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Payroll Services

SIC 8721 | NAICS 541214


The following guide to industry information, research, and analysis provides sources for industry trends and statistics, market research and analysis, financial ratios and salary surveys, and more.



For guides to other industries, see our index of over 400 industries.





Industry Analysis, Trends, Statistics, and Forecasts


Payroll & Bookkeeping Services  (view report)
Benefit Administration Services  (view report)

Comprehensive market research reports provide in-depth industry analysis and five-year forecasts, with special focus on the underlying structure and external forces and relationships that affect industries and their performance. Report contents include:

  • Market size and characteristics
  • Key statistics and ratios
  • Current performance
  • Competitive landscape
  • Major firms and market share
  • Key risk and success factors
  • Five-year growth forecast


APA
Publications available from this trade association include:

PAYTECH Magazine
https://www.americanpayroll.org/
Monthly trade journal features news and information for payroll industry professionals, with topics covered in various issues of the magazine including payroll management, industry and professional trends, new tax legislation and compliance developments, technology updates, professional development, company case studies, and more. Publication is available to APA members only; selected articles are available free online.

Survey of Salaries and the Payroll Profession
https://www.americanpayroll.org/
Biennial member survey provides a comprehensive overview of the profession, with topics covered including organization characteristics, average starting and current staff salaries, staffing levels and characteristics, processing methods and statistics, department functions, in-house processing systems, and outsourced processing. Most recent edition of the survey can be downloaded by APA members as a free e-book.



Payroll Services
http://www.firstresearch.com

First Research profiles cover key aspects of an industry's size, scope, and operations and include a five-year growth forecast. Profile contents include:

  • Industry overview
  • Recent developments
  • Critical issues and challenges
  • Business trends and opportunities
  • Executive insights
  • Financial benchmarking data
  • Five-year growth forecast


IDC Corporate USA
U.S. Payroll Outsourcing Services
https://www.idc.com/

IDC study examines the market for payroll outsourcing services and provides a five-year forecast for this sector, with topics covered in the study including HR services market, components of the payroll process, market share for top four providers, future outlook, forecast and assumptions, market context, essential guidance, and related research. Summary description and table of contents can be viewed free online.


NelsonHall
Targeting Payroll Outsourcing
https://research.nelson-hall.com/

Comprehensive market report analyzes the global market for payroll business process outsourcing, with topics covered including current and future market; customer requirements; benefits/results provided by vendors; services being purchased; technologies and platforms; size and growth of outsourcing market by geographic region, industry, and market segment; vendor selection criteria; and vendor challenges and critical success factors. Summary of key findings and table of contents are available free online.


More Resources ››



Financial Statements and Financial Ratios



Industry Financial Ratios
Payroll Services
https://www.bizminer.com  Search for "541214"

Five-year financial statement analysis includes income statements, balance sheets, and key financial ratios, with data available by sales size range on a national, state, and metro area level.

  • Income and expense detail in dollars and percentages
  • Balance sheets in dollars and percentages
  • Cash flow analysis
  • Liquidity and working capital ratios
  • Profitability and return on investment ratios
  • Asset turnover and efficiency ratios
  • Capital structure and debt service ratios


First Research
Payroll Services
http://www.firstresearch.com

Financial information section of these profiles includes common-size income statement and balance sheet data and key financial ratios for the most recent annual reporting period, with average financial measures reported for all companies and by sales size range for small (under $5 million), medium ($5 million to $50 million), and large companies (over $50 million). Sample report can be downloaded and viewed online.


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Compensation and Salary Surveys


Robert Half
Accounting and Finance Salary Guide
https://www.roberthalf.com/

Annual salary guide provides average starting salary ranges for various accounting and finance positions, including payroll personnel. Online salary calculator can be used to estimate the average starting salary range for specific job positions in a local market, with selection criteria including zip code, job category, position level, and company size based on annual revenues. All information is available free online.


APA
Survey of Salaries and the Payroll Profession
https://www.americanpayroll.org/

Biennial member survey provides a comprehensive overview of the profession, with topics covered including organization characteristics, average starting and current staff salaries, staffing levels and characteristics, processing methods and statistics, department functions, in-house processing systems, and outsourced processing. Most recent edition of the survey can be downloaded by APA members as a free e-book.


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