Pulling the Curtain Back on Payroll Market Movement

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."

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