Due to rising costs in both capital and manpower, to effectively negotiate complex federal and state compliance mandates while attempting to rein in operating overhead, many aggressive-growth private companies are outsourcing human resources functions previously handled in-house.
According to the Trendsetter Barometer, a periodic survey conducted by Big Four firm PricewaterhouseCoopers, the chief executives of 360 privately held product and service companies revealed that some 83 percent are currently outsourcing portions of their company's HR functions and planned to continue to do so over the next two years.
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