Independent Research Identified Payroll Vault as One of the Top 100 Franchise Brands with the Best Culture Based on Surveys of Over 36,000 Franchise Owners
JUN 07, 2023 FOR IMMEDIATE RELEASE
Littleton, CO, July 7, 2023 – Payroll Vault was recently named to Franchise Business Review’s fourth annual “Culture100” list. The list recognizes the top 100 franchise brands in a 2023 report on the Best Franchise Cultures.
Payroll Vault, a visionary boutique-style payroll company catering to small businesses, was established by a seasoned CPA who recognized the advantages of decoupling payroll from traditional accounting processes to unlock greater efficiency. Committed to serving the unique requirements of local small and mid-sized enterprises, Payroll Vault empowers them to expedite their business growth objectives with remarkable speed and precision.
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 360 franchise brands, representing more than 36,000 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 17 unique areas that contribute to a strong company culture, including leadership, core values, franchisee community, and engagement.
“Every franchise organization has a different culture and vibe,” 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. These companies outrank other brands by 10%-50% across the key areas that contribute to a positive culture.”
"Our leadership team at Payroll Vault envisions an ideal organizational culture that remains under constant evaluation," affirms Tricia Petteys, COO/Co-Founder. "While developing the framework is important, it is imperative to actively implement and protect it—a delicate process indeed. Being acknowledged as part of the esteemed Culture 100 by FBR is a true honor, as it validates our steadfast commitment to community, collaboration, and service."
Visit FranchiseBusinessReview.com to see the full list of the 2023 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 1,200 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
Media Contacts:
Payroll Vault
Jessica Martin
Chief Marketing Officer
303.763.1866
jessica.martin@payrollvault.com
Franchise Business Review
Ali Forman
B2B Marketing Director
603.319.4818