Thumbnail

Paychex Small Business Snapshot: American Workers Say the Best Part of Pay Day is the Ability to Pay Bills

September 08, 2015

Paychex, Inc., a leading provider of payroll, human resource, insurance, and benefits outsourcing solutions for small- to medium-sized businesses, today released the results of its latest Paychex Small Business Snapshot in honor of National Payroll Week.

 

According to the company’s latest snapshot, 52% of employees polled say their favorite thing about pay day is that it gives them the ability to pay bills. Twenty-seven percent of respondents claimed seeing the dollar amount in their account(s) go up as being the best part of pay day.

“National Payroll Week is a great opportunity to publicly recognize and thank hard-working, experienced payroll professionals,” said Martin Mucci, Paychex president and CEO. “Today, businesses struggle with the growing complexity of payroll, including new proposed overtime rules, expanded benefits requirements, and minimum wage changes. Regulations such as these make the role of Paychex even more important to helping businesses succeed and grow.”

The survey also revealed that 68% of employees report looking at their pay stub on pay day. Only 3% said they don’t look at their pay stub. In addition, the survey revealed the majority of employees are aware of the most common payroll deductions – Social Security, Medicare, federal tax, and state tax (if applicable) – being taken out of their paycheck.

The American Payroll Association’s National Payroll Week is celebrated annually. This year’s recognition, of which Paychex is a platinum-level sponsor, runs through Friday, September 11.

 

What Americans Like Most About Pay Day from Paychex

About the Paychex Small Business SnapshotThe data included in the Paychex Small Business Snapshot was taken from the results of the Paychex Small Business Survey, administered by Survey Monkey. The survey was conducted online between August 20, 2015 and August 27, 2015. The survey yielded 1,274 responses from both business owners and their employees.

Tracy Volkmann
Public Relations Program Manager
585-387-6705

Tracy Volkmann

Tracy Volkmann began working at Paychex in July 2014 and currently serves as the public relations program manager. In this role, she is responsible for research PR efforts, as well as all publicity for the company's technology solution, Paychex Flex, and supporting overall goals of the public relations department. Tracy is a graduate of St. Bonaventure University and has a background in collegiate athletic communications, having spent seven years at West Point.