News Releases | Paychex Newsroom

Paychex Infographic: Small Businesses Have a Big Impact on Communities, Economies, Philanthropy and Innovation

Mon, 07 May 2012 15:00:00 EST

Rochester, NY (May 7, 2012) – Paychex, Inc., a leading provider of payroll, human resource, and benefits outsourcing solutions for small- to medium-sized businesses, released today an infographic detailing the big impact that small businesses have on communities, economies, philanthropy, and innovation. As a co-sponsor of National Small Business Week 2012, Paychex is honoring the importance of small businesses and the impact they have on our lives.

Paychex Number One in Survey of Defined Contribution Recordkeepers

Fri, 04 May 2012 10:00:00 EST

Paychex, Inc., one of the nation’s leading providers of 401(k) recordkeeping services for America’s businesses, was ranked number one in a recent survey by Pensions & Investments (P&I) magazine on companies that manage defined contribution recordkeeping assets. Paychex earned top billing for the second straight year when ranked by the number of sponsors. Paychex’s number of sponsor-clients increased 11.5 percent, from 52,000 to 58,000.

Paychex to Host First Investor Day

Thu, 29 Mar 2012 13:00:00 EST

Paychex, Inc. (NASDAQ:PAYX) today announced that it will be hosting its first Investor Day on Wednesday, July 18, 2012 at the company’s University Park campus in Rochester, New York.

Paychex, Inc. Reports Third Quarter Results

Wed, 28 Mar 2012 16:00:00 EST

Paychex, Inc. (“Paychex,” “we,” “our,” or “us”) (NASDAQ: PAYX) today reported total revenue of $569.5 million for the three months ended February 29, 2012 (the “third quarter”), a 7% increase from $531.3 million for the three months ended February 28, 2011 (the “prior year quarter”). Net income increased 4% to $135.4 million and diluted earnings per share increased 3% to $0.37 per share. The inclusion of SurePayroll, Inc. (“SurePayroll”) and ePlan Services, Inc. (“ePlan”), which were acquired in the second half of our fiscal year ended May 31, 2011 (“fiscal 2011”), contributed approximately 2% in total revenue growth for the third quarter.

Paychex Named to Ethisphere's 2012 World's Most Ethical Companies List

Fri, 16 Mar 2012 11:00:00 EST

Paychex, Inc., a leading provider of payroll, human resource, and employee benefits solutions for America’s small- and medium-sized businesses, has been recognized by the Ethisphere Institute, the leading business ethics think-tank, as one of the World’s Most Ethical (WME) Companies for 2012.

Paychex Named a Top Training Organization for the Eleventh Consecutive Year

Thu, 08 Mar 2012 14:00:00 EST

Paychex, Inc. has been named to Training magazine’s Top 125 list of outstanding international training organizations for the eleventh straight year. Paychex, a leading provider of payroll, human resource, and employee benefits solutions for America’s small- and medium-sized businesses, ranked number 35 on the 2012 list.

Paychex Launches Business Insurance Payment Service

Thu, 16 Feb 2012 10:00:00 EST

Paychex, Inc., a leading provider of payroll, human resource, and employee benefits solutions for small and medium-sized businesses, today announced the introduction of its Business Insurance Payment Service, available for business owner (BOP), commercial auto, and umbrella policies sold by Paychex Insurance Agency through The Hartford, Guard Insurance Group, and Travelers insurance companies.

Paychex Expands Retirement Services Offering to Fee based Financial Advisors with Paychex Advisor Select 401(k)

Tue, 24 Jan 2012 10:00:00 EST

Paychex, Inc. today announced the launch of Paychex Advisor Select 401(k), a new offering that is specifically designed for fee-based financial advisors.

Paychex Acquires Icon Time Systems

Mon, 09 Jan 2012 14:00:00 EST

Paychex, Inc. (NASDAQ:PAYX), a leading provider of payroll, human resource, and employee benefits solutions for small and medium-sized businesses, today announced it has acquired Icon Time Systems, Inc., an industry leader in time and attendance solutions for small businesses. Paychex initially partnered with Icon Time Systems in February 2011 for the successful launch of the Paychex PST 1000 time clock, an easy-to-use system that delivers progressive time and attendance technology to small businesses.

