Articles from Paychex, Inc.

The Board of Directors of Paychex, Inc. declared a regular quarterly cash dividend on Paychex common stock of $0.98 per share payable on February 27, 2025 to shareholders of record as of February 7, 2025.

Job growth in U.S. small businesses with fewer than 50 employees averaged modest employment growth throughout 2024, according to the Paychex Small Business Employment Watch. The national jobs index was relatively unchanged (0.02 percentage points) at the close of the year in December and has held its pace since the summer. At 2.96% in December, hourly earnings growth for U.S. small business workers remained below three percent for the fifth consecutive month.

Paychex, Inc. (Nasdaq: PAYX) (“Paychex”), an industry-leading human capital management (HCM) company delivering a full suite of technology and advisory solutions in human resources, employee benefit solutions, insurance, and payroll today announced it has entered into a definitive agreement to acquire Paycor HCM, Inc. (Nasdaq: PYCR) (“Paycor”), a leading provider of HCM, payroll and talent software in an all-cash transaction for $22.50 per share, representing an enterprise value of approximately $4.1 billion. The definitive agreement has been unanimously approved by the Boards of Directors of both companies.

Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, has won a silver Brandon Hall Group Excellence in Technology award. Paychex Flex® Perks received a silver award in the “Best Advance in HR or Workforce Management Technology for Small and Medium-Sized Businesses” category, marking the 11th year that the global research and analyst firm has recognized Paychex technology solutions.

Paychex, Inc. (the "Company," "Paychex," "we," "our," or "us") today reported results for the fiscal quarter ended November 30, 2024 (the "second quarter"). Results compared with the same period last year were as follows:

Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, today released its annual list of top regulatory issues small- and medium-sized businesses should be watching in 2025. Among them are taxes and tax credits, retirement, paid leave, wage and hour developments, and artificial intelligence and privacy.

Paychex, Inc. (Nasdaq: PAYX) will release financial results for its fiscal 2025 second quarter ended November 30, 2024. Paychex will deliver results via Business Wire before the financial markets open on Thursday, December 19, 2024.

According to the Paychex Small Business Employment Watch, small business job growth across the U.S. remained relatively consistent in November (99.91) and has averaged an index level of 100.25 through 11 months of 2024, representing modest employment growth. Hourly earnings growth (2.97%) and weekly earnings growth (2.84%) for workers stayed below three percent for the fourth and 10th consecutive month, respectively.

Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, announced today a new premium HR Analytics solution that couples real-time data with generative AI Insights capabilities, providing small- and medium-sized businesses with enterprise-level solutions to help drive more strategic and informed decisions.

Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, has introduced Paychex Funding Solutions to give small- and mid-sized businesses quick access to capital as business needs arise.

Global analyst and research firm NelsonHall has once again recognized Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, as a “Leader” in its 2024 Vendor Evaluation and Assessment Tool (NEAT) report for payroll service providers.

Today the Board of Directors of Paychex, Inc. declared a regular quarterly cash dividend on Paychex common stock of $0.98 per share payable on November 27, 2024 to shareholders of record as of November 7, 2024.

According to the Paychex Small Business Employment Watch for September, which reflects U.S. small businesses with fewer than 50 employees, the national jobs index moderated slightly in September (99.84) but has averaged 100.31 so far in 2024, representing modest employment growth. Hourly earnings growth for workers showed 3.01% in September, while the three-month annualized hourly earnings growth has remained below three percent for the past five months.

Paychex, Inc. (the "Company," "Paychex," "we," "our," or "us") today reported results for the fiscal quarter ended August 31, 2024 (the "first quarter"). Results compared with the same period last year were as follows:

Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, has introduced a new AI-assisted recruiting tool for small- and medium-sized business owners and HR professionals. Paychex Recruiting Copilot, provided in partnership with Findem, is an AI talent acquisition solution powered by unique 3D data. This new solution will revolutionize the recruiting and hiring process by enabling Paychex customers to quickly find top talent instead of relying solely on traditional recruiting methods.

