NASDAQ:PAYX

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

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Wednesday, July 5, 2023
Research, Accounting, Professional Services, Business, Payments, Technology, Small Business, Data Analytics, Science, Insurance, Human Resources, Finance, Other Technology, Small business, Multimedia, Index, S&P Global, Growth, Education, Tutoring, Music, Arms industry, Entertainment, Tourism, Film industry, Paychex

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.

Key Points: 
  • 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.
  • The South continues to lead small business employment growth among regions for the 15th consecutive month at 100.12, down 0.35%.
  • Texas (4.91%) continues to report the strongest hourly earnings growth among the 20 largest states, though growth is decelerating.
  • Despite slowing 0.35% in June, the South (100.12) continues a 15-month streak leading small business employment growth among regions.

Paychex Charitable Foundation Commits $1 Million to National Urban League

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Tuesday, June 20, 2023
Technology, Professional Services, Public Policy, Government, Foundation, Digital Cash Management, Digital Assets, Philanthropy, DEI (Diversity, Equity and Inclusion), Other Philanthropy, Other Education, Training, Other Policy Issues, Education, Other Professional Services, Socially Responsible Investing, Social Services, Human Resources, Data Management, Clifford Whittingham Beers, Workforce, Housing, National Urban League, Quality of life, Multimedia, Entrepreneurship, Feeding America, Health, Mental health, African Americans, Pharmaceutical industry, Management, Paychex

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.

Key Points: 
  • 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.
  • View the full release here: https://www.businesswire.com/news/home/20230620227222/en/
    Paychex announced that National Urban League will receive a $1 million grant from the Paychex Charitable Foundation.
  • “We are proud to partner with forward-thinking partners like Paychex, who understand the value of a diverse and inclusive workforce,” National Urban League President and CEO Marc H. Morial said.
  • ; Phoenix, Ariz.; Rochester, N.Y.; Tampa, Fla. and West Palm Beach, Fla.
    To learn more about the Paychex Charitable Foundation, visit the foundation’s website .

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

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Thursday, June 15, 2023
Professional Services, Insurance, Human Resources, Finance, CFO, Business Wire, Senior, PAYX, Management, Paychex

Paychex, Inc. (Nasdaq: PAYX) will release financial results for its fiscal 2023 fourth quarter and full-year ended May 31, 2023.

Key Points: 
  • 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.
  • ET on Thursday, June 29, 2023, to review the results for the quarter.
  • The conference call will be available online as a live broadcast on the Paychex Investor Relations portal .

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

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Monday, June 12, 2023
Professional Services, Business, Technology, Human Resources, Software, Artificial Intelligence, Communication, Research report, Gen, Workplace, Human resource management, SHRM, Exposition, Research, Generation Z, Medical assistant, Society for Human Resource Management, Pulse, Investment, Artificial intelligence, Conference, Health insurance, Management, West Hall, Millennials, Paychex

Respondents at larger companies (20-plus employees) expect they’ll use AI mostly for applicant tracking purposes (30%), followed by assessing employee satisfaction (29%).

Key Points: 
  • Respondents at larger companies (20-plus employees) expect they’ll use AI mostly for applicant tracking purposes (30%), followed by assessing employee satisfaction (29%).
  • The survey of U.S.-based business and HR leaders at companies with five or more employees found that investments in HR technology are expected to help increase employee productivity and improve the employee experience.
  • The 2023 Paychex Pulse of HR Survey was conducted via an online survey from February 24 to March 31, 2023.
  • It is the seventh in an annual series of benchmark surveys investigating HR leaders’ challenges, priorities, and use of technology.

Small Business Jobs Growth Holds Steady in May

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Tuesday, May 30, 2023
Small business, Education, Index, S&P Global, Health, Growth, Landscape maintenance, Management, Tourism, Sawmill, Tutoring, Entertainment, Citrus, Pharmaceutical industry, Grocery store, Paychex

ROCHESTER, N.Y., May 30, 2023 /PRNewswire/ -- The rate of small business job growth was unchanged from April for the month of May, according to the latest 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. — stands at 99.45, a 0.04% decrease from April. Meanwhile, hourly earnings growth for U.S. workers slowed to 4.33%.

Key Points: 
  • Hourly earnings growth for U.S. workers slows
    ROCHESTER, N.Y., May 30, 2023 /PRNewswire/ -- The rate of small business job growth was unchanged from April for the month of May, according to the latest 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. — stands at 99.45, a 0.04% decrease from April.
  • Houston is once again the top metro for small business job growth for the seventh straight month.
  • Construction is the top sector for all three wage data components: hourly earnings growth (4.89%), weekly earnings growth (5.00%), and weekly hours worked growth (0.35%).

