News Releases
Amid Solid Business Optimism, Rates of Entrepreneurship Are on the Rise
May 9, 2018
Entrepreneurship rates in the first quarter of 2018 neared peak levels following the recession, according to new research released today by Paychex. The report, entitled “Accelerating the Momentum of American Entrepreneurship,” evaluates the rate of entrepreneurship before, during, and after the recession, and the attitudes and perceptions of small business owners. The research shows that the rate of entrepreneurship grew steadily for several years following the recession in 2009, moderated from 2014 to 2016, started to accelerate again last year, and nearly reached its highest level since the recession in the first quarter of 2018. Additionally, the rate of small business failures has consistently trended lower since the start of 2014.
Paychex Introduces Paychex Promise, an Innovative Solution to Help Growing Businesses
May 2, 2018
In recognition of National Small Business Week, Paychex is launching Paychex Promise, a new subscription-based service that delivers the ultimate peace of mind to business owners: protection against payroll interruptions and solutions to address the routine challenges of running a successful business. The primary offering, Payroll Protection, extends the collection of payroll funds from a business’s bank account by seven days without interruption of service or insufficient fund charges, enabling business owners to pay employees and remit taxes on time even when vacations or invoice delays disrupt cash flow timing. Paychex Promise will be offered free of charge to eligible businesses for the first three months.
Paychex IHS Markit Small Business Employment Watch: Wages Show Positive Momentum as Job Growth Continues to Moderate Amid Tightening Labor Market
May 1, 2018
According to the latest Paychex | IHS Markit Small Business Employment Watch, wage growth accelerated in April, while the pace of monthly small business job growth continued to tighten. The Small Business Jobs Index fell 0.12 percent for the month and is down 0.96 over the past year to 99.53. Hourly earnings grew $0.70 to $26.56, up 2.69 percent from last year. One-month annualized hourly earnings growth in April was 3.25 percent, reaching a two-year high. Read the full news release.
Paychex Collaborates with Workplace by Facebook to Bring New Communication Tools to Paychex Flex® Users
May 1, 2018
Paychex, Inc., a leading provider of integrated human capital management (HCM) solutions for payroll, human resources, retirement, and insurance services, today announced it is collaborating with Workplace by Facebook to introduce a social collaboration tool to the company’s HCM suite, Paychex Flex®. The announcement comes on the opening day of Facebook’s annual F8 Developer Conference, taking place at the McEnery Convention Center in San Jose, Calif.
Paychex Expands Board, Elects New Member
April 30, 2018
Paychex, Inc., today announced that the Paychex Board of Directors has voted to expand the board to 11 members and elected financial services industry executive Pamela A. Joseph to fill the additional seat. Ms. Joseph previously served as a member of the Paychex Board of Directors for more than 11 years before resigning in March 2017 due to other professional and board commitments.
Paychex Adds New Features to Financial Advisor Console to Enhance User Experience
April 16, 2018
To enable financial advisors to provide the best client service possible, Paychex, Inc., one of the nation’s leading providers of 401(k) recordkeeping services, is launching several enhancements to its Advisor Console, the portal which financial advisors use to manage their book of business with Paychex. With a focus on accessibility and ease of use, Advisor Console’s new features and functionality allow financial advisors to be as efficient as possible when serving their clients’ plans and investments. The Advisor Console features: