Independent Research Data Shows Franchisees Are Highly Satisfied with Payroll Vault’s Innovation and Creativity
Littleton, Colorado, October 10, 2022 – Payroll Vault was identified by Franchise Business Review as one of just 100 franchise brands to be named an award-winning franchise in its 2022 report on the Most Innovative Franchises.
A niche for a franchise opportunity, Payroll Vault Franchising is helping entrepreneurs build a legacy business and professional lifestyle in a rapidly growing industry. The Payroll Vault brand continues to amplify with strength and momentum.
Franchise Business Review, a research firm that performs independent surveys of franchisee satisfaction, provides the only ratings of franchises based solely on actual franchisee satisfaction and performance. Franchise Business Review publishes annual rankings of the top franchises in its Guide to Today’s Top Franchises, as well as guides throughout the year ranking the top franchises in specific sectors.
To identify the companies on the list of this year’s Most Innovative Franchises, Franchise Business Review analyzed 18 months’ worth of data from over 30,000 franchisees representing more than 300 brands. Franchise owners were asked about their brand’s innovation and creativity as well as their trust in the franchisor, overall satisfaction with the brand, and likelihood to recommend it to others.
“Innovation takes a lot more than just having creative ideas and solutions. It also takes execution,” said Eric Stites, founder and CEO of Franchise Business Review. “Each of the companies on our list of the Most Innovative Franchises has developed and implemented products, processes, or services that enable and sustain growth and long-term relevancy. We are proud to recognize the franchises that prioritize and value innovation to support their franchisees’ success and the long-term resiliency of the brand.”
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.
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. We continuously evaluate and upgrade our processes and systems as we identify efficiencies. The goal is to continue to provide a strong entrepreneurial opportunity to emerging and advanced businesspeople while redefining the payroll experience.”
Visit FranchiseBusinessReview.com to see the full list of the 2022 Most Innovative Franchises.
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 local experts and a nationally recognized brand. From the franchise launch in 2012, Payroll Vault Franchising has rapidly grown because of exemplary client service and is an industry leader receiving numerous accolades and awards nationally. For more information, visit www.PayrollVault.com/franchise.com.
About Franchise Business Review
Franchise Business Review (FBR) is a leading market research firm serving the franchise sector. FBR measures the 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. FBR publishes free and unbiased franchisee satisfaction research reports throughout the year online at http://www.FranchiseBusinessReview.com. To read our publications, visit https://franchisebusinessreview.com/page/digital-guides/.
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