Tag: HR

contract staffing

Top Players in The Global Contract Staffing Service Market

The staffing industry is changing, and as a result, direct placement recruiters are turning to contract staffing companies. Contract staffing could prove beneficial for companies looking for improved cash flow and better relationships with clients. For organizations that are uninitiated with contract staffing, there’s nothing to fret. In contract staffing, there is only one additional step for the recruiter when compared to direct placement. This includes determining who is responsible for the basic tasks and functions such as employee on boarding paperwork, payroll funding and processing, taxes, insurance, collections, and ACA compliance issues. Organizations can either choose to handle these tasks themselves or outsource all of the burden to contract staffing companies.

SpendEdge’s latest procurement intelligence report on the global contract staffing market reveals actionable insights into the factors impacting contract staffing, the growth patterns in this sector, and the key supplier selection criteria:

contract staffing

Top contract staffing companies

Adecco  

The company is based in Zurich, Switzerland. Adecco is a Fortune Global 500 company and is one of the largest contract staffing companies in the world. Adecco, founded in 1957, was formerly known as Adia.  In the year 1990, it merged with Ecco, one of the leading contract staffing companies to form Adecco. In 2015, the company acquired Knightsbridge Human Capital solutions, a Canada-based market leader in career transition, leadership, and talent.

HR Consultancy Services

Top 5 Suppliers in the HR Consultancy Services Market

A majority of the start-ups and SMEs do not possess a strong HR function within their organization. Most of these organizations solely focus their efforts on core business functions that directly contribute to their growth, including sales, marketing, finance, and operations. With the increasing prominence of HR consultancy services, most organizations have started opting for such services to improve their HR function and boost productivity. The HR consultancy services market is primarily driven by the growth of digital HR services. An HR consultancy service provider offers a wide range of solutions such as SMAC tools for recruitment and training, cost-effective health and benefit solutions, and training regarding other HRIT tools. The suppliers in the HR consultancy services market are coming up with constant innovations boosting the growth of this market.

Request Free SampleHere are the top five prominent suppliers within the HR consultancy services market that are affecting the competitive landscape:

Mercer

Mercer is the industry leader in the HR consultancy services market, earning US$4.3 billion in the year 2016. Mercer operates internationally in more than 130 countries with its headquarters in New York City.

 Mercer

AON Hewitt

AON Hewitt is a US-based HR management consulting services firm with offices in 120 countries. The company merged with AON’s consulting arm to become a new subsidiary called AON Hewitt.

AON HewittAccenture

Accenture is a global consulting firm that provides professional services regarding, consulting, strategy, technology, and operations. Accenture started its journey as a business and technology consulting arm of Arthur Andersen.

Accenture

McKinsey

McKinsey is a worldwide management consulting firm that conducts qualitative and quantitative analysis to evaluate management decisions across various industries. It is one of the most prestigious management consultancies in the world.

McKinseyDeloitte Consulting

Deloitte Consulting unlike other suppliers providing management consultation also provides audit, tax, financial advisory, and enterprise risk services. In the US, Deloitte is the 6th largest privately-owned organization.

Delloite

Read more about HR consulting services market along with supply market landscape, pricing, and procurement insights in SpendEdge’s upcoming procurement report on the HR consulting services market.

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HR Outsourcing

What’s Changing the Dynamics of the HR Software Market?

The world of business is striving for efficiency and speed with the help of software and automation. Most of the business sectors are boosting their efficiency with minimal human intervention and efficient software tools. Human resource is no different, as software is Request Free Samplemanaging record keeping and information processing task regarding HR. An advanced HR software is capable of processing complex datasets on the payroll, attendance, leaves, appraisals, performance, and recruitment to derive accurate insights.

Advancements in software capabilities have enabled companies to shift their focus from managing administrative tasks to explore strategic aspects of HR. To keep up with the pace of development within the HR software market, developers are incorporating new features and capabilities every day.

Here are some of the trends changing the dynamics of HR software market:

Emergence of Gig Economy

Companies are finding out new ways to keep HR costs down and increase productivity. They do so by hiring independent and temporary workers, contractors, and freelancers to complete a particular task. The problem with such a kind of sourcing is that the company must constantly look out for such workforce. The developers are also incorporating a data-driven real-time analysis approach for such on-demand sourcing needs; thus, driving innovation in the HR software market.

