Paychex Inc (OQ:PAYX)

Business Focus: Human Resources Consulting Services

Apr 09, 2024 11:45 am ET

Paychex Recognized for Excellence in Health & Well-being by Business Group on Health

Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, has again been named among the Business Group on Health’s Best Employers for Excellence in Health & Well-being. For the 10th time, Paychex has been recognized for the company’s commitment

Apr 03, 2024 08:30 am ET

U.S. Small Business Job and Wage Growth Remain Steady

According to the Paychex Small Business Employment Watch, the Small Business Jobs Index grew 0.18 percentage points in March to 100.85 – the first increase year-to-date – but remained below pre-pandemic levels for the first three months of 2024. Hourly earnings growth for workers at U.S. companies wi

Apr 02, 2024 08:30 am ET

Paychex, Inc. Reports Third Quarter Results: Sustained Growth in Revenue and Earnings

Paychex, Inc. (the "Company," "Paychex," "we," "our," or "us") today announced the following results for the fiscal quarter ended February 29, 2024 (the "third quarter"), as compared to the corresponding prior-year period:

Mar 28, 2024 05:28 pm ET

BetterInvesting™ Magazine Update on Paychex Inc. and Pfizer Inc.

TROY, Mich., March 28, 2024 /PRNewswire/ -- The Editorial Advisory and Securities Review Committee of BetterInvesting Magazine today announced Paychex Inc. (NYSE: PAYX) as its "Stock to Study" and Pfizer Inc. (NYSE: PFE) as its "Undervalued Stock" in the June/July 2024 issue for investors' informational and educational use.

Mar 26, 2024 09:30 am ET

Paychex Named Among FORTUNE’s Most Innovative Companies

Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, has been recognized on FORTUNE® magazine's list of America’s Most Innovative Companies for the second consecutive year. Paychex was awarded for the company’s commitment to industry-l

Mar 25, 2024 08:30 am ET

Paychex, Inc. Reschedules Release of Third Quarter Fiscal 2024 Earnings Results and Conference Call

Paychex, Inc. (Nasdaq: PAYX) today announced that it has changed the date for its previously announced earnings conference call due to a scheduling conflict. The company will now host a conference call at 9:30 a.m. ET on Tuesday, April 2, 2024, to review the results for the quarter. Participating in this call will be

Mar 13, 2024 02:00 pm ET

Paychex, Inc. Schedules Third Quarter Fiscal 2024 Earnings Conference Call for March 27, 2024

Paychex, Inc. (Nasdaq: PAYX) will release financial results for its fiscal 2024 third quarter ended February 29, 2024. Paychex will deliver results via Business Wire before the financial markets open on Wednesday, March 27, 2024.

Mar 12, 2024 08:00 am ET

Paychex Names Beaumont Vance as Senior Vice President of Data, Analytics, and AI

Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, announced today that Beaumont Vance has joined the company as senior vice president of data, analytics, and AI. In this role, he will be responsible for developing and executing the compan

Mar 05, 2024 08:30 am ET

U.S. Small Businesses Continue to Show Moderate Job Growth and Wage Inflation Continues to Moderate

According to the Paychex Small Business Employment Watch, year-over-year hourly earnings growth for U.S. workers moderated to 3.42% in February, continuing a trend that began mid-2022. Small business job growth held steady from last month, with the national Small Business Jobs Index closing February

Mar 04, 2024 09:00 am ET

Paychex Named One of The World’s Most Ethical Companies® by Ethisphere for 16th Time

Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, has been named among one of the 2024 World’s Most Ethical Companies® on Ethisphere’s annual list. This marks the 16th time Paychex has been recognized since the program be

Feb 29, 2024 09:15 am ET

39% of Employees Believe Current Level of AI Involvement in HR Processes is Appropriate; 20% Prefer More

A new study from Paychex, Inc. reveals the benefits and challenges of artificial intelligence (AI) in the human resources (HR) industry, and how opinions on its use and effectiveness differ between HR professionals and employees. The first in a new series of 2024 Pulse of HR Reports entitled “Balancing Tech and Touch in Human Resources,” found that 41

Feb 27, 2024 10:30 am ET

Paychex Ranks Fourth on List of World’s Top Training Organizations

Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, has been recognized as one of the top training organizations in the world with a 2024 Training APEX Award, presented by Training magazine. Paychex ranked number four on the list that identifies

Jan 30, 2024 08:30 am ET

Job Gains Continue Among U.S. Small Businesses to Start 2024

According to the Paychex Small Business Employment Watch, January marks the 34th consecutive month of job growth for U.S. small businesses. Wage growth for workers continues to stabilize in the new year with hourly earnings growth remaining essentially unchanged since November at 3.47%.

Jan 19, 2024 08:56 am ET

Paychex Declares Quarterly Dividend and Authorizes $400 Million Stock Repurchase

Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, today announced a quarterly dividend of $.89 per share payable February 27, 2024. The dividend is available to shareholders of record as of February 13, 2024.

Jan 11, 2024 01:00 pm ET

Paychex Wins 2024 BIG Innovation Award

Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, was named a winner in the

Jan 04, 2024 09:00 am ET

Paychex Earns Top Awards In 6 Categories from Sapient Insights Group

Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, has earned spots as a “Top Five” vendor solution from small and medium businesses in six HR system Voice of the Customer (VoC) categories. The company’s evaluation is based directly on Pay

Jan 03, 2024 08:30 am ET

U.S. Small Business Job Growth Continues as Wage Inflation Moderates to Close 2023

U.S. small businesses experienced job growth for all of 2023 and extended a cycle of consistent job growth for 33-straight months, according to December data from the Paychex Small Business Employment Watch. The Small Business Jobs Index closed the year at 101.21 (1.2% growth), while hourly earnings

Dec 21, 2023 08:30 am ET

Paychex, Inc. Reports Second Quarter and Mid-year Fiscal 2024 Results

Paychex, Inc. (the "Company," "Paychex," "we," "our," or "us") today announced the following results for the fiscal quarter ended November 30, 2023 (the "second quarter"), as compared to the corresponding prior-year period:

Dec 08, 2023 02:00 pm ET

Paychex, Inc. Schedules Second Quarter Fiscal 2024 Earnings Conference Call for December 21, 2023

Paychex, Inc. (Nasdaq: PAYX) will release financial results for its fiscal 2024 second quarter ended November 30, 2023. Paychex will deliver results via Business Wire before the financial markets open on Thursday, December 21, 2023.

Dec 06, 2023 10:00 am ET

Paychex Identifies Top 5 Regulatory Issues for Employers to Watch in 2024

Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, today released the top five regulatory and compliance-related topics employers should be monitoring heading into 2024. The annual Paychex list is intended to keep business leaders up to da

Dec 05, 2023 08:30 am ET

Wage Growth for Workers of U.S. Small Businesses Continues Downward Trend; Job Growth Remains Stable

The rate of hourly earnings growth for workers at U.S. small businesses has slowed 17 of the past 18 months to 3.48% in November, falling below 3.50% for the first time since July 2021, according to the Paychex Small Business Employment Watch. Hiring at small businesses across the U.S. remains stable

Nov 28, 2023 09:00 am ET

Paychex Study: SMB Leaders to Manage HR and Business Challenges with New Technology in 2024

Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, today shared the results of the annual

Nov 09, 2023 11:00 am ET

Paychex Named a Leader in Payroll Services by NelsonHall

NelsonHall, a global analyst and research firm, has once again identified Paychex, Inc., a leading pro

Oct 31, 2023 08:30 am ET

Small Business Wage Growth Continues Downward Trend, While Job Growth Remains Stable

According to the Paychex | IHS Markit Small Business Employment Watch, job growth across the U.S. remains moderate but is growing at a slower rate than a year ago. Meanwhile, growth in hourly and weekly earnings decelerated in October, consistent with recent trends. Hourly earnings gro

Oct 24, 2023 10:00 am ET

Paychex Supports RISE Act to Help Micro-Businesses Offer Employee Retirement Plans

Rep. Claudia Tenney (R-NY) and Rep. Dan Kildee (D-MI) have introduced H.R. 6007 – the Retirement Investment in Small Employers (RISE) Act – bipartisan legislation that would allow micro-sized businesses with 1-9 employees to realize full retirement plan startup tax credits and benefits originally offered in SECURE Act 2.0. Paychex, Inc., the

Oct 12, 2023 08:03 am ET

Paychex Declares Quarterly Dividend

Today the Board of Directors of Paychex, Inc. (NASDAQ:PAYX) declared a regular quarterly dividend of $.89 per share payable November 28, 2023 to shareholders of record November 14, 2023.

Oct 03, 2023 08:30 am ET

Hourly Wage Growth for Small Business Workers Continues to Cool, Consistent with Overall Inflation Trend

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%). The Small Business Jobs Index — which measures the rate of small business job growth in the U.S. — shows 98

Sep 27, 2023 08:30 am ET

Paychex, Inc. Reports First Quarter Fiscal 2024 Results:

Paychex, Inc. (the "Company," "Paychex," "we," "our," or "us") today announced the following results for the quarter ended August 31, 2023 (the "first quarter"), as compared to the corresponding prior-year period:

Sep 14, 2023 03:05 pm ET

Paychex Releases 2023 Environmental, Social, and Governance (ESG) Report

Today, Paychex, Inc. announced the release of its

Sep 13, 2023 02:00 pm ET

Paychex, Inc. Schedules First Quarter Fiscal 2024 Earnings Conference Call for September 27, 2023

Paychex, Inc. (Nasdaq: PAYX) will release financial results for its fiscal 2024 first quarter ended August 31, 2023. Paychex will deliver results via Business Wire before the financial markets open on Wednesday, September 27, 2023.

Sep 05, 2023 04:00 pm ET

Paychex Announces Efrain Rivera Plans to Retire as CFO

Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, announced today that Efrain Rivera, senior vice president and chief financial officer will retire as CFO, effective October 12th, 2023. Rivera will remain as a senior advisor for the remainder of 2023. Robert L. Schrader, currently vice president of Finance and Investor Relations, will be named senior vice president and CFO, effective October 13, 2023.