The Paychex Top 12 in '12: Potential Regulatory Changes Every Small Business Needs to Know About in the New Year

Tue, 27 Dec 2011 14:00:00 EST

Paychex, Inc., one of the nation’s leading providers of payroll, human resource, and employee benefits solutions for small and medium-sized businesses, today released its top 12 in ’12 list, containing the top 12 potential regulatory changes that America’s small businesses need to know about in 2012. Paychex works closely with the IRS and other government agencies on issues of importance and is constantly monitoring regulatory and compliance-related matters that impact its 564,000 clients.

Paychex Simplifies Small Business Tax Credit Eligibility, Filing Process for Small Business Owners

Thu, 22 Dec 2011 11:00:00 EST

Paychex Insurance Agency, a wholly owned subsidiary of Paychex, Inc., is making it easier for small-business owners who provide health insurance to employees to determine if they qualify for the small business tax credit under the provisions of the Affordable Care Act, as well as apply for the credit on their annual tax return.

Paychex, Inc. Reports Second Quarter Results

Tue, 20 Dec 2011 00:00:00 EST

Paychex, Inc. today reported total revenue of $545.7 million for the three months ended November 30, 2011, a 7% increase from $512.0 million for the same period last year.

Paychex Names New Vice President of Information Technology Operations

Mon, 19 Dec 2011 10:00:00 EST

Paychex, Inc. (NASDAQ:PAYX), a leading provider of payroll, human resource, and employee benefits solutions for small and medium-sized businesses, today announced the appointment of Sanjay Hiranandani as the company’s new vice president of information technology operations. The Paychex Board of Directors also appointed him an officer of the company.

Paychex Launches Website to Help Entrepreneurs Start, Grow, and Manage a Business

Mon, 12 Dec 2011 11:30:00 EST

Paychex was founded in 1971 as a small business with a great idea and a commitment to make it work. Fast forward 40 years and Paychex has grown to become a nationally recognized leader in providing payroll, human resource, and employee benefits solutions to small- and medium-sized businesses. In an effort to help entrepreneurs and small-business owners achieve similar success, Paychex is launching a new website, BuildMyBiz.com, that provides tools and resources for starting, growing, and managing a business.

Paychex and Biz2Credit Executives Host Conference Call on State of Small Business

Fri, 09 Dec 2011 13:30:00 EST

Conference Call on the State of Small Business for Accredited Media

Paychex is launching a new website, BuildMyBiz.com, that connects entrepreneurs and small-business owners to the tools, resources, and industry experts that can help them succeed at every stage of business. To kick off the new site, Paychex CEO Martin Mucci and Biz2Credit CEO Rohit Arora are offering a look at the current state of small business.

Paychex Launches Online Mobile Application for iPad

Mon, 05 Dec 2011 10:00:00 EST

Paychex, Inc., a leading provider of payroll, human resource, and benefits outsourcing solutions for small- to medium-sized businesses, today announced an expansion of its Software as a Service (SaaS) product offerings for clients with the launch of the Paychex Online Mobile application for the Apple^® iPad^®. The free, secure, and easy-to-use app includes a newly unveiled and enhanced landing page and message center. Employers and their employees sign in once to access the full suite of Paychex online payroll, human resources, and benefits products.

Paychex Honored for Excellence in Risk Management

Fri, 04 Nov 2011 00:00:00 EST

Paychex, Inc. has again earned national recognition for its superior performance in enterprise risk management by receiving the first-ever Risk and Insurance Management Society, Inc. (RIMS) Enterprise Risk Management Award of Distinction and a silver Alexander Hamilton Award for excellence in enterprise risk management (ERM).

Paychex Hosting Web Seminars to Help America's Mid-Sized Businesses Identify Economic Opportunities in HR and Understand Health Reform

Fri, 07 Oct 2011 00:00:00 EST

Paychex, Inc. today announced it will be hosting weekly web seminars to highlight important changes in the business and regulatory environment. These free, 20-minute web seminars will begin on Tuesday, October 4, and focus on economic opportunities in human resources and health care reform legislation for mid-sized businesses (50-5,000 employees).

Paychex Announces $100,000 Gift to Golisano Children's Hospital

Thu, 29 Sep 2011 10:00:00 EST

Paychex, Inc., a leading provider of payroll, human resource, and benefits outsourcing solutions for small- to medium-sized businesses, today announced a $100,000 gift to Golisano Children’s Hospital, the leading pediatric hospital in the greater Rochester region that bears the name of Paychex founder and chairman B. Thomas Golisano, a significant benefactor of the hospital.

