Number of payrolls processed This research also looks at the total number of payrolls processed by payroll departments. The trends broadly follow the previous years, with the majority of teams responsible for one, or two to five payrolls. It’s likely these teams are based in- house. Although this could indicate the majority of payroll teams are based in-house, the CIPP wouldn’t suggest the results should be interpreted in this way. 16.05% of respondents processed more than 101 payrolls, with 2.47% processing more than 1,000 payrolls. Outsourced payroll services continue to play an important and significant role in the payroll industry, and broader UK economy. Interestingly, the number of teams processing 1,000 or more payrolls has seen a significant decrease in 2021, with the figure dropping by almost 50% in comparison to 2020 results. However, teams processing 51 to 100 payrolls, and 101 to 500 payrolls have seen a sizeable increase – 46% and 39% respectively. These results indicate that while large, outsourced payroll services have seen a substantial decrease in numbers, small payroll providers have grown year-on-year.
Number of payrolls processed
7
Made with FlippingBook - Online magazine maker