News Releases
Study: Nearly Half of Small Business Owners Feel Repealing Net Neutrality Will Have a Negative Impact
April 16, 2018
On April 23, 2018, the Federal Communications Commission’s (FCC) repeal of net neutrality rules begins. According to a Paychex Small Business Survey conducted by Paychex, Inc., a leading provider of integrated human capital management solutions for payroll, HR, retirement, and insurance services, 44 percent of small business owners feel repealing net neutrality rules that are currently in place will negatively impact their business website, and the same number, 44 percent, are not sure how the repeal will impact their business.
Paychex IHS Markit Small Business Employment Watch: Job Growth Tightens Among Small Businesses in March; Wage Growth Holds Steady
April 3, 2018
Small business employment growth declined slightly in March, while wage growth remained largely consistent, according to the latest Paychex | IHS Markit Small Business Employment Watch. Falling 0.12 percent to 99.65 in March, the Small Business Jobs Index has been below 100 for the past nine months and has slowed 1.07 percent since March 2017. Hourly earnings grew $0.69 in the past year to $26.48 for a 12-month wage growth of 2.66 percent, virtually unchanged from 2.67 percent YOY growth in February. Due to continued increases in hours worked, weekly earnings growth is higher than hourly earnings growth at 2.90 percent.
Paychex Wins Stevie® Award for Customer Service
March 20, 2018
For the second consecutive year, the American Business Awards (ABA) has honored Paychex, Inc., a leading provider of integrated human capital management solutions for payroll, human resources, retirement, and insurance services, with a bronze medal for Customer Service Department of the Year as a part of its Stevie® Awards program.Presented annually by the ABA, the Stevie Awards are widely considered among the nation’s top honors for sales and customer service. All organizations operating in the U.S. are eligible to submit nominations – public and private, for-profit and non-profit, large and small. Paychex’s bronze medal came in the financial services category among those businesses with 100 or more employees.
Paychex - IHS Markit Small Business Employment Watch: Small Business Job Growth and Wages Moderate in February
March 6, 2018
After an uptick to start the year, the Paychex | IHS Markit Small Business Employment Watch saw small declines in jobs and wage growth in February. The Small Business Jobs Index stands at 99.77, down 0.11 percent from January and one percent below last year. The index has been below 100 since July 2017. Hourly earnings increased $0.69 in the past year to $26.41, but February’s 12-month growth rate fell to 2.67 percent compared to 2.74 percent the previous month. Weekly earnings growth has also slipped below three percent during the past quarter. Read the full news release.
Paychex Acquires Lessor Group
March 1, 2018
Paychex, Inc., a leading provider of integrated human capital management solutions for small- to medium-sized businesses, today announced the acquisition of Lessor Group (Lessor), a market-leading provider of payroll and human capital management (HCM) software solutions headquartered in Denmark and serving clients in Northern Europe. Lessor provides services under two models – a SaaS and on-premise suite through its Lessor platform and Microsoft Dynamics; and a do-it-yourself, cloud-based platform branded as Danløn in Denmark and delivered under the following brands in other parts of Europe: Ilohngehalt (Germany), Norlønn (Norway), and Swelön (Sweden).
Paychex Named One of the World’s Most Ethical Companies® by the Ethisphere Institute for the 10th Time
February 19, 2018
Paychex, Inc., a leading provider of integrated human capital management solutions for payroll, HR, retirement, and insurance services, has been recognized by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, as one of the 2018 World’s Most Ethical Companies®. This is the 10th year Paychex has received this honor, which underscores its commitment to leading with integrity and prioritizing ethical business practices.