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An employee enrolling in a healthcare plan

Employee Benefits Services

In a competitive labor market, offering comprehensive employee benefits is not just an option — it’s a necessity. We provide tailored benefits packages that:

  • Rival the ones offered by Fortune 500 companies;
  • Provide a seamless, online benefits administration;
  • Boost your employees’ performance and well-being.

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Offer Lifestyle Benefits to your Employees with Paychex Flex® Perks

Offer your employees a one-stop shop to find personal, professional, and financial benefit options to fit their lifestyle needs. Show employees that you prioritize their happiness and well-being inside and outside of work with a marketplace of options tailored to meet their lifestyle, at no cost to you.3

Financial Wellbeing

Benefit options tailored to meet the needs of each generation in your workplace

  • Paychex PaySM, an online account established by Central Bank of Kansas City, Member FDIC*
  • On-demand, real-time access to earned income with Pay on Demand, powered by Payactiv.
  • Access to a wealth of financial wellness programs from FinFit®, including emergency credit, personal loans, free financial coaching, and budgeting tools.

*Paychex is not a bank—banking service provided by Central Bank of Kansas City, Member FDIC.

Personal Benefits

Affordable benefits and discounts powered by Corestream, which may include:

  • Auto and home insurance
  • Identity theft protection
  • Legal plan expense coverage
  • Pet insurance
  • Short-term disability and long-term care insurance

Simplify Your Employee Benefits Management

Benefits shouldn’t be overwhelming, so let our technology do the heavy lifting. With our benefits administration technology, you can simplify and automate your employee benefits management.

Paychex Employee Benefits Video Cover
Benefits by Paychex Insurance Agency

Gain Visibility with Employee Benefits Data

Get insights that empower you to manage your benefits more effectively, ensuring they align with your business goals and employee needs. Our tools help you:

  • Leverage employee benefits data and processes, including up-to-the-minute status and eligibility changes.
  • Drive informed decision-making with reports by department, location, division, or other data categories.
  • Share data with brokers or third-party administrators.
employer using the flex dashboard

PEO: An Affordable Way To Manage Employee Benefits

A professional employer organization (PEO) provides economies of scale that may allow you to offer valuable company benefits and services, such as 401(k) plans and HSA or FSA accounts. A dedicated Paychex HR professional  is also assigned to you to proactively assess your needs and create an action plan and provide knowledgeable HR advice.

The benefits of using a PEO for HR

Support Through Employee Assistance Programs

We believe in supporting the whole employee. Our Employee Assistance Programs (EAP) offer confidential resources and support for challenges such as stress management, medical claim resolution, and lifestyle changes. These programs underscore your commitment to your employees’ well-being, enhancing your workplace culture and employee satisfaction.

an employee using her eap benefits for online counseling

The Future of Employee Retention

With only 20% of Millennial and Gen Z workers intending to stay at their current job for more than 5 years2, Paychex Employee Benefits provides your business a curated digital experience of benefit options to address the needs of a diverse, multi-generational workforce.

employer builds a culture of respect to motivate employees

Tech Startup Builds Infrastructure with Benefits to Compete Against Giants 

Lyrid Inc. did its homework by first listening to its employees and then selecting Paychex to help put a benefits package in place that matched what they wanted and needed to be successful.

Lyrid Inc. brings its remote team together for an online meeting.
Lyrid, Inc.

"What makes a successful company is the employees. They want to be heard. They want to be taken care of. Working with Paychex (on benefits) ... allows me to showcase to potential employees that we are different (than other startups)." 

Simon Loo
Lyrid Inc.

Employee Benefit FAQs

  • Why Are Employee Benefits So Important?

    Why Are Employee Benefits So Important?

    Two words: recruitment and retention. Surveys show that an overwhelming majority of today’s job candidates prefer an employer who offers a good employee benefits and employee services package. Employees who have benefits tend to stay longer in their jobs, saving the organization the cost of replacement and onboarding.

    We offer benefits administration tools that help you with the process of choosing, setting up, and managing your benefits package.

  • How Do You Offer and Manage Employee Benefits?

    How Do You Offer and Manage Employee Benefits?

    Businesses may set up their own employee benefits packages, but managing company benefits services and employee plan services accounts and keeping up to date with regulations can be a burden. Many businesses outsource their benefits administration to an all-in-one provider who can manage the complexities of retirement, health insurance, compliance, and ACA/ESR requirements.

  • What Are Legally Required Benefits?

    What Are Legally Required Benefits?

    Certain employee benefits are legally mandated by federal, state, and local laws. These vary by location but may include Social Security and Medicare. Federal mandatory employee benefits include:

    • Social Security and Medicare
    • Unemployment insurance
    • Workers' compensation insurance
  • How Much Do Employee Benefits Cost?

    How Much Do Employee Benefits Cost?

    The price of an employee benefits package can vary depending on the complexity of the plans. A Paychex HR business partner is available to help you select a benefits package that meets your business goals, budget, and company culture.

  • What Employee Benefits Are Most Important?

    What Employee Benefits Are Most Important?

    Depending on federal and state laws and regulations, businesses may be legally required to offer unemployment insurance, workers' compensation, and other benefits. Businesses may also give employees the options of voluntary benefits for dental or life insurance, flexible spending accounts (FSA/HSA), or 401(k) plans. Employees may consider other “non-traditional” benefits to be important, such as stock options, tuition reimbursement, and telecommuting or remote work — one of the most desired benefits, according to the 2021 Paychex Pulse of HR Survey.

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