Business Model >> HR Shared Services
We shall provide HR & IR strategic support on Retainership basis to the companies who manage HR at middle or junior levels or where HR Manager reports to a non-HR VP/Director.
We shall provide HR Services as an HR Vendor to the companies who do not have HR structure or plan to go for HR Outsourcing fully or partially HR Outsourcing is a mega-trend
Gartner forecast that 'HR Outsourcing Services' in the Asia-Pacific would achieve a phenomenal growth from $1.14 billion in 1999 to $2.56 billion by the end of 2004. More interestingly India’s share stands 33.3% of the Asia-Pacific market. This means a market of $ 1billion is available right now
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"HR Outsourcing"`Forecast Process in Asia-Pacific (US $ millions)
| 1999 | 2004 | |
| Pay Roll | 387.60 | 761.20 |
| Benefits admn | 285.00 | 535.65 |
| Training & Dev. | 182.40 | 555.99 |
| Recruitment | 137.94 | 347.98 |
| Personnel Admn | 82.08 | 167.16 |
| Other HR functn | 66.12 | 191.97 |
| HR Total (in $ billions) | 1.14 | 2.56 |
HR Outsourcing trend in India
Three models seem to be dominating the Indian scenario as per Gartner’s 1999 Study of BPO –
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