Outsourcing Of Payroll Function Sharply Declining, According To Bloomberg BNA Benchmark And Analysis Report
ARLINGTON, Va., June 1, 2015 /PRNewswire-USNewswire/ -- Bloomberg BNA today announced the release of its Payroll Benchmarks and Analysis 2015-2016 report, a comprehensive report on payroll operations, staffs, budgets, responsibilities and performance. This authoritative 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.
A key finding from this year's report is that, unlike other key operational areas such as information technology and human resources, businesses are increasingly less likely to outsource the payroll function. 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.
To learn more about Bloomberg BNA's Payroll Benchmark and Analysis 2015-2016 and order a copy, visit here.
About Bloomberg BNA
Bloomberg BNA, a wholly owned subsidiary of Bloomberg, is a leading source of legal, regulatory, and business information for professionals. Its network of more than 2,500 reporters, correspondents, and leading practitioners delivers expert analysis, news, practice tools, and guidance — the information that matters most to professionals. Bloomberg BNA's authoritative coverage spans a full range of legal practice areas, including tax & accounting, labor & employment, intellectual property, banking & securities, employee benefits, health care, privacy & data security, human resources, and environment, health & safety.
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SOURCE Bloomberg BNA
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