Outsourcing 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!