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.
Considering the influence of COVID-19 on the global Payroll Outsourcing market, this report analyzed the impact from both global and regional perspectives. From production end to consumption end in regions such as North America, Europe, China, and Japan, the report put emphasis on analysis of market under COVID-19 and corresponding response policy in different regions.
This report also analyzes the strategies for different companies to deal with the impact of COVID-19 in detail to seek a path to recovery.
Under COVID-19 Outbreak, how the Payroll Outsourcing Industry will develop is also analyzed in detail in Chapter 1.8 of this report.
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Major Players in Payroll Outsourcing market are:
Payescape
Dataplan
Payplus
MHR
Jeffreys Henry LLP
Payroll Options
1st Contact
Moorepay
FMP Global
Just Payroll Services
Crystal payroll Ltd.
SD Worx
ADP payroll
Sussex Payroll Services
Buzzacott
Most important types of Payroll Outsourcing products covered in this report are:
Hybrid
Fully outsourced
Most widely used downstream fields of Payroll Outsourcing market covered in this report are:
Retail
Institutions (BFSI)
Banking/Insurance
Telecommunication
Government
Travel and Hospitality
Major Regions or countries covered in this report:
North America
Europe
China
Japan
Middle East and Africa
South America
India
South Korea
Southeast Asia
Others
In Chapter 3.4, the report provides analysis of the reasons behind price fluctuations.
In chapters 5, 6, and 7, the impact of COVID-19 on the different regions in both production and consumption end and SWOT analysis are pointed out.
In Chapters 8, the report presents company’s recent development and strategies to deal with the impact of COVID-19.
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Frequently Asked Questions
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Years considered for this report:
Historical Years: 2018-2021
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2022-2030
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