HRO: An Emerging Trend in It Sector

Abstract

The role of HR is going through a transition phase and has changed itself from a typical traditional non-productive area of operations to contributing and value adding core area towards strategic business goals. Today, every company is looking forward to cost effective methods of operations and at the same time HRO has emerged as one of the strongest tools for the same. Many developed countries like the U.S.A and many European countries have already adopted and executed HRO successfully. Now it is time for developing countries like India to adopt these things as companies are concentrating on their core business areas and many non-core HR activities are being outsourced. Outsourcing HR is growing all over the world, driven by the philosophy that if you do not have the ability to offer a world class service, then the best option is to partner with someone who has the ability. Attracting, retaining and developing workforce, and keeping abreast of the latest technology can prove difficult and costly for many organizations. Almost all businesses can benefit from some kind of outsourcing. But, the challenge is to decide which HR function to outsource and which to retain.