About Payroll Outsourcing 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... Research Beam Model: Research Beam Product ID: 418733 2500 USD New
Global Payroll Outsourcing Market 2016-2020
 

Global Payroll Outsourcing Market 2016-2020

Global Payroll Outsourcing Market 2016-2020

Category : ICT & Media
Published On : February  2016
Pages : 62

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About Payroll Outsourcing

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

Technavios 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. 

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 

Key questions answered in this report 
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors? 

You can request one free hour of our analysts time when you purchase this market report. Details are provided within the report.
PART 01: Executive summary
Highlights

PART 02: Scope of the report
Market overview
Top-vendor offerings

PART 03: Market research methodology
Research methodology
Economic indicators

PART 04: Introduction
Key market highlights

PART 05: Market landscape
Industry overview
Market overview
Market size and forecast
Five forces analysis

PART 06: Product segmentation
Segmentation of global payroll services by coverage

PART 07: Geographical segmentation
Geographical segmentation of global payroll outsourcing market
Payroll outsourcing market in EMEA
Payroll outsourcing market in Americas
Payroll outsourcing market in APAC
End-user segmentation of global payroll outsourcing market

PART 08: Market drivers

PART 09: Impact of drivers

PART 10: Market challenges

PART 11: Impact of drivers and challenges

PART 12: Market trends

PART 13: Vendor landscape
Competitive scenario
Other prominent vendors

PART 14: Key vendor analysis
ADP
Ceridian
Genpact
NGA
Workday

PART 15: Appendix
List of abbreviations

PART 16: Explore Technavio
LOE
Exhibit 01: Product offerings
Exhibit 02: Segmentation of global BPO market
Exhibit 03: Global BPO market in public sector outsourcing
Exhibit 04: Global payroll outsourcing market by function
Exhibit 05: Global payroll outsourcing market 2015-2020 ($ billions)
Exhibit 06: Five forces analysis
Exhibit 07: Global payroll outsourcing market by coverage 2015
Exhibit 08: Geographical segmentation of global payroll outsourcing market 2015
Exhibit 09: Geographical segmentation of global payroll outsourcing market 2015-2020
Exhibit 10: Payroll outsourcing market in EMEA 2015-2020 ($ billions)
Exhibit 11: Payroll outsourcing market in Americas 2015-2020 ($ billions)
Exhibit 12: Payroll outsourcing market in APAC 2015-2020 ($ billions)
Exhibit 13: Payroll outsourcing demand by industry verticals 2015
Exhibit 14: Impact of drivers
Exhibit 15: Impact of drivers and challenges
Exhibit 16: ADP: Business segmentation by revenue 2015
Exhibit 17: ADP: Business segmentation by revenue 2014 and 2015 ($ billions)
Exhibit 18: ADP: Geographical segmentation by revenue 2015
Exhibit 19: Genpact: Business segmentation by revenue 2014
Exhibit 20: Genpact: Geographical segmentation by revenue 2014
Exhibit 21: NGA: Business segmentation by revenue 2014
Exhibit 22: Workday: Business segmentation by revenue 2015
Exhibit 23: Workday: Business segmentation by revenue 2014 and 2015 ($ millions)
Exhibit 24: Workday: Geographical segmentation by revenue 2015

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