News Releases
Weekly Hours Worked Up Among Small Businesses
September 4, 2018
While the Paychex | IHS Markit Small Business Employment Watch for August shows a continued decrease in the rates of small business jobs and wage growth, it also reveals that weekly hours worked are on the rise. Down 0.12 percent in August to 99.22, the Small Business Jobs Index has fallen for three consecutive months and is 0.73 percent lower than a year ago. The rate of hourly earnings growth in August stands at 2.21 percent. Despite the hiring slowdown, the number of weekly hours worked has been increasing for the past 21 months (up 0.52 percent YOY), helping weekly earnings growth (up 2.74 percent YOY).
Forbes' World's Most Innovative Companies
August 31, 2018
Paychex was named to Forbes magazine’s list of the World’s Most Innovative Companies, coming in at No. 76.
Paychex Again Makes the Top 5 on Selling Power’s “50 Best Companies to Sell For” List
August 6, 2018
For the sixth consecutive year, Paychex has been recognized by Selling Power magazine on its 50 Best Companies to Sell For list, ranking number three in 2018.
Paychex Again Recognized as Industry Leader in 401(k) Recordkeeping Services
August 1, 2018
For the eighth consecutive year, Paychex, Inc., one of the nation’s leading providers in 401(k) recordkeeping services, has earned the distinction of being the retirement industry’s leader in total number of defined contribution plans, serving 80,000 plans. The ranking was included as part of the annual Recordkeeping Survey published by PLANSPONSOR magazine, a national publication dedicated to the pension and retirement industry.
Paychex IHS Markit Small Business Employment Watch: Jobs and Wage Growth Slow in July
July 31, 2018
The Paychex | IHS Markit Small Business Employment Watch for July shows slight declines in the rates of small business jobs and wage growth. At 99.34 in July, the Small Business Jobs Index is down 0.63 percent year-over-year. Hourly earnings growth stands at 2.42 percent, up $0.63 from a year ago. Since last July, hourly earnings growth has slowed 0.54 percent. Read the full news release on the Small Business Employment Watch site.
New Survey: Entrepreneurs Optimistic About Business Outlook, Ability to Find New Customers
July 25, 2018
The first Paychex Business Sentiment Report shows business owners have a generally positive business outlook and are relatively optimistic about the state of the U.S. economy.