Top 12 Payroll Outsourcing Companies in the World

The global payroll outsourcing market size reached US$ 9.3 Billion in 2023. The market is primarily driven by the expanding geographical reach of organizations and the consequent demand for cost-effective measures, such as payroll outsourcing, that enable the management to focus on key issues and run the business smoothly. In addition, the integration of digitized services, such as business analytics, big data and the cloud, represents another major growth-inducing factor. Besides this, the rising adoption of remote working culture is also contributing to market growth.

As per the analysis by IMARC Group, the top payroll outsourcing companies are introducing hybrid payroll solutions that enable companies to select customized payroll sub-services as per the requirement to protect confidential data. For instance, In September 2022 - Paychex, Inc., launched SaaS-based HR software solution, an advanced conversational artificial intelligence (AI) feature called Paychex Voice Assist. They are also offering different ways to manage payroll operations online to meet various needs of different organizations following remote working culture. Besides this, they are also engaging in mergers and acquisitions (M&As) and partnerships to strengthen their market foothold. For instance, In November 2021, ADP Group Companies acquired Integrated Design, Inc. (IDI) to integrate IDI’s expertise with ADP’s global reach and comprehensive HCM and Workforce Management solutions. Looking forward, IMARC Group expects the market to reach US$ 14.5 Billion by 2032, exhibiting a growth rate (CAGR) of 5.3% during 2024-2032.

Learn about opportunities, challenges, and trends in the global Payroll Outsourcing market with IMARC’s market research report. Try a free sample today!

List of Top Companies Operating in the Payroll Outsourcing Industry Worldwide:

The global payroll outsourcing market has several major players, including Accenture Plc, ADP Group Companies, Deloitte Touche Tohmatsu Limited, Hewlett Packard Enterprise Company, Infosys Limited, International Business Machines Corporation, Intuit Inc., Paychex Inc., Wipro, Workday Inc., Xerox Corporation and Zalaris. More information about these companies has been provided below. 

1. Accenture Plc

Accenture Plc is a multinational professional services company that provides consulting, technology, and outsourcing services to a wide range of clients across industries. These services include strategy consulting, digital technology implementation, and operational improvement. The company serves clients in more than 120 countries and has operations in North America, Europe, Asia Pacific, and Latin America. Besides this, the company is known for its expertise in digital technologies, including artificial intelligence, cloud computing, and blockchain.

2. ADP Inc.

 
ADP Inc. is a global provider of cloud-based human capital management (HCM) solutions, offering a range of services related to payroll processing, HR management, benefits administration, talent management, time and attendance, and compliance. It offers ADP Employer Services International, which provides payroll and HR solutions to businesses in over 140 countries, ADP TotalSource, providing HR outsourcing services to small and mid-sized businesses in the US, and ADP Retirement Services, that offers retirement plan services to employers and employees. Moreover, the company is consistently ranked among the world's largest HCM providers and has received numerous awards for its products and services, including recognition for its cloud-based solutions and mobile applications.

3. Deloitte Touche Tohmatsu Limited

Deloitte Touche Tohmatsu Limited (DTTL) is a multinational professional services firm that provides audit, consulting, financial advisory, risk management, tax, and related services to clients across a wide range of industries. It operates in more than 150 countries and territories, with over 330,000 professionals working in member firms around the world. The firm is organized into four key business areas: Audit & Assurance, Consulting, Financial Advisory, and Tax & Legal. In addition to its core services, Deloitte is also involved in a range of corporate social responsibility initiatives, including programs focused on sustainability, education, and community development.

4. Hewlett Packard Enterprise Company

Hewlett Packard Enterprise Company (HPE) is a multinational technology company that provides a range of products and services, including servers, storage, networking, software, and consulting services. Its business is organized into three primary segments: Hybrid IT, which includes servers, storage, and networking products; Intelligent Edge, which includes networking and mobility solutions; and Financial Services, which provides financing solutions for HPE products and services. It also serves a broad range of customers, including enterprises, small and medium-sized businesses, governments, and service providers. The company is known for its focus on innovation and is actively involved in research and development in areas such as artificial intelligence, edge computing, and the Internet of Things (IoT).

5. Infosys Limited

Infosys Limited is a multinational technology consulting and services company. It provides end-to-end business solutions, including consulting, digital transformation, and outsourcing services. The company operates across multiple industry verticals, including financial services, manufacturing, healthcare, retail, and energy. It also has a diverse workforce of over 270,000 employees, who are spread across development centers, sales offices, and delivery centers around the world.

6. International Business Machines Corporation

International Business Machines Corporation (IBM) is a multinational technology and consulting company that provides a range of products and services, including hardware, software, cloud computing, and cognitive computing. The company has been a leading player in the development of many key technologies, including mainframe computing, relational databases, and artificial intelligence. It also serves clients across a broad range of industries, including healthcare, financial services, manufacturing, and retail.

7. Intuit Inc.

Intuit Inc. is a financial software company that provides a range of financial management solutions for individuals, small businesses, and accounting professionals. The company is well-known for its flagship products, QuickBooks, TurboTax, and Mint that help small businesses manage their finances, invoicing, and bookkeeping and file their tax returns. It also provides professional tax solutions for accountants, tax preparers, and bookkeepers through its ProConnect brand. At present, the company has a global presence, with operations in the United States, Canada, the United Kingdom, and Australia.

8. Paychex Inc.

 
Paychex, Inc. is a leading provider of payroll, human resource, and benefits outsourcing solutions for small and medium-sized businesses in the United States. It offers a range of services, including payroll processing, employee benefits administration, HR management, time and attendance tracking, and regulatory compliance. The company's services are designed to help businesses save time, reduce administrative burden, and remain compliant with state and federal regulations. Paychex also serves a diverse customer base across a broad range of industries, including healthcare, hospitality, retail, and professional services. In addition to its core business services, Paychex also offers a range of value-added services, such as retirement planning, workers' compensation insurance, and employee screening services.

9. Wipro Limited

Wipro Limited is a multinational technology company headquartered in Bangalore, India. It provides a wide range of services, including information technology consulting, business process outsourcing, and software development. The company serves clients across a range of industries, including banking, financial services, healthcare, and retail. In addition, Wipro is known for its focus on corporate social responsibility and has implemented various initiatives to support education, healthcare, and community development.

10. Workday Inc.

Workday, Inc. is a leading provider of enterprise cloud applications for finance and human resources. Its flagship product is a cloud-based software suite that includes financial management, human capital management, and analytics applications. The company's solutions are designed to help organizations manage their finances, HR processes, and workforce planning more efficiently and effectively. It also serves a wide range of customers, from small and medium-sized businesses to large multinational corporations. Moreover, the company has a global presence, with operations in the Americas, Europe, and Asia Pacific.

11. Xerox Corporation

Xerox Corporation is an American technology company that provides a range of document management and printing solutions. Its products and services include printers, copiers, multifunction devices, and document management software. The company serves customers across a range of industries, including healthcare, education, government, and finance. Besides, Xerox is also known for its innovation and has been responsible for many technological breakthroughs in the printing and document management industry, including the first photocopier and the first laser printer.

12. Zalaris

Zalaris is a Norwegian company that provides cloud-based human capital management (HCM) and payroll services to businesses in Europe and the United States. Its services include payroll processing, time and attendance management, recruitment and onboarding, benefits administration, and HR analytics. The company's solutions are designed to help businesses streamline their HR processes, reduce administrative burdens, and remain compliant with local regulations.

About Author: