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What is payroll outsourcing?
Payroll outsourcing is an important part of business process outsourcing, which is very popular among large multinational enterprises in Europe and America. Business process outsourcing is actually a new management concept and model in the west, which emphasizes that enterprises should only do their best and core business, and at the same time obtain professional, efficient and low-cost services from outside, thus streamlining and slimming enterprises and better adapting to the rapidly changing market environment. Not long ago, the media reported that IBM provided global personnel and payroll outsourcing services for Procter & Gamble through information systems. The whole contract lasted 10 years, and the contract amount was USD 400 million. According to the data of Garner Dataquest, in 2003, the global human resource outsourcing service market was 46 billion US dollars, and the Asia-Pacific human resource outsourcing market reached 2.5 billion US dollars, with an annual growth rate of 17.25.

Personnel service in payroll outsourcing is a relatively new thing in China. Due to historical and cultural reasons, at present, few large and medium-sized enterprises in China adopt personnel and payroll outsourcing services. However, with the globalization of global economy and the intensification of market competition, China enterprises need to learn advanced management concepts and practices from multinational companies.