Aug 29, 2023 08:30 am ET

August Job Growth Among Small Businesses Unchanged from July

According to the Paychex | IHS Markit Small Business Employment Watch, the national Small Business Jobs Index — which measures the rate of small business job growth in the U.S. — is essentially flat at 99.10, a decrease of 0.04% in August. Meanwhile, an hourly earnings growth rate of 3

Aug 15, 2023 10:32 am ET

Paychex Named Largest 401(k) Recordkeeper in the U.S. for 13th Consecutive Year

For the 13th year in a row, Paychex, Inc. has earned PLANSPONSOR magazine’s distinc

Aug 11, 2023 08:45 am ET

Paychex Earns 2023 Tech Cares Award From TrustRadius

ROCHESTER, NY / ACCESSWIRE / August 11, 2023 / Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, has been recognized by TrustRadius with a 2023 Tech Cares Award for the company's Corporate Social Responsibility (CSR) programs and community impact. This is the third time that TrustRadius has recognized Paychex in the annual awards program that serves as a trust indicator for buyers in the tech community looking to work with

Aug 01, 2023 08:30 am ET

Job Market Remains Stable, Wage Growth Drops Below Four Percent

According to the Paychex | IHS Markit Small Business Employment Watch, hourly earnings growth (3.95%) has dipped below four percent for the first time since 2021, and one-month annualized growth in hourly earnings remains below four percent for the fourth consecutive month. Small busin

Jul 13, 2023 12:21 pm ET

Paychex Declares Quarterly Dividend

Today the Board of Directors of Paychex, Inc. (NASDAQ:PAYX) declared a regular quarterly dividend of $.89 per share payable August 24, 2023 to shareholders of record August 10, 2023.

Jul 13, 2023 09:10 am ET

Paychex Named to Selling Power’s 2023 "50 Best Companies To Sell For" List

ROCHESTER, NY / ACCESSWIRE / July 13, 2023 / Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, has once again been named to the Selling Power 50 Best Companies to Sell For list. This is the 10th time that the corporate research team at Selling Power magazine has recognized Paychex as a top sales organization.

Jul 12, 2023 09:00 am ET

Paychex Named to Selling Power’s 2023 “50 Best Companies to Sell For” List

Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, has once again been named to the

Jul 06, 2023 08:30 am ET

Paychex Named a Leader in HCM Technology by NelsonHall

NelsonHall, a global analyst and research firm, has once again identified Paychex, Inc., a leading pro

Jul 05, 2023 08:30 am ET

Small Business Jobs Index Dips in June, Rate of Wage Growth Continues to Moderate

The rate of small business hiring slowed modestly in June as hourly earnings growth across the U.S. decelerated to 4.02% from 4.24% in May, according to the Paychex | IHS Markit Small Business Employment Watch. The national Small Business Jobs Index — which measures the rate of small b

Jun 29, 2023 08:30 am ET

Paychex, Inc. Reports 2023 Results

Paychex, Inc. (the "Company," “Paychex," "we," "our," or "us") today announced the following results for the quarter ended May 31, 2023 (the "fourth quarter") and fiscal year ended May 31, 2023 ("fiscal 2023"), as compared to the corresponding prior-year period:

Jun 21, 2023 10:00 am ET

Paychex Charitable Foundation Commits $1 Million to National Urban League

ROCHESTER, NY / ACCESSWIRE / June 21, 2023 / Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, today announced that National Urban League will receive a $1 million grant from the Paychex Charitable Foundation. The grant, which allocates $250,000 annually over four years, will support job training and workforce development programs in key markets where Paychex has a high concentration of employees.

Jun 20, 2023 11:00 am ET

Paychex Charitable Foundation Commits $1 Million to National Urban League

Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, today announced that

Jun 15, 2023 02:00 pm ET

Paychex, Inc. Schedules Fourth Quarter Fiscal 2023 Earnings Conference Call for June 29, 2023

Paychex, Inc. (Nasdaq: PAYX) will release financial results for its fiscal 2023 fourth quarter and full-year ended May 31, 2023. Paychex will deliver results via Business Wire before the financial markets open on Thursday, June 29, 2023.

Jun 12, 2023 08:30 am ET

Over 75% of HR Leaders Will Use AI in the Next Year, According to New Paychex Research

Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, today released the results of its

Jun 12, 2023 08:30 am ET

Paychex Charitable Foundation Commits $1 Million to Junior Achievement USA®

NORTHAMPTON, MA / ACCESSWIRE / June 12, 2023 / Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, today announced that Junior Achievement USA®, the nation's largest organization dedicated to providing young people the knowledge and skills they need for economic success, will receive a $1 million grant from the Paychex Charitable Foundation. The grant, which allocates $250,000 a

May 30, 2023 08:30 am ET

Small Business Jobs Growth Holds Steady in May

Hourly earnings growth for U.S. workers slows

May 25, 2023 09:00 am ET

Paychex Flex® Earns HR Tech Award from Lighthouse Research & Advisory

Cloud-based SaaS solution, Paychex Flex, recognized as a Best Core HR/Workforce Solution

May 18, 2023 10:00 am ET

Gen Z Surpasses Baby Boomers in Small Business Workforce Participation

Paychex special report investigates Gen Z's growing impact on workforce in the U.S.

May 17, 2023 12:00 pm ET

Paychex Charitable Foundation Commits $1 Million to Junior Achievement USA®

The donation aims to support the long-term financial health of America's youth

May 15, 2023 01:00 pm ET

Paychex Names Elizabeth Roaldsen as Senior Vice President of Operations and Customer Experience

Veteran financial industry executive to lead the company's customer experience

May 04, 2023 02:45 pm ET

Healthy Employees = Healthy Business: Why Invest in Mental Wellness

NORTHAMPTON, MA / ACCESSWIRE / May 4, 2023 / Paychex, Inc.

May 02, 2023 10:00 am ET

Paychex Charitable Foundation Commits $1 Million to Feeding America(R)

NORTHAMPTON, MA / ACCESSWIRE / May 2, 2023 / Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, today announced that the hunger relief organization Feeding America® will receive a $1 million grant from the Paychex Charitable Foundation. The grant, which allocates $250,000 annually over four years, will support local food banks that deliver equitable access to nutritious food in key mar

May 02, 2023 08:30 am ET

U.S. Small Business Hourly Earnings Growth Continues to Slow in April

Small business job growth remains above pre-pandemic levels

May 01, 2023 04:23 pm ET

Paychex Charitable Foundation Commits $1 Million to Feeding America®

This is the second of four investments planned by Paychex to support U.S. worker well-being

Apr 28, 2023 08:49 am ET

Paychex Declares a 13% Increase in Quarterly Dividend

Paychex, Inc. (Nasdaq: PAYX), a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, today announced that its board of directors approved a $.10 increase in the company’s regular quarterly dividend, an increase of 13 percent. The dividend will increase from $.79 per share to $.89 per share and is payable May 25, 2023 to shareholders of record May 11, 2023.

Apr 12, 2023 08:15 am ET

Paychex Named Among FORTUNE’s Most Innovative Companies

NORTHAMPTON, MA / ACCESSWIRE / April 12, 2023 / Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, has been recognized on FORTUNE® magazine's inaugural list of America's Most Innovative Companies. The recognition as a 2023 innovator was awarded to Paychex for the company's commitment to industry-leading HR solutions while fostering a culture of innovation. The list, presented by FORTUNE and Statista, Inc., feat

Apr 05, 2023 08:40 am ET

Paychex Named One of the World’s Most Ethical Companies by Ethisphere for the 15th Time

NORTHAMPTON, MA / ACCESSWIRE / April 5, 2023 / Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, has been named among one of the 2023 World's Most Ethical Companies® on Ethisphere‘s annual list for the 15th time.

Apr 04, 2023 08:30 am ET

Small Business Jobs and Wages Increase Modestly in March

ROCHESTER, N.Y., April 4, 2023 /PRNewswire/ -- Small business employment has grown consistently during the first quarter of 2023, according to the Paychex | IHS Markit Small Business Employment Watch. The Small Business Jobs Index, which measures employment growth, increased modestly (0.06%) from the previous month to 99.73. The March report also showed average hourly earnings increased slightly from the previous month to 4.64 percent.

Mar 30, 2023 04:20 pm ET

Paychex Charitable Foundation to Donate $1 Million to Mental Health America

NORTHAMPTON, MA / ACCESSWIRE / March 30, 2023 / Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, announced that Mental Health America (MHA) will receive a $1 million grant from the Paychex Charitable Foundation to support the organization's work raising awareness about the importance of prioritizin

Mar 29, 2023 11:30 am ET

Paychex Named Among FORTUNE's Most Innovative Companies

Paychex has been recognized for continued innovation as an HR technology leader

Mar 29, 2023 09:31 am ET

Thinking about buying stock in Paychex, Riot Platforms, Rivian Automotive, Starbucks, or Taiwan Semiconductor?

NEW YORK, March 29, 2023 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for PAYX, RIOT, RIVN, SBUX, and TSM.

Mar 29, 2023 08:30 am ET

Paychex, Inc. Reports Third Quarter Results: Strong Revenue and Earnings Growth

Paychex, Inc. (the “Company,” “Paychex,” “we,” “our,” or “us”) today announced the following results for the quarter ended February 28, 2023 (the “third quarter”), as compared to the corresponding prior year period:

Mar 22, 2023 03:00 pm ET

Paychex Charitable Foundation to Donate $1 Million to Mental Health America

This is the first of four major investments committed by Paychex to support workers of U.S. businesses

Mar 15, 2023 02:00 pm ET

Paychex, Inc. Schedules Third Quarter Fiscal 2023 Earnings Conference Call for March 29, 2023

Paychex, Inc. (Nasdaq: PAYX) will release financial results for its fiscal 2023 third quarter ended February 28, 2023. Paychex will deliver results via Business Wire before the financial markets open on Wednesday, March 29, 2023.

