Market Share of Payroll and Compensation Management Industry
The Payroll and Compensation Management Market is Fragmented with the presence of multiple local and global vendors.
- November 2021 - ADP, a multinational technology firm that offers human capital management (HCM) solutions, recently announced that it had acquired Integrated Design, Inc. (IDI), a software provider of HCM solutions tailored to certain industries with the goal of streamlining challenging workforce data issues. The two companies have had a long-standing collaboration for the past 20 years, which is now marked by this transaction. Clients will gain access to a superior payroll and HR experience that will help them grow and scale their businesses by further integrating IDI's expertise with ADP's extensive HCM and Workforce Management products and its extensive worldwide reach.
- October 2021 - Benefits enrollment and administration, onboarding, and human resources information system (HRIS) provider Flock, based in San Francisco, has been acquired by Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services. Paychex gains cutting-edge benefits administration software as a result of the acquisition, which is consistent with the company's commitment to fostering innovation and offering a range of digital services.
Payroll and Compensation Management Market Leaders
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Automatic Data Processing, Inc.
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SAP SE
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Sage Group plc.
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Paychex, Inc.
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Ramco Systems Limited
*Disclaimer: Major Players sorted in no particular order
