Top Payroll Outsourcing Companies

The market for payroll outsourcing is extremely competitive with major players like ADP, Paychex, and Workday using tactics like mergers and acquisitions in an attempt to increase their market share. These incumbent players also invest significantly in technology developments such as cloud-based applications, artificial intelligence, and automation to improve process efficiency, accuracy, and provide cutting-edge advantages such as real-time reporting. With this emphasis on technology and growth, they are able to address a wide number of organizations, ranging from small companies to big multinational corporations.

Here are two startups in the payroll outsourcing market:

• Gusto: Gusto, founded in 2012, has its prime emphasis on providing a streamlined, integrated payroll and HR platform best suited for small to medium enterprises. Gusto has been making efforts to demystify intricate payroll operations by consolidating them with other human resource activities such as benefit management and time tracking. Gusto emphasizes the use of technology to provide seamless and smart experience, which is opposite to traditional payroll providers.

• Papaya Global: Papaya Global, founded in 2016, is focused on globalizing payroll processing for multinational corporations. Its primary objective is to integrate and automate payroll management across geographies, solving the issue of varied legislation, currencies, and compliance regulations. Papaya Global's solution is to utilize an engineering-based platform to offer a single universal solution to global workforce-holding companies that would allow them to manage payroll in their foreign workforce effectively.

Top Player’s Company Profiles

• ADP, Inc. (USA)

• Paychex, Inc. (USA)

• Ceridian HCM Holding Inc. (Canada)

• Paycom Software, Inc. (USA)

• Workday, Inc. (USA)

• SAP SE (Germany)

• Oracle Corporation (USA)

• Infosys BPM (India)

• Accenture plc (Ireland)

• Capgemini SE (France)

• TMF Group (Netherlands)

• SD Worx (Belgium)

• Neeyamo Enterprise Solutions Pvt. Ltd. (India)

• NGA Human Resources (UK)

• Ramco Systems Limited (India)

• Aon plc (UK)

• Deloitte (Global Network)

• Ernst & Young (Global Network)

• PwC (Global Network)