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The Payroll market is a sector of the economy that deals with the payment of wages and salaries to employees. It involves the calculation, collection, and disbursement of employee wages and salaries, as well as the payment of taxes and other deductions. It also includes the management of employee benefits, such as health insurance and retirement plans.
Payroll services are typically provided by third-party companies, such as payroll processing firms, accounting firms, and human resources firms. These companies provide a range of services, including payroll processing, payroll tax filing, and employee benefits administration. They also provide advice and assistance to employers on payroll-related matters.
Some of the leading companies in the Payroll market include ADP, Paychex, Intuit, and Gusto. These companies offer a range of services, including payroll processing, payroll tax filing, and employee benefits administration. They also provide advice and assistance to employers on payroll-related matters. Show Less Read more