Key Survey Results: Payroll

In the OperationsInc Flash Survey on Payroll Services, we explore how long businesses reported it takes to process payroll, and where organizationally payroll is housed.

For the complete results, including results by company size, please click here.


PAYROLL SIZE

Key Findings:

  • 30% of respondents have under 50 employees on their payroll.
  • 25% of respondents have between 51 and 100 employees on their payroll.
  • 32% of respondents have between 101 and 500 employees on their payroll.
  • 13% of respondents have more than 500 employees on their payroll.
PROCESSING TIME 

Key Finding:

  • Over 70% of respondents are processing their payroll in 8 hours or less.
  • Just over 17% of respondents are spending more than 15 hours to process their payroll.
  • 12% of respondents take between 9 and 15 hours to process their payroll.

PAYROLL DEPARTMENT

Key Finding:

  • There’s a close split between Payroll being within HR (45%) or Finance/Accounting (37%).
  • Only one
    respondent indicated that Payroll was its own department.
  • Of the remaining 17%, the majority commented that Payroll is shared between HR and Finance/Accounting or somehow split up between the two.

ADDITIONAL SERVICES

Key Finding:

  • The most popular additional services that respondents receive from their payroll providers are Timekeeping (64%), HR Data Management (55%), and ACA-Related Services (46%).

ADDITIONAL INFORMATION

  • Survey Time Period: April 2017
  • Number of Participating Companies: 76
  • Regional Concentration: Fairfield County, CT / New York Metro area

For additional information about this survey and our services, please contact Meghan Hopkins, VP Business Development, at 203-595-4261 or mhopkins@OperationsInc.com.