Retirement plan administration and health and wellness programs lead the list of functions HR departments ask outside firms to perform.
% of firms additional %
outsourcing planning to outsource
HR Function now this year or next
Defined contribution
retirement administration 75% 1%
Health and wellness 52% 6%
Defined benefit
retirement administration 50% 5%
Stock administration 40% 6%
Deferred compensation 36% 3%
Payroll 22% 8%
Recruiting 9% 6%
Performance management 4% 5%
Source: Watson Wyatt
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