Global Payroll Outsourcing Market 2016-2020

  • ID: 3619094
  • Report
  • Region: Global
  • 62 pages
  • TechNavio
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FEATURED COMPANIES

  • Accenture
  • Cegadim SRH
  • Excellerate HRO
  • HR Access
  • Logica
  • Paychex
  • MORE
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.

The 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

The 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 drivers
- Need for payroll cost visibility
- For a full, detailed list, view the full report

Market challenges
- Inability to offer proven services
- For a full, detailed list, view the full report

Market trends
- Improved usage of technology
- For a full, detailed list, view the full 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?

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FEATURED COMPANIES

  • Accenture
  • Cegadim SRH
  • Excellerate HRO
  • HR Access
  • Logica
  • Paychex
  • MORE
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: About the Author

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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FEATURED COMPANIES

  • Accenture
  • Cegadim SRH
  • Excellerate HRO
  • HR Access
  • Logica
  • Paychex
  • MORE
New Report Released: – Global Payroll Outsourcing Market 2016-2020

The author of the report recognizes the following companies as the key players in the Global Payroll Outsourcing Market: ADP, Ceridian, Genpact, NGA and Workday.

Other Prominent Vendors in the market are: Accenture, Caliber Point, Cegadim SRH, CGI, Excellerate HRO, HP, HR Access, IBM, Infosys, Logica, Neeyamo, Paychex, Ramco Systems, Safeguard, Steria, TDS and Workday.

Commenting on the report, an analyst from the research team said: “MNCs are increasingly outsourcing their payroll functions to external outsourcing providers. Cost reduction, risk management, improved management control, compliance, and business expansion are some of the important factors driving companies to outsource payroll functions in Latin America.”

According to the report, clients typically prefer vendors with domain expertise and those that conform to strict service levels agreements. The primary focus includes providing a hassle-free environment for HR professionals to drive and develop strategic activities, rather than spending time on administration and transactional duties.

Further, the report states that Payroll companies that have never dealt with unique aspects of payroll functions might unknowingly introduce errors into the payroll system, resulting in administrative problems.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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- ADP
- Ceridian
- Genpact
- NGA
- Workday
- Accenture
- Caliber Point
- Cegadim SRH
- CGI
- Excellerate HRO
- HP
- HR Access
- IBM
- Infosys
- Logica
- Neeyamo
- Paychex
- Ramco Systems
- Safeguard
- Steria
- TDS
- Workday.
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