Adoption of Gamification

Gamification has been trending in several business functions as a means to improve productivity. It can be implemented in the HR software to achieve business goals by improving talent acquisition and management, retain valued employee, motivating employee, and mapping career path. For instance, gamification of employee training participation can ensure a high rate of engagement; thereby increasing effectiveness.

Increasing Complexity of Performance Management System

The performance management system today is far more complicated than it used to be. It has evolved from numeric targets to assessments using multiple parameters, goal-based assessment, and dynamic team assessment. Both buyers and suppliers are looking for a solution for transparent goal tracking, incorporation of online assessment tools, and pulse surveys as a feedback mechanism; thus, changing the HR software market landscape.

Suppliers are also focusing on incorporating the latest techniques and trends such as AI, machine learning, and gamification, which are resulting in major changes in the HR software market landscape. SpendEdge’s procurement report on HR software market identifies recent trends in the HR software market and offers key insights on major suppliers, supply market highlights, pricing insights, and procurement insights.

View our latest success story to know more about the benefits of HR software and its impact on an organization’s profitability.

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HR

SpendEdge Webinar on 26th and 27th July – Outsourcing HR Services & the Importance of Performance Based Supplier Engagements

One of the primary concerns of the Human Resources (HR) component of any corporate entity is to ensure the continuous and productive development of their in-house human resource base. Unfortunately, due to a jack-of-all-trades categorization, the average HR unit is overwhelmed with a plethora of crucial tasks and cannot dedicate the desired chunk of attention to such activities as talent administration, leadership development, and service improvement. Is growing the HR team a viable and long-term answer to this conundrum?

Maybe, but that’s also a costly and time intensive proposition. Outsourcing HR services on the other hand ensures that an experienced offshore HR unit is bought into the picture that ensures a two-pronged advantage to the organization- 1) Help the company contain costs, and manage risks, while still enjoying competent HR services, and 2) Free up the in-house HR outfit to concentrate on more employee development initiatives

Insights on HR Outsourcing & Supplier Ties Based on Performance

On the 26th & 27th of July 2017, SpendEdge, the globally renowned procurement intelligence advisory firm, is hosting an insightful discussion on ‘Outsourcing HR Services & the Importance of Performance Based Supplier Engagements’. This webinar, conducted by expert luminaries from SpendEdge’s Bangalore based sourcing team, will deal with the following key considerations-

  • How HR outsourcing can help in driving transformation within the organization
  • How to enhance employee engagement through process improvements
  • Analyzing the impact of automation and data analytics on talent acquisition
  • Exploring the role of strategic supplier relationships in facilitating efficient human resource administration
  • Rise of multi-country and centralized outsourcing models for improved profitability and productivity

The webinar is scheduled for 45 minutes and is focused on helping business leaders understand the importance of setting up strategic partnerships with suppliers for HR services from the perspective of cost containment, risk management and employee development. Thanks to the quality HR services on offer, businesses can expect a satisfied workforce that is simultaneously more productive and engaged.

Sign Up to Explore the benefits of Outsourcing HR Services

If you are Manager/Director – Centre of Excellence,  Category Manager – Outsourced Services, or an HR professional taking care of HR Shared Services/HR Strategy/HR Core Process and wish to align your business in the general direction of improved productivity, collaboration and elimination of wasted movements and redundant strategies, tune in via the following channels at the appointed hour.EMEANA

Expert Speakers Discuss Actionable Insights

Our speakers have years of domain expertise in sourcing and procurement. They are natural problem solvers and have a penchant for spotting resourceful market insights when it comes to organizations and their attempts to better manage their spending and supply chains. A brief introduction to them follows.

Sanya Sehgal works with the sourcing team in the Bangalore office of Infiniti Research. She has experience in working across sectors such as media, pharmaceutical, automotive, and industrial services in the areas of procurement benchmarking, strategic sourcing, and quantitative market modelling, etc.

Parikshit Ghoshal is a part of the sourcing advisory team in the Bangalore office of Infiniti Research. He has 9+ years of experience in working across sectors such as F&B, automotive, media, telecom, IT, life sciences, and heavy industries in areas of procurement advisory, strategic sourcing, competitive benchmarking and analysis, and quantitative market modelling.

See you there. Please do reach out to us if you seek more information or clarification.

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