Payroll Outsourcing: forecasts and trends to 2021
We are entering in the last quarter of 2017. As every year, in the world of business management, trends in different business sectors are analyzed. Today we will deal with the forecasts in the context of Payroll Outsourcing, or the market of services for payroll management. This year, analysts expect an increase with regard to companies that rely on external suppliers for the management of personnel administration. Specifically, it is expected a 5.56% in the period 2017-2021.
Even more in particular, the increase will cover the question of standardization of processes, technology and governance. With an eye to the problems associated with the geographical transition.
Payroll Outsourcing: the current situation
The outsourced payment processing segment is the fastest growing in the global market of Human Resource Outsourcing (HRO). The companies continue to turn to outside suppliers primarily to achieve cost reduction.
It can outsource a single job or the entire set of services to enhance the existing function.
Taking into account the percentage indicated above, we may well say that the growth is impressive.
On the other hand, in parallel, emphasis should be placed on data collected by companies who have not yet taken this step.
Companies that handle internally payroll, shifts and personnel administration in general, spend 20% more compared to organizations that have chosen the Outsourcing.
What are the benefits of outsourcing payroll services?
Both small and large businesses can enjoy many benefits by choosing the Outsourcing Payroll.
First, small organizations will benefit from professional support, having not a long experience in the field of personnel administration. For large enterprises, the support goes much further. Managing several employees and everything about them, talking about work, it requires not only money but also the investment of time and resources.
So we can summarize the benefits of outsourcing payroll service as follows:
- Major time to devote to core business
- Cost reduction as regards the physical and technical resources to be used in the service
- Greater experience in payroll management
- Speed
- Reliability
- Problem Solving
By contacting Gruppo La Meridiana, you’ll enjoy all these benefits. With the guarantee to partner with a company that deals with Outsourcing Payroll in different areas, for over a decade. For any information, contact us today.
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