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PricewaterhouseCoopers has signed deals with two US companies to provide the bulk of their HR service in partnership with software provider PeopleSoft.
The deals mark the consultancy's move into the HR outsourcing market in the US, where it hopes to take on contracts for millions of employees. It will look for similar contracts with UK firms.
Under the agreements, signed at the end of December, the consultancy will administer all HR transactions using PeopleSoft software. It will take two years for the work to be transferred.
The names of the companies and the value of the deals have not been released.
In November 1998, Pricewater-houseCoopers signed a deal with PeopleSoft to develop a joint service for human resources.
"Software systems have become complicated and they are not always performing in the way companies want them to," said Neville McKay, partner in global HR solutions at Pricewaterhouse-Coopers.
The deals are similar to the ground-breaking agreement between new HR services provider Exult and BP Amoco. Exult is targeting the world's 500 largest companies (Personnel Today, 11 January).