Mar 13, 2023 08:30 am ET

Paychex Named One of The World's Most Ethical Companies by Ethisphere for the 15th Time

Recognition honors companies demonstrating business integrity through best-in-class ethics, compliance, and governance practices

Feb 01, 2023 09:00 am ET

Paychex Named Among FORTUNE's Most Admired Companies in 2023

ROCHESTER, N.Y., Feb. 1, 2023 /PRNewswire/ -- Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, has again been named one of the World's Most Admired Companies by FORTUNE® magazine. The annual list recognizes companies globally for their outstanding financial performance, products, investment value, innovations, social responsibility programs, leadership, and more. The rankings are considered the definitive report card on corporate reputation.

Jan 31, 2023 07:30 am ET

Wage Inflation for U.S. Small Business Continues to Decline; Rate of Small Business Hiring Remains Strong

Paychex data also shows the January one-month annualized hourly earnings growth for employees of small businesses falls to its lowest level since 2020

Jan 24, 2023 07:44 am ET

Paychex Expands Board of Directors, Appoints New Member

Experienced business leader Theresa M. Payton appointed to Paychex Board of Directors

Jan 23, 2023 09:45 am ET

Paychex Wins 2023 BIG Innovation Award

The company's AI voice assist technology was recognized for its business innovation

Jan 20, 2023 08:27 am ET

Paychex Declares Quarterly Dividend

Today the Board of Directors of Paychex, Inc. (NASDAQ‑PAYX) declared a regular quarterly dividend of $.79 per share payable February 23, 2023 to shareholders of record February 9, 2023.

Jan 18, 2023 09:15 am ET

Business Leaders Optimistic for 2023 According to Paychex Survey

The annual survey of business and HR decision-makers revealed HR priorities and workforce trends for an evolving workplace

Jan 03, 2023 07:30 am ET

Small Business Wage Growth Moderates as 2022 Closes

Paychex data also reveals that small business job growth remains steady

Dec 22, 2022 08:31 am ET

Thinking about trading options or stock in Tesla, Nike, Paychex, Hess, or Walmart?

NEW YORK, Dec. 22, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for TSLA, NKE, PAYX, HES, and WMT.

Dec 22, 2022 08:30 am ET

Paychex, Inc. Reports Second Quarter Results: Solid Growth in Revenue and Diluted Earnings Per Share; Raises Outlook for the Year

Paychex, Inc. (the “Company,” “Paychex,” “we,” “our,” or “us”) today announced the following results for the quarter ended November 30, 2022 (the “second quarter”), as compared to the corresponding prior year period:

Dec 20, 2022 08:45 am ET

Paychex Wins Two Brandon Hall Group Excellence in Technology Awards; 10th Consecutive Year Recognized

The company's voice assist and retention insight analytics were awarded for cutting-edge technology and delivering value to business owners

Dec 15, 2022 09:00 am ET

Paychex Reveals Top Regulatory Issues for Businesses in 2023

ROCHESTER, N.Y., Dec. 15, 2022 /PRNewswire/ -- Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, today released a list of the regulatory issues that employers should monitor in the new year. The company's list, compiled annually, outlines the most prominent compliance-related topics employers will need to contend with in 2023 and explores the legislative and regulatory context surrounding these issues.

Dec 08, 2022 02:00 pm ET

Paychex, Inc. Schedules Second Quarter Fiscal 2023 Earnings Conference Call for December 22, 2022

Paychex, Inc. (Nasdaq: PAYX) will release financial results for its fiscal 2023 second quarter ended November 30, 2022. Paychex will deliver results via Business Wire before the financial markets open on Thursday, December 22, 2022.

Nov 29, 2022 07:30 am ET

Small Business Hiring and Worker Wages Hold Steady

Paychex data also reveals the growth in three-month annualized weekly hours worked has reached its highest level since March 2021

Nov 28, 2022 09:30 am ET

Paychex Awarded IDC 2022 SaaS Customer Satisfaction Award

The company's SaaS-based HCM application, Paychex Flex, recognized by customers for excellence across more than 30 key metrics

Nov 14, 2022 09:00 am ET

Looking for the Secret to Employee Retention? Try Offering More Career Advancement Opportunities

NORTHAMPTON, MA / ACCESSWIRE / November 14, 2022 / Paychex, Inc.

Nov 03, 2022 08:55 am ET

Employees Are 63% More Likely To Stay With Employers Who Provide Better Learning Opportunities

NORTHAMPTON, MA / ACCESSWIRE / November 3, 2022 / New research from Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, indicates that employers can build and retain top talent by offering educational and skill-building opportunities for employees.

Nov 02, 2022 10:00 am ET

New Paychex Products Help Businesses Improve Recruiting, Hiring, Onboarding, and Retaining their Employees

Enhanced features automate and optimize processes within the employee lifecycle that help improve employee retention and satisfaction

Nov 01, 2022 08:30 am ET

Hourly Earnings Growth Continues to Moderate

Paychex data also shows effects of Hurricane Ian on labor market conditions in Florida

Oct 27, 2022 08:55 am ET

Paychex Supports American Red Cross with Donation for Hurricane Ian

NORTHAMPTON, MA / ACCESSWIRE / October 27, 2022 / Paychex president and COO, John Gibson, donated $25,000 to the Red Cross on behalf of Paychex, Inc. to assist with the relief efforts in the aftermath of Hurricane Ian.

Oct 19, 2022 01:25 pm ET

Employees Are 63% More Likely to Stay with Employers Who Provide Better Learning Opportunities

Workers across multiple demographics state that a lack of hard and soft skills are holding them back from career advancement

Oct 14, 2022 09:00 am ET

Paychex Expands Board, Appoints President and CEO John B. Gibson, Jr.

ROCHESTER, N.Y., Oct. 14, 2022 /PRNewswire/ -- Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, today announced that the company's board of directors has voted to expand from 10 to 11 members. The board has appointed Paychex president and CEO John B. Gibson, Jr. to fill the new position.

Oct 13, 2022 07:54 am ET

Paychex Declares Quarterly Dividend

Today the Board of Directors of Paychex, Inc. (NASDAQ‑PAYX) declared a regular quarterly dividend of $.79 per share payable November 23, 2022 to shareholders of record November 9, 2022.

Oct 04, 2022 08:30 am ET

Hourly Earnings Growth Slows in September

ROCHESTER, N.Y., Oct. 4, 2022 /PRNewswire/ -- Hourly earnings growth for workers of U.S. small businesses slowed in September, according to the latest Paychex | IHS Markit Small Business Employment Watch. Hourly earnings growth stood at 4.98 percent in September, falling below 5 percent for the first time since April. The Small Business Job Index, which measures the rate of small business job growth, also slowed slightly from the previous month, down -0.19 percent to 99.75.

Sep 29, 2022 02:30 pm ET

Paychex Releases 2022 Environmental, Social, and Governance (ESG) Report

ROCHESTER, N.Y., Sept. 29, 2022 /PRNewswire/ -- Today, Paychex, Inc. announced the release of its 2022 Environmental, Social, and Governance (ESG) Report. The report details the steps the company, a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, is taking in pursuit of "Working for a Better World."

Sep 28, 2022 08:30 am ET

Paychex, Inc. Reports First Quarter Results: Double Digit Growth in Revenue and Diluted Earnings Per Share; Raises Earnings Outlook for the Year

Paychex, Inc. (the “Company,” “Paychex,” “we,” “our,” or “us”) today announced the following results for the quarter ended August 31, 2022 (the “first quarter”), as compared to the corresponding prior year period:

Sep 15, 2022 12:00 pm ET

Paychex Named a Leader in Payroll Services by NelsonHall

This is the sixth consecutive time that Paychex has been recognized as an industry leader

Sep 14, 2022 02:00 pm ET

Paychex, Inc. Schedules First Quarter Fiscal 2023 Earnings Conference Call for September 28, 2022

Paychex, Inc. (Nasdaq: PAYX) will release financial results for its fiscal 2023 first quarter ended August 31, 2022. Paychex will deliver results via Business Wire before the financial markets open on Wednesday, September 28, 2022.

Sep 13, 2022 12:35 pm ET

Paychex Launches Industry's First Voice-Activated Payroll Solution At HR Technology Conference & Expo

Paychex Voice Assist allows users to run hands-free payroll through Google Assistant AI technology

Aug 30, 2022 08:30 am ET

Worker Hourly Earnings Growth Increases to a Record Level in August; Pace of Small Business Hiring Moderates

ROCHESTER, N.Y., Aug. 30, 2022 /PRNewswire/ -- Workers of U.S. small businesses continue to benefit from higher wages, according to the latest Paychex | IHS Markit Small Business Employment Watch. Average hourly earnings growth increased to 5.18 percent, matching a record set in May 2022. Meanwhile, the pace of job growth at small businesses moderated from the previous month, slowing -0.20 percent. The Small Business Jobs Index stands at 99.94.

Aug 24, 2022 09:00 am ET

Martin Mucci of Paychex to Retire as CEO, Remains Chairman

Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, announced today that Martin Mucci, chief executive officer and chairman of the board, will retire as CEO, effective October 14th, 2022. Mucci will remain chairman of the company’s board of directors. John B. Gibson, Jr., currently president and chief operating officer, will assume the role of president and CEO.

