Payroll Outsourcing Market PPT: Trends and Dynamics, Drivers, Competitive landscape and Future Opportunities

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Global Payroll Outsourcing Market Research and
Forecast Report 2021-2026




Author Elena Anderson, Marketing Manager
IMARC Group
Copyright IMARC Service Pvt Ltd. All Rights
Reserved
2019 IMARC All Rights Reserved
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About IMARC Group
Report Description
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Report Description and Highlights
Report Description
Global Payroll Outsourcing Market Research
Report According to the latest report by IMARC
Group, titled "Payroll Outsourcing Market Global
Industry Trends, Share, Size, Growth, Opportunity
and Forecast 2021-2026," the global payroll
outsourcing market reached a strong growth in
2020. Payroll outsourcing refers to the process
of outsourcing services to third-party
organizations for handling the administrative and
compliance functions of paying employees. Its
adoption aids enterprises in minimizing the costs
of purchasing and maintaining appropriate
software packages and hiring in-house trained
payroll staff. The essential functions of
payroll outsourcing include calculating employee
salary, maintaining employee records, computing
bonuses, distributing payroll and generating
payroll-related reports while complying with the
taxation laws of the government. This assists in
improving overall efficiency by saving additional
costs and time of the organization. It is also
employed to keep the users updated with foreign
tax legislation to avoid any potential
penalties. Request Free Sample Report
https//www.imarcgroup.com/payroll-outsourcing-mar
ket/requestsample
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Report Description and Highlights
Report Description
Global Payroll Outsourcing Market Trends The
market is primarily driven by the increasing
adoption of HR outsourcing across the globe.
Numerous companies are focusing on outsourcing
complex HR processes to enhance the cost and time
efficiency of their firm. They are widely
adopting payroll outsourcing services in an
attempt to reduce the complexities associated
with the in-house payroll related activities and
focus on core issues of their businesses to
ensure smooth functioning of the company. This,
in turn, is creating a positive outlook for the
market. Furthermore, extensive utilization of
big data and business analytics is expected to
facilitate the uptake of these services on the
global level. Apart from this, the current trend
of remote working among the majority of the
companies on account of the rapid outbreak of the
coronavirus disease (COVID-19) and the consequent
need for social distancing is acting as another
major growth-inducing factor. This has impelled
enterprises to shift to online payroll services
offered by service providers to streamline the
overall process. The market is further driven
by the rising preference for multi-country
payroll outsourcing (MCPO), bundling payroll
services and process automation across the
corporate sector. Several key players are also
providing hybrid payroll solutions that are
gaining widespread preference among end users.
These services aid in reducing the
confidentiality concerns by offering improved
control to users over confidential data. Looking
forward, the market value is projected to reach a
strong growth during the forecast period
(2021-2026).

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Report Description and Highlights
Report Description

• Market Summary
• Breakup by Type
• Full-Managed Outsourcing
• Co-Managed Outsourcing
•  
• Breakup by Application
• Small Business
• Medium Business
• Large Business
• Breakup by End Use Industry
• BFSI
• Consumer and Industrial Products
• IT and Telecommunication
• Professional Services
• Public Sector
• Healthcare
• Others

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Report Description and Highlights
Report Description

• Breakup by Region
• North America
• United States
• Canada
• Asia Pacific
• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Others
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Russia

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Report Description and Highlights
Report Description

• Latin America
• Brazil
• Mexico
• Argentina
• Columbia
• Chile
• Peru
• Others
• Middle East and Africa Turkey
• Saudi Arabia
• Iran
• United Arab Emirates
• Others
• Note We are updating our reports, If you want
  latest primary and secondary data (2021-2026)
  with Cost Module, Business Strategy, Distribution
  Channel, etc. Click request free sample report.

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Report Description and Highlights
Report Description

• Competitive Landscape with Key Players
• Accenture Plc
• Automatic Data Processing Inc.
• Deloitte Touche Tohmatsu Limited
• Hp Inc.
• Infosys Limited
• International Business Machines Corporation
• Intuit Inc.
• Paychex Inc.
• Wipro
• Workday Inc.
• Xerox Corporation
• Zalaris.
• View Full Report with TOC List of Figure
  https//www.imarcgroup.com/payroll-outsourcing-mar
  ket

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Partial List of Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
A partial List of our Clients
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Partial List of Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
A partial List of our Clients
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Report Description and Highlights
Report Description

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