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Overview

ProcurementIQ’s Payroll Services Procurement Research Report is a comprehensive guide to purchasing Payroll Services. This report offers strategic analysis of the factors influencing purchasing decisions, including price trends and three-year forecasts, input costs and demand factors, along with key suppliers and an analysis of the extended supply chain. Armed with the right procurement intelligence, your company will be able to make educated purchasing decisions.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard
REPORT SNAPSHOT

Payroll Services - Recent Price Trend

In the three years to 2018, the price of payroll services has been increasing at an estimated average annual rate of 1.7%, largely on the back of rising market demand. For example, as the economy has continued to strengthen during the past three years, the number of employees has risen in line with a declining rate of unemployment. A growing number of employees has added to the complexity of.

Payroll Services - Total Cost of Ownership

The total cost of ownership for payroll services is high. In addition to a base fee per month, some vendors assess a surcharge per employee per payroll cycle, which ranges from $1.50 to $5.00. These surcharges are common under the fixed plus variable pricing model. In addition, suppliers may charge fees for each processed paycheck or direct deposit, usually around $0.80 to $2.00 per.

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About this Report

This report is intended to assist buyers of payroll services. Vendors collect and tabulate payroll data such as hours worked and pay rates to generate paychecks, payroll reports and year-end tax forms. Operators also withhold government-sanctioned payroll taxes and other deductions from employees' paychecks and remit the amounts withheld to the appropriate authorities and plan administrators. This report does not include accounting services, tax accounting services or payroll software.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Regulation
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
  Imports
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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