MCPO market shows fastest global growth

The multi-country payroll outsourcing (MCPO) market, one of the fastest growing markets within the HR outsourcing sector, is now worth more than US$1bn (£653m) annually, according to US-headquartered business advisory firm Everest Group.
Thu, 28 May 2015

The multi-country payroll outsourcing (MCPO) market, one of the fastest growing markets within the HR outsourcing sector, is now worth more than US$1bn (£653m) annually, according to US-headquartered business advisory firm Everest Group.

The market has witnessed about 20% compound annual growth between 2012 and 2014, with momentum expected to continue in coming years, a new report from the group says.

The report, ‘Multi-Country Payroll Outsourcing (MCPO) – On the Verge of a Quantum Leap’, was published last week.

It found while North America and Europe were the largest markets, with firms headquartered in these areas being the primary users of MCPO, Asia Pacific and Latin America were the fastest growing.

Meanwhile, the group also found Europe has over taken Asia in global in-house centre (GIC) set up – a form of business outsourcing.

The group’s ‘Market Vista Q1 2015’ report, also published last week, showed Europe now accounts for a third of all GIC activity, surpassing Asia for the first time in Q1 this year.

Europe was particularly popular for manufacturing, distribution and retail firms, as well as local technology firms, setting up research & development centres. 

In the near future, the group expects such activity to increase in India.

  • Want to comment on this story? The Comment box is at the bottom of the page. Sorry for the glitch but just scroll right down and share your opinions!

 

Shorter and more flexible apprenticeships help government boost growth

Giving employers more flexibility over maths and English requirements will enable up to 10,000 more apprentices to qualify per year, says the government.

Legislation 11 February 2025

West Midlands mayor appoints team of experts to deliver Jobs for Everyone

Richard Parker, mayor of the West Midlands, has appointed 12 experts to help him tackle unemployment and deliver his ‘Jobs for Everyone’ priority.

11 February 2025

Our Melica proves she can ‘have it all’ on The Apprentice

Last week, the recruitment industry’s representative on the BBC’s The Apprentice took part in another challenge to win Lord Sugar’s £250k backing.

People 11 February 2025

Energize Group appoints Rees as non-executive director

Energize Group, a leading provider of SAP and cloud technology talent solutions, has appointed Dave Rees as non-executive director to its board.

People 11 February 2025
Top