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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 | Apr 2014

Back office boom: The trend towards office outsourcing drives industry growth

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
Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 09-14
4.5%
Annual Growth 14-19
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Profit
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Employment
26,347
Businesses
11,333
Industry Analysis & Industry Trends

The Payroll and Other Office Administrative Services industry has benefited from the private sector trend towards outsourcing business services over the past five years. The industry generates the bulk of its revenue from the payroll processing and billing segments, which have been the primary beneficiaries of the outsourcing boom. However, the sluggish general economy has contained the industry's performance since the late 2000s.

The industry relies heavily on business confidence and spending, as these influence an organisation's choice to outsource non-core activities to specialist service providers. The global financial crisis contributed to a decline in demand for industry services... purchase to read more

Industry Report - Industry Products Chapter

While the industry offers a diverse range of administrative services, payroll and billing services account for the largest shares of industry revenue. Specialist organisations are employed to perform specific tasks and do not form a part of their clients' direct workforce.

Payroll processing

Payroll services are expected to account for 70.0% of industry revenue. This segment's share of industry revenue is estimated to have increased over the past five years, as more companies have realised the economic savings and efficiencies of outsourcing payroll functions.

Services in this segment include payroll and leave entitlement calculations, superannuation management, termination and redundancy calculations and pay slip management... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Payroll and Other Office Administrative Services Industry?

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

Industry Products
Billing and record keepingBusiness administration Clerical services Payroll processingReception servicesOther administrative services
 
Industry Activities
Billing and record-keeping servicesPayroll processing servicesClerical servicesReception servicesBusiness administrative servicesOther office administrative services


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