The UAE HR Outsourcing Services Market is projected to grow at a CAGR of 8.96% in the forecast period of 2022-27, cites MarkNtel Advisors in their recent research report. The market is driven by the growing investments & encouragement of the government, attracting several foreign investments for the establishment of industries and companies and promoting economic diversification of the country.
In addition, with the growing adoption of digitalization and the vast pool of social media platforms, different organizations are recruiting employees using such platforms, thereby stimulating the need for HR outsourcing services to identify the appropriate resource. Hence, the demand & popularity of these services is escalating across the UAE for the optimization & improvement of business & boosting the market growth.
Moreover, the increasing inclination of businesses toward the need for recruitment analysis, growing user awareness, & the use of intelligent technologies, are generating lucrative opportunities for the leading players to increase their service portfolio & offering to the users & stimulating the market growth during the forecast period, further states the research report, “UAE HR Outsourcing Services Market Analysis, 2022.”
Crucial Need for Timely Payroll Management to Drive the Market in the UAE
Based on the Services, Payroll services shall observe an accelerated demand and contribute significantly to the UAE HR Outsourcing Market during the forecast period. The market is driven by the growing establishment of businesses & companies in the country and their growing awareness about the perks of using the HR outsourcing services, catering greater efficiency to their business operations and expansion.
These advantages include legal, tax, & accounting support, ensuring that the employees receive their paychecks accurately & timely without risks or hassle. Moreover, as these services are delivered by an external provider, it allows the company to manage its payroll & simplify legislative compliance altogether and unburden the administrative team. Hence, the demand for payroll HR outsourcing services is escalating rapidly among different businesses in the UAE.
The leading players in the UAE HR Outsourcing Services Market are Sovereign Group, JAMS HR Solutions, Intelligent Business Technologies LLC (IBT), HLB HAMT, Nathan & Nathan, AMS International FZ LLC., Transguard Group, Dulsco, TASC Outsourcing, Ultimate HR Solutions, Sundus Recruitment Services LLC, Al Mansoor Enterprises LLC, Axxon HR Solutions, World Star Manpower Solutions, BCC Manpower Services, Naithils General Contracting LLC, Marmoom Manpower Solutions, Abu Dhabi Manpower Supply(ADMS), Gulf Oasis Manpower Supply LLC, and Spectra Force.
Key Questions Answered in the Research Report