DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Payroll Outsourcing Services Market 2017-2021" report to their offering.
The analysts forecast the global payroll outsourcing services market to grow at a CAGR of 5.56% during the period 2017-2021.
Global Payroll Outsourcing Services Market 2017-2021, 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.
One trend in market is rise of multi-country and centralized outsourcing models. Organizations are looking for outsourcing partners that have exposure to multiple countries and can handle all the recruitment functions using sophisticated methods such as benchmarking, best practices, and process improvement.
Globalization has toughened the competitive environment for outsourcing providers. India and China are considered to be the main countries receiving outsourcing projects.
One driver in market is growing need for payroll cost visibility. Economic and cultural globalization, the extension of manufacturing processes across geographies, and the widespread use of lean methodologies are driving demand for payroll cost visibility.
Transnational organizations often seek contracts that confer global visibility of costs and aggregate reporting of payments, employee data, and other services. Multi-country contracts provide flexibility and scalability that helps operators to venture into virgin markets. Clients typically opt for vendors with domain expertise and those that conform to strict service level agreements.
- Ceridian HCM
- NGA Human Resources
Other prominent vendors
- Caliber Point Business Solutions (Hexaware Technologies)
- CGI Group
- Hewlett Packard Enterprise Development
- Ramco Systems
- SafeGuard World International
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Five forces analysis
Part 07: Market segmentation by product
Part 08: Market segmentation by end-user
Part 09: Geographical segmentation
Part 10: Decision framework
Part 11: Drivers and challenges
Part 12: Market trends
Part 13: Vendor landscape
Part 14: Key vendor profiles
Part 15: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/fbc7km/global_payroll