Overview

IBISWorld’s Payroll Services Procurement Research Report offers purchasing insight into the Payroll Services market. Our analysis dissects pricing trends and the supply chain, including highlighting key suppliers and their financial benchmarks. The report also provides key pieces of take-away intelligence, such as negotiation question preparation and a buying decision scorecard, which includes factors weighted according to their importance in the decision-making process.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard
REPORT SNAPSHOT

Payroll Services - Recent Price Trend

In the three years to 2017, the price of payroll services has been increasing at an estimated average annual rate of 0.7%. This upturn has been facilitated by an expansion in demand for payroll services, although robust competition in the market has moderated the extent of this growth somewhat.As the economy has continued to strengthen during the past three years, the number of employees has...

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Payroll Services - Total Cost of Ownership

The total cost of ownership for payroll services is high, whereby additional expenses account for more than 100.0% of the benchmark price per year. In addition to a base fee per month, some vendors assess a surcharge per employee per payroll cycle, which ranges from $1.50 to $5.00. In addition, suppliers may charge fees for each processed paycheck or direct deposit, usually around $0.80 to $2.00...

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About this Report

This report is intended to assist buyers of payroll services. Vendors that provide payroll services collect wage and hour information from employers, which is used to print checks or make direct deposits, calculate employees' gross wages, prepare employment tax filings and subtract all necessary withholdings and deductions. This report does not include accounting services, tax accounting services or payroll software.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Regulation
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
  Imports
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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