The Multi-country Payroll (MCP) solutions market is among the fastest-growing markets in the human resources outsourcing space, with many providers offering advanced payroll platforms to meet client expectations. While COVID-19 had little to no impact on the payroll process due to service providers' resilience and businesses' additional efforts, it did accelerate the digital transformation that had been underway in this sector over the last few years.
Payroll continues to be the single source of truth for employee data; thus, employers are looking for deeper people insights through their payroll solutions. Enterprises are on the lookout for providers that can help them comply with regulations and deliver actionable data on their workforce.
In this research, we analyze the MCP solution market and understand the key growth drivers, buyer adoption trends, and provider investments. The analysis is based on Everest Group’s annual RFI process for the calendar year 2021 (refer to the MCP Solutions PEAK Matrix® Assessment 2021 report for a detailed provider assessment), interactions with leading MCP solution providers, client reference checks, and an ongoing analysis of the MCP market.
Scope:
All industries and geographies
Deals for which the payroll calculation (gross-to-net) has been necessarily outsourced
Deals that have at least two countries in the scope
Deals for which the payroll solution (technology/platform) is included in the scope
Contents:
In this report, we study:
The impact of COVID-19 and the top objectives for various stakeholders in the MCP solutions market
The evolution of the MCP solutions market: market size, growth, expected growth, and deal trends across geographies, among others
Payroll is an important touchpoint in the employee life cycle, as nothing disengages an employee more than a delayed or incorrectly processed salary. Thus, adopting a more strategic approach to payroll has become the need of the hour. To support cont…