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

Retrieved on: 
Thursday, May 25, 2023
Workforce, Software as a service, Core, SMB, HR, Pleasure, Research, HCM, Lighthouse, Management, Paychex

ROCHESTER, N.Y., May 25, 2023 /PRNewswire/ -- Paychex, Inc., a leading provider of integrated human capital management (HCM) software solutions for human resources, payroll, benefits, and insurance services, has again earned industry recognition for the company's cloud-based SaaS solution, Paychex Flex®. For the fourth consecutive year, Paychex earned an HR Tech Award for Best Small and Medium Business (SMB)-focused Solution in the Core HR/Workforce category.

Key Points: 
  • For the fourth consecutive year, Paychex earned an HR Tech Award for Best Small and Medium Business (SMB)-focused Solution in the Core HR/Workforce category.
  • The HR Tech Awards program, powered by Lighthouse Research & Advisory , is designed to give buyers a shortlist of vetted, capable providers specific to their needs.
  • According to Lighthouse Research & Advisory data, more than 5,000 providers exist across the HR technology landscape, with more entering the space every day.
  • "It's an honor to be recognized by Lighthouse Research & Advisory for the fourth-straight year for delivering innovative HR and workforce solutions to American businesses," said Tom Hammond , vice president of corporate strategy and product management at Paychex.

Gen Z Surpasses Baby Boomers in Small Business Workforce Participation

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Thursday, May 18, 2023
Workforce, Hospitality, Male, Small business, Gen, Baby boomers, Rise, Generation, Gen-Z for Change, Risk, Growth, Generation X, Female, Nursing, Millennials, Generation Z, Paychex

ROCHESTER, N.Y., May 18, 2023 /PRNewswire/ -- According to a new report from Paychex, Inc., Generation Z (born 1997-2012) participation in the small business workforce has surpassed Baby Boomers (born 1946-1964) and is the only segment in the labor market showing growth.

Key Points: 
  • Paychex special report investigates Gen Z's growing impact on workforce in the U.S.
    ROCHESTER, N.Y., May 18, 2023 /PRNewswire/ -- According to a new report from Paychex, Inc. , Generation Z (born 1997-2012) participation in the small business workforce has surpassed Baby Boomers (born 1946-1964) and is the only segment in the labor market showing growth.
    "
  • Unlike Gen Z's steady growth in the labor market, representation from Baby Boomers, Gen X (born 1965-1980), and Millennials (born 1981-1996) continues to decline.
  • Gen Z females represent 20.5% of all female workers, while Gen Z males only represent 17.7% of all male workers.
  • Furthermore, Gen Z females represent a larger share of their gender's workforce compared to males in every industry except Construction.

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

Retrieved on: 
Wednesday, May 17, 2023
Clifford Whittingham Beers, Workforce, Partnership, Junior, Face, Junior Achievement, Entrepreneurship, Feeding America, HR, Knowledge, Mental health, Nursing, Paychex

ROCHESTER, N.Y., May 17, 2023 /PRNewswire/ -- 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 annually over four years, will support the long-term financial health of America's youth in key markets where Paychex has a high concentration of employees.

Key Points: 
  • This is the third major gift given under the Paychex Charitable Foundation's strategic giving framework focused on well-being, addressing mental health, physical health, financial health, and professional skills development.
  • "We at Junior Achievement know that for many young people, financial literacy education in school is an essential part of experiencing financial health later in life," said Jack E. Kosakowski, President & CEO of Junior Achievement USA.
  • In addition to this financial gift from the Paychex Charitable Foundation, Paychex will be seeking opportunities to engage its 16,000 employees as a volunteer network to help advance Junior Achievement's mission of supporting the long-term financial health of American youth.
  • ; Chicago, Ill.; Pasadena, Calif.; Phoenix, Ariz.; Rochester, N.Y.; San Diego, Calif.; St. Petersburg, Fla.; Tampa, Fla. and West Palm Beach, Fla.
    To learn more about the Paychex Charitable Foundation, visit the foundation's website .

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

Retrieved on: 
Monday, May 15, 2023
Bank, BNY Mellon, HSBC, Belmont Abbey College, State Street, Merrill (company), MBA, HCM, Massachusetts Institute of Technology, Data science, Management, Paychex

ROCHESTER, N.Y., May 15, 2023 /PRNewswire/ -- Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, today announced that Elizabeth Roaldsen has joined the company as senior vice president of operations and customer experience.  In this role, she will continue the company's focus on delivering an industry-leading experience for its 730,000 business customers, lead more than 6,000 service employees, and serve as a member of the company's senior executive leadership team.

Key Points: 
  • ROCHESTER, N.Y., May 15, 2023 /PRNewswire/ -- Paychex, Inc. , a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, today announced that Elizabeth Roaldsen has joined the company as senior vice president of operations and customer experience.
  • In this role, she will continue the company's focus on delivering an industry-leading experience for its 730,000 business customers, lead more than 6,000 service employees, and serve as a member of the company's senior executive leadership team.
  • Prior to joining Paychex, Ms. Roaldsen had nearly 30 years of successful leadership experience at HSBC, State Street, Merrill Lynch, and The Bank of New York.
  • Ms. Roaldsen holds an MBA from the Massachusetts Institute of Technology and a BA in Accounting from Belmont Abbey College.