New kids on the (payroll) block

Well-known players dominate, but a few smaller vendors finding a home
By Alan McEwen
|Canadian Payroll Reporter|Last Updated: 11/11/2013

Canadian payroll is a “mature market.”

Economists use this term to describe slow-growth industries where a substantial market share is held by a few well-established firms.

It’s well- known the Canadian payroll market is dominated by a handful of existing vendors, such as ADP and Ceridian in outsourcing, or SAP and Oracle for larger employers that process payroll in-house. And, clearly, the size of the Canadian payroll market is limited by growth in the overall Canadian economy.