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Image by rawpixel.com on Freepik The State and Growth of the Human Resources Outsourcing Market Human resource outsourcing pertains to a business organization transferring one or more HRfunctions — even the entire human resources department — to a third-party provider. Why Do Companies OutsourceHRFunctions?
Professional Employer Organisation (PEO): In this model, the PEO becomes the employer of record for tax and compliance purposes, handling HRfunctions such as payroll, benefits, and compliance. Administrative Services Organisation (ASO): ASOs provide administrative support without entering a co-employment relationship.
Compensation Trends and Benchmarks Understanding the prevailing compensation trends and benchmarks is essential for businesses looking to hire talents in the Philippines. Industries with high demand for skilled workers, such as businessprocessoutsourcing (BPO) and technology, often set the standards for competitive salaries.
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