Independent Research Data Shows Franchisees Are Highly Satisfied with Payroll Vault’s Innovation and Creativity
Greenwood Village, CO, October 19, 2018 – Payroll Vault was identified by independent franchisee satisfaction research firm, Franchise Business Review, as one of 2018’s Top Innovative Franchises.
A unique niche for a franchise opportunity, Payroll Vault Franchising, a boutique-style full service payroll company designed for small business, is helping entrepreneurs build a legacy business and professional lifestyle in a rapidly growing industry. With the National Unemployment Rate hitting record lows and business booming around the US, a payroll franchise is certainly an innovative, and a much needed, business. Complex rules and regulations, and frequent changes in legislation make it difficult for small business owners to navigate payroll and human capital management services on their own. Outsourcing of these services has become a priority to help keep business owners compliant so they can focus on building their business. Ownership in a Payroll Vault franchise offers a scalable business with recurring annuitized revenue with no accounts receivable. Payroll Vault is a national leader in payroll services and hones their focus on client service and experience.
Franchise Business Review, a market research firm that performs independent surveys of franchisee satisfaction, provides the only ranking of franchises based solely on actual franchisee satisfaction and performance. Franchise Business Review publishes rankings of the top franchises in its annual Guide to Today’s Top Franchises, as well as guides throughout the year ranking the top franchises in specific sectors.
To select the companies on the list, Franchise Business Review analyzed 18 months’ worth of data from approximately 24,000 franchisees representing more than 280 brands. Franchise owners were asked about their brands’ innovation and creativity as well as their overall satisfaction with their brands and their likelihood to recommend them to others.
Payroll Vault’s franchisees were surveyed on 33 benchmark questions about their experience and satisfaction regarding critical areas of their franchise systems, including leadership, training & support, operations, franchisor/franchisee relations, and financial opportunity.
“Innovation takes a lot more than just having creative, great ideas. It also takes execution,” said Eric Stites, CEO of Franchise Business Review. “Each of the companies on this list have developed and implemented products, processes, or services that enable and sustain growth and long-term relevancy.”
Sean Manning, Founder and CEO of Payroll Vault Franchising stated, “Innovation often creates a vision of technology, but innovation is also closely linked to systems, methodologies and new business relationships under a clear vision.”
Visit FranchiseBusinessReview.com to see the full list of 2018 Top Innovative Franchises.
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ABOUT PAYROLL VAULT FRANCHISING
Payroll and Human Capital Management services are growing requirements for small businesses. Payroll Vault Franchising offers the opportunity to own a boutique-style full-service payroll company supported by a team of experts and a nationally recognized brand. Franchisees are trained on business best practices and provided systems and strategies to operate a payroll business in an increasingly in-demand industry. As a professional services B2B business you’ll experience: Recurring monthly, quarterly and annual revenue – annuitized revenue, no accounts receivable, and the ability to scale from one location. From the franchise launch in 2012, Payroll Vault Franchising has rapidly grown as a result of exemplary client service and is an industry leader receiving numerous accolades and awards nationally. For more information, visit PayrollVaultFranchise.com.
ABOUT FRANCHISE BUSINESS REVIEW
Franchise Business Review (FBR) is the only independent market research firm that specializes in benchmarking franchisee satisfaction based exclusively on ratings and reviews from franchise owners. FBR publishes free and unbiased franchisee satisfaction research reports throughout the year online at FranchiseBusinessReview.com.
MEDIA CONTACTS:
Director of Marketing & EPM
Jessica.martin@payrollvault.com