Paychex Introduces New HCM Solutions to Help Clients Drive Efficiency at No Additional Cost
Paychex to showcase new products at HR Technology Conference & Expo
As the HR technology community turns its attention to next week’s 2017 HR Technology Conference & Exposition, Paychex, Inc., a leading provider of human capital management solutions for payroll, HR, retirement, and insurance services, announced that it is embedding two new products - Paychex Flex® Onboarding Essentials and a do-it-yourself handbook builder – into two of its mid-level HCM bundles at no additional cost to customers.
These new products address two of the biggest pain points today’s business owners face. According to a Paychex Small Business Survey, onboarding and employee handbooks are the top two HR functions business owners are the least confident in their business’s ability to effectively manage.
“At Paychex, we’re in business to give our clients the tools they need to help them efficiently and effectively manage their human capital management needs. With today’s news, we’re helping to address two of their most challenging HR obstacles – onboarding employees and delivering an employee handbook – all at no additional charge,” said Tom Hammond, Paychex vice president of corporate strategy and product management. “These new products and go-to-market approach demonstrate Paychex’s continued commitment to innovation and delivering solutions that empower organizations of all sizes to compete for, secure, and engage top talent that will ultimately help them grow their business.”
Paychex Flex Onboarding Essentials enables clients to onboard new hires quickly and do so in a completely paperless fashion. With Onboarding Essentials, new hires receive a welcome email – which includes the opportunity for custom messaging from the business owner or HR manager – that initiates a guided step-by-step process for completing and electronically signing new-hire paperwork on whatever device they choose. Throughout the process, data collected is fed seamlessly into payroll to help ensure that the employee’s first paycheck is accurate and on time, as well storing documentation in an electronic file cabinet for easy, online access to that required paperwork in the future.
“Onboarding extends far beyond filling out required government forms,” Hammond said. “The right onboarding experience sets the tone for employee engagement from day one. Not only is initiating onboarding through an automated, paperless process efficient, it can also convey an organization’s brand, culture, and guiding behaviors – all of which lay the groundwork for a successful employer-employee relationship.”
In addition to Onboarding Essentials, Paychex is introducing an online DIY handbook builder that will allow clients to create an employee handbook that fits their needs and those of their employees. The tool features compliant and legally approved policies, covering laws and regulations across all 50 states. It also offers options for customization and configuration to support a single handbook for all states in which a business may operate. Once complete, the handbook lives online for easy distribution.
“It may seem overstated, but an accurate and updated employee handbook is essential for any business,” Hammond said. “Not only can it minimize compliance risk by clearly communicating company policies, it also helps reinforce culture by providing context around company values and expectations.”
To learn more about both products, along with Paychex’s entire HCM suite of solutions, visit the Paychex booth (#2332) at the HR Technology Conference & Expo at The Venetian in Las Vegas, Oct. 11-13, 2017.
In addition to in-booth activities, Frank Fiorille, Paychex VP of risk, compliance, and data analytics, will join Jim Diffley, senior director of industry services and consulting at IHS Markit, in presenting a breakout session entitled “Interpreting Jobs Data as an Economic Indicator and Barometer for Small and Mid-Sized Business” on Wednesday, October 11, 3:30-4:30 p.m. PT. The session, which will feature the Paychex | IHS Markit Small Business Employment Watch as a viable resource for HR decision-making, is one of several built into the conference’s new Small and Mid-Size HR Tech track.
To learn more about Paychex HR services, which serve one million work-site employees nationwide, visit www.paychex.com/human-resources.