AP NEWS
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

HR Payroll Processing Services Market Procurement Intelligence Report | Evolving Opportunities With Paychex Inc and ADP LLC in the HR Payroll Processing Services Market | SpendEdge

February 6, 2020 GMT

LONDON--(BUSINESS WIRE)--Feb 6, 2020--

SpendEdge has been monitoring the global HR payroll processing services market and the market is poised to experience spend growth of more than USD 8 billion between 2019-2024 at a CAGR of more than 8% during the forecast period. Request Free Sample Pages.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200206005509/en/

Read the 121-page research report with TOC and LOE on “The Global HR Payroll Processing Services Market– Procurement Intelligence Report, Pricing Outlook in Geographies that include APAC, North America, South America, and MEA, top suppliers, supplier selection and negotiation strategies, and insights into best practices to optimize procurement spend.”

The increasing complexity of payroll operations owing to differing pay scales and pay cycles for workers is accelerating the demand for HR payroll processing services. Sectors such as manufacturing, retail, and healthcare with highly contingent labor force are emerging as prime end-users and accounting for a significant market share in the HR payroll processing services market.

Subscribe to our procurement platformto get instant access to over 1000 market-ready procurement intelligence reports without any additional costs or commitment.

The Top HR Payroll Processing Service Providers Enlisted in this Report:

Changing compliance requirements due to GDPR and other amendments will propel service providers’ compliance costs. Considering the probability, this report has listed the top HR payroll processing service providers, SLA agreement insights, and the selection and negotiation strategies that buyers must undertake to achieve optimal and cost-effective procurement in this market. Insights into some of the service providers are given below:

Paychex Inc – It will be prudent of buyers to ensure that this service provider clearly defines clauses pertaining to the ownership of subcontracted work (such as payroll software) to ensure consistency in services provided. This will assure the timely delivery of services, data security, and prevent potential legal risks to buyers while engaging with this service provider.

ADP LLC – Buyers are advised to determine the capability of this service provider to offer one-stop solutions by bundling payroll processing services with benefits and administration services. This will allow buyers to negotiate on the price of services and reduce the operational risks involved in coordinating with multiple vendors for different services.

Conduent Inc – Before finalizing the contract with this service provider, buyers must assess their own service requirements and the spread of business operations. This will allow them to integrate payroll services in different regions and address regulatory compliance complexities effectively.

Buy 1 report and get the second for 50% off. Buy 2 reports and get the third for free. Download the free sample of this report on the HR payroll processing services market.

Some of the key topics covered in this report are:

Free sample of reports that you may like:

About SpendEdge:

SpendEdge shares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence reports and solutions. To know more, https://www.spendedge.com/request-free-proposal

View source version on businesswire.com:https://www.businesswire.com/news/home/20200206005509/en/

CONTACT: SpendEdge

Anirban Choudhury

Marketing Manager

US: +1 630 984 7340

UK: +44 148 459 9299

https://www.spendedge.com/contact-us

KEYWORD:

INDUSTRY KEYWORD: PROFESSIONAL SERVICES HUMAN RESOURCES

SOURCE: SpendEdge

Copyright Business Wire 2020.

PUB: 02/06/2020 10:30 AM/DISC: 02/06/2020 10:30 AM

http://www.businesswire.com/news/home/20200206005509/en