Thank you for sharing!

Your article was successfully shared with the contacts you provided.
HR Tech Concept Roughly 80 percent of enterprises are planning to purchase or upgrade their solutions in a talent platform in the coming years. (Photo: Shutterstock)

The demand for cloud-based payroll and other HR solutions – particularly talent management technology — is fueling the services market across the globe, expected to grow at a compound annual rate of 9.6 percent, to $416 billion in 2026, according to a Transparency Market Research report.

Payroll capabilities on the cloud are top priority because of the easier access they afford. “The need for an efficient management system further boosts the demand for payroll and HR solutions and services,” the authors write. “Moreover, a cloud-based service allows business outsourced payroll systems to scale up with employees joining and exiting.”

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

Katie Kuehner-Hebert

Katie Kuehner-Hebert is a freelance writer based in Running Springs, Calif. She has more than three decades of journalism experience, with particular expertise in employee benefits and other human resource topics.

More from this author

Dig Deeper



Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.