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 - Industry Locations Chapter
The geographic spread of industry enterprises closely follows population distribution and density. The majority of businesses tend to be located close to potential clients, which are typically situated in urban and metropolitan business centres. While proximity to clients is not paramount, being located in major business areas can offer a greater breadth of prospective customers.
New South Wales accounts for the largest share of industry enterprises with 37.6%, which exceeds the state's 32% share of national population. This over-representation reflects the heavy concentration of businesses in major urban centres such as Sydney, Newcastle and Wollongong... purchase to read more