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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

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.

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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Table Of Content

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