Top 5 Payroll Companies In 2024

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As we enter the fourth quarter of 2024, many companies have already begun to consider changes to their internal infrastructure. Telecom, internet providers, insurance policyholders, financial institutions, and payroll top our list as some of the most common services businesses consider changing each year. So here is our list of the top 5 payroll companies for 2024.

1. Paycom

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Headquartered out of Oklahoma City, OK, this Payroll service provider is a leader in this competitive industry. With sales offices located nationwide, they have made it convenient for businesses to get signed up for their services. Their Payroll and HR software help businesses streamline their employment processes, recruiting, retirement, and everything in between. Paycom Payroll LLC takes our number one spot based on the online reviews and reputation they have gained as a world-class service provider in the Payroll and HR industry.

2. ADP

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Probably one of the biggest names in the business, ADP has a massive online presence. Their local and international reach makes them a top competitor in the industry. ADP offers HR and Payroll services, and up until 2014, ADP was one of four American companies in the S&P 500 to have a AAA credit rating from both Standard & Poors and Moody’s. They service all business types and sizes and take our number two spot as one of the best Payroll and HR companies in 2024.

3. Gusto

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Gusto is slowly becoming a popular choice for startups and online businesses. Gusto is a clown-based payroll, benefits, and HR management software for U.S. based companies. Gusto is headquartered in San Fransisco and used by many tech startups and online-based businesses. Serving more than 100,000 businesses nationwide, Gusto offers the tools businesses need to take care of their teams. Gusto was started in 2012 and was previously called ZenPayroll. Gusto tops our list at number three because of their company values, social media buzz, and competitive position in the industry.

4. TriNet

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TriNet provides a simple solution for managing payroll and navigating evolving tax codes. They are a professional employer organization that provides small and medium-sized businesses (SMBs) with full-service HR solutions tailored by industry. With over 30 years in the industry, TriNet has a mission, vision, and core values that make them a solid lock at position four in our top 5 list of Payroll companies in 2024.

5. Justworks

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The number five spot is a great place to be on this list. Justworks offers benefits, payroll, and HR under one convenient roof. Justworks provides a full suite of services, so you can rest easy at night knowing that your health insurance, payroll, and benefits are taken care of. Customer satisfaction in a focal point of their business model and the online reviews show. Justworks was designed with the small business in mind, making them an option for anyone looking to launch a business in 2024.

These five companies offer similar services, but Paycom takes the cake with a small margin. You will not make a mistake if you choose any of those from the list, as all of those are experts in the niche. Hopefully, this list of top Payroll companies for 2024 made it a bit easier for you to choose the one with which you will cooperate in the future.