Industry Analysis & Industry Trends
The Payroll and Other Office Administrative Services industry has benefited from the private sector trend towards outsourcing business services, although the sluggish general economy has contained the industry's performance since the late 2000s. However, 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 business sentiment 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 Investment Chapter
The Payroll and Other Office Administrative Services industry has a low level of capital intensity, with the majority of costs being related to labour. Industry operators allocate $25.33 labour for every dollar invested into capital equipment.
Capital requirements are small, generally consisting of computers and office equipment such as photocopiers, fax machines and telephone lines. Most tasks are performed by skilled employees using customised payroll and accounting software (e.g. MYOB). .. purchase to read more