siliconindia | | February 20214Outsourcing has become the favorite kid of every organization. It not only saves money, but makes time for the entrepreneurs to focus on their core competency and important works. But just like the olden days, having experts on board remains crucial. However, having a complete dedicated section to find the efficient workforce is no sign of intelligence. Hence like the smart does, it is all about outsourcing the work to consultants who holds years of experience in finding that gem out of the lot. Hence it is expected that the global HR outsourcing industry will grow nearly at a CAGR of 9.51 percent to reach $249.6 billion by 2026. This will largely be driven by increasing need to improve HR departments' operational efficiency, cut costs, streamline processes, and set up compliance management. Outsourcing also helps companies safeguard themselves with the every changing labor and employment laws, cost-effective access to professional skills, increased efficiency in the handling of critical but non-core functions and more. However, the past one year has changed the way even hiring is done. Use of latest technologies like AI, ML, video conferencing and more will be the highlighter for the HRO industry. Hence even they need to upgrade themselves to fit in the changing needs of the clients and the changing ways the HRs will function. In our current edition of siliconindia Magazine, we bring to you the story of few such HR outsourcing and consulting firms in our listing titled '10 Most Promising HR Consulting & Outsourcing Service Providers ­ 2021'. Our panel of experts together have shortlisted the names along with our Editorial Board. Read to know about them. Do let us know what you think!Anamika SahuManaging Editoreditor@siliconindia.comEditorialThe Changing Face of HR Industry Vol 09 · Issue 8 - 3 · Fabruary 09, 2021 Publisher Alok Chaturvedi Managing Editor Anamika Sahu Editorial Team Aveek Pal Chaudhuri Avinash Roy Chitra Mishra Mandvi Singh VP - Sales & Marketing Virupakshi Pattar Advertising Managers Editorial queries editor@siliconindia.com To subscribe Visit https://www.siliconindia.com/subscribe/ or send email to subscription@siliconindia.com Cover price is Rs.150 per issue. Printed and Published By Alok Chaturvedi on behalf of SiliconMedia Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017. Editor Alok ChaturvediCopyright © 2021 SiliconMedia Technologies Pvt Ltd, All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.advertise@siliconindia.comVisualisers Vetrivel S Sivasankar S Karthik KGroup Art DirectorAshok KumarNoidaAshu Sethi Garima Anand Circulation Manager Magendran PerumalAnupreethi Danila.D Chander Thyagaraj Felisha Rita Correspondents Sambit Satpathy Subhadarshani Mohanty
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