Aug 23, 2022 10:20 am ET

Paychex Named Largest 401(k) Recordkeeper in the U.S. for 12th Consecutive Year

PLANSPONSOR magazine recognizes Paychex as the top 401(k) Recordkeeper by number of plans, total number of DC plans added in 2021, and number of 401(k) plans with less than $10MM in assets

Aug 02, 2022 08:30 am ET

Small Business Job Growth Slows in July; Hourly Earnings Growth Moderates Slightly

ROCHESTER, N.Y., Aug. 2, 2022 /PRNewswire/ -- Hiring at U.S. small businesses slowed for the fifth consecutive month, according to the latest Paychex | IHS Markit Small Business Employment Watch. The Small Business Jobs Index moderated -0.66 percent from the previous month and stands at 100.14. The pace of wage increases slowed slightly from the previous month, with average hourly earnings growth at 5.08 percent compared to 5.13 percent in June 2022.

Jul 28, 2022 10:15 am ET

Paychex Research Reveals Job Stability and Meaningful Work Are What Makes Employees Stay

Health insurance and retirement plans are also critical to long term retention

Jul 15, 2022 01:30 pm ET

Paychex Named to Selling Power's 2022 "50 Best Companies to Sell For" List

ROCHESTER, N.Y., July 15, 2022 /PRNewswire/ -- Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, has once again been named to the Selling Power 50 Best Companies to Sell For list. The corporate research team at Selling Power magazine has assembled and published this list each year since 2000.

Jul 14, 2022 12:27 pm ET

Paychex Declares Quarterly Dividend

Today the Board of Directors of Paychex, Inc. (NASDAQ:PAYX) declared a regular quarterly dividend of $.79 per share payable August 25, 2022 to shareholders of record August 11, 2022.

Jun 29, 2022 09:31 am ET

Thinking about trading options or stock in Qualcomm, Paychex, Amazon, Occidental Petroleum, or Bank of America?

NEW YORK, June 29, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for QCOM, PAYX, AMZN, OXY, and BAC.

Jun 29, 2022 08:30 am ET

Paychex, Inc. Reports Strong Double Digit Service Revenue and Diluted Earnings Per Share Growth for Fourth Quarter and Full Year 2022 Results

Paychex, Inc. (the “Company,” “Paychex,” “we,” “our,” or “us”) today announced the following results for the quarter ended May 31, 2022 (the “fourth quarter”) and fiscal year ended May 31, 2022 ("fiscal 2022"), as compared to the corresponding prior-year period:

Jun 16, 2022 03:09 pm ET

Paychex Surpasses 100,000 Milestone for Number of 401(k) Clients Served

ROCHESTER, N.Y., June 16, 2022 /PRNewswire/ -- Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, has surpassed the 100,000 milestone for the number of 401(k) clients served, now administering plans for 103,595 clients as of April 2022. This builds on the company's record of being ranked the largest 401(k) recordkeeper in the U.S. by total number of plans for the 11th consecutive year by PLANSPONSOR magazine in June 2021.

Jun 15, 2022 02:00 pm ET

Paychex, Inc. Schedules Fourth Quarter Fiscal 2022 Earnings Conference Call for June 29, 2022

Paychex, Inc. (Nasdaq: PAYX) will release financial results for its fiscal 2022 fourth quarter and full-year ended May 31, 2022. Paychex will deliver results via Business Wire before the financial markets open on Wednesday, June 29, 2022.

Jun 13, 2022 10:35 am ET

New Paychex Research Shows Growing Importance of Technology and Training to Support Remote and Hybrid Workers

Annual Paychex Pulse of HR Report reveals challenges and opportunities for HR leaders and their companies as they navigate today's business and hiring environment

May 31, 2022 08:30 am ET

Wages Continue to Accelerate for Workers; Small Business Hiring Slows in May

ROCHESTER, N.Y. , May 31, 2022 /PRNewswire/ -- Workers at U.S. small businesses saw the 12th consecutive month of increasing hourly earnings gains, while the pace of job growth slowed in May. These insights are according to the latest Paychex | IHS Markit Small Business Employment Watch. The May report shows average hourly earnings stand at $30.31, up by 5.19 percent from a year ago. The Small Business Jobs Index, which measures the year-over-year rate of employment growth, decreased 0.27 percent from the previous month to an index level of 100.87.

May 26, 2022 01:00 pm ET

Paychex Flex® Earns HR Tech Award from Lighthouse Research & Advisory

Cloud-based SaaS solution, Paychex Flex, recognized as Best Core HR/Workforce Solution for Small and Medium Businesses

May 03, 2022 08:30 am ET

Wage Gains Continue for Workers of U.S. Small Businesses; Job Growth Moderates Slightly in April

ROCHESTER, N.Y., May 3, 2022 /PRNewswire/ -- Hourly earnings growth accelerated for the eleventh consecutive month for workers of U.S. small businesses, according to the latest Paychex | IHS Markit Small Business Employment Watch. National small business job growth also remained strong, despite a slight moderation of 0.14 percent. The national jobs index for April was 101.14, an increase of 2.85 percent from a year ago. Average hourly earnings stood at $30.10, up 4.85 percent year-over-year.

Apr 29, 2022 08:34 am ET

Paychex Declares 20% Increase in Quarterly Dividend

Paychex, Inc. (Nasdaq: PAYX), a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, today announced that its board of directors approved a $.13 increase in the company’s regular quarterly dividend, an increase of 20 percent. The dividend will increase from $.66 per share to $.79 per share and is payable May 26, 2022 to shareholders of record May 12, 2022.

Apr 19, 2022 12:45 pm ET

Paychex Honored for Excellence in Employee Health and Well-being

Business Group on Health recognizes Paychex for offering one of the nation's top health and well-being programs

Apr 18, 2022 11:25 am ET

New Paychex Research Reveals the Impacts of Unpredictable Work Schedules, Especially Among Part-Time Workers, Younger Generations, and Hybrid Workers

ROCHESTER, N.Y., April 18, 2022 /PRNewswire/ -- New research from Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, reveals the adverse impacts of unpredictable work schedules on full-time and part-time employees. Given the pressures of the COVID-19 pandemic and related staffing challenges, three-in-ten respondents reported having slightly or extremely unpredictable work schedules. The research was conducted in partnership with Future Workplace, an Executive Networks member company.

Mar 30, 2022 09:31 am ET

Thinking about trading options or stock in Paychex, Apple, NVIDIA, Deere & Company, or Stryker Corp?

NEW YORK, March 30, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for PAYX, AAPL, NVDA, DE, and SYK.

Mar 30, 2022 08:30 am ET

Paychex, Inc. Reports Strong Third Quarter Results:

Paychex, Inc. (the “Company,” “Paychex,” “we,” “our,” or “us”) today announced the following results for the quarter ended February 28, 2022 (the “third quarter”), as compared to the corresponding prior year period:

Mar 29, 2022 08:30 am ET

Hourly Earnings Growth Streak Continues; Small Business Hiring Holds Steady in March

ROCHESTER, N.Y., March 29, 2022 /PRNewswire/ -- Hourly earnings growth continued to advance for the tenth consecutive month for workers of U.S. small businesses, according to the latest Paychex | IHS Markit Small Business Employment Watch. The report also showed that national small business job growth remained near its recent record high, moderating 0.03 percent in March. The national jobs index stands at 101.29, increasing 7.47 percent over the past year. Hourly earnings growth grew to 4.76 percent year-over-year.

Mar 28, 2022 11:00 am ET

Thinking about trading options or stock in MicroStrategy, Atlassian, Autohome, Paychex, or Johnson & Johnson?

NEW YORK, March 28, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for MSTR, TEAM, ATHM, PAYX, and JNJ.

Mar 28, 2022 10:24 am ET

Latest Paychex Solutions Help Businesses Meet the Needs of the Modern Workforce

HCM technology provider announces enhanced solutions for talent retention, secure document management, and employee time tracking

Mar 16, 2022 02:00 pm ET

Paychex, Inc. Schedules Third Quarter Fiscal 2022 Earnings Conference Call for March 30, 2022

Paychex, Inc. (Nasdaq: PAYX) will release financial results for its fiscal 2022 third quarter ended February 28, 2022. Paychex will deliver results via Business Wire before the financial markets open on Wednesday, March 30, 2022.

Mar 15, 2022 11:05 am ET

Paychex Named One of The World's Most Ethical Companies by Ethisphere for the 14th Time

Mar 14, 2022 02:00 pm ET

Paychex Pre-Check Wins 2022 Stevie Award®

ROCHESTER, N.Y., March 14, 2022 /PRNewswire/ -- Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services has won a Stevie Award® for the sixth year in a row, now for the Paychex Pre-Check technology solution. A panel of judges selected Paychex Pre-Check, which gives employees the opportunity to confirm paycheck accuracy before payday and introduces more automation into the payroll cycle for employers, as a 2022 bronze winner in the Award for Innovation in Customer Service—Financial Services Indu

Mar 01, 2022 01:30 pm ET

Paychex Ranks Number Five on List of World's Best Training Organizations

ROCHESTER, N.Y., March 1, 2022 /PRNewswire/ -- Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, has been recognized as one of the top training organizations in the world with a 2022 Training APEX Award presented by Training magazine. Paychex ranked number five on the list, its highest-ever ranking after 21 consecutive appearances, including a number seven ranking in 2021.

Mar 01, 2022 07:30 am ET

Small Business Hiring Maintains Pace; Workers Continue to See Stronger Wage Gains in February

ROCHESTER, N.Y., March 1, 2022 /PRNewswire/ -- National small business job growth remained at consistent levels in February and hourly earnings growth continued to increase for workers, according to the latest Paychex | IHS Markit Small Business Employment Watch. The national jobs index was unchanged for the month at 101.33, matching the record level set in January and increasing 7.83 percent over the past year. Hourly earnings growth reached a new record high, growing to 4.82 percent year-over-year.

Feb 23, 2022 01:40 pm ET

Report: New Research from Paychex Reveals Workers' Top Concerns Around COVID-19 Variants

ROCHESTER, N.Y., Feb. 23, 2022 /PRNewswire/ -- New research from Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, reveals that workers continue to have significant worries related to the impact of COVID-19 variants. As the pandemic continues, employees have several workplace concerns, ranging from their health – and that of their families – to employment status. The research was conducted in partnership with Future Workplace, an Executive Networks member company.

