Valuation Resources

Payroll Services

SIC 8721 | NAICS 541214


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


Select from the following sections or scroll below to view available resources:
  • Industry Analysis, Trends, Statistics, and Forecasts
  • Financial Statements and Financial Ratios
  • Compensation and Salary Surveys
  • Business Valuation Resources

For guides to other industries, see our index of over 400 industries.
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Industry Analysis, Trends, Statistics, and Forecasts

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

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

  • Market size, product segments, and major markets
  • Key statistics, market trends, and external drivers
  • Operating conditions and current performance
  • Competitive landscape and environment
  • Major company profiles and market shares
  • Five-year outlook and revenue 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.


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

BizMiner
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 including:

  • Income and expenses in dollars and percentages
  • Balance sheets in dollars and percentages
  • Profitability and return on investment ratios
  • Liquidity and working capital ratios
  • Asset turnover and efficiency ratios
  • Capital structure and debt service ratios

IBISWorld
Payroll & Bookkeeping Services
(see links for individual reports)

Financial benchmarking section of this report provides an analysis of industry income and expenses as a percentage of revenue by major category (e.g., purchases, wages, depreciation, marketing, rent, utilities, other costs, and earnings before interest and taxes) for the most recent year and line graphs indicating trends for each category over the past five years. Sample report can be viewed free online.


More Resources »
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.


More Resources »
Business Valuation Resources

Business Valuation Resources, LLC
DealStats® - Private and Public Company Transaction Data
https://www.bvresources.com/

Interactive database provides detailed transaction data for over 38,000 private and public companies sold for prices ranging from under $250,000 to over $500,000,000, with valuation measures provided including market value of invested capital as a multiple of revenue, gross profit, EBIT, EBITDA, SDE, and book value of invested capital. User guide, free webinar, and sample reports are available online.


More Resources »


Related Industries:
Accountants and Accounting Firms
Management Consulting Services
Medical Billing and Coding Services
Tax Preparation Services

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