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 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 (office complexes or corporations), which are typically situated in urban and metropolitan business centres. While proximity to clients is not paramount, service providers can benefit from being in major business areas in order to capitalise on the breadth of prospective customers available from which to solicit business.
New South Wales accounts for the largest share of industry enterprises with 37.6%, which exceeds the states' share of national population and economic activity of 33% to 35% annually... purchase to read more