Payroll Services Industry

NAICS: 541214

For additional companies see the Accounting, Tax Preparation, Bookkeeping & Payroll Services Industry

Payroll Services Market Share: Largest Companies in the Payroll Services Industry

Company	Headquarters	Revenue ($ MM)
ADP TOTALSOURCE	Miami, FL	100
AUTOMATION PERSONNEL SERVICES	Birmingham, AL	48
S2 HR SOLUTIONS GROUP 1	Saint Petersburg, FL	36
PEOPLEASE	Charleston, SC	25
JUSTWORKS EMPLOYMENT GROUP	New York, NY	24
LYONS	Florence, AL	22
SYNUITY	Tampa, FL	11
S2 HR GROUP	St. Petersburg, FL	10
PAYCHEX (NASDAQ: PAYX)	Rochester, NY	9
EMPLOYER ADVANTAGE	Joplin, MO	6
GREEN LEAF PAYROLL & BUSINESS SOLUTIONS	Vista, CA	5
TRINET HR XI	Dublin, CA	4
ADVANSTAFF	Las Vegas, NV	4
PAYCOM PAYROLL	Oklahoma City, OK	3
PAYLOCITY (NASDAQ: PCTY)	Schaumburg, IL	3
SIMPLEX GROUP	Miami, FL	3
INTEGRITY OUTSOURCE	Phoenix, AZ	3
CONNECTIFY HR	Des Moines, IA	3
ARCH RESOURCES GROUP	Miami, FL	3

This is a list of the largest companies active in the Payroll Services industry. This differs from market share in the following example: One business with revenues of $100 million generates 10% of its business from the Payroll Services industry. A second firm, with revenues of $20 million, generates all of its business from this industry. In our list, we show the businesses having revenues of $100 million and $20 million, respectively. However, the market share would compare the $10 million in industry-specific revenue to the $20 million: the second company has twice the market share even though it is "smaller" in size.

Growth: Fastest Growing Payroll Services Companies

A list of competitors in the Payroll Services industry that are rapidly expanding. Businesses may grow organically or through acquisition. Typically, small or midsized companies are in "growth" mode and can expand more rapidly. However, large businesses may have the strategy and financial capabilities to scale rapidly. Businesses that employ a "roll-up" strategy make multiple acquisitions of smaller businesses to form a single large corporation that controls a greater market share than its competitors and benefits from economies of scale.

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Small Business Financing

Small businesses that have received financing may expand soon. Financing may be required for capital-intensive investments, such as real estate or equipment purchases. Payroll Services businesses may use the financing to cover startup expenses or the costs of hiring new employees. Loans differ from equity investments in the level of risk that is expected: loans frequently have collateral either directly or implicitly through the business or the owners that ensure repayment. Equity investment has the possibility for much greater returns, but offers no guarantee the principle will be repaid. Convertible securities combine the two concepts, but is used by private-equity firms rather than main street startups.

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Venture Funding

These Payroll Services companies are actively raising capital from venture capital firms, private equity, or other investors. Businesses with venture funding generally have higher growth prospects, either through bringing new concepts to market, using innovative business practices, or savvy management.

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