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Payroll and Other Office Administrative Services in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Payroll and Other Office Administrative Services Market Research Report | ANZSIC N7291 | Mar 2016

Paying respect: Technological advancements have boosted profit for industry players

IBISWorld’s Payroll and Other Office Administrative Services market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 11-16
4.5%
Annual Growth 16-21
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Profit
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Employment
15,569
Businesses
10,729
Industry Analysis & Industry Trends

The Payroll and Other Office Administrative Services industry has benefited from higher demand for outsourced business services over the past five years. Demand has increased due to the perceived benefits of outsourcing ancillary or back office functions to specialist providers, which primarily involve reducing costs as it tends to be more expensive to perform these functions in-house. The industry comprises many small businesses that tend to service narrow regional markets. Larger players like ADP often service larger companies, but employ a small number of people due to software automation. The industry heavily relies on growth in downstream demand from markets such as financial and professional services firms... purchase to read more

Industry Report - Industry Investment Chapter

The Payroll and Other Office Administrative Services industry has a low level of capital intensity. For every dollar spent on wages, industry operators invest $0.04 in capital. This is because of the industry's service-based nature, as skilled employees that are trained in using customised payroll and accounting software are required to provide the industry range of services.

Capital requirements in the industry are small, and generally consist of computers and office equipment like photocopiers, fax machines, computers and telephone lines. Capital requirements are expected to have risen over the past five years as the industry's services have become increasingly automated, as companies increase their expenditure on software development in a bid to provide new products... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Payroll and Other Office Administrative Services Industry?

The industry includes companies that primarily provide a range of everyday office administrative services such as clerical, billing and record keeping, and also payroll services on a contract or fee basis. These companies support business operations but do not provide staff to carry out all operations of an organisation.

Industry Products
Billing and record keepingPayroll processingOther administrative services
 
Industry Activities
Billing and record-keeping servicesPayroll processing servicesClerical servicesReception servicesBusiness administrative servicesOther office administrative services


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