The payroll service sector must be a brutal place to operate these days.
A survey from Bloomberg BNA found that, while 56 percent of businesses outsourced payroll in 2011, only 12 percent said they do in the latest survey.
That was one of the major findings of the Payroll Benchmarks and Analysis 2015-2016 survey. Since the recession officially ended, companies have been rapidly bringing payroll in house, the survey showed. In 2013, 21 percent said they outsourced it. That trend suggests that, in flush times, employers want to keep a close eye on payroll.
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Bloomberg said the survey indicated companies are far more likely to outsource IT and human resources functions than payroll.
Bloomberg received responses from more than 200 payroll professionals in compiling the report. The full survey is available on the BNA website for $359.
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Dan Cook
Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
