Growth in the Global Employer Of Record Services Market, Cloud-based hiring platform announced

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Global Employer Of Record Services Market to Post a CAGR of 6.5%?

According to the news we picked up this week, the global Employer of Record Services market size was valued at USD 131.9 million in 2022 and is forecast to be a readjusted size of USD 205 million by 2029 with a CAGR of 6.5% during the review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

Key players in the global Employer of Record Services market include Adecco, Randstad, and Aquent, which collectively hold a 10% market share. North America dominates the market with a share of around 40%. The aggregator model is the largest segment, accounting for approximately 70% market share. Small and medium-sized enterprises (SMEs) are the largest end-user segment, representing about 70% of the market.

This report by Absolute, provides a comprehensive analysis of the global Employer of Record Services market, covering both quantitative and qualitative aspects. It examines companies, regions, countries, types, and applications within the market. The report explores competition, supply and demand trends, and key factors driving changes in market demand across multiple markets. It includes company profiles, product examples from selected competitors, and market share estimates for leading players in 2023.

More on growth in the EOR segment

Employer of Record Market is Likely to Experience a Tremendous Growth in Near Future

Employer of Record Market 2023 Huge Demand, Growth Opportunities And Expansion By 2031

Another Cloud-based Hiring Platform?

Ampifire has launched Prosperix, a cloud-based hiring platform that connects employers with talented contingent workers. The platform utilizes a proprietary algorithm to match clients with top talent suppliers based on their past performance, applicant quality, and talent pools. Prosperix’s Hiring Marketplace promotes healthy competition among vendors, eliminating the need for traditional recruitment agencies and their associated fees. Hiring managers can now focus on assessing candidate qualifications, while Prosperix handles the entire vouching process.

Prosperix offers an end-to-end service, acting as the employer of record for selected contingent workers and managing payroll, statutory requirements, insurance, and benefits administration. This streamlined approach allows companies to concentrate on their core operations, while Prosperix ensures compliance with all legal obligations. By providing a cost-effective and tech-enabled solution, Ampifire aims to revolutionize the hiring landscape and empower businesses to build efficient and competitive workforces.

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