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30/06-05   -   Pressmeddelande

IDC Sees Significant Growth Potential in Nordic Payroll Outsourcing Market

The most commonly outsourced human resources (HR) operation in Nordic companies is core HR management services, such as payroll, but the market is still at the evolving stage. However, IDC sees significant growth potential. According to a newly released IDC Nordic study, Nordic human resources management services spending will experience a compound annual growth rate (CAGR) of 10%–11.5% through 2009. According to IDC, the Nordic market reached a value of €260 million in 2004.

"While the main players in the traditional payroll software market extensively manage the Nordic payroll software market, the coverage of employees whose payroll is processed through outsourcing services only ranges between 10% and 25% in different Nordic countries," said Esa Peltonen, IDC research manager, IT Services. The biggest players in the payroll outsourcing market in the Nordics are often offering pan-Nordic services, but strong local players also have significant market share.

IT outsourcing is already a very common way of organizing IT operations more efficiently. Such processes as catering, cleaning, and real estate maintenance have often been outsourced for years now. The newest area of interest in the outsourcing business is business process outsourcing (BPO), and IT service providers have started to offer outsourcing services in such business process areas that involve extensive IT solutions. In the human resources area, offerings in payroll process outsourcing are a natural addition to IT companies that are experienced in the payroll software market. Hence the main players in Nordic payroll process outsourcing are IT companies that have a history as payroll solution providers. Also, some accountancy-related companies have taken a step forward in this business area.

In IDC´s HR and payroll BPO services research, HR outsourcing by definition means transferring ongoing management for repeatable transaction processing of a single or multiple HR functions. Usually, HR outsourcing deals primarily focus on the core HR processes of payroll, benefits, and HR records keeping. The newer areas that include HR outsourcing deals may encompass transformational elements that help optimize the workforce, in addition to core HR.

This IDC study series provides analysis of the competitive landscape and five-year forecasts for the four Nordic markets: Denmark, Finland, Norway, and Sweden. The studies cover HR outsourcing, HR consulting, and full service HR outsourcing, and analyze key factors influencing the scope of opportunities, with vendor profiles of the main players in the four Nordic countries. To purchase these documents, contact your local IDC office or visit www.idc.com.

Finland HR and Payroll BPO Services 2005–2009 Forecast and 2004 Vendor Shares (Doc #FI560528M)
http://www.idc.com/getdoc.jsp?containerId=FI560528M
Norway HR and Payroll BPO Services 2005–2009 Forecast and 2004 Vendor Shares (Doc #NO560529M)
http://www.idc.com/getdoc.jsp?containerId=NO560529M
Sweden HR and Payroll BPO Services 2005–2009 Forecast and 2004 Vendor Shares (Doc # SE560526M)
http://www.idc.com/getdoc.jsp?containerId=SE560526M

Denmark HR and Payroll BPO Services 2005–2009 Forecast and 2004 Vendor Shares (Doc # DK560527M)

About IDC
IDC is the premier global provider of market intelligence, advisory services, and events for the information technology and telecommunications industries. IDC helps IT professionals, business executives, and the investment community make fact-based decisions on technology purchases and business strategy. Over 775 IDC analysts in 50 countries provide global, regional, and local expertise on technology and industry opportunities and trends. For more than 40 years, IDC has provided strategic insights to help our clients achieve their key business objectives. IDC is a subsidiary of IDG, the world´s leading technology media, research, and events company. You can learn more about IDC by visiting http://www.idc.com/.

All product and company names may be trademarks or registered trademarks of their respective holders.

For more information, contact:
Per-Arne Sandegren
+46 (0)8 751 0415
psandegren@idc.com

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IDC Nordic
Kistagången 21
164 25 164 25 Kista, Sverige

  +46 (0)8 751 0415


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