The Paychex | IHS Markit Small Business Employment Watch was created by a team of highly qualified data scientists at Paychex, with input and consultation from IHS Markit.
As a leading provider of payroll, human resource, insurance, and benefits outsourcing solutions for small- to medium-sized businesses, Paychex has the expertise and data available to provide the most timely and accurate look at small business employment trends in the U.S.
IHS Markit has over 50 years of expertise in economic forecasting, with comprehensive forecasts, data, and analysis of the global economy and the U.S. economy at a national, regional, state, and metro level. As the leading source of information, insight, and analytics in critical areas that shape today's business landscape, IHS Markit helps businesses and governments make high-impact decisions and develop strategies with speed and confidence.
Frank Fiorille is the Vice President of Risk, Compliance, and Data Analytics at Paychex. Fiorille has over 20 years' experience in risk management and credit and joined Paychex in 2002 to lead the company's initiative to build an enterprise-wide risk apparatus. He was named one of the 100 Most Influential People in Finance by Treasury & Risk magazine in 2008 and 2009. He is credited for leading successful projects to build the first risk and retention models in both the educational lending and payroll outsourcing industries.
Michael Nichols is a data scientist at Paychex. Since joining the company in 2006, he has played a key part in the development of business metrics and trends analysis, providing information to management for decision-making purposes. From his initial role specializing in MIS & Portfolio reporting, he has advanced to take the lead role in the creation of reporting and analytics, as well as data mining for Risk Analytics predictive modeling efforts. In 2010, Nichols received the Living the Risk Management Mission Award for high performance and customer service. Graduating Summa Cum Laude in 2005, he holds a B.S. in Business Administration, with a concentration in Finance, from the University at Buffalo.
Dr. Nariman Behravesh is the Chief Economist of IHS Markit. Directing the entire economic forecasting process at IHS Markit, he is responsible for developing the economic outlook and risk analysis for the U.S., Europe, Japan, China, and other emerging markets. He oversees the work of over 400 professionals worldwide, who cover economic, financial, and political developments in over 200 countries.
As the chief economics spokesperson at IHS Markit, Behravesh is quoted on such topics as the outlook for the U.S. and global economies, exchange rates, the budget deficit, the trade deficit, globalization, country risk, and sovereign debt crises.
Diffley came to IHS Markit through the acquisition of Global Insight, and predecessor organization, WEFA, Inc. From 1988 to 1996 he was supervising tax analyst with the New Jersey Division of Taxation's Office of Tax Analysis. From 1982 to 1987, he was on the economics faculty at Adelphi University in New York.