Global Payroll Outsourcing Market Size, Share, Trends and Forecast 2016

Global Payroll Outsourcing Market Share and Size, Trends and Growth, Global Analysis and Forecasts 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.

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

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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

Table Of Content

PART 01: Executive summary

Highlights

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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...