Employees of Small Businesses See Record High Hourly Earnings Growth in November; Job Growth Also Continues to Increase
November 30, 2021
Wage growth reached a new high for the employees of small businesses in the U.S. in November, according to aggregated payroll data of approximately 350,000 Paychex clients with fewer than 50 employees.
Paychex Board of Directors Announce Appointments of Martin Mucci as Board Chair and CEO and John Gibson as President and Chief Operating Officer
November 23, 2021
The Paychex, Inc. Board of Directors today announced that, effective December 1, 2021, Martin Mucci will assume an additional role as Chairman of the Board, succeeding B.Thomas Golisano, who founded the Company in 1971. Mr. Mucci will continue to serve as Chief Executive Officer, a role he has held since September 2010. Mr. Golisano will remain on the Board as a Director of the Company.
November 16, 2021
NelsonHall, a leading global analyst and research firm, identified Paychex as a “Leader” in its latest annual NEAT vendor evaluation report for human capital management (HCM).
November 2, 2021
National job growth was on the rise for the fifth consecutive month in October and wages are increasing dramatically too, according to aggregated payroll data of Paychex. The data released in the latest report of the Paychex | IHS Markit Small Business Employment Watch shows the Small Business Jobs Index for October increased to 100.45, up 0.50 percent in October and 6.50 percent over a year ago. In response to labor market pressures, hourly earnings growth improved to 3.85 percent in October, a new record level since reporting began ten years ago.
October 19, 2021
Paychex, Inc., a leading provider of integrated human capital management (HCM) software solutions for human resources, payroll, benefits, and insurance services, today announced it has built functionality to assist businesses with vaccination status tracking of their employees. This capability is being added to the robust list of Paychex technology solutions designed to support businesses as they continue to navigate the impacts of the COVID-19 pandemic.