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Procurement Market Intelligence Report

Payroll Services in Canada
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Payroll Services in Canada?

What is the average price of Payroll Services in Canada?

This procurement report includes pricing information to help you purchase Payroll Services in Canada. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.

Has the price of Payroll Services in Canada been rising or falling?

Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.

I’m not ready to purchase Payroll Services in Canada yet. Will I pay more if I wait too long?

We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.

What other costs are associated with purchasing Payroll Services in Canada?

Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Payroll Services in Canada with a reduced risk of unexpected costs.

See how we display average pricing information, trends and market data.

Evaluate major factors to mitigate risk

How risky is the Payroll Services supply chain in Canada?

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HIGH

MEDIUM

LOW

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Pricing & Contracts

  • What pricing models do you use and how do you determine what to charge each client?
  • Will any work need to be subcontracted out? Will subcontracting add to the project's costs?
  • Can I opt for different payroll frequencies? How will that impact price?
  • If my company adds additional services to this contract, will I receive a bundle discount?
  • Are you able to offer payroll services outside of Canada? How do rates compare from country to country?

Accuracy

  • How do you ensure the accuracy of your service? What systems do you have in place to minimize the number of errors? How often are these systems checked and updated?
  • Who normally identifies errors when they occur?
  • How do you balance quick turnaround times with maintaining the maximum possible accuracy?
  • How do you stay up to date on changing provincial, national and global laws regarding withholdings (e.g. Employer Health Tax withholdings)?

Security

  • How often is our data and content backed up on your servers? What are your continuity processes for business interruption?
  • What encryption standards do you use for data storage and transmission? Has your clients' data ever been compromised? What is your data protection strategy?
  • Who has access to my information and how are changes to my solution securely managed and audited?
  • Where is your data center located, and what security (fire, theft, flood) and contingency plans (dual processors, UPS generator supplied power) do you have in place?

Sourcing across North America?

Combine Canada Spotlight Reports with our US Market Intelligence to bolster your North American strategy

Key elements for every RFP

What should my Payroll Services in Canada RFP include?

Project Budget

  • Buyers should disclose the annual budget for payroll services, if relevant.
  • Buyers should state their preferred pricing model and terms of payment.

Selection Criteria

  • Buyers should evaluate vendors' ability to meet their service requirements.
  • Buyers should evaluate vendors' experience serving comparable clients.
  • Buyers should evaluate vendors based on their proposed fees for the project.
  • Buyers should evaluate vendors based on their participation with relevant industry associations, such as the Canadian Payroll Association.
  • Buyers should evaluate vendors based on their knowledge of provincial regulations, such as those regarding the employer health tax and the Quebec Pension Plan.

Project Schedule

  • Buyers should include the date when proposals are due and any other relevant dates (e.g. interviews) prior to the contract award.
  • Buyers should include the date when services will begin.