Millennials must be doing something right. According to a recent report from Paychex, The Rise of the Millennial Employee, millennial hourly wages have been steadily increasing since 2011. Though their $21.80 per hour has them lagging behind the national average of $27.58, their annual hourly earnings are growing at a rate nearly double the national rate (5.8 percent compared to 3 percent).
Good news for Tennessee... According to Paychex.com, the State of Tennessee leads the nation in employment by small businesses. Rutherford County Property Assessor Rob Mitchell told WGNS that our county has over 13,000 reporting small businesses. Mitchell wrote in an email, "They are a valuable part of our community. Small businesses are what give our community "character". Our local Chamber of Commerce provides a wonderful service by assisting and promoting their growth and success."
Paychex, a leader in the human resources services segment for 46 years, offers an entry-level payroll and benefits administration package that may be slightly more expensive than other options, but is well worth the price. With a single login, Flex users can have recruiting and applicant tracking, onboarding, benefits administration, time and attendance, payroll, retirement benefits, and more at their fingertips, all key components of a complete HR solution. But multi-tiered plans mean that if payroll is the only service the customer needs, that's an option as well.
Millennials in the accounting profession might believe they have it good, but now they have some facts and figures to back it up. According to new findings from “The Rise of the Millennial Employee: A Paychex | IHS Markit Small Business Employment Watch Special Report," a new paper from payroll provider Paychex and business analysis company IHS Markit, Millennials working professional and business services, including accounting, currently earn an average $26.05 an hour in the small business sector, the highest salary studied and over $5 higher than the Millennial average of $21.08.
HR management solutions provider Paychex has taken a deep dive into biometric technology.Paychex Embraces Iris Scanning In New Time Clock Solution The company has announced that its new InVision time tracking solution is based on iris recognition, enabling fast and accurate time and attendance tracking.