News Releases
Paychex Supports RISE Act to Help Micro-Businesses Offer Employee Retirement Plans
October 24, 2023
Paychex, Inc., the largest 401(k) recordkeeper in the U.S. by total number of plans, supports the passage of this legislation, which would help smaller businesses receive incentives similar to those that larger businesses currently receive.
Coming Soon: New Benchmarking and People Analytics to Enhance Business Insights for Paychex Flex® Users
October 10, 2023
Today, the HR function is becoming even more integral to the strategic business decision-making process due to the growing availability of advanced HR and workforce data. The power of this data comes when business leaders and HR professionals can easily access and interpret HR analytics to turn insights into action seamlessly. For more than 52 years, Paychex has been at the forefront of simplifying the complexities facing American businesses while continuously anticipating, developing, and implementing the right technologies to help our customers succeed in a dynamic market.
Hourly Wage Growth for Small Business Workers Continues to Cool, Consistent with Overall Inflation Trend
October 3, 2023
According to the Paychex | IHS Markit Small Business Employment Watch, hourly earnings growth has slowed to 3.79% in September 2023, a pace not seen since September 2021 (3.77%).
Paychex Releases 2023 Environmental, Social, and Governance (ESG) Report
September 14, 2023
Paychex announced the release of its 2023 Environmental, Social, and Governance (ESG) Report. The report details the actions the company, a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, is taking with the goal of “Working for a Better World.”
Paychex Announces Efrain Rivera Plans to Retire as CFO
September 5, 2023
Paychex, Inc. announced today that Efrain Rivera, senior vice president and chief financial officer will retire as CFO, effective October 12, 2023. Robert L. Schrader, currently vice president of Finance and Investor Relations, will be named senior vice president and CFO, effective October 13, 2023.
August Job Growth Among Small Businesses Unchanged from July
August 29, 2023
The August Paychex | IHS Markit Small Business Employment Watch is essentially unchanged from July.