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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 is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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 SWOT Analysis Chapter

The Payroll and Other Office Administrative Services industry is in the growth stage of its life cycle. Over the 10 years through 2020-21, industry value added, a measure of the industry's contribution to the overall economy, is expected to increase by an annualised 4.0%. This is outperforming relative to growth in Australia's GDP of an annualised 2.6% over the same period. This is characteristic of a growth industry.

The industry is characterised by highly standardised products and services, well-known incumbent players and modest increases in participation. Although these factors are characteristic of a mature industry, the industry is currently in a quality growth phase... 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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