News Releases
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.”
One-in-Four Businesses Do Not Use Data Security Software to Defend Against Cyber Threats
October 24, 2019
According to the Paychex study, despite the growing risk of cyberattacks, 27 percent of business owners are not currently leveraging any type of data security software.
Paychex Wins “Awesome New Technologies for HR” Award
October 10, 2019
Paychex Flex® was honored among the "Awesome New HR Technologies for HR" at the 2019 HR Technology Conference & Expo.
Small Business Job Growth Rebounds in September; Wage Growth Also Increases
October 1, 2019
Small business job and wage growth experience largest one-month increase since 2016Job growth increased in September, as did hourly and weekly earnings growth, according to the latest Paychex | IHS Markit Small Business Employment Watch. At 98.22, the national jobs index experienced its largest gain in three years (0.21 percent), breaking with recent trends; however, the index remains down 0.97 percent year-over-year. In September, hourly earnings growth rose at its fastest one-month pace since 2016 to 2.77 percent ($0.74). Weekly earnings growth continued its upward trend as well, reaching 2.93 percent.