Paychex, Inc. Reports First Quarter Results

Tue, 27 Sep 2011 04:00:00 EST

Paychex, Inc. today announced total revenue of $563.1 million for the three months ended August 31, 2011 (the “first quarter”), an increase of 9% from $518.3 million for the same period last year. Net income increased 13% to $148.9 million and diluted earnings per share increased 14% to $0.41 per share. Contributing to the financial results for the first quarter is the inclusion of SurePayroll, Inc. ("SurePayroll") and ePlan Services, Inc. ("ePlan"), which were acquired in the second half of the fiscal year ended May 31, 2011 ("fiscal 2011").

Paychex Delivers HR Administration and Support to America's Small Businesses Through HR Essentials

Fri, 16 Sep 2011 10:30:00 EST

Paychex, Inc. today officially introduced Paychex HR Essentials, a human resource offering that allows businesses to receive skilled HR guidance and support online or over the phone.

Paychex Appoints New Senior Vice President of Sales

Thu, 15 Sep 2011 00:00:00 EST

Paychex, Inc. today named Mark A. Bottini the company’s new senior vice president of sales.

Paychex Offers Business Owners Educational Resources During National Payroll Week

Tue, 06 Sep 2011 13:00:00 EST

In celebration of National Payroll Week, Paychex, Inc. is offering resources to help employers evaluate their current payroll processing method, and determine if it is the right solution for their business. With the right payroll solution, business owners can maximize their time, minimize back-office concerns, and keep employees happy with accurate and on-time paychecks.

New Paychex White Paper Examines Role of HR Outsourcing and Technologies in Helping Businesses Maximize Investments in Personnel

Tue, 02 Aug 2011 10:00:00 EST

In an uncertain economic environment, businesses focus on ways to increase productivity, profits, and competitiveness with their current workforce. Paychex, Inc., a leading provider of payroll, human resource, and benefits outsourcing solutions for small- to medium-sized businesses, examines the issue and offers potential solutions in a new white paper, Leveraging Current Labor Investments for Economic Survival and Recovery.

Paychex Insurance Agency Ranked 30 on Top 100 List of U.S. Insurance Firms

Mon, 18 Jul 2011 13:30:00 EST

Paychex Insurance Agency, a wholly owned subsidiary of Paychex, Inc., ranked number 30 on Business Insurance magazine’s 2011 list of the Top 100 Brokers of U.S. Business. In its annual list, Business Insurance, the leading trade magazine for the commercial insurance industry, ranks agents and brokers based on revenues generated by U.S.-based clients.

Paychex Releases White Papers at SHRM 2011 on Ways to Improve Employee Performance and the Benefits of a Self-Service HR System

Fri, 24 Jun 2011 10:00:00 EST

Two new white papers from Paychex outline ways that human resource professionals can improve employee performance and deliver HR services online.

IDG's Computerworld Names Paychex to 2011 List of Best Places to Work in Information Technology

Thu, 23 Jun 2011 14:00:00 EST

Paychex, Inc. was named to Computerworld magazine’s 2011 list of the top 100 Best Places to Work in IT. The honor is given to organizations that challenge their IT staffs while providing great benefits and compensation. This marks the company’s seventh consecutive appearance on the list, ranking number 77, up from number 89 last year.

Paychex, Inc. Reports Fiscal 2011 Results

Wed, 22 Jun 2011 00:00:00 EST

Paychex, Inc. today announced total revenue of $2.1 billion for the fiscal year ended May 31, 2011 (“fiscal 2011”), a 4% increase from $2.0 billion for the prior fiscal year ended May 31, 2010 (“fiscal 2010”). Net income and diluted earnings per share increased 8% to $515.3 million and $1.42 per share, respectively. Our results for fiscal 2010 were impacted by an expense charge of $18.7 million to increase the litigation reserve, which reduced diluted earnings per share by $0.03 per share. The acquisition of SurePayroll, Inc. (“SurePayroll”) as of February 8, 2011 was dilutive to fiscal 2011 by less than $0.01 per share.

Paychex Recognized As Leading Provider of 401(k) Recordkeeping Plans In U.S.

