Growing Your Payroll Service Business During a Recession

5 tactics to survive, and even grow, during an economic downturn

Concerned about what a possible recession could do to your payroll business?

The thought of a looming recession can be unnerving and the reality a tough one for the ill-prepared business. But that doesn't have to be the case for your payroll service bureau.

Economic downturns are an unavoidable, totally normal part of the business cycle and, for the well-positioned payroll firm, not at all scary. Because the vast majority of payroll firms are, themselves, SMBs, they are, by nature, more agile, meaning they can pivot for new opportunities quicker and adapt more effectively than larger corporations. In fact, many see recessions as a prime opportunity to gain market share. This white paper outlines five top tactics for doing just that.