Worldwide HR BPO market is expected to reach $24.6 billion in 2006, says Gartner
|Human resources business process outsourcing (HR BPO) continues to be a major component of the overall worldwide BPO market, as worldwide HR BPO is expected to reach $24.6 billion in 2006, an increase of 4.7 percent from $23.5 billion in 2005, according to Gartner, Inc. The overall worldwide BPO market is expected to reach $134.7 billion in 2006, an increase of 8.3 percent over 2005.|
HR BPO is the biggest component of the overall worldwide BPO market at 18.7
percent of the market. Payroll services and benefits
administration services comprise the largest segment of the total
worldwide HR BPO, together comprising nearly three-fourths of the market
in 2006. The remainder of the market is composed of education and
training, hiring and recruiting, and personnel administration services.