Wed, 15 Jun 2011 10:00:00 EST

Paychex, Inc. ranks as the largest 401(k) recordkeeper by number of plans in America, according to two recent national surveys from Plansponsor and CFO magazine.

Paychex, CPA2Biz Extend Key Strategic Alliance for AICPA Members

Tue, 14 Jun 2011 00:00:00 EST

Paychex, Inc. and CPA2Biz, Inc. have extended their long-standing strategic alliance through September 2016. Paychex, a flagship service offering of the AICPA Trusted Business Advisor Program since 2003, remains the preferred payroll and retirement services provider for AICPA members and their clients through this relationship.

National Business Group on Health Honors Paychex with "Best Employers for Healthy Lifestyles" Award

Thu, 26 May 2011 10:00:00 EST

For the third year in a row, Paychex, Inc. was honored by the National Business Group on Health for its commitment and dedication to promoting a healthy workplace and encouraging employees to support and maintain healthy lifestyles.

Paychex Names New Senior Vice President of Sales

Wed, 25 May 2011 00:00:00 EST

Paychex, Inc. today announced the appointment of Rebecca F. Bernson as senior vice president of sales. The Paychex Board of Directors also named her an officer of the company. Bernson is a senior executive with more than 30 years experience leading Fortune 500 sales organizations, specializing in business process outsourcing. Bernson begins her new role with Paychex on June 1, 2011.

New Paychex White Paper Helps Business Owners Master Payroll Compliance

Tue, 24 May 2011 01:00:00 EST

A new white paper from Paychex, Inc. identifies 10 common payroll pitfalls that America’s business owners need to avoid in order to comply with labor, tax, and employment laws.

Paychex to Mark National Small Business Week with New Online Resource Kit for Small Business Owners

Fri, 13 May 2011 00:00:00 EST

To help current small business owners and potential entrepreneurs further their understanding of the needs and requirements considerations that go into running a successful company, Paychex will launch an online resource kit, www.paychex.com/small-business-week, during National Small Business Week, May 16-20.

Paychex Chief Financial Officer John Morphy to Retire

Wed, 04 May 2011 00:00:00 EST

Paychex, Inc. today announced the retirement of John M. Morphy as senior vice president, chief financial officer, secretary, and treasurer. He will remain with the company through the end of 2011. Paychex also announced the appointment of Efrain Rivera as its new senior vice president, chief financial officer, and treasurer. A former corporate vice president and chief financial officer for Bausch & Lomb, Rivera begins his new role with Paychex on June 1, 2011.

Paychex Acquires ePlan Services

Tue, 03 May 2011 11:15:00 EST

Paychex, Inc. today announced it has completed the acquisition of ePlan Services, Inc., a provider of recordkeeping and administrative solutions to the defined contribution marketplace.

Paychex, Inc. Reports Third Quarter Results

Wed, 23 Mar 2011 00:00:00 EST

Paychex, Inc. (NASDAQ:PAYX) today announced total revenue of $531.3 million for the three months ended February 28, 2011 (the “third quarter”), a 5% increase from $507.8 million for the same period last year. Net income increased 17% to $130.6 million and diluted earnings per share increased 16% to $0.36 per share.

Paychex Among the Best in Training for the Tenth Consecutive Year

Mon, 14 Mar 2011 14:00:00 EST

Paychex, Inc. has been named to Training magazine’s Top 125 list of outstanding international training organizations for the tenth straight year. Paychex, a leading provider of payroll and human resource services, ranked number 26 on the 2011 list, up from number 32 last year.

Paychex Survey Finds Majority of Small Business Owners Optimistic About Growth, Concerned About Increase in Government Regulations

Thu, 03 Mar 2011 10:30:00 EST

Results released today from a nationwide survey commissioned by Paychex, Inc. (NASDAQ:PAYX) show that half of small business owners (50 percent) express optimism about their prospects for growth in 2011. At the same time, 47 percent report that recent government regulations have slowed or prevented growth.

Paychex Introduces Smart Time Clocks for Small Businesses

Wed, 23 Feb 2011 11:00:00 EST

Paychex, Inc., a leading provider of payroll, human resource, and benefits outsourcing solutions for small- to medium-sized businesses, today announced the introduction of Paychex Smart Time^TM time clocks for small businesses. The self-contained Smart Time system was created in partnership with Icon Time Systems, a technology leader in time and attendance services for businesses with fewer than 25 employees.

