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The Global Payroll Outsourcing Market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Payroll Outsourcing development in United States, Europe and China.In 2017, the global Payroll Outsourcing market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of during 2018-2025.
From a human resources viewpoint, the payroll section is critical since employees are sensitive to payroll errors and indiscretions: Good employee morale requires payroll to be paid timely and accurately. The main assignment of the payroll department is to confirm that all employees are paid accurately and timely with the correct withholdings and deductions, and that the withholdings and deductions are remitted in a timely manner.
Outsourcing is "an agreement in which one company hires another company to be responsible for an existing internal activity."[1] It often involves the contracting of a business process (e.g., payroll processing, claims processing), operational, and/or non-core functions, such as manufacturing, facility management, call center support).
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The key players covered in this study
IBM Corporation
Mckesson Corporation
Xerox Corporatio
Dell
Hewlett-Packard Company
HCL Technologies
Cognizant Technology Solutions
Siemens AG
Anthelio Healthcare Solutions
Tata Consultancy Services
Infosys Limited
Wipro Limited
Accenture PLC
Allscripts Healthcare Solutions
Market segment by Type, the product can be split into
Telemarketing Services
Order Management Services
Customer Services
Technical Support Service
Market segment by Application, split into
Retail
Institutions (BFSI)
Banking/Insurance
Telecommunication
Government
Travel and Hospitality
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
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The study objectives of this report are:
To analyze global Payroll Outsourcing status, future forecast, growth opportunity, key market and key players.
To present the Payroll Outsourcing development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Payroll Outsourcing are as follows:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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Release ID: 450775