News Releases
Paychex Supports Customers with New Form W-4 through Rapid System Update and Other Resources
December 5, 2019
The IRS has released a final version of the Form W-4 to be used by all new employees, and for all adjustments, effective January 1, 2020 Paychex, Inc., a leading provider of HR technology solutions for human resources, payroll, benefits, and insurance services, has updated its systems to accommodate the new Form W-4 issued late yesterday by the IRS, while continuing to support calculation methods of the previous W-4 for its customers. All new employees hired as of January 1, 2020 must complete the new Form W-4, as well as any current employees who wish to make withholding adjustments.
Small Business Wage Growth Hits New High, Job Growth Consistent in November
December 3, 2019
The tight labor market continues to positively impact wage growth, according to the latest Paychex | IHS Markit Small Business Employment Watch.
Paychex One of the Best Places to Work in Insurance
November 19, 2019
Business Insurance magazine named Paychex Insurance Agency to its list of Best Places to Work in Insurance for a fifth year in a row in 2019.
FORTUNE® Names Paychex Among the ‘Future 50’ Companies Best Positioned for Growth
November 18, 2019
Paychex, Inc., has been included on FORTUNE magazine’s Future 50 list of companies that are best positioned for long-term growth by demonstrating both steady execution and strategic agility.
Small Business Wage Growth Gains Momentum, Job Growth Holds Steady in October
October 29, 2019
Paychex | IHS Markit Small Business Employment Watch shows small business hourly earnings growth hit 3.00 percent in October The tight labor market positively impacted wage growth in October, according to the latest Paychex | IHS Markit Small Business Employment Watch. Hourly earnings are on the rise, reaching 3.00 percent ($0.80) growth in October. Additionally, after hovering just above two percent to start the year, weekly earnings growth has quickly improved to 3.36 percent as month-to-month gains grow larger. At 98.14, the national jobs index remains essentially the same as last month (98.22).
Paychex Named to HRExaminer 2020 Watchlist for AI in HR
October 25, 2019
HRExaminer has named Paychex to its 2020 Watchlist for intelligent tools and artificial intelligence in HR. As part of the third annual report – The 2020 Index of Intelligent Tools in HR Technology – Paychex, Inc., a leading provider of HR, payroll, benefits, and insurance solutions, appears on the Watchlist for the first time.“Legacy providers have massive market advantages over startups,” noted John Sumser, HRExaminer founder and principal analyst, in the report. “With large datasets and existing customers, it’s easier to see intelligent tools as a path to increased customer satisfaction while reducing overall costs. Paychex is demonstrating that a broad-spectrum utilization of ‘AI’ tools can strengthen existing operations.”