LOS ALTOS, Calif., Sept. 7, 2006 (PRIMEZONE) -- Summit HR Worldwide announced today its placement onto the first annual listing of the world's top outsourcing service providers: The Global Outsourcing 100. The list, published in a special advertising feature in Fortune(r) Magazine, was produced by the International Association of Outsourcing Professionals (IAOP) and defines the standard for excellence in outsourcing service delivery.
"Selection of the Global Outsourcing 100 was based on a rigorous application process looking at the critical factors for long-term outsourcing success. As the global standard-setting organization and advocate for the outsourcing profession, IAOP is pleased to be able to recognize Summit HR with this prestigious award," said Michael F. Corbett, IAOP executive director.
Summit HR was recognized as a Rising Star of the Global Outsourcing Industry for its expertise in Human Resource Outsourcing. Companies were selected for the Global Outsourcing 100 based on many criteria including size, growth, customer service, technical certifications, process expertise, the skills and training of their workforce, and the track record of the management team.
"We are honored to be ranked in the Global Outsourcing 100 List and to be recognized as a Rising Star," said Ranjan Sinha, Chairman and CEO of Summit HR Worldwide. "We fully support the role of the IAOP to set benchmarking standards and be an advocate for the industry. Our selection to the Global Outsourcing 100 list is a reflection of our pure commitment to HR services and to our great people, who are fully dedicated to serving the needs of our clients. It is our people who help us everyday to achieve our mission of enabling HR service providers to win more business. We deliver a superior service offering by pioneering a paradigm that drives process efficiency and quality."
About Summit HR Worldwide
Summit HR Worldwide is the only pure-play offshore HRO services firm providing a range of HR, payroll, tax filing, benefits, recruitment, and administrative outsourcing services solely to the leading HRO services providers, recruiting and staffing companies, and professional employer organizations (PEOs). Headquartered in Los Altos, Calif., with a state-of-the-art client service centers in Chennai, India, Summit HR has over 200 highly experienced HRO professionals, including 85 recruitment and staffing specialists, who understand the service needs and business dynamics of U.S. companies and their providers. For its clients, Summit HR processes one million paychecks a year, which represent a total value of $500 million. Summit distinguishes itself from other service providers with a world-class process expertise, Outsourcer to Outsourcer (O to O) service model and robust value proposition. Unlike many other offshore vendors that focus solely on labor arbitrage savings, Summit supports its clients with not only economic benefits but also strategic, operational, technology, human resources, and risk management benefits.
For more information, contact Ranjan Sinha at 650 823 6797 or visit www.summithr.com.
About the Global Outsourcing 100 List
The International Association of Outsourcing Professionals (IAOP) produces the Global Outsourcing 100. The list includes companies from around the world providing the full spectrum of outsourcing services, including information technology and business process outsourcing, as well as areas such as facility services, real estate and capital asset management, manufacturing and logistics.
Companies were selected by an independent panel of industry leaders. Judges for 2006 were: Jag Dalal, principal of JDalal Associates; David Barrett, partner, Simmons & Simmons; Michael F. Corbett, Executive Director, IAOP; Dr. Tina Dacin, Queen's School of Business (Canada); DJ Dalal, country manager (India) for engineering and technology sourcing for United Technology Corporation's Hamilton Sundstrand; Chris Disher, Vice President and head of outsourcing advisory services for Booz Allen Hamilton; Deborah Kops, Managing Director in charge of Global Sourcing Transformation, Deutsche Bank AG, London; Lisa Ross, CEO and Founder of FAO Research, Inc; and Atul Vashistha, CEO neoIT.
The full Global Outsourcing 100 list in available at: http://www.outsourcingprofessional.org/content/23/152/1197/.
About IAOP
The International Association of Outsourcing Professionals (IAOP) is the global, standard-setting organization and advocate for the outsourcing profession. IAOP's global membership encompasses almost 250 organizations from around the world representing almost every industry segment and functional activity. In total, more than 38,000 individuals working in the field of outsourcing are members or subscribers. For more information, visit www.outsourcingprofessional.org.