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Press Release

Global Payroll Outsourcing Market Will Grow at a CAGR of 4.4% During Forecast 2016-2020

ResearchMoz added Latest Research Report titled " Global Payroll Outsourcing Market 2016-2020: Worldwide Market Size, Shares, Trends, Growth, Survey and Forecast report " to it's Large Report database.

This press release was orginally distributed by SBWire

Albany, NY -- (SBWIRE) -- 10/24/2016 -- 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 majority of payroll outsourcing functions are related to finance and accounting (F&A), human capital management (HCM), and shared service centers. The HR department uses outsourcing services more commonly than any other departments.

The global payroll outsourcing market to grow at a CAGR of 4.4% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global payroll outsourcing market for 2016-2020. To calculate the market size, the report considers the revenue generated from payroll services outsourced to third-party service provider.

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Technavio's report, Global Payroll Outsourcing Market 2016-2020, 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.

Key vendors
- ADP
- Ceridian
- Genpact
- NGA
- Workday

Other prominent vendors
- Accenture
- Caliber Point
- Cegadim SRH
- CGI
- Excellerate HRO
- HP
- HR Access
- IBM
- Infosys
- Logica
- Neeyamo
- Paychex
- Ramco Systems
- Safeguard
- Steria
- TDS
- Workday

Enquiry at: http://www.researchmoz.us/enquiry.php?type=E&repid=565564

Key questions answered in this report:
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

About ResearchMoz
ResearchMoz is the world's fastest growing collection of market research reports worldwide. Our database is composed of current market studies from over 100 featured publishers worldwide. Our market research databases integrate statistics with analysis from global, regional, country and company perspectives. ResearchMoz's service portfolio also includes value-added services such as market research customization, competitive landscaping, and in-depth surveys, delivered by a team of experienced Research Coordinators.

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For more information on this press release visit: http://www.sbwire.com/press-releases/payroll-outsourcing-market/release-735036.htm

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