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Global Online Payroll Services Market Research Report 2021 - Impact of COVID-19 on the Market
SKU ID : Maia-19437689 | Publishing Date : 02-Nov-2021 | No. of pages : 107
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If your small business has employees, the main concern is to ensure that they receive timely and accurate compensation. Online payroll service allows you to manage your payroll yourself without having to hire a third party service
With the online payroll service, you can quickly extract information or perform calculations
Once you set up your online system, it only takes a few minutes to start the payroll. Your main task is to simply enter the number of hours each employee works each week and the system will do the rest.
Online payroll eliminates the need to hire an external payroll service or assign tasks to your employees, which helps reduce costs. By performing weekly updates yourself, you can reduce labor costs while saving little time from other features. As a business owner, any way to reduce costs can have a major impact on your profits.
The online payroll system allows you to manage payrolls at your convenience. If necessary, you can enter information at the last minute before you need to meet the payroll. You can also get information at any time without waiting for a third party to answer any questions.
Manual payroll systems typically require at least one person to export or manually calculate time and attendance information, calculate tax and benefit withholding taxes, prepare salaries, and submit forms to the IRS. This process can take several hours and must be completed during each payment period. Typically, online payroll services automatically perform these tasks, or, with approval, take only a few seconds and a few clicks.
The Online Payroll Services market revenue was xx Million USD in 2016, grew to xx Million USD in 2021, and will reach xx Million USD in 2026, with a CAGR of xx during 2021-2026.
Considering the influence of COVID-19 on the global Online Payroll Services market, this report analyzed the impact from both global and regional perspectives. From production end to consumption end in regions such as North America, Europe, China, and Japan, the report put emphasis on analysis of market under COVID-19 and corresponding response policy in different regions.
This report also analyzes the strategies for different companies to deal with the impact of COVID-19 in detail to seek a path to recovery.
Under COVID-19 Outbreak, how the Online Payroll Services Industry will develop is also analyzed in detail in Chapter 1.8 of this report.
Major Players in Online Payroll Services market are:
MyPayrollHR
PayUSA
Gusto
PAYweb
ADP
SurePayroll (Paychex)
OnPay
APS
Coastal Human Resource Group
Intuit
IOIPay
Square
BenefitMall
Most important types of Online Payroll Services products covered in this report are:
Basic Payroll Services
Enhanced Payroll Services
Full Service Payroll Services
Most widely used downstream fields of Online Payroll Services market covered in this report are:
Small Business
Midsized Business
Large Business
North America
Europe
China
Japan
Middle East and Africa
South America
India
South Korea
Southeast Asia
Others
In Chapter 3.4, the report provides analysis of the reasons behind price fluctuations.
In chapters 5, 6, and 7, the impact of COVID-19 on the different regions in both production and consumption end and SWOT analysis are pointed out.
In Chapters 8, the report presents company's recent development and strategies to deal with the impact of COVID-19.
2020
With the online payroll service, you can quickly extract information or perform calculations
Once you set up your online system, it only takes a few minutes to start the payroll. Your main task is to simply enter the number of hours each employee works each week and the system will do the rest.
Online payroll eliminates the need to hire an external payroll service or assign tasks to your employees, which helps reduce costs. By performing weekly updates yourself, you can reduce labor costs while saving little time from other features. As a business owner, any way to reduce costs can have a major impact on your profits.
The online payroll system allows you to manage payrolls at your convenience. If necessary, you can enter information at the last minute before you need to meet the payroll. You can also get information at any time without waiting for a third party to answer any questions.
Manual payroll systems typically require at least one person to export or manually calculate time and attendance information, calculate tax and benefit withholding taxes, prepare salaries, and submit forms to the IRS. This process can take several hours and must be completed during each payment period. Typically, online payroll services automatically perform these tasks, or, with approval, take only a few seconds and a few clicks.
The Online Payroll Services market revenue was xx Million USD in 2016, grew to xx Million USD in 2021, and will reach xx Million USD in 2026, with a CAGR of xx during 2021-2026.
Considering the influence of COVID-19 on the global Online Payroll Services market, this report analyzed the impact from both global and regional perspectives. From production end to consumption end in regions such as North America, Europe, China, and Japan, the report put emphasis on analysis of market under COVID-19 and corresponding response policy in different regions.
This report also analyzes the strategies for different companies to deal with the impact of COVID-19 in detail to seek a path to recovery.
Under COVID-19 Outbreak, how the Online Payroll Services Industry will develop is also analyzed in detail in Chapter 1.8 of this report.
Major Players in Online Payroll Services market are:
MyPayrollHR
PayUSA
Gusto
PAYweb
ADP
SurePayroll (Paychex)
OnPay
APS
Coastal Human Resource Group
Intuit
IOIPay
Square
BenefitMall
Most important types of Online Payroll Services products covered in this report are:
Basic Payroll Services
Enhanced Payroll Services
Full Service Payroll Services
Most widely used downstream fields of Online Payroll Services market covered in this report are:
Small Business
Midsized Business
Large Business
Major Region
s or countries covered in this report:North America
Europe
China
Japan
Middle East and Africa
South America
India
South Korea
Southeast Asia
Others
In Chapter 3.4, the report provides analysis of the reasons behind price fluctuations.
In chapters 5, 6, and 7, the impact of COVID-19 on the different regions in both production and consumption end and SWOT analysis are pointed out.
In Chapters 8, the report presents company's recent development and strategies to deal with the impact of COVID-19.
Years considered for this report:
Historical Years:
2016-2020Base Year:
2020Estimated Year:
2021Forecast Period:
2021-2026Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
