Independent Research Identified Payroll Vault as One of the Top 100 Franchise Brands with the Best Culture Based on Surveys of Over 30,000 Franchise Owners
JUL 12, 2022 for IMMEDIATE RELEASE
Littleton, Colorado (July 12, 2022) – Payroll Vault was recently named to Franchise Business Review’s third annual “Culture100” list. The list recognizes the top 100 franchise brands in a 2022 report on the Best Franchise Cultures.
Payroll Vault a boutique-style full-service payroll company designed for small business that is founded by a career CPA that identified the benefits of separating payroll from traditional accounting to achieve more efficient results. Payroll Vault focuses on the needs of local small and mid-sized businesses to help them achieve their business growth objectives faster.
Franchise Business Review, a franchise market research firm that performs independent surveys of franchisee satisfaction, provides the only rankings of franchises based solely on actual franchisee satisfaction and performance. Franchise Business Review publishes its rankings of top franchises in its annual Guide to Today’s Top Franchises, as well as in special interest reports throughout the year that identify the top franchises in specific sectors.
Payroll Vault was among more than 300 franchise brands, representing more than 30,000 franchise owners, that participated in Franchise Business Review’s research on the best franchise cultures. Franchisees were surveyed on 33 benchmark questions about their experience and satisfaction regarding critical areas of their franchise systems. The brands that were selected received the highest overall ratings based on 12 questions that looked at perception of brand vision, team culture, honesty and integrity, and overall support.
“Every franchise organization has a different culture and vibe. Some franchises are more serious and formal, while others are more relaxed and casual,” said Michelle Rowan, president & COO of Franchise Business Review. “A franchise company’s culture – and your potential fit into that culture – should guide your franchise investment decision. Looking at data on how current franchisees rate a brand’s culture will tell you how well the franchise leadership team is executing on the vision of the brand, and how well the community of support staff and franchisees work together to achieve their business objectives. The best place to start is with the brands on this year’s Culture100 list. All of them had an FBR “Culture Score” of 80+ on a 100-point satisfaction scale, putting them in the top quartile of franchises when it comes to culture.”
“The Payroll Vault Leadership Team has a vision of what we consider the ideal culture to look like within our organization, and it’s in a state of continuous evaluation,” states Tricia Petteys, COO/Co-Founder. “You can develop the framework, but imperative that you work to implement and safeguard it – it’s a very delicate process. We are honored to be recognized as part of the Culture 100 by FBR. It speaks to our values of community, collaboration, and service.”
Visit FranchiseBusinessReview.com to see the full list of the 2022 Best Franchise Cultures.
About Payroll Vault Franchising
Payroll and Workforce 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. 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 PayrollVault.com/franchise.
About Franchise Business Review
Franchise Business Review (FBR) is a leading market research firm serving the franchise sector. FBR measures satisfaction and engagement of franchisees and franchise employees and publishes various guides and reports for entrepreneurs considering an investment in a franchise business. Since 2005, FBR has surveyed hundreds of thousands of franchise owners and over 1,100 leading franchise companies. To read our publications, visit https://franchisebusinessreview.com/page/publications/. To learn more about FBR’s research, please visit www.FranchiseBusinessReview.com
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