STAMFORD, Conn.--(BUSINESS WIRE)--Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm, has launched a research study examining modern digital solutions and services for the payroll operations of both U.S. and multinational companies.
The study results will be published in a comprehensive ISG Provider Lens™ report, called Payroll – Solutions and Services 2022, scheduled to be released in June. The report will cover companies offering technologies and managed services that enable payroll operational transformation.
Enterprise buyers will be able to use information from the report to evaluate their current vendor relationships, potential new engagements and available offerings, while ISG advisors use the information to recommend providers to the firm’s buy-side clients.
Companies of all sizes, around the world, have begun to recognize that payroll is a critical part of the employee experience. This is leading many to seek digital technologies and managed services that will modernize payroll operations and increase their agility, resiliency and continuity.
“Payroll is a key function of any organization, and modernization allows companies to derive greater value from it,” said Jan Erik Aase, partner and global leader, ISG Provider Lens Research. “Future-proofing payroll with digital capabilities and services is essential in today’s rapidly changing employment environment.”
ISG has distributed surveys to more than 100 payroll solutions and services providers. Working in collaboration with ISG’s global advisors, the research team will produce three quadrants representing the digital services and products the typical enterprise is buying, based on ISG’s experience working with its clients. The three quadrants are:
- Managed Payroll Services: U.S., evaluating providers that can deploy and support fully managed payroll services incorporating a range of U.S.-specific payroll solutions. These providers can digitalize critical processes, including solution design, deployment of enabling platforms, automation, integration and ongoing services and support. Leading providers have broad, deep and mature platform technology and digital enablers, which may include cloud platforms, analytic insights, application programming interfaces and cognitive technology. Clear roadmaps and supporting investments in solutions and services are also essential. This quadrant will be divided between providers serving small enterprises with fewer than 1,000 employees and midsize and large organizations with more than 1,000 employees.
- Managed Payroll Services: Global, assessing providers capable of deploying and supporting fully managed payroll services for multinational organizations. They should offer a range of solutions to digitalize and modernize processes across multiple countries under a single governance model. The quadrant assesses the breadth, depth and maturity of offerings to support payroll operations for long-tail, multi-country populations, including enabling platforms and country calculation engines. Providers should have the delivery presence and capability to support all major geographies, along with roadmaps and supporting investments in multi-country services and solutions.
- Employer of Record (EoR) Services, covering companies that can provide co-employment service arrangements and operating models for multinational firms embarking on global expansions. They should be able to offer fully managed EoR services across multiple countries and regions under one governance model, including solution design and consulting, contracting and onboarding of co-employed workers, deployment, automation, integrations and managed HR and payroll services for contract workers. Providers are evaluated on factors including the breadth of local legal entities and operations they offer globally, their delivery presence in all major geographies and the maturity of their global employment platforms and digital enablers.
The reports will cover the global payroll solutions and services market and examine products and services available in the U.S. ISG analysts Pete A. Tiliakos, Venakat B. and Sandhya Hari Navage will serve as authors of the reports.
A list of identified providers and vendors and further details on the study are available in this digital brochure. Companies not listed as payroll solutions and services providers can contact ISG and ask to be included in the study.
All ISG Provider Lens™ evaluations now feature new and expanded customer experience (CX) data that measures actual enterprise experience with specific provider services and solutions, based on ISG’s continuous CX research. Enterprise customers wishing to share their experience about a specific provider or vendor are encouraged to register here to receive a personalized survey URL. Participants will receive a copy of this report in return for their feedback.
About ISG Provider Lens™ Research
The ISG Provider Lens™ Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG's global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG's enterprise clients. The research currently covers providers offering their services globally, across Europe, as well as in the U.S., Canada, Brazil, the U.K., France, Benelux, Germany, Switzerland, the Nordics, Australia and Singapore/Malaysia, with additional markets to be added in the future. For more information about ISG Provider Lens research, please visit this webpage.
A companion research series, the ISG Provider Lens Archetype reports, offer a first-of-its-kind evaluation of providers from the perspective of specific buyer types.
About ISG
ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 800 clients, including more than 75 of the world’s top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,300 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data. For more information, visit www.isg-one.com.