Feb 02, 2022 03:35 pm ET

Paychex Recognized Among the World's Most Admired Companies by FORTUNE Magazine

ROCHESTER, N.Y., Feb. 2, 2022 /PRNewswire/ -- Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, has been named to FORTUNE® magazine's list of the World's Most Admired Companies. The annual list honors companies globally for their outstanding financial performance and leadership on nine criteria, from investment value and quality of management and products to social responsibility and innovation. The rankings are considered the definitive report card on corporate reputation.

Feb 01, 2022 07:30 am ET

U.S. Small Businesses Continue to See Strong Job Gains and Worker Pay Increases in January

ROCHESTER, N.Y., Feb. 1, 2022 /PRNewswire/ -- National small business job growth continued to increase in January as did earnings for workers, according to the Paychex | IHS Markit Small Business Employment Watch. The January data shows the Small Business Jobs Index, which measures the year-over-year rate of employment growth, gained 0.39 percent in January. At 101.33, the national index has increased 7.80 percent over the past year, surpassing its 2014 peak. At 4.43 percent year-over-year, hourly earnings growth maintained its record high set last month (December 2021).

Jan 20, 2022 09:00 am ET

Paychex Pre-Check Wins 2022 BIG Innovation Award

ROCHESTER, N.Y., Jan. 20, 2022 /PRNewswire/ -- Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance solutions, has been named a winner in the 2022 BIG Innovation Awards presented by the Business Intelligence Group for its Paychex Pre-Check technology solution, which gives employees the opportunity to confirm paycheck accuracy before payday and introduces more automation into the payroll cycle for employers.

Jan 14, 2022 12:08 pm ET

Paychex Declares Quarterly Dividend

Today the Board of Directors of Paychex, Inc. (NASDAQ‑PAYX) declared a regular quarterly dividend of $.66 per share payable February 24, 2022 to shareholders of record January 31, 2022.

Jan 13, 2022 11:00 am ET

Compliance Topics Related to the COVID-19 Pandemic Top the Regulatory Issues Facing Businesses in 2022

ROCHESTER, N.Y., Jan. 13, 2022 /PRNewswire/ -- Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, today shared the top 10 regulatory issues that employers should monitor in 2022. The list, compiled annually by the team of regulatory compliance experts at Paychex, identifies the items that should be top of mind as business owners and HR leaders continue to manage the impacts of the COVID-19 pandemic and plan for the year ahead.

Jan 04, 2022 07:30 am ET

Hourly Earnings Growth Ends the Year at a New High; Job Growth Also Continues at U.S. Small Businesses

ROCHESTER, N.Y., Jan. 4, 2022 /PRNewswire/ -- Workers saw record hourly earnings growth and employment levels continued to rise as 2021 drew to a close. This is according to the aggregated payroll data of approximately 350,000 Paychex clients with fewer than 50 employees, released monthly in the Paychex | IHS Markit Small Business Employment Watch. The December data shows hourly earnings growth improved to 4.27 percent, the highest level since reporting began ten years ago. Hiring at small businesses also ended the year on a high note with the Small Business Jobs Index improving 7.31 percent

Dec 30, 2021 08:31 am ET

Thinking about trading options or stock in Paychex, Motorola Solutions, Biogen, Pfizer, or Costco?

NEW YORK, Dec. 30, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for PAYX, MSI, BIIB, PFE, and COST.

Dec 22, 2021 01:30 pm ET

Paychex Wins Two Brandon Hall Group Excellence in Technology Awards

ROCHESTER, N.Y., Dec. 22, 2021 /PRNewswire/ -- Paychex, Inc., a leading provider of human resources, payroll, benefits, and insurance solutions, has won two Brandon Hall Group Excellence in Technology Awards. The company's Employee Retention Tax Credit (ERTC) Service was recognized by Brandon Hall Group with a gold award for Excellence in Technology in the "Best Advance in HR or Workforce Management Technology for Small and Medium-Sized Businesses" category, and Paychex Pre-Check received a silver award for "Best Advance in Business Strategy and Technology Innovation." This is the ninth cons

Dec 22, 2021 08:31 am ET

Thinking about trading options or stock in Vir Biotechnology, CarMax, Nike, Paychex, or Citrix Systems?

NEW YORK, Dec. 22, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for VIR, KMX, NKE, PAYX, and CTXS.

Dec 22, 2021 08:30 am ET

Paychex, Inc. Reports Second Quarter Results: Revenue Advances 13% and Diluted Earnings Per Share Grows 21%; Company Raises Business Outlook for the Year

Paychex, Inc. (the “Company,” “Paychex,” “we,” “our,” or “us”) today announced the following results for the quarter ended November 30, 2021 (the “second quarter”), as compared to the corresponding prior year period:

Dec 15, 2021 03:00 pm ET

Report: Over 60 percent of Employees Surveyed Indicate Well-being Support as Top Priority when Seeking Employment

ROCHESTER, N.Y., Dec. 15, 2021 /PRNewswire/ -- New research from Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, reveals that workers place a high value on employers supporting their well-being. During a time with an increased demand for employees and fierce competition for talent, there is a driving desire for a holistic benefits package, specifically benefits focused on well-being. According to the survey, 62% of respondents strongly agree or agree that employee well-being support a

Dec 08, 2021 02:00 pm ET

Paychex, Inc. Schedules Second Quarter Fiscal 2022 Earnings Conference Call for December 22, 2021

Paychex, Inc. (Nasdaq: PAYX) will release financial results for its fiscal 2022 second quarter ended November 30, 2021. Paychex will deliver results via Business Wire before the financial markets open on Wednesday, December 22, 2021.

Nov 30, 2021 07:30 am ET

Employees of Small Businesses See Record High Hourly Earnings Growth in November; Job Growth Also Continues to Increase

ROCHESTER, N.Y., Nov. 30, 2021 /PRNewswire/ -- Wage growth reached a new high for the employees of small businesses in the U.S. in November, according to aggregated payroll data of approximately 350,000 Paychex clients with fewer than 50 employees. The data released in the latest Paychex | IHS Markit Small Business Employment Watch shows hourly earnings growth improved to 4.07 percent, the highest level since reporting began ten years ago. Small business hiring also increased for the month, with the Small Business Jobs Index up 0.27 percent in November to 100.72.

Nov 23, 2021 08:00 am ET

Paychex Board of Directors Announce Appointments of Martin Mucci as Board Chair and CEO and John Gibson as President and Chief Operating Officer

ROCHESTER, N.Y., Nov. 23, 2021 /PRNewswire/ -- The Paychex, Inc. Board of Directors today announced that, effective December 1, 2021, Martin Mucci will assume an additional role as Chairman of the Board, succeeding B.Thomas Golisano, who founded the Company in 1971. Mr. Mucci will continue to serve as Chief Executive Officer, a role he has held since September 2010. Mr. Golisano will remain on the Board as a Director of the Company.

Nov 16, 2021 10:00 am ET

NelsonHall Recognizes Paychex as a Leader in Human Capital Management

ROCHESTER, N.Y., Nov. 16, 2021 /PRNewswire/ -- NelsonHall, a leading global analyst and research firm, identified Paychex as a "Leader" in its latest annual NEAT vendor evaluation report for human capital management (HCM). Through a persistent focus on HCM software innovations that meet the new way of working, Paychex, a leading provider of integrated human capital management solutions for HR, payroll, benefits, and insurance services, has placed in the Leader quadrant of the Next Generation HCM Technology report.

Nov 02, 2021 08:30 am ET

Small Business Hiring Advances in October; Wage Growth Hits Record High

ROCHESTER, N.Y., Nov. 2, 2021 /PRNewswire/ -- National job growth was on the rise for the fifth consecutive month in October and wages are increasing dramatically too, according to aggregated payroll data of Paychex. The data released in the latest report of the Paychex | IHS Markit Small Business Employment Watch shows the Small Business Jobs Index for October increased to 100.45, up 0.50 percent in October and 6.50 percent over a year ago. In response to labor market pressures, hourly earnings growth improved to 3.85 percent in October, a new record level since reporting began ten years ag

Oct 19, 2021 10:06 am ET

Paychex Adds Support for Vaccination Status Tracking to its COVID-19 Technology Solutions

ROCHESTER, N.Y., Oct. 19, 2021 /PRNewswire/ -- Paychex, Inc., a leading provider of integrated human capital management (HCM) software solutions for human resources, payroll, benefits, and insurance services, today announced it has built functionality to assist businesses with vaccination status tracking of their employees. This capability is being added to the robust list of Paychex technology solutions designed to support businesses as they continue to navigate the impacts of the COVID-19 pandemic.

Oct 14, 2021 02:17 pm ET

Paychex Declares Quarterly Dividend

Today the Board of Directors of Paychex, Inc. (NASDAQ‑PAYX) declared a regular quarterly dividend of $.66 per share payable November 29, 2021 to shareholders of record November 1, 2021.

Oct 06, 2021 09:08 am ET

Paychex Acquires Benefits Administration Software Company, Flock

ROCHESTER, N.Y., Oct. 6, 2021 /PRNewswire/ -- Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, announced today that it has acquired Flock, a benefits enrollment and administration, onboarding, and human resources information system (HRIS) provider, based in San Francisco.

