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Pulling the Curtain Back on Payroll Market Movement

Publisher IDC
Published Oct 18, 2023
Length 6 Pages
SKU # IDC18268996

Description

Pulling the Curtain Back on Payroll Market Movement


This IDC study examines the new energy that is powering into the market for payroll to navigate global disruption to talent and employment ecosystems without rules-oriented contraction in operations. Feeding off and into the new energy is the emergence of new models for managing payroll that leverage legacy records reconciliation – as in the case of PEO -, introduce new, narrower models for employment compliance risk sharing – as in the case for EOR apart from PEO -, and leverage advances in AI to grow more sophisticated for direct payroll management and use in outsourcing."The market for payroll is coming alive," says Zachary Chertok, research manager for Employee Experience and interim analyst for Modern HR Opportunities and Strategies. "New structures in employment management are coming forward to better enable global, cross-border pay and compliance as organizations remain in a state of term-to-term flux in their operating models, strategies, and decisions. What is often otherwise a very stable market segment in which organizations resist ripping and replacing their providers, payroll's spring has coiled and is now releasing some of its energy for growth potential as digital payroll deployments must meet modernized employee needs."

Please Note: Extended description available upon request.

Table of Contents

6 Pages
Executive Snapshot
New Market Developments and Dynamics
Setting the Stage for a Major Upgrade to Payroll Automation
Employee Experience Is Impacting Back-Office Automation
Payroll Feels the Need to Change to Grow
Advice for the Technology Supplier and service provider
Learn More
Related Research
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