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    IOI Pay

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  • BenefitMall

    BenefitMall is a national provider of employee benefits, payroll, HR and employer services. BenefitMall®, has an all together better way of doing business. Working with a network of more than 20,000 Trusted Advisors, comprised of Brokers and CPAs, we deliver payroll, HR and...

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  • Onpay Solutions
    Onpay Solutions

    OnPay Solutions focuses exclusively on business-to-business payments.  We create payment software and offer payment web services to enhance efficiency and productivity for Accounts Payable. Our products and services help businesses make payments in the most efficient way po...

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  • AmCheck

    AmCheck provides end-to-end payroll, benefits, HR, and talent management solutions! Take advantage of these optional streamlined features: On-boarding - Online Benefit Enrollment - Time &amp; Attendance - Scheduling - Tax Management - Workforce Analytics - Business Intelli...

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Expectations & Projections
Payroll Outsourcing by Industry

As businesses grow and expand, their business requirements often change. For many businesses, payroll processing may not necessarily be an aspect of the business tackled in the business plan. As a result, businesses are often searching for the most effective way to manage a growing payroll. While many businesses look for ways to do things in house, it is becoming increasingly common for a business to choose to outsource their payroll processing.

The immediate benefit is the professional handling of payroll by an experienced provider rather than having to find someone which has enough experience to handle the task. Businesses across a diverse selection of industries often outsource their payroll either from the start, or as a later decision to make it more cost effective or to ensure accuracy.

Benefits Received Through Outsourcing

There are a number of benefits a company outsourcing their payroll processing may experience. Over the course of our research many businesses have highlighted decreased costs associated with their payroll processing as a result of their decision to outsource. Other businesses discuss the increase in productivity due to not having to redirect resources to handle matters of compensating team members and independent contractors or having to deal with the implications of being late on or having to ensure the accuracy of payments made for tax obligations at both federal and state levels.

Ultimately each company will have different reasons for outsourcing initiatives depending on their business plan, their current status, and the opportunities in their region.

Client Satisfaction of Recommended Providers

Over the course of our research we have identified the payroll services we believe to be most effective at managing a client's payroll. Client satisfaction is one of the primary aspects of a business which our team investigates prior to making a recommendation. As a direct result, the companies featured in our rankings are most likely to have a positive recommendation from a client.

This graph illustrates, based on our own research, the average review ratings that both ranked and unranked providers have based on the total number of reviews from a number of different review platforms. This is indicative that companies that are often featured at the top of our rankings are able to provide a consistently positive experience to their client businesses.

HR Outsourcing by Industry

Any business which has experienced a large growth period understands the challenges that businesses face in having to maintain a large workforce. As a result, many businesses make the decision to outsource their human resources to another agency or to seek consultation from an experience HR professional.

For companies in the hospitality industry the decision to outsource their HR solutions is often based on the structure of the company. However, most businesses within the industry make the decision to hire an HR management firm in order to ensure the right policies are in place to dictate behavior and daily functions. With the rise of internet-based services and software, we expect to see a larger portion of businesses outsource their human resources.

Average Time Saved by Payroll Software

For the businesses which opt to handle their payroll through an in-house team or an experienced professional, payroll software can serve as a key means to reduce the costs and time involvement required to effectively manage payroll. Over the course of our analysis, we connected with a number of businesses which had previously done payroll manually through record-keeping which now use software to handle their payroll. Many businesses receive a large productivity boost when using payroll software to ensure accuracy of their payroll and to automate many of the internal processes.

Larger businesses will most likely see the largest benefit from payroll software due to the amount of manual work required to process payroll traditionally, but smaller businesses still see a productivity benefit.

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Comprehensive Methodology & Analysis

Handle your payroll effectively through an experienced payroll service.
Don’t rely on a trial and error method when looking to outsource your human resource management efforts. Our research is used to benchmark and compare how each HR management and payroll company handles their clients’ important business matters and whether or not those services standard up to both industry standards and highered expectations.

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