The Multi-Country Payroll Outsourcing (MCPO) is one of the fastest growing markets within the HR space. It grew at a rate of approximately 20% to reach ~US$1.2 billion in annualized revenue in 2014 and is currently dominated by only a handful of service providers. However, as a result of the rapid growth in evidence, providers are beginning to adopt new strategies to gain market share. While technology and partnerships continue to play an important role, providers are now coming up with innovative solutions to maximize their process and geographic coverage. Value-added services, such as mobility, analytics, and online dashboards, are also gaining importance. Hence, buyers need to look at the provider’s offer spectrum in its entirety to drive maximum cost and business impact for their organization.
In this research, we analyze the global MCPO market across the following dimensions:
This report gives an overview of the market and analyzes the areas in which service providers differentiate themselves. Based on the comprehensive Everest Group PEAK Matrix, each of the 16 MCPO service providers are segmented into Leaders, Major Contenders, and Emerging Players. Additionally, this report provides key insights on individual PEAK Matrix dimensions as well as service provider assessment and remarks about each of these providers. Some of the findings in this report are:
Everest Group has a complimentary four-page PEAK Matrix preview document for this service provider landscape report.