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 Payroll Outsourcing market revenue was xx.xx Million USD in 2019, and will reach xx.xx Million USD in 2025, with a CAGR of x.x% during 2020-2025.
Under COVID-19 outbreak globally, this report provides 360 degrees of analysis from supply chain, import and export control to regional government policy and future influence on the industry. Detailed analysis about market status (2015-2020), enterprise competition pattern, advantages and disadvantages of enterprise products, industry development trends (2020-2025), regional industrial layout characteristics and macroeconomic policies, industrial policy has also been included. From raw materials to end users of this industry are analyzed scientifically, the trends of product circulation and sales channel will be presented as well. Considering COVID-19, this report provides comprehensive and in-depth analysis on how the epidemic push this industry transformation and reform.
In COVID-19 outbreak, Chapter 2.2 of this report provides an analysis of the impact of COVID-19 on the global economy and the Payroll Outsourcing industry.
Chapter 3.7 covers the analysis of the impact of COVID-19 from the perspective of the industry chain.
In addition, chapters 7-11 consider the impact of COVID-19 on the regional economy.
The Payroll Outsourcing market can be split based on product types, major applications, and important countries as follows:
Key players in the global Payroll Outsourcing market covered in Chapter 12:
Ernst & Young
KPMG
PricewaterhouseCoopers
Deloitte
In Chapter 4 and 14.1, on the basis of types, the Payroll Outsourcing market from 2015 to 2025 is primarily split into:
Hybrid
Fully outsourced
In Chapter 5 and 14.2, on the basis of applications, the Payroll Outsourcing market from 2015 to 2025 covers:
Retail
Institutions (BFSI)
Banking/Insurance
Telecommunication
Government
Travel and Hospitality
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2015-2025) of the following regions are covered in Chapter 6, 7, 8, 9, 10, 11, 14:
North America (Covered in Chapter 7 and 14)
United States
Canada
Mexico
Europe (Covered in Chapter 8 and 14)
Germany
UK
France
Italy
Spain
Russia
Others
Asia-Pacific (Covered in Chapter 9 and 14)
China
Japan
South Korea
Australia
India
Southeast Asia
Others
Middle East and Africa (Covered in Chapter 10 and 14)
Saudi Arabia
UAE
Egypt
Nigeria
South Africa
Others
South America (Covered in Chapter 11 and 14)
Brazil
Argentina
Columbia
Chile
Others
Years considered for this report:
Historical Years: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2020-2025
Table of Content
1 Payroll Outsourcing Introduction and Market Overview
1.1 Objectives of the Study
1.2 Overview of Payroll Outsourcing
1.3 Scope of The Study
1.3.1 Key Market Segments
1.3.2 Players Covered
1.3.3 COVID-19's impact on the Payroll Outsourcing industry
1.4 Methodology of The Study
1.5 Research Data Source
2 Executive Summary
2.1 Market Overview
2.1.1 Global Payroll Outsourcing Market Size, 2015
List of Tables and Figures
Figure Product Picture of Payroll Outsourcing
Table Product Specification of Payroll Outsourcing
Table Payroll Outsourcing Key Market Segments
Table Key Players Payroll Outsourcing Covered
Figure Global Payroll Outsourcing Market Size, 2015
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