Payroll
Fewer Organizations Outsourcing Payroll Functions, Says Report
A key finding in a new report from global information company Bloomberg BNA is that, unlike other key operational areas such as information technology and human resources, businesses are less likely to outsource the payroll function.
Jun. 16, 2015
A key finding in a new report from global information company Bloomberg BNA is that, unlike other key operational areas such as information technology and human resources, businesses are less likely to outsource the payroll function.
The Payroll Benchmarks and Analysis 2015-2016 report is a comprehensive overview of payroll operations, staffs, budgets, responsibilities and performance. The report covers a wide range of critical metrics and includes over 100 charts and tables and analysis designed to provide unmatched reporting on payroll department resources, obligations, workload, and performance across a broad spectrum of topics and measurements.
This year’s survey found that only 12 percent of businesses are outsourcing most or all of their payroll functions, down from 56 percent in 2011 and 21 percent in 2013.
“This seminal report offers a wealth of insights into critical payroll department operations and trends and provides valuable intelligence for human resources and payroll executives that want to stay on top of changes in the field and benchmark their operations against their peers,” said Matt Sottong, Bloomberg BNA’s Managing Editor, Surveys and Research Reports. “From staffing and expenditures to basic operations to systems, technology and automation, Payroll Benchmarks and Analysis 2015-2016 is the comprehensive resource for industry professionals.”
The report provides insights from over 200 payroll professionals representing a wide variety of enterprises, institutions and industries. Among the other areas covered in the report include the outsourcing of payroll functions and activities, the extent of domestic and international operations, speed and efficiency of payroll transactions, and the incidence and resolution of payroll errors, inquiries, and fraud.
Payroll Benchmark and Analysis 2015-2016 is available to subscribers of Bloomberg BNA’s Payroll Decision Support Network, a comprehensive resource providing payroll news, white papers, custom research answers, and webinars on the hottest payroll topics.