Oct 05, 2021 08:30 am ET

Gains in Small Business Job Growth Continue in September

ROCHESTER, N.Y., Oct. 5, 2021 /PRNewswire/ -- National job growth continued to tick upward in September, according to aggregated payroll data of approximately 350,000 clients provided by Paychex. The data released in the latest report of the Paychex | IHS Markit Small Business Employment Watch shows the Small Business Jobs Index reached 99.95. The pace of small business employment growth improved throughout the summer, though monthly gains slowed considerably in August (0.45 percent) and in September (0.15 percent). Hourly earnings growth increased to 3.68 percent for the month, its fourth c

Sep 30, 2021 08:30 am ET

Paychex, Inc. Reports First Quarter Results: Revenue Grew 16% and Diluted Earnings Per Share Grew 56%; Company Raises Business Outlook for the Year

Paychex, Inc. (the “Company,” “Paychex,” “we,” “our,” or “us”) today announced the following results for the quarter ended August 31, 2021 (the “first quarter”), as compared to the corresponding prior-year period:

Sep 22, 2021 01:06 pm ET

Paychex Fall '21 Product Launch Helps Businesses Navigate New Employment Landscape

ROCHESTER, N.Y., Sept. 22, 2021 /PRNewswire/ -- Paychex, Inc., a leading provider of integrated human capital management (HCM) software solutions for human resources, payroll, benefits, and insurance services, has announced new enhancements designed to help employers hire and keep top talent in an ever-changing business climate, improve efficiency through automation, and provide access to HR information whenever and wherever is most convenient to them and their employees.

Sep 21, 2021 02:20 pm ET

Report: Over a Third of Gen-Z and Millennial Workers are Looking for a New Job

ROCHESTER, N.Y., Sept. 21, 2021 /PRNewswire/ -- New research from Paychex, Inc., a leading provider of integrated human capital management solutions for human resources, payroll, benefits, and insurance services, reveals employee loyalty is at risk among younger generations, with one in three Gen-Z and Millennial workers actively looking for a new job, as employers experience what has been termed "The Great Resignation." This survey was conducted in partnership with Future Workplace, an HR research and advisory firm.

Sep 16, 2021 02:00 pm ET

Paychex, Inc. Schedules First Quarter Fiscal 2022 Earnings Conference Call for September 30, 2021

Paychex, Inc. (Nasdaq:PAYX) will release financial results for its fiscal 2022 first quarter ended August 31, 2021. Paychex will deliver results via Business Wire before the financial markets open on Thursday, September 30, 2021.

Sep 14, 2021 02:03 pm ET

Paychex Pre-Check Earns HR Executive Magazine's Top HR Product of the Year Award

ROCHESTER, N.Y., Sept. 14, 2021 /PRNewswire/ -- Paychex, Inc., the human capital management (HCM) software and services company that provides the power of simplicity for increasingly complex workplaces, has once again earned recognition as a "Top HR Product of the Year" in the Core HR category by Human Resource Executive magazine and the HR Technology Conference & Exposition. Paychex earned the recognition for its new Paychex Pre-Check solution, which gives employees the opportunity to confirm paycheck accuracy before payday and introduces more automation into the payroll cycle for emplo

Sep 10, 2021 11:17 am ET

Paychex Wins the Gold Human Capital Management Excellence Award from Brandon Hall Group

ROCHESTER, N.Y., Sept. 10, 2021 /PRNewswire/ -- Paychex, Inc., the human capital management (HCM) software and services company that provides the power of simplicity for increasingly complex workplaces, has won a gold Brandon Hall Group Human Capital Management Excellence Award in the category of "Best Use of a Blended Learning Program" for its Human Resource Services Excellence Academy (HRSEA). The training program prepares new Paychex HR professionals to provide exemplary consulting services to the company's HR Services clients, representing 1.7M worksite employees. This training, combined

Sep 07, 2021 01:04 pm ET

New Research Reveals COVID-19 Delta Variant is Causing Rising Concerns Among Employees with In-Person Work

ROCHESTER, N.Y., Sept. 7, 2021 /PRNewswire/ -- New research from Paychex, Inc., the HR software and services company that provides the power of simplicity for increasingly complex workplaces, reveals that nearly one-third of employees say their comfort level with in-person work has decreased due to the COVID-19 delta variant. The research about the impact of the delta variant on the workforce was conducted as the first in a series of surveys that Paychex is launching with HR expert Jeanne Meister and Future Workplace, an HR research and advisory firm, to explore key workplace issues affectin

Aug 31, 2021 08:30 am ET

Small Business Job Growth Continues to Accelerate in August

ROCHESTER, N.Y., Aug. 31, 2021 /PRNewswire/ -- National job growth continued to rise significantly in August, according to aggregated payroll data of approximately 350,000 clients provided by Paychex. The data released in the latest report of the Paychex | IHS Markit Small Business Employment Watch shows the Small Business Jobs Index gained 0.45 percent in August. At 99.80, the national index has increased 5.74 percent during the past 12 months, representing a record-high year-over-year growth rate. Hourly earnings growth increased to 3.42 percent in August, its third consecutive gain.

Aug 23, 2021 05:04 pm ET

JLL Names Efrain Rivera to its Board of Directors

CHICAGO, Aug. 23, 2021 /PRNewswire/ -- Jones Lang LaSalle Incorporated (NYSE: JLL) today announced the appointment of Efrain Rivera as an independent, non-executive member of its Board of Directors effective Oct. 1, 2021.

Aug 06, 2021 10:30 am ET

Paychex is the Nation's Largest 401(k) Recordkeeper

ROCHESTER, N.Y., Aug 6, 2021 /PRNewswire/ -- For the eleventh consecutive year, Paychex, Inc., has earned distinction as the largest 401(k) recordkeeper by total number of 401(k) plans. The company serves more than 90,000 plans. The ranking was announced as part of the annual PLANSPONSOR magazine's annual Recordkeeping Survey, a national publication dedicated to the pension and retirement industry.

Aug 03, 2021 08:30 am ET

Small Business Job Growth Advances in July Amid Signs of Strong Economic Rebound

ROCHESTER, N.Y., Aug. 3, 2021 /PRNewswire/ -- National job growth in July was up notably across all industry sectors and regions over the previous month, according to aggregated payroll data of approximately 350,000 clients provided by Paychex. The data released in the latest report of the Paychex | IHS Markit Small Business Employment Watch shows the Small Business Jobs Index jumped 0.85 percent in July, the second strongest one-month increase since 2010, the period of recovery following the Great Recession. At 99.36, the small business jobs index is up more than one percent over last quart

Jul 26, 2021 02:05 pm ET

Talent Recruitment, Workforce Diversity, and Employee Benefits Lead the Challenges for Businesses Emerging from COVID-19

ROCHESTER, N.Y., July 26, 2021 /PRNewswire/ -- The 2021 Paychex Pulse of HR Report, released today, shows that attracting talent tops the list of challenges impacting HR professionals as they adapt to the evolving workplace shaped by the COVID-19 pandemic. The fifth annual report from Paychex, Inc., the HR software and services company that provides the power of simplicity for increasingly complex workplaces, shows that 61 percent of the 1,000 HR leaders surveyed consider recruiting talent their most difficult task. Offering competitive benefits and planning and managing diversity, equity, a

Jul 08, 2021 08:30 am ET

Paychex Declares Quarterly Dividend and Authorizes $400 Million Stock Repurchase

Paychex, Inc. (Nasdaq: PAYX), the HR software and services company that provides the power of simplicity for increasingly complex workplaces, today announced a quarterly dividend of $.66 per share payable August 26, 2021. The dividend is available to share

Jul 08, 2021 08:00 am ET

Paychex Expands Board of Directors, Appoints New Member

ROCHESTER, N.Y., July 8, 2021 /PRNewswire/ -- Paychex, Inc., the HR software and services company that provides the power of simplicity for increasingly complex workplaces, today announced that the company's Board of Directors has voted to expand to 10 members from 9 members. The Board has appointed Kevin A. Price to fill the new position. Mr. Price is the founder and president of PartsScription™, an innovative ecommerce platform helping national and regional retailers to significantly expand their product and parts capabilities.

Jun 29, 2021 08:30 am ET

Small Business Employment Gains Continue, Especially in Leisure and Hospitality

ROCHESTER, N.Y., June 29, 2021 /PRNewswire/ -- Despite the competitive hiring environment, small business employment growth grew 0.26 percent in June, according to aggregated payroll data of approximately 350,000 clients provided by Paychex. The data released in the latest report of the Paychex | IHS Markit Small Business Employment Watch shows momentum in job growth with the Small Business Jobs Index gaining 4.53 percent during the second quarter of 2021 (in part driven by the 2020 comparison period). Hiring is particularly strong in the leisure and hospitality sector, which gained 12.65 pe

Jun 25, 2021 08:30 am ET

Paychex, Inc. Reports Fourth Quarter and Full Year 2021 Results; Fourth Quarter Service Revenue Grew 14% to $1.0 Billion; Fourth Quarter Diluted Earnings Per Share Grew 20%; Full Year Service Revenue

Paychex, Inc. (the “Company,” “Paychex,” “we,” “our,” or “us”) today announced the following results for the quarter ended May 31, 2021 (the “fourth quarter”) and fiscal year ended May 31, 2021 (“fiscal year”), as compared to the corresponding prior-year periods:

Jun 21, 2021 01:03 pm ET

Biz2Credit to Host Forum with U.S. Senator Jeanne Shaheen on PPP Successes and Lessons Learned on Wednesday, June 23

Biz2Credit, Paychex, Inc., and CPA.com today announced that they will co-host an online forum featuring U.S. Senator Jeanne Shaheen (D-NH), a leading advocate in the U.S. Senate for small business owners. The Paycheck Protection Program – A...

Jun 10, 2021 02:00 pm ET

Paychex, Inc. Schedules Fourth Quarter Fiscal 2021 Earnings Release Conference Call for June 25, 2021

Paychex, Inc. (Nasdaq: PAYX) will release financial results for its fiscal 2021 fourth quarter, and full-year ended May 31, 2021. Paychex will deliver results via Business Wire before the financial markets open on Friday, June 25, 2021.

Jun 10, 2021 10:06 am ET

Paychex Recognized for Strength of Technology and Service During COVID-19 with HR Tech Award

ROCHESTER, N.Y., June 10, 2021 /PRNewswire/ -- Paychex, Inc., the HR software and services company that provides the power of simplicity for increasingly complex workplaces, earned a second consecutive HR Tech Award on the strength of the company's client support during the pandemic. Paychex Flex®, the company's all-in-one HR software, won for Best Small and Medium Business (SMB)-focused Solution in the Core HR/Workforce category.

