This is a service segment of the Process Outsourcing industry. It is an outsourcing relationship, as the name suggests, in which a third-party vendor is hired to take over a part or take over the entire functions of the HR of a client. This firm allows companies to decide which services will be outsourced and which will be managed in-house. An HRO could entail the provision of the specialist HR personnel on an outsourced basis or the specific services like employment laws, benefits, insurance, health, and pension programs. Many also provide payroll/compliance services.
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