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 Locations Chapter
The geographic spread of industry enterprises closely follows population distribution and density as the industry relies on labour to provide its services. The majority of businesses also 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. As such, the distribution of industry enterprises has changed only slightly over the past five years.
New South Wales accounts for the largest share of industry enterprises, which exceeds the state's share of national population... purchase to read more