Paychex Completes Acquisition of SurePayroll

Wed, 09 Feb 2011 10:30:00 EST

Paychex, Inc. (NASDAQ:PAYX), a leading provider of payroll, human resource, and benefits outsourcing solutions for small- to medium-sized businesses, today announced it has completed the acquisition of SurePayroll, Inc., a leading provider of Software-as-a-Service (SaaS) payroll processing for small businesses. The purchase price totaled $115.0 million in cash.

Paychex Names New Vice Presidents of Marketing and Human Resources

Mon, 31 Jan 2011 16:15:00 EST

Paychex, Inc. today announced the appointment of two new vice presidents. Andrew B. Childs has been named vice president of marketing, a newly created position for the company. Laurie L. Zaucha has been named vice president of human resources and organizational development. She succeeds Will Kuchta, who has announced plans to retire this year. The Paychex Board of Directors has also appointed both new vice presidents officers of the company.

The Top 11 in '11: Regulatory Changes Every Small Business Needs to Know in the New Year

Mon, 27 Dec 2010 10:00:00 EST

The start of the New Year ushers in a series of new regulatory, compliance, and legislative changes that affect every small business. According to Paychex, Inc., a leading provider of payroll, human resource, and benefits outsourcing solutions for small- to medium-sized businesses, 11 issues top the list of business regulations in 2011.

Paychex, Inc. Reports Second Quarter Results

Mon, 20 Dec 2010 00:00:00 EST

Paychex, Inc. today announced total revenue of $512.0 million for the three months ended November 30, a 3% increase from $496.6 million for the same period last year. Net income and diluted earnings per share increased 6% to $133.9 million and $0.37 per share, respectively.

Paychex to Acquire SurePayroll

Thu, 09 Dec 2010 09:00:00 EST

Paychex, Inc. (NASDAQ:PAYX), a leading provider of payroll, human resource, and benefits outsourcing solutions for small- to medium-sized businesses, today announced it has entered into an agreement to acquire SurePayroll, Inc., the nation’s leading provider of Software-as-a-Service (SaaS) payroll processing for small businesses.

Small Business Webinar: Advantages of Payroll Outsourcing

Tue, 07 Dec 2010 10:00:00 EST

Small-business owners and managers can learn the benefits of outsourcing payroll processing at a live, educational webinar from Paychex. Outsourcing payroll reduces the complexity and risk of running payroll in-house, while helping ensure greater accuracy, with up-to-date tax rates and regulatory information.

Paychex Honored with Alexander Hamilton Awards for Excellence in Treasury Management

Wed, 10 Nov 2010 10:00:00 EST

Paychex, Inc. has earned national recognition for its superior performance in enterprise risk management and retirement and benefits by receiving two Alexander Hamilton Awards. The awards are presented annually by Treasury & Risk magazine, a national business publication.

Paychex Appoints New Vice President of Payroll Sales

Mon, 01 Nov 2010 10:30:00 EST

Paychex, Inc., leading provider of payroll, human resource, and benefits outsourcing solutions for small- to medium-sized businesses, today announced the promotion of a veteran senior manager in its sales and marketing organization. Neil Rohrer has been named vice president of sales for Core payroll in the Eastern United States. The Paychex Board of Directors has also appointed Rohrer a new officer of the company.

Paychex Appoints Two New Board Members

Thu, 14 Oct 2010 10:30:00 EST

Paychex, Inc., a leading provider of payroll, human resource, and benefits outsourcing solutions for small- to medium-sized businesses, today announced that the Paychex Board of Directors has appointed two new members. They are Martin Mucci, who was named Paychex president and chief executive officer September 30, 2010, and Joseph Doody, president of Staples North American Delivery, one of Staples’ three business segments. Staples is the world’s largest office products company.

Paychex Names Martin Mucci President and Chief Executive Officer

Thu, 30 Sep 2010 10:00:00 EST

The Board of Directors of Paychex, Inc., a leading provider of payroll, human resource, and benefits outsourcing solutions for small- to medium-sized businesses, today announced that Martin Mucci has been named president and chief executive officer. Mucci joined Paychex in October 2002 as senior vice president of operations following a 20-year career in the telecommunications industry. He assumes his new role effective today.