Talx Corporation

Industry

Talx Corporation is part of the technology sector that specializes in business software and services industry. This industry provides a wide range of services to corporations from computer services to payroll management. Talx Corporation specializes in the outsourcing of human resource services, payroll, and tax services. Outsourcing occurs when companies have an external company handle some portion of their business that was once handled in house. The outsourcing of services does result in a loss of direct control over the function that is being outsourced, but this is outweighed by a substantial cost saving to the company. Savings of 15% to 40% can be realized per outsourced service thus allowing the company to be more efficient. By outsourcing these complex services companies can concentrate on operational and wealth building functions.

Competitors

Talx’s direct competitors are Automated Data Processing INC (ADP), Ceridian Corporation, and Paychex. ADP is by far the industry leader in this sector. In 2005 ADP had over 8 billion dollars of sales. Paychex and Cerdian follow far behind ADP in sales with roughly a billion dollars each in sales in 2005. In comparison Talx had 158 million dollars in sales in 2005. There