Apr 30, 2021 04:01 pm ET

Paychex Announces Increase in Quarterly Dividend

Paychex, Inc. (Nasdaq: PAYX), the HR software and services company that provides the power of simplicity for increasingly complex workplaces, today announced that its board of directors approved a $.04 increase in the company’s regular quarterly dividend, an increase of 6%. The dividend will increase from $.62 per share to $.66 per share and is payable May 27, 2021 to shareholders of record May 12, 2021.

Apr 06, 2021 08:30 am ET

Paychex, Inc. Reports Third Quarter Results and Improves Full Year Guidance; Reflects Client Base Growth and Strong Client Retention

Paychex, Inc. (the “Company,” “Paychex,” “we,” “our,” or “us”) today announced the following results for the quarter ended February 28, 2021 (the “third quarter”), as compared to the corresponding prior-year period:

Mar 23, 2021 02:00 pm ET

Paychex, Inc. Schedules Third Quarter Fiscal 2021 Earnings Release Conference Call for April 6, 2021

Paychex, Inc. (Nasdaq: PAYX) will release financial results for its fiscal 2021 third quarter ended February 28, 2021. Results will be delivered via Business Wire before the financial markets open on Tuesday, April 6, 2021.

Feb 25, 2021 09:30 am ET

The Pandemic at One Year, New Research from Paychex Reveals Biggest Obstacles Facing Business Owners

ROCHESTER, N.Y., Feb. 25, 2021 /PRNewswire/ -- The American economy, led by small and mid-size businesses, continues to face challenges as we head into the second year of widespread shutdowns caused by the COVID-19 pandemic.

Feb 23, 2021 09:30 am ET

Paychex Commitment to Corporate Social Responsibility Recognized with 'World's Most Ethical Companies 2021' Honor

ROCHESTER, N.Y., Feb. 23, 2021 /PRNewswire/ -- Paychex, Inc., the HR software and services company that provides the power of simplicity for increasingly complex workplaces, is one of the World's Most Ethical Companies for 2021. The designation comes from Ethisphere, a global leader in defining and advancing ethical business practices standards. Paychex has received the honor 13 times in all, with ten consecutive wins going back to 2012.

Feb 22, 2021 12:03 pm ET

Paychex Response to COVID-19 Wins 2021 Stevie® Award

ROCHESTER, N.Y., Feb. 22, 2021 /PRNewswire/ -- Paychex, Inc., the HR software and services company that provides the power of simplicity for increasingly complex workplaces, has won a Stevie® Award for the fifth year in a row. A panel of judges selected the company's rapid response to the COVID-19 pandemic as a 2021 silver winner for the Most Valuable COVID-19 Response by a Business Development Team. Demonstrating its commitment to helping clients and the general business community throughout every stage of the pandemic, the multifaceted response from Paychex included its comprehensive COVID

Feb 05, 2021 02:45 pm ET

Paychex Named a Leader in Corporate Reputation Among Financial Data Services Companies by FORTUNE Magazine

ROCHESTER, N.Y., Feb. 5, 2021 /PRNewswire/ -- Paychex, Inc., the HR software and services company that provides the power of simplicity for increasingly complex workplaces, has been named to FORTUNE® magazine's list of the World's Most Admired Companies. The annual list honors companies globally for their outstanding financial performance and leadership on nine criteria, from investment value and quality of management and products to social responsibility and innovation. The rankings are considered the definitive report card on corporate reputation.

Feb 02, 2021 07:30 am ET

Following December Decline, Small Business Employment Growth Holds Steady in January

ROCHESTER, N.Y., Feb. 2, 2021 /PRNewswire/ -- The latest Paychex | IHS Markit Business Employment Watch report is out. The January numbers show the national Small Business Jobs Index held relatively stable from the previous month, moderating slightly to 94.00 or 0.07 percent. Both the growth in earnings and hours worked are trending higher to begin the year following a six-month slowdown. Hourly earnings growth increased to 2.68 percent. Weekly earnings growth also increased to 2.84 percent as weekly hours worked rose 0.17 percent.

Jan 26, 2021 01:30 pm ET

Paychex Wins 2021 BIG Innovation Award for Real-Time Payments

ROCHESTER, N.Y., Jan. 26, 2021 /PRNewswire/ -- Paychex, Inc., the HR technology company providing the power of simplicity to businesses managing increasingly complex workplaces, has been recognized by the Business Intelligence Group as a leader in real-time payments (RTP), earning a 2021 BIG Innovation Award.

Jan 22, 2021 12:34 pm ET

Paychex Declares Quarterly Dividend

Today the Board of Directors of Paychex, Inc. (NASDAQ:PAYX) declared a regular quarterly dividend of $.62 per share payable February 25, 2021 to shareholders of record February 1, 2021.

Jan 08, 2021 07:30 am ET

Increase in COVID-19 Cases Spur Decline in Small Business Jobs and Wage Growth

ROCHESTER, N.Y., Jan. 8, 2021 /PRNewswire/ -- The latest Paychex | IHS Markit Small Business Employment Watch benchmark report reveals the effect of increasing COVID-19 cases on small businesses in the U.S. The Jobs Index shows a slowing of 0.24 percent in December to 94.06, a decrease of 4.18 percent from the year prior. A decline in weekly hours worked and hourly earnings growth decelerating to 2.63 percent brought national weekly earnings growth to 2.42 percent.

Jan 04, 2021 01:08 pm ET

COVID-19 Stimulus Is the Top Regulatory Issue Facing Businesses in 2021

ROCHESTER, N.Y., Jan. 4, 2021 /PRNewswire/ -- Paychex, Inc., a leading provider of technology solutions for human resources, payroll, benefits, and insurance services, today identified the top 10 regulatory issues that employers should be monitoring in 2021. The list, compiled annually by the team of regulatory compliance experts at Paychex, shares the items that should be top of mind as business owners and HR leaders continue to manage the impacts of the COVID-19 pandemic and plan for the year ahead.

Dec 23, 2020 03:05 pm ET

Paychex Offers HR Management Solutions Through New Integration with Clover

BROOKFIELD, Wis. and ROCHESTER, N.Y., Dec. 23, 2020 /PRNewswire/ -- Business owners using the popular Clover® platform from Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, are now able to streamline payroll and time & attendance management with Paychex, Inc. (NASDAQ: PAYX), a leading provider of HR, payroll, benefits, and insurance solutions.

Dec 23, 2020 08:30 am ET

Paychex, Inc. Reports Second Quarter Results

Paychex, Inc. (the “Company,” “Paychex,” “we,” “our,” or “us”) (Nasdaq:PAYX) today announced service revenue was $968.9 million for the three months ended November 30, 2020 (the “second quarter”), consistent with the prior year period. Total revenue decreased 1% from the prior year period to $983.7 million for the second quarter. Net income increased 5%

Dec 09, 2020 02:00 pm ET

Paychex, Inc. Schedules Second Quarter Fiscal 2021 Earnings Release Conference Call for December 23, 2020

Paychex, Inc. (Nasdaq:PAYX) is scheduled to release financial results for its fiscal 2021 second quarter ended November 30, 2020 via Business Wire before the financial markets open on Wednesday, December 23, 2020.

Dec 09, 2020 08:30 am ET

Paychex Introduces a Pooled Employer Plan, A New Cost-Effective Retirement Plan for U.S. Businesses and Their Employees

ROCHESTER, N.Y., Dec. 9, 2020 /PRNewswire/ -- In response to the provisions of the SECURE Act, Paychex, Inc. will be among the first in the retirement industry to sponsor and maintain a Pooled Employer Plan (PEP) to help businesses nationwide provide a cost-effective retirement plan option for their eligible employees. The Paychex PEP will include reduced fiduciary liability for employers, simplified plan management, and reduced plan expenses when compared to single-employer retirement plan offerings.

Dec 01, 2020 07:30 am ET

Key Indicators of Small Business Employment Show Stability Amid Recent Surge in COVID-19 Cases Across the U.S.

ROCHESTER, N.Y., Dec. 1, 2020 /PRNewswire/ -- The latest Paychex |IHS Markit Small Business Employment Watch shows that small business hiring remained largely consistent with the prior month, moderating slightly, down 0.03 percent nationally to 94.29. In November, hourly earnings growth stood at 2.76 percent, while weekly hours worked showed a decrease of 0.04 percent year over year.

Nov 12, 2020 10:00 am ET

Paychex Insurance Agency Named Among Best Places to Work in Insurance

ROCHESTER, N.Y., Nov. 12, 2020 /PRNewswire/ -- Paychex Insurance Agency, Inc., a wholly owned subsidiary of Paychex, Inc., has been named to Business Insurance magazine's 2020 list of the Best Places to Work in Insurance. This marks the sixth year in a row that the agency has been honored by the Best Places to Work in Insurance program, which recognizes employers for their outstanding performance in establishing workplaces where employees can thrive, enjoy their work, and help their companies grow.

Nov 03, 2020 07:30 am ET

Small Business Jobs Index Moderates as COVID-19 Cases Rise Throughout the U.S.

ROCHESTER, N.Y., Nov. 3, 2020 /PRNewswire/ -- The latest Paychex | IHS Markit Small Business Employment Watch shows a moderation in small business hiring from the previous month, declining 0.13 percent nationally to 94.32. Hourly earnings growth stood at 2.88 percent in October, while weekly hours worked remained positive, up 0.38 percent from last year.

