NASDAQ:PAYX

Paychex Flex® Earns 2024 HR Tech Award from Lighthouse Research & Advisory Firm

Retrieved on: 
Wednesday, May 8, 2024
Technology, Human Resources, Security, Fintech, Professional Services, Small Business, Software, Networks, Data Management, HR, Core, Research, Software as a service, Lighthouse

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.

Key Points: 
  • 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.
  • According to Lighthouse Research & Advisory data, more than 5,000 providers exist across the HR technology landscape, with more startups emerging daily.
  • The HR Tech Awards recognize an elite group of companies representing approximately 1-2% of all firms in the HR technology marketplace for their focus on creating solutions that solve problems customers care about.
  • With a combination of cloud-based technology backed by a national team of HR professionals, Paychex continues to deliver digital HR solutions and advisory services that automate and simplify the complexities of managing HR, payroll, and benefits.

Paychex Declares a 10% Increase to Quarterly Cash Dividend

Retrieved on: 
Wednesday, May 1, 2024
Software, Insurance, Payments, Finance, Small Business, Professional Services, Technology, Fintech, PAYX, Growth, Holding company

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.

Key Points: 
  • 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.
  • “We are increasing our dividend based on the strong financial position of the company and the healthy free cash flow generation of the business,” said John Gibson , Paychex president and CEO.
  • “While we continue to prioritize investing in the long-term growth of the company, we remain committed to returning excess capital to our shareholders.”
    For the fiscal year ending on May 31, 2024, Paychex expects to return approximately $1.3 billion in dividends to shareholders, continuing a tradition of paying consecutive quarterly cash dividends every year since 1988.

Hourly Earnings Growth for U.S. Small Business Workers Increases and Job Growth Slows Amid Tight Job Market

Retrieved on: 
Tuesday, April 30, 2024
Professional Services, Human Resources, Finance, Health care, Multimedia, Construction, Small business, Acceleration, Growth, Education, Tutoring

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.

Key Points: 
  • 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.
  • Washington (4.91%) and Seattle (5.11%) tops states and metros, respectively, for hourly earnings growth among U.S. small business workers.
  • The rate of small business job growth decelerated across all industries in April, though Education and Health Services (101.60) remains one of the strongest sectors for job growth.
  • For the sixth consecutive month, Construction led growth among sectors in hourly earnings (3.85%), weekly earnings (3.80%), and weekly hours worked (0.28%).

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

Retrieved on: 
Tuesday, April 9, 2024
Banking, Accounting, Technology, Professional Services, Health, Payments, General Health, Mental Health, Software, Human Resources, Finance, Well, Mindfulness, National Urban League, Organization, Health equity, Mental health, EAP, Employee assistance program, Clifford Whittingham Beers, Nursing

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.

Key Points: 
  • 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 is also one of 10 companies to earn additional acknowledgment for a commitment to employees’ emotional well-being through mental health programs.
  • “This is the 10th time Paychex has been honored by Business Group on Health for delivering strategic health and well-being programs that support our employees,” said John Gibson , Paychex president and CEO.
  • “In addition, their novel and impactful approaches focused on critical workforce issues, such as mental health and health equity.

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

Retrieved on: 
Wednesday, April 3, 2024
Small Business, Professional Services, Human Resources, Multimedia, Small business, Growth, HCM, Tutoring

Hourly earnings growth for workers at U.S. companies with fewer than 50 employees continued a steady deceleration that began in mid-2022, ending March at 3.27% growth year-over-year.

Key Points: 
  • Hourly earnings growth for workers at U.S. companies with fewer than 50 employees continued a steady deceleration that began in mid-2022, ending March at 3.27% growth year-over-year.
  • View the full release here: https://www.businesswire.com/news/home/20240403444503/en/
    The Paychex Small Business Employment Watch showed the first increase in small business job growth in three months in March.
  • “We’ve also seen that offering affordable benefits like healthcare insurance and retirement plans can help business owners compete for talent.”
    Jobs Index and Wage Data Highlights:
    With a national jobs index of 100.85 in March, the pace of small business job growth increased for the first time in 2024.
  • The Midwest overtook the South as the top-ranked region with four of the top five states for small business job growth being in the Midwest.

Paychex Named Among FORTUNE’s Most Innovative Companies

Retrieved on: 
Tuesday, March 26, 2024
Software, Human Resources, Payments, Finance, Banking, Accounting, Professional Services, Technology, HR, Culture, Organization, Software as a service, Learning, Statista, HCM, IP, Consultant, Management

Paychex was awarded for the company’s commitment to industry-leading HR solutions while fostering a culture of innovation.

Key Points: 
  • Paychex was awarded for the company’s commitment to industry-leading HR solutions while fostering a culture of innovation.
  • “It’s an honor to again be named one of America’s Most Innovative Companies, which underscores our commitment to being the digitally driven HR leader,” said John Gibson , Paychex president and CEO.
  • We continue to invest in new and innovative solutions that address our customers' business challenges.
  • To see a full list of FORTUNE’s 2024 list of America’s Most Innovative Companies, visit fortune.com/ranking/americas-most-innovative-companies/ .

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

Retrieved on: 
Monday, March 25, 2024
Professional Services, Payments, Small Business, Technology, Insurance, Finance, Fintech, Business Wire, PAYX, CFO

Paychex, Inc. (Nasdaq: PAYX) today announced that it has changed the date for its previously announced earnings conference call due to a scheduling conflict.

Key Points: 
  • 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.
  • Paychex will release results for the fiscal 2024 third quarter ended February 29, 2024 via Business Wire before the U.S. financial markets open on Tuesday, April 2, 2024.

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

Retrieved on: 
Wednesday, March 13, 2024
Insurance, Human Resources, Payments, Finance, Small Business, Professional Services, Technology, Fintech, Business Wire, PAYX, CFO

Paychex, Inc. (Nasdaq: PAYX) will release financial results for its fiscal 2024 third quarter ended February 29, 2024.

Key Points: 
  • 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.
  • ET on Wednesday, March 27, 2024, to review the results for the quarter.
  • The conference call will be available online as a live broadcast on the Paychex Investor Relations portal .

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

Retrieved on: 
Tuesday, March 12, 2024
Software, Human Resources, Payments, Finance, Artificial Intelligence, Data Management, Professional Services, Technology, Data science, Wake Forest University, Sun Microsystems, Risk management, Investment, AI, TD Ameritrade, Management

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.

Key Points: 
  • 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.
  • “As we continue to expand our over decade long journey with AI and accelerate our strategy to be the AI and digitally driven HR technology company, the time has come for Paychex to invest in leadership that will take us to the next level,” said John Gibson , Paychex president and CEO.
  • Prior to WestCap, he spent time at TD Ameritrade, Fidelity, Sun Microsystems, and Vicorp Restaurants primarily in data science, risk management, and AI leadership roles.
  • Vance holds a bachelor’s degree from Wake Forest University.