of HR administration.
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However, high maintenance cost of HR management Software is the major restraining factor which is expected to hamper the growth of global HR services market growth.
Global HR Services Market Segmentation
Global HR Services Market is segmented into types such as Integration & Implementation, Consulting, Training and Education, and Support and Maintenance, by Enterprises such as Small and Medium Sized Enterprises, and Large Enterprises. Further, global HR services market is segmented into end user such as BFSI, Government, Healthcare, IT and Telecommunication, Healthcare, and Retail
Also, Global HR Services Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East and Africa.
Global HR Services Market Key Players
Various key players are discussed in this report such as Accenture, Adecco, Cielo, Inc., Genesys, Infosys, Paychex Inc., Oracle, IBM, Microsoft, Ceridian, Meta 4, and TriCore Inc.
Global HR Services Market Taxonomy
By Types
- Integration & Implementation
- Consulting
- Training and Education
- Support and Maintenance
By Enterprises
- Small and Medium Sized Enterprises
- Large Enterprises
By End User
- BFSI
- Government
- Healthcare
- IT and Telecommunication
- Healthcare
- Retail
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
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