Oct 30, 2020 11:33 am ET

Businesses Say Additional Government Stimulus is a Top Priority this Election Year, Paychex Study Reveals

ROCHESTER, N.Y., Oct. 30, 2020 /PRNewswire/ -- Additional government stimulus remains a top priority for businesses as the election nears. According to new research from Paychex, Inc., a leading provider of human resources, payroll, benefits, and insurance solutions for 680,000 small- and medium-sized businesses, 49 percent of businesses strongly support stimulus that would waive the penalty for early retirement withdrawals, followed closely by stimulus options for tax credits for personal protective equipment (PPE) (46 percent) and liability protection for COVID-19-related lawsuits (46 perc

Oct 26, 2020 02:00 pm ET

Continuing to Support Employers Through the COVID-19 Pandemic, Latest Paychex Flex® Enhancements Help Businesses Reduce Risk, Maintain Compliance, and Move into the Future of Work

ROCHESTER, N.Y., Oct. 26, 2020 /PRNewswire/ -- To continue to support customers as they navigate the impacts of the COVID-19 pandemic and navigate the future of work, Paychex, Inc., a leading provider of HR, payroll, benefits, and insurance solutions, has introduced several new products ahead of the 2020 HR Technology Conference & Exposition, taking place virtually from October 27-30. These new solutions, available in Paychex Flex®, the company's cloud-based HR technology platform, include tools to help employers manage risk, maintain compliance, better assess performance, and adapt to m

Oct 15, 2020 02:25 pm ET

Paychex Declares Quarterly Dividend

Today the Board of Directors of Paychex, Inc. (NASDAQ:PAYX) declared a regular quarterly dividend of $.62 per share payable November 24, 2020 to shareholders of record November 2, 2020.

Oct 06, 2020 08:30 am ET

Paychex, Inc. Reports First Quarter Results

Paychex, Inc. (the “Company,” “Paychex,” “we,” “our,” or “us”) (Nasdaq:PAYX) today announced total revenue of $932.2 million for the three months ended August 31, 2020 (the “first quarter”), a decrease of 6% compared to the prior year period. Net income decreased 20% to $211.6 million and diluted earnings per share decreased 19% to $0.59 per share for th

Sep 22, 2020 02:00 pm ET

Paychex, Inc. Schedules First Quarter Fiscal 2021 Earnings Release Conference Call for October 6, 2020

Paychex, Inc. (Nasdaq:PAYX) is scheduled to release financial results for its fiscal 2021 first quarter ended August 31, 2020 via Business Wire before the financial markets open on Tuesday, October 6, 2020.

Aug 04, 2020 08:30 am ET

Small Business Employment Rebound Moderates in July

ROCHESTER, N.Y., Aug. 4, 2020 /PRNewswire/ -- The latest Paychex | IHS Markit Small Business Employment Watch shows that employment growth moderated as new COVID-19 hot spots emerged in the South and West regions of the U.S. The national jobs index slipped 0.24 percent in July to 94.59. Hourly earnings growth also slowed slightly to 3.29 percent last month, but increasing hours worked, spurred by the shifting workforce composition, drove weekly earnings growth up to 4.14 percent, with one-month and three-month annualized growth rates topping five percent.

Aug 03, 2020 01:03 pm ET

Study: HR Professionals Focus on Strategy, Productivity, and Technology Amid New Challenges

ROCHESTER, N.Y., Aug. 3, 2020 /PRNewswire/ -- The 2020 Paychex Pulse of HR Survey, released today, found that 88 percent of HR leaders feel they are a strategic partner within their organization, particularly as they play a vital role in navigating new regulatory challenges compounded by the COVID-19 pandemic. The fourth annual report from Paychex, Inc., a leading provider of HR, payroll, benefits, and insurance solutions, also shows that 80 percent of HR professionals believe workplace technology helps support their role as a strategic contributor to the business and another 79 percent say

Jul 31, 2020 03:03 pm ET

Paychex Ranks as Largest Provider of 401(k) Recordkeeping Plans for 10th Consecutive Year

ROCHESTER, N.Y., July 31, 2020 /PRNewswire/ -- For the tenth 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 401(k) plans, serving more than 90,000 plans. The ranking was announced as part of the annual Recordkeeping Survey published by PLANSPONSOR magazine, a national publication dedicated to the pension and retirement industry.

Jul 23, 2020 01:04 pm ET

Paychex Enhances PPP Loan Forgiveness Solution to Produce Signature-Ready Application

ROCHESTER, N.Y., July 23, 2020 /PRNewswire/ -- As businesses across the U.S. continue to adapt to meet the challenges of the COVID-19 pandemic, financial stability and getting back to work remain top of mind. Today, Paychex, Inc., a leading provider of HR, payroll, benefits, and insurance solutions, announced it has enhanced its Paycheck Protection Program (PPP) solution to generate a signature-ready application that simplifies the process of applying for PPP loan forgiveness for customers.

Jul 10, 2020 02:00 pm ET

Paychex Named to Selling Power's Annual "50 Best Companies to Sell For" List in 2020

ROCHESTER, N.Y., July 10, 2020 /PRNewswire/ -- For the eighth consecutive year, Paychex, Inc. has been named to the Selling Power 50 Best Companies to Sell For 2020 list. Each year, the corporate research team at Selling Power magazine assembles and publishes this list, which is now in its 20th consecutive year. Paychex ranks number four on the 2020 list, its fourth straight year in the top five.

Jul 09, 2020 12:41 pm ET

Paychex Declares Quarterly Dividend

Today the Board of Directors of Paychex, Inc. (NASDAQ‑PAYX) declared a regular quarterly dividend of $.62 per share payable August 27, 2020 to shareholders of record August 3, 2020.

Jul 07, 2020 08:30 am ET

Paychex, Inc. Reports Fourth Quarter and Fiscal 2020 Results

Paychex, Inc. (“Paychex,” “we,” “our,” or “us”) (Nasdaq:PAYX) today announced its results of operations for the three months ended May 31, 2020 (the “fourth quarter”), and for the fiscal year ended May 31, 2020 (“fiscal 2020” or the “fiscal year”). Total revenue decreased 7% for the fourth quarter to $915.1 million. For the fiscal year, total revenue incr

Jul 06, 2020 11:04 am ET

New Paychex Products Address Evolving Workplace Norms Due to COVID-19

ROCHESTER, N.Y., July 6, 2020 /PRNewswire/ -- Over the course of the last quarter, Paychex, Inc., a leading provider of HR, payroll, benefits, and insurance solutions, has released several new Paychex Flex® features and functions to its customers to address the ongoing business challenges and shifting workplace dynamics as a result of the COVID-19 pandemic. The company's most recent round of product releases includes solutions to help organizations stay connected, maintain compliance, unlock productivity, and lead with insights.

Jun 30, 2020 09:17 am ET

Biz2Credit to Host Forum with U.S. Senator Susan Collins on PPP Successes and Lessons Learned on Thursday, July 2

Biz2Credit, Paychex, Inc., and CPA.com today announced that they will co-host an online forum featuring U.S. Senator Susan Collins (R-ME), the co-author of the Paycheck Protection Program (PPP) and a leading advocate in the U.S. Senate for small...

Jun 30, 2020 08:30 am ET

Small Business Reopenings Contribute to Improvements in Hours Worked

ROCHESTER, N.Y., June 30, 2020 /PRNewswire/ -- The latest Paychex | IHS Markit Small Business Employment Watch shows that employment growth held steady in June, with the jobs index moderating just 0.06 percent to 94.81. However, increases in weekly earnings signify an upward trend as more business reopened their doors, and employees resumed work. As such, annualized one-month growth in weekly hours worked reached 8.28 percent in June; weekly earnings growth rose to 4.02 percent; and hourly earnings growth increased to 3.46 percent ($0.94) year-over-year.

Jun 23, 2020 02:00 pm ET

Paychex, Inc. Schedules Fourth Quarter Fiscal 2020 Earnings Release Conference Call for July 7, 2020

Paychex, Inc. (Nasdaq:PAYX) is scheduled to release financial results for the fiscal 2020 fourth quarter and full year ended May 31, 2020 via Business Wire before the financial markets open on Tuesday, July 7, 2020.

Jun 22, 2020 02:33 pm ET

New Paychex Study Shares Insights on the Impact of the Paycheck Protection Program Flexibility Act

ROCHESTER, N.Y., June 22, 2020 /PRNewswire/ -- According to new research from Paychex, Inc., a leading provider of human resources, payroll, benefits, and insurance solutions for 670,000 small- and medium-sized businesses, 90 percent of business owners say the Paycheck Protection Program Flexibility Act's provision extending the forgiveness period from eight to 24 weeks will be impactful to their business, and 82 percent say the same about the loan repayment term being extended from two to five years. Despite initial uncertainty around the terms of their PPP loans, most business owners

Jun 12, 2020 10:25 am ET

Paychex Introduces Paycheck Protection Program Loan Forgiveness Estimator and Reporting

ROCHESTER, N.Y., June 12, 2020 /PRNewswire/ -- On June 5, 2020, the Paycheck Protection Program (PPP) Flexibility Act was signed into law, relaxing the original requirements for how businesses could use PPP loans and continue to qualify for forgiveness. Within days of the bill passing, Paychex, Inc., a leading provider of HR, payroll, benefits, and insurance solutions, introduced a PPP Loan Forgiveness Estimator and Forgiveness Report in its cloud-based HR suite, Paychex Flex®, to simplify the application process for customers and provide them the accurate information needed to satisfy the n

Jun 02, 2020 08:30 am ET

Small Business Employment Shows Slight Improvement in May, But Remains Near Historic Low

ROCHESTER, N.Y., June 2, 2020 /PRNewswire/ -- The latest Paychex | IHS Markit Small Business Employment Watch shows that employment growth improved slightly in May, up 0.25 percent, as stay-at-home orders eased in most states. Amid the economic impacts of the COVID-19 pandemic, the jobs index has fallen 3.95 percent year-over-year, most of which (3.52 percent) occurred in the past quarter. The transition back to work also resulted in a 5.33 percent one-month annualized increase in weekly hours worked after a sharp drop in April.

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Paychex Inc (OQ:PAYX)

Business Focus: Human Resources Consulting Services