HR and payroll outsourcing is on the rise across Europe according to new research by SD Worx, a leading European HR and payroll services provider, Palmbay Herald reports.
SD Worx's findings suggest three out of five organisations across the region are using or considering using a partner to ensure the smooth running of their payroll activities. And the average number of European companies that mostly or entirely outsource their payroll - or would consider doing so - has had a significant rise, from 16 per cent in 2020 to 21 per cent in 2021.
HR outsourcing is becoming increasingly appealing for companies feeling challenged by the fast-changing business environment and increasingly complex legislation. Payroll is now in the top three areas that HR managers consider most suitable for outsourcing; just behind HR process automation and compliance.
In Europe, Belgium (31.1 per cent), France (27.4 per cent) and Italy (25.9 per cent) are the top three countries most open to the idea of outsourcing HR and payroll in 2021.
In contrast with their European peers, UK businesses are much more likely to want to maintain control of some of the process-heavy responsibilities. 54.4 per cent of respondents want to undertake payroll calculations and make payments themselves.
Colette Philp - UK HR Country Lead, SD Worx - said, “With current disruption on the international business stage, and a complex legislative landscape to navigate, HR and payroll outsourcing is becoming more appealing to European leaders. However, UK organisations appear more invested in retaining control of processes internally.
“There’s a need to balance the control of basic processes and everyday activities with the desire to progress and focus on more strategic projects which will have a positive and longer-term impact on the business.
“The obvious places to start with outsourcing are tedious and error-prone daily tasks. This gives HR leaders peace of mind while freeing employees from mundane operations, giving them time to focus instead on the more challenging and interesting work that will help build a stronger company.”
Source: Palmbay Herald
(Quotes via original reporting)
HR and payroll outsourcing is on the rise across Europe according to new research by SD Worx, a leading European HR and payroll services provider, Palmbay Herald reports.
SD Worx's findings suggest three out of five organisations across the region are using or considering using a partner to ensure the smooth running of their payroll activities. And the average number of European companies that mostly or entirely outsource their payroll - or would consider doing so - has had a significant rise, from 16 per cent in 2020 to 21 per cent in 2021.
HR outsourcing is becoming increasingly appealing for companies feeling challenged by the fast-changing business environment and increasingly complex legislation. Payroll is now in the top three areas that HR managers consider most suitable for outsourcing; just behind HR process automation and compliance.
In Europe, Belgium (31.1 per cent), France (27.4 per cent) and Italy (25.9 per cent) are the top three countries most open to the idea of outsourcing HR and payroll in 2021.
In contrast with their European peers, UK businesses are much more likely to want to maintain control of some of the process-heavy responsibilities. 54.4 per cent of respondents want to undertake payroll calculations and make payments themselves.
Colette Philp - UK HR Country Lead, SD Worx - said, “With current disruption on the international business stage, and a complex legislative landscape to navigate, HR and payroll outsourcing is becoming more appealing to European leaders. However, UK organisations appear more invested in retaining control of processes internally.
“There’s a need to balance the control of basic processes and everyday activities with the desire to progress and focus on more strategic projects which will have a positive and longer-term impact on the business.
“The obvious places to start with outsourcing are tedious and error-prone daily tasks. This gives HR leaders peace of mind while freeing employees from mundane operations, giving them time to focus instead on the more challenging and interesting work that will help build a stronger company.”
Source: Palmbay Herald
(Quotes via original reporting)