Global payroll outsourcing market to grow at a CAGR of 4.4% during the period 2016-2020


MarketResearchReports.Biz presents this most up-to-date research on "Global Payroll Outsourcing Market 2016-2020"

Payroll outsourcing is the fastest-growing segment of the global human resource outsourcing (HRO) market. Organizations are rapidly adopting payroll services to achieve cost reduction. They either outsource a single process or the entire services to enhance the existing function. Managing payroll in-house involves high costs. Organizations that maintain an in-house team for tasks such as payroll, time and attendance, workforce administration, and benefits administration spend 20% more than organizations that outsource the same functions.

 

The majority of payroll outsourcing functions are related to finance and accounting (F&A), human capital management (HCM), and shared service centers. The HR department uses outsourcing services more commonly than any other departments.

 

 

 

Technavios analysts forecast the global payroll outsourcing market to grow at a CAGR of 4.4% during the period 2016-2020.

 

 

 

Covered in this report

 

The report covers the present scenario and the growth prospects of the global payroll outsourcing market for 2016-2020. To calculate the market size, the report considers the revenue generated from payroll services outsourced to third-party service provider.

 

 

 

The market is divided into the following segments based on geography:

 

APAC

 

Americas

 

EMEA

 

 

 

Technavio's report, Global Payroll Outsourcing Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

 

 

 

Download Sample Copy of This Report at: http://www.marketresearchreports.biz/sample/sample/565564

 

 

 

Key vendors

 

ADP

 

Ceridian

 

Genpact

 

NGA

 

Workday

 

 

 

Other prominent vendors

 

Accenture

 

Caliber Point

 

Cegadim SRH

 

CGI

 

Excellerate HRO

 

HP

 

HR Access

 

IBM

 

Infosys

 

Logica

 

Neeyamo

 

Paychex

 

Ramco Systems

 

Safeguard

 

Steria

 

TDS

 

Workday

 

 

 

Market driver

 

Need for payroll cost visibility

 

For a full, detailed list, view our report

 

 

 

Market challenge

 

Inability to offer proven services

 

For a full, detailed list, view our report

 

 

 

Market trend

 

Improved usage of technology

 

For a full, detailed list, view our report

 

 

 

 

 

 

 

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Published in

Business

Published on

Aug 18, 2016

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