June 02, 2005
Enthusiasm About HR Outsourcing Slowing
A recent survey of 135 companies by Watson Wyatt indicates that the majority of companies have not delved extensively into Human Resources Outsourcing, but plan to wade in to those waters very slowly and selectively. The report indicates that only 7 percent of surveyed companies stated that their HR department was "mostly outsourced." While a large majority of companies outsource transactional Human Resources activities such as 401(k) administration and pension administration (84% and 71% respectively), much fewer companies report outsourcing which extends much deeper. While the survey stated that 36% of respondents planned to expand their outsourcing operations in the next two years another 7% indicated that they will cutback in this arena. BLR Reports:
Despite much speculation otherwise, there is no headlong rush toward the total outsourcing of all HR services. Many companies that investigate full HR outsourcing alternatives choose to refine their existing delivery model rather than outsource everything."
Read More: Companies Selective When Outsourcing HR Functions
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