DUBLIN, October 17, 2014 /PRNewswire/ --
Dublin - Research and Markets (http://www.researchandmarkets.com/research/h7tfcl/global_payroll) has announced the addition of the "Global Payroll Outsourcing Market 2014-2018" report to their offering.
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Payroll outsourcing is being increasingly viewed as a distinct strategy among SMEs and large organizations with the role of payroll experts evolving with changing market dynamics. Payroll outsourcing primarily involves analysis of organizational data, computation of gross salaries, TDS, allowances, reimbursements of expenses, and filling of TDS.
Increasing work pressure, strategic role gaining in importance, low costs, and the enhanced quality of services is driving organizations to outsource their processes. An effective and well managed payroll system is an important element of a business in terms of retaining employees in their company. In addition, it helps in record maintenance and timely payroll process.
The analysts forecast the Global Payroll Outsourcing market will grow at a CAGR of 3.91 percent over the period 2013-2018.
This report covers the present scenario and the growth prospects of the Global Payroll Outsourcing market for the period 2014-2018. The Global Payroll Outsourcing market is categorized into three segments: Mid-market, National, and Multinational. The report covers the Americas, the EMEA and APAC regions; it also covers the Global Payroll Outsourcing market landscape and its growth prospects in the coming years.
The report, Global Payroll Outsourcing Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the market landscape and its growth prospects in the coming years. The report also includes a detailed discussion of the key vendors operating in this market and their market shares.
A rising trend in the market is the need for reduced expenditure. Many clients are adopting this technology as they can get instant access to applications whenever they need them, in addition to other advantages such as cost reduction, reliability, scalability, and agility.
According to the report, one of the major drivers of the market is the accuracy and accountability of expert payroll service providers. They are responsible for any mistakes in payroll processes and are also able to rectify them easily. This results in reduced workload and increased focus on other core activities.
Further, the report states that international outsourcing requires legal compliance with employee laws is one of the key challenges in the market. Concerns over compliance have long been one of the main inhibitors preventing firms from moving toward global operations.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key Topics Covered:
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
05. Introduction
06. Market Landscape
07. Market Segmentation by Category
08. Market Segmentation by End-users
09. Geographical Segmentation
10. Market Growth Drivers
11. Drivers and their Impact
12. Market Challenges
13. Impact of Drivers and Challenges
14. Market Trends
15. Trends and their Impact
16. Vendor Landscape
17. Key Vendor Analysis
18. Other Reports in this Series
Companies Mentioned:
- ADP
- Ceridian
- Genpact
- Northgate Arinso
- Caliber Point
- Cegadim SRH
- Excellerate HRO
- HP
- HR Access
- IBM
- Infosys
- Logica
- Steria
- TDS
For more information visit http://www.researchandmarkets.com/research/h7tfcl/global_payroll
Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net
