HRO Today Global Winter 2015 - 15

Spotlight on APAC
In 2013, APAC
accounted for a third
of all new MPHRO deal
signings. Consequently,
in terms of market share,
APAC now leads the
pack with a growth rate
that is more
than double of the
western world.
United States and Europe. However, as westernheadquartered
APAC companies started reaping
the benefits of outsourcing, the more mature Asian
companies started taking notice. And soon, the market
started witnessing a natural trickle-down effect of
MPHRO from the West to the East. The last two years
have seen a lot of traction in deal signings from the
region's headquartered companies. In 2013, almost 75
per cent of the MPHRO deals that were signed in APAC
were signed by APAC-headquartered companies.
* Country diversification. Australia has been a relatively
active MPRHO hotspot with Australian-headquartered
companies adopting MPHRO even before the rest of
APAC firmly hitched on to the bandwagon. However,
the latest spurt of growth has seen activity in newer
countries such as India, China, and Japan, as well as
Indonesia, Taiwan, and South Korea. This activity is
driven by companies headquartered in these countries as
well as West-headquartered ones. The larger economies
of India, China, and Japan are covered as part of both
single-country and multi-country deals, whilst the others
are primarily included in broader multi-country deals
This broad-based activity in APAC has been driven by
a number of factors: growth of HR as a concept with
maturing economies coupled with lack of internal HR
capability; access to affordable technology without capital
expense; process harmonisation and standardisation; better
business visibility and insights; and interestingly, familiarity
with the business process outsourcing (BPO) ecosystem
(especially in India and China).
WINTER 2015 | www.hroglobal.com
[15]
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HRO Today Global Winter 2015

Table of Contents for the Digital Edition of HRO Today Global Winter 2015

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