Consolidation of payroll services market a likely consequence of rapidly evolving HR BPO market, says IDC.

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M2 PRESSWIRE-18 April 2005-IDC: Consolidation of payroll services market a likely consequence of rapidly evolving HR BPO market, says IDC(C)1994-2005 M2 COMMUNICATIONS LTD RDATE:18042005 LONDON - According to a recent study from IDC, the Western European payroll services market is valued at nearly $10 billion, making it a substantial services opportunity.

However, the market is also undergoing considerable change. This change has been particularly apparent in the demand for fully managed payroll services - with a growing trend towards services that include not only support of the payroll application environment and call center based support of the employee but also expansion into non-payroll HR services such as pensions administration and recruitment. With...