The Payroll Outsourcing (PO) market is one of the largest and most mature markets in the world. With high levels of penetration, the developed regions of North America and Europe are witnessing steady decline in growth into low single digits. The stellar performer now is the Asia Pacific (APAC) region, which has been growing at a much higher rate.
The high growth in the APAC PO market is expected to hold steady or show a slight rise, as it progresses from nascent stage to a more mature one. Two significant changes throw light on the market’s evolution on the demand as well as the supply side – rising buyer sophistication is driving adoption of more advanced forms of PO, and heightened activity in the provider landscape is motivated by the need for superior and specialized capabilities. In this paper, we examine these trends in detail and see how these and other changes will shape the future of this market.
The global RPO market witnessed good traction in 2016. Markets across the globe sustained their last year growths. The year 2016 has seen a few mega-sized deals being signed as well as significant activity in the mid- market space. As the market is…