Paychex, Inc. (Nasdaq: PAYX) will release financial results for its fiscal 2025 first quarter ended August 31, 2024. Paychex will deliver results via Business Wire before the financial markets open on Tuesday, October 1, 2024.

The Paychex Small Business Employment Watch for August, which reflects U.S. small businesses with fewer than 50 employees, reported hourly earnings growth for workers dropped to 2.89%. This marks the first time growth has been under three percent since January 2021. In addition, the one-month annualized hourly earnings growth dropped to 1.91%. The national small business jobs index has averaged 100.37 through eight months of 2024, representing modest employment growth.

Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, has earned recognition as a “Top HR Product of the Year” for Paychex Flex Perks, a curated digital marketplace for employee benefits.

Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, has introduced Paychex Flex® Perks, a digital marketplace of employee benefits curated to address the needs of today’s diverse, five-generational workforce. Launching with 17 unique products, Paychex Flex Perks includes early access to earned wages, financial wellness solutions, and voluntary lifestyle benefits for the employees of Paychex customers.

Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, has introduced Paychex Flex® Engage, a comprehensive employee engagement solution developed to help businesses digitally manage their workforce, drive collaboration, and enhance the employee experience.

According to the Paychex Small Business Employment Watch, hourly earnings growth for U.S. workers in businesses with fewer than 50 employees has held steady since May, reporting 3.16% growth in July, and weekly earnings growth remains below three percent for the sixth consecutive month. The Small Business Jobs Index has reported moderate gains on average through the first seven months of 2024.

Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, has surpassed a milestone for the number of 401(k) clients served, now administering plans for over 120,000 employers as of May 31, 2024, the company’s fiscal year end. The industry leader in 401(k) plan recordkeeping in the U.S.1, Paychex has also surpassed $51 billion in assets under administration.

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 60 Best Companies to Sell For list. This is the 11th time Selling Power magazine has included Paychex on this annual list of top sales organizations.

Today the Board of Directors of Paychex, Inc. declared a regular quarterly cash dividend of $0.98 per share payable on August 29, 2024 to shareholders of record as of August 8, 2024.

According to the Paychex Small Business Employment Watch, U.S. employers with fewer than 50 employees continued to add jobs in June, though at a slower pace than in May. Hourly earnings growth for small business workers held steady at 3.16% in June.

Paychex, Inc. (the "Company," "Paychex," "we," "our," or "us") today announced the following results for the fiscal quarter ended May 31, 2024 (the "fourth quarter") and fiscal year ended May 31, 2024 ("fiscal 2024"), as compared to the corresponding prior-year period:

Paychex, Inc. (Nasdaq: PAYX) will release financial results for its fiscal 2024 fourth quarter and full-year ended May 31, 2024. Paychex will deliver results via Business Wire before the financial markets open on Wednesday, June 26, 2024.

Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, has again received industry recognition for Paychex Flex®, the company’s cloud-based SaaS solution. For the fifth consecutive year, Paychex earned an HR Tech Award from Lighthouse Research & Advisory for Best Small Business-focused Solution in the Core HR/Workforce category.

Paychex, Inc. (Nasdaq: PAYX), a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, today announced that its Board of Directors approved a quarterly dividend of $0.98 per share, an increase of $0.09 (or 10%) from the prior quarterly dividend of $0.89 per share, payable on May 30, 2024 to shareholders of record as of May 10, 2024.

According to the Paychex Small Business Employment Watch, hourly earnings growth increased slightly to 3.34%, ending a nearly two-year trend of deceleration, and job growth slowed in April. U.S. small businesses with fewer than 50 employees continued to add jobs but at a slower pace with the Small Business Jobs Index standing at 100.12. The growth in weekly hours worked for employees also slowed for the 13th consecutive month, down -0.41% in April.

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 to providing comprehensive and innovative benefits programs that advance the health and well-being of over 16,000 employees.

