"Payroll outsourcing is becoming a must-have service for companies." > Notice

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The global payroll outsourcing market is growing rapidly. In the U.S. alone, the market was valued at $4.8 billion in 2020 and is projected to reach $22.7 billion by 2027.

According to a study titled Determinants and Effectiveness of Payroll Outsourcing published in Volume 21, Issue 2 (2021) of the Korea Labor Institute’s Labor Policy Research journal, over 90% of companies that adopted payroll outsourcing reported high levels of satisfaction. Cost reduction and improved operational efficiency were cited as the main reasons for their satisfaction.

Human Consulting Group (CEO Jaehyun Park, hereafter HCG) cited 'business operations optimization' and 'reduction of legal risks' as key drivers behind the rapid growth of payroll outsourcing. Payroll management is not merely an administrative task—it involves a wide range of processes such as accurate salary payments, withholding taxes, year-end tax settlements, and social insurance reporting, all of which must comply with the latest labor and tax laws. Particularly for small and medium-sized enterprises (SMEs), a shortage of payroll staff and the challenge of keeping up with frequent regulatory changes make payroll outsourcing an effective solution, according to HCG.

An increasing number of Korean companies are also adopting payroll outsourcing. An analysis of Human Consulting Group’s (HCG) payroll outsourcing business revenue over the past five years (2019–2024) shows a compound annual growth rate (CAGR) of 66.3%. As more companies turn to strategic outsourcing to reduce the complexity of payroll management and maximize HR operational efficiency, the domestic market is rapidly expanding.

HCG differentiates itself by offering customized outsourcing services that go beyond simple payroll processing. The company proactively analyzes each client’s challenges and requirements to define the direction of work, and follows a structured, step-by-step approach—identifying areas for improvement through a Work Breakdown Structure (WBS) and ensuring stable implementation. Leveraging its proprietary HR systems—JADE, HUNEL, and TalentX—HCG provides a reliable payroll management environment while also offering scalable, customizable services tailored to client needs. Projects are led by experienced outsourcing professionals with over 10 years of expertise, and HCG’s integrated 'consulting + outsourcing' model, or 'consourcing' service, enables clients to proactively adapt to changing environments and emerging issues.....(continuded...)

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