What Are The Names Of Payroll Companies?

The Milestone Team January 23, 2023
What are the names of payroll companies

There are tons of popular payroll service companies, from ADP, to Gusto, to Rain. The best way to find a list of all payroll software companies is by going to a third-party review website such as G2 or Capterra. 

There is also a growing field of outsourced payroll processing companies. The best payroll solution for businesses is often a payroll processing company outside of the software. These companies dedicate a single person to your small business’s account to oversee payroll operations. The person who processes payroll is the same person who advises, troubleshoots, provides service, communicates with you, and more. This personal touch is really beneficial for business owners and prevents a lot of potential payroll issues.

What Are Some Examples Of Popular Payroll Companies? 

Examples of companies that are frequently highly rated are Rippling, Gusto, Patriot, OnPay, Justworks, Paylocity, and Rain. These companies rank highly on third party review sites. Customers frequently rave about them. 

The most commonly used payroll software companies are ADP, Paylocity, and Gusto. ADP brags of one million customers across all their service lines. Gusto’s market share has primarily been in growing small businesses, starting at between 1-50 employees. 

What Are The Different Payroll Services? 

There are 2 different types of payroll services. The first type of payroll service is payroll software. Companies that provide payroll software give a platform for data storage, automation, reporting, and often more. Payroll software is payroll management technology to improve your operations. 

The second type of payroll services are payroll processing companies. These companies help manage your payroll operations. When deciding between payroll processing companies, consider their customer service style, ability to advise, security, and if they have one or many representatives on your account. Typically one representative is the optimal relationship, and it improves efficiency. 

What Are The Largest Payroll Companies? 

The biggest payroll companies are ADP, Paychex, Paylocity, Paycom, and Gusto. These companies own a large portion of the market, with ADP being the largest. Between its various service lines, ADP reports over one million businesses as customers. 

Who Is The Best Payroll Processing Company?

We might be biased, but Milestone is our pick for best payroll processing company. Our team has over 100 years of combined experience navigating payroll processing. We routinely work with entrepreneurs to tackle payroll problems both big and small. Our mission is to make a difference for entrepreneurs who are making a difference for others. Our payroll team does that every day with a personal touch and proven results. 

Our top two picks for the best payroll software companies are Rippling and Gusto. Rippling is feature-rich. They offer great PTO management, employee documentation, benefits administration, and awesome integrations to go along with their payment processing. Rippling is extremely navigable for employees to request leave, see their pay stubs, and update their documentation. Rippling also has great service. Gusto is great for small businesses and offers great value for a low price. They have great features such as easy set-up for a variety of employee types (salaried, hourly, etc.) and tax help. 

Patriot Payroll is our best pick for low-cost payroll because of its extremely low base rate and per employee per month cost. Paylocity is strong for bigger small businesses or mid-sized companies, and Onpay is an emerging contender. 

How Milestone Can Help With Your Payroll Needs 

Stop dedicating too many hours to running your business’s payroll and give that time to more important tasks. Let Milestone manage your payroll and give you your time back. We deal with optimization, growth, and daily processing, all while communicating with a personal touch. Reach out to Milestone today to start tackling your payroll challenges. 

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