Ceridian has been positioned for a second year in a row as a leader in Gartner's Magic Quadrant for Payroll Business Process Outsourcing (BPO) Services. Companies in the "Leader" quadrant have superior market understanding, continuous technological innovation, payroll administration research, and strong financial viability.
The Gartner Magic Quadrant report offers in-depth analysis of the capabilities of companies in the payroll BPO services market. The report evaluates companies on their vision, their ability to grow and deliver a superior payroll services business.
"We are constantly innovating in the areas of payroll processing, compliance, analytics, operations and client services." says David Ossip, CEO, Ceridian HCM.
Doug Sawers, Managing Director of Ceridian UK says:
The Gartner report validates our commitment to changing people needs through outstanding outsourced services. We are focused on driving innovation, supporting their requirements with business results and maintaining Ceridian's position as a leader in payroll services.
According to Gartner research, payroll outsourcing continues to grow steadily and is forecast to continue to do so for several years as more companies look at payroll outsourcing as a way to reduce HR costs quickly and enhance service levels to employees and managers. The payroll BPO market is growing in both traditional and cloud-based versions of its offerings and in both emerging and mature markets. Gartner forecasts the total HR BPO market to grow at a compound annual growth rate (CAGR) of 5.5% through 2017; as payroll BPO represents approximately one-half of this market, Gartner believes it will grow at a comparable CAGR.