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:

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-leading HR solutions while fostering a culture of innovation. The list presented by FORTUNE and Statista, Inc., features 200 top-scoring U.S.-based organizations.

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 John Gibson, president and CEO, and Bob Schrader, senior vice president and CFO.

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.

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 company’s data strategy, including the use of business intelligence, advanced analytics, and AI-driven automation to drive both business performance and enhanced customer value through the use of data and AI in the company’s technology and advisory solutions.

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 at 100.67.

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 began in 2007.

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% of employees surveyed prefer less AI involvement in their company’s HR processes, while more than half are content with the current (39%) or an increased (20%) level of AI. Of the HR professionals who responded to the survey, 85% say AI provides useful data and analytics, and 79% believe it’s helping to reduce bias.

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 organizations that excel at training and employee development. This is the company’s 23rd consecutive appearance on the list and fourth consecutive year in the Top 10, earning Paychex a spot in the Training Hall of Fame.

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%.

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.

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 2024 BIG Innovation Awards, presented by the Business Intelligence Group. The award was received in recognition of the latest enhancements to the digital employee onboarding software within Paychex Flex®, the company’s cloud-based SaaS solution.

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 Paychex customer feedback for vendor satisfaction and user experience in the Sapient Insights Group's 2023-2024 HR Systems Survey White Paper Report, 26th Edition.

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 growth for U.S. workers in December (3.48%) was down from 4.93% in December of 2022.

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:

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.

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 date on the regulatory changes that are most likely to impact them in the coming year and why.

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 but continues to slow from the rate of growth seen at the start of 2023.

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 Priorities for Business Leaders survey, which highlight a diverse set of challenges America’s business owners and HR leaders are expecting to face in 2024 – and nearly all (98%) will use artificial intelligence (AI) to help solve them.

NelsonHall, a global analyst and research firm, has once again identified Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, as a “Leader” in its 2023 NelsonHall Vendor Evaluation and Assessment Tool (NEAT) report for payroll service providers.

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 growth is below four percent (3.56%) for the fourth-straight month.

Today the Board of Directors of Paychex, Inc. (NASDAQPAYX) declared a regular quarterly dividend of $.89 per share payable November 28, 2023 to shareholders of record November 14, 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%). The Small Business Jobs Index — which measures the rate of small business job growth in the U.S. — shows 98.89 in September, a -0.21% change from August.

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:

Today, Paychex, Inc. 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, 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.

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.

For the 13th year in a row, Paychex, Inc. has earned PLANSPONSOR magazine’s distinction of being the nation’s largest 401(k) recordkeeper by total number of plans. Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, serves nearly 110,000 plans.

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 business job growth is essentially unchanged in July from June. Currently at 99.14, the national Small Business Jobs Index — which measures the rate of small business job growth in the U.S. — has remained between 99 and 100 for the past year, representing moderate job growth for the year.

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

NelsonHall, a global analyst and research firm, has once again identified Paychex, Inc., a leading provider of integrated human capital management (HCM) software solutions for human resources, employee benefits, insurance services, and payroll, as a “Leader” in its 2023 NelsonHall Vendor Evaluation and Assessment Tool (NEAT) for Next Generation HCM Technology. The NEAT allows buyers to assess the capabilities of HCM vendors across a range of criteria and business situations to identify the best-performing vendors.

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 business job growth in the U.S. — registered 99.21 in June, virtually unchanged so far in 2023.

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:

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.

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.

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 seventh Pulse of HR Report. The annual survey, which aims to understand the current and future state of the HR landscape, found that more than 75% of HR leaders at companies with 20-plus employees, and just over half (51%) at companies with 5-19 employees, plan to use artificial intelligence (AI) in the next 12 months. Respondents at larger companies (20-plus employees) expect they’ll use AI mostly for applicant tracking purposes (30%), followed by assessing employee satisfaction (29%).

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.

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:

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.

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:

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.

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.

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: