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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 | Feb 2015

Payrolling in it: Compliance requirements have boosted demand for industry services

IBISWorld’s Payroll and Other Office Administrative Services market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 10-15
6.1%
Annual Growth 15-20
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Profit
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Employment
24,634
Businesses
10,567
Industry Analysis & Industry Trends

The Payroll and Other Office Administrative Services industry has benefited from the private sector trend of 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. The industry relies heavily on the growth in underlying demand, which is affected by the number of businesses and the number of employees in the labour force, which both exhibit steady growth over the long term. Business confidence and business expenditure are also major drivers, as these influence an organisation's decision to outsource non-core activities to specialist service providers... purchase to read more

Industry Report - Starting a New Business Chapter

Barriers to entry for the industry are low, largely due to the high level of fragmentation and the large number of small enterprises. The majority of operators have fewer than 20 employees, which means potential players are able to successfully enter the market and cater to clients' needs, particularly in the business administrative services segment.

At the other end of the scale, large organisations tend to choose large players such as Automatic Data Processing Limited, due to the breadth of services they offer. Furthermore, given the low level of capital investment required in industry activities, potential entrants primarily require relevant software and skilled labour to start up operations... 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 also payroll services on a contract or fee basis. These companies support the operation of a business but do not provide staff to carry out all 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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