HR benefits and administration services involve formulating, maintaining, and managing benefits for employees of an organization. Generally, these benefits include employee vacation and sick leaves, individual retirement accounts, pension plans, medical insurance, and maternity leave. HR benefits and administration services include employee communication, H&W administration, retirement administration, compensation administration, and leave management. This category will undergo a decelerating spend momentum owing to the rise in employee benefit costs.
Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global HR Benefits and Administration Services Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
The report, Global HR Benefits and Administration Services Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
Category driver
Category management strategy
Procurement best practices
Key questions answered in this report
You can request one free hour of our analyst’s time when you purchase this market report.
Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global HR Benefits and Administration Services Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
The report, Global HR Benefits and Administration Services Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
Category driver
- The need to comply with employee-related and healthcare regulations
Category management strategy
- Supply base rationalization
Procurement best practices
- Centralizing benefits administration functions and associated processes
Key questions answered in this report
- What are the market dynamics?
- What are the key market trends?
- What are the category growth drivers?
- What are the constraints on category growth?
- Who are the suppliers in this market?
- What are the demand-supply shifts?
- What are the major category requirements?
- What are the procurement best practices in this market?
You can request one free hour of our analyst’s time when you purchase this market report.
Table of Contents
PART 01: Executive Summary
PART 02: Market Insights
PART 03: Category Pricing Insights
PART 04: Cost-Saving Opportunities
PART 05: Best Practices
PART 06: Category Ecosystem
PART 07: Category Management Strategy
PART 08: Category Management Enablers
PART 09: Suppliers Selection
PART 10: Suppliers Under Coverage
PART 11: US Market Insights
PART 12: Category Definition
PART 13: Appendix
List of Exhibits:
Executive Summary
The following companies are recognised as the key suppliers in the Global HR Benefits and Administration Services Category - Procurement Market Intelligence Report: ADP, Aon, Xerox, Willis Towers Watson, Mercer, SECOVA.Commenting on the report, an analyst from the research team said: “One of the procurement best practices for buyers is to seek services that help in centralizing HR benefit processes and associated functions.”
According to the report, one of the key growth contributors for the global HR benefits and administration services market is the emergence of technological tools and platforms that help large organizations centralize HR benefits and administration processes.
Further, the report states that one of the key category management strategies for the buyers in the global HR benefits and administration services market is to minimize ad-hoc purchase to control maverick purchases, thereby increasing the spend visibility for this category and related spend areas.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains actionable insights to improve source-to-contract cycle performance in addition to a PESTLE analysis.
Companies Mentioned
- ADP
- Aon
- Xerox
- Willis Towers Watson
- Mercer
- SECOVA.
Methodology
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