Global: One of the global leaders of the IT services, Wipro, has bagged a deal of USD 1.5 Billion from the Illinois-based technology providers that involves its provision of technology-enabled wealth, health, HR and Finance solutions. This is the biggest deal for Wipro wherein Wipro will provide a comprehensive suite of services and solutions to Alight Solutions. This is Wipro’s second deal with Alight since in July, this year, it has already partnered with Alight for its HR services at a deal worth USD 117 million. This collaboration will positively impact the market of HR services and solutions
The second deal that include the partnership of Wipro with Alight’s HR services will leverage the HR services to Wipro wherein Wipro will focus to modernise Alight’s core technology assets and further automate its HR operations to elevate the end-user experience of Alient’s clients as it provides cloud-based HR and financial solutions and benefits administration to 1,400 clients serving 19 million employees and their 18 million family members. Alight HR Services India that is formerly known as Aon HR Services India was set up in September 2016, has about 9,000 employees and registered revenue of INR 1,132 crore in 2017-18, with its centres in Gurugram, Noida, Mumbai and Chennai. It provides HR services to a range of clients across the industry verticals like manufacturing, banking and financial, education, healthcare, energy & utilities and retail. The deal is made to ensure long-term relationship that will reshape the overall HR services industry by providing Alight’s clients with the depth and breadth of capabilities from the two industry-leading organizations. Thus, the HR services and solutions industry is rapidly gaining relevance among the other technology services.
According to BlueWeave Consulting, the era of digital transformation has already seen its dawn in the increasing phenomena of IT-intensive changes in every sector of the industry, starting from automobile, energy to various kinds of services, as well. The partnership of Wipro with Alight Solutions LLC will enable the digital transformation of Alight’s products and services offerings and will further enhance the customer satisfaction of Alight’s client by leveraging Wipro’s strengths in the field of cognitive automation, digital technologies and data analytics. As per the CEO of Alight Solutions, this industry-leading partnership with Wipro will help the company to focus on its core competencies related to wealth, health and cloud-based solutions to efficiently meets its client requirements and outsource the automation, innovation and digital technologies to Wipro.
According to an upcoming report by BlueWeave Consulting on “Global Payroll & HR solutions & Services Market 2018-2026”, the global payroll & HR services market is expected to witness a growth at a CAGR of 9.5% during the estimated period. The growth of the market is largely dependent on the rising adoption of cloud-based technologies by the HR solutions and services provider and their merger with the technology giants for the same as discussed in the above mentioned article as well. The market is further expected to increase in the upcoming future since it has the ability to lend the businesses with higher security and efficiency.