NASDAQ:PAYX

U.S. Small Business Hourly Earnings Growth Continues to Slow in April

Retrieved on: 
Tuesday, May 2, 2023
Workforce, Insurance, Fed, Small business, Generation Z, Baby boomers, Education, Generation, Index, S&P Global, IHS Markit, Health, Paychex, SPGI, Growth, City, Information services, NYSE, Textile, Cryptocurrency, Renewable energy, Tourism, Tutoring, Citrus, Entertainment, Arms industry, Pharmaceutical industry, Grocery store, Retail, Management, Points of the compass

ROCHESTER, N.Y., May 2, 2023 /PRNewswire/ -- Small business hourly earnings growth over the past 12 months declined again in April to 4.52 percent according to the Paychex | IHS Markit Small Business Employment Watch. After increasing every month in 2023, the Small Business Jobs Index, which measures the change in national employment growth for businesses with less than 50 employees, declined slightly by 0.24 percent from March and now stands at 99.49 in April.

Key Points: 
  • North Carolina remained the top state for small business job growth; Florida was once again the top state for hourly earnings growth.
  • Dallas continues to lead U.S. metros in small business job growth and hourly earnings growth.
  • Hourly earnings growth in construction (5.32 percent) reached a record high in April, and the sector ranked first for hourly earnings, weekly earnings, and weekly hours-worked growth.
  • In addition to seeing its hourly earnings growth rate reach a record high in April (5.32 percent), construction ranked first for hourly earnings, weekly earnings, and weekly hours-worked growth.

Paychex Charitable Foundation Commits $1 Million to Feeding America®

Retrieved on: 
Monday, May 1, 2023
Clifford Whittingham Beers, Partnership, Education, Food security, Investment, Feeding America, HR, Health, Food, Hunger, Mental health, Pharmaceutical industry, Agriculture, Paychex

ROCHESTER, N.Y., May 1, 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 the hunger relief organization Feeding America® will receive a $1 million grant from the Paychex Charitable Foundation. The grant, which allocates $250,000 annually over four years, will support local food banks that deliver equitable access to nutritious food in key markets where Paychex has a high concentration of employees.

Key Points: 
  • This is the second major gift from the Paychex Charitable Foundation within its strategic giving framework focused on well-being, addressing mental health, physical health, financial health, and professional skills development.
  • In March, Paychex announced a $1 million gift to Mental Health America to support mental and emotional well-being.
  • In addition to this financial gift from the Paychex Charitable Foundation, Paychex will also be seeking opportunities to engage its 16,000 employees as a volunteer network to help advance Feeding America's mission to end hunger in local markets.
  • To learn more about the Paychex Charitable Foundation, visit the organization's website .

Paychex Declares a 13% Increase in Quarterly Dividend

Retrieved on: 
Friday, April 28, 2023
Other Professional Services, Professional Services, Insurance, Human Resources, Growth, PAYX, Holding company, Management, Paychex

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.

Key Points: 
  • 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.
  • “Our board’s decision to again increase the quarterly dividend demonstrates our strong financial position and confidence in our ability to continue to return value to our shareholders, while also investing for growth in the business today and in the future,” said Paychex President and CEO, John Gibson .
  • In fiscal 2023, ending on May 31, 2023, Paychex expects to return approximately $1.2 billion in dividends to shareholders.

Small Business Jobs and Wages Increase Modestly in March

Retrieved on: 
Tuesday, April 4, 2023
Main Street, Small business, Employment, Education, BA-X, Small Business Jobs Act of 2010, YOY, Alliance for Main Street Fairness, Index, SMB, S&P Global, Health, Paychex, Growth, Textile, Management, Tutoring, Tourism, Food delivery, Arms industry, Citrus, Drug, Pharmaceutical industry, Grocery store, Midwestern United States

ROCHESTER, N.Y., April 4, 2023 /PRNewswire/ -- Small business employment has grown consistently during the first quarter of 2023, according to the Paychex | IHS Markit Small Business Employment Watch .

Key Points: 
  • ROCHESTER, N.Y., April 4, 2023 /PRNewswire/ -- Small business employment has grown consistently during the first quarter of 2023, according to the Paychex | IHS Markit Small Business Employment Watch .
  • The Small Business Jobs Index, which measures employment growth, increased modestly (0.06%) from the previous month to 99.73.
  • Small business employment growth remained strong in Houston (103.10), making the city the first among metros for the fifth consecutive month.
  • The Small Business Jobs Index methodology was updated with the March 2023 index published on April 4, 2023 to utilize the most up-to-date industry coding possible.

Paychex Named Among FORTUNE's Most Innovative Companies

Retrieved on: 
Wednesday, March 29, 2023
Software as a service, Employment, Culture, Gibson, Record, FORTUNE, Innovation, Risk, IP, Consultant, HR, Form, Statista, Creative industries, Management, Paychex

ROCHESTER, N.Y., March 29, 2023 /PRNewswire/ -- Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, has been recognized on FORTUNE® magazine's inaugural list of America's Most Innovative Companies. The recognition as a 2023 innovator was awarded to Paychex 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 300 top-scoring U.S.-based organizations.

Key Points: 
  • "It is an honor to be considered one of America's most innovative companies by FORTUNE," said John Gibson , president and CEO of Paychex.
  • Gibson added, "Through the hard work and dedication of our 16,000 plus employees, Paychex is recognized as one of the most innovative, most admired, and most ethical companies."
  • Paychex Flex Hiring and Paychex Flex Onboarding automate tasks and actions for a streamlined and fully digital hiring and onboarding process.
  • To see a full list of FORTUNE's 2023 list of America's Most Innovative Companies, visit https://fortune.com/ranking/americas-most-innovative-companies/2023/ .

Paychex Charitable Foundation to Donate $1 Million to Mental Health America

Retrieved on: 
Wednesday, March 22, 2023
Clifford Whittingham Beers, Overalls, Gibson, Mental health, Investment, MHA, Education, Risk, Pharmaceutical industry, Nursing, Paychex

ROCHESTER, N.Y., March 22, 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 Mental Health America (MHA) will receive a $1 million grant from the Paychex Charitable Foundation to support the organization's work raising awareness about the importance of prioritizing mental health care. The grant, which allocates $250,000 annually over the next four years, focuses on improving access to mental health education and resources in the company's key markets across the U.S.

Key Points: 
  • "The company uses those insights to direct funding through its charitable foundation where it sees the greatest need.
  • We're proud to partner with Mental Health America, an organization at the forefront of mental health awareness, education, and providing resources to communities around the country."
  • Under the strategic framework, the Paychex Charitable Foundation will focus major gifts on four critical areas of well-being: mental health, physical health, financial health, and professional skills development.
  • "We are facing an unprecedented mental health crisis in the U.S. and now is the time to invest in the next generation of mental health support.

Paychex, Inc. Schedules Third Quarter Fiscal 2023 Earnings Conference Call for March 29, 2023

Retrieved on: 
Wednesday, March 15, 2023
Professional Services, Payments, Technology, Insurance, Human Resources, Software, Fintech, CFO, Senior, PAYX, Business Wire, Management, Paychex

Paychex, Inc. (Nasdaq: PAYX) will release financial results for its fiscal 2023 third quarter ended February 28, 2023.

Key Points: 
  • 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.
  • ET on Wednesday, March 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 .

Paychex Named One of The World's Most Ethical Companies by Ethisphere for the 15th Time

Retrieved on: 
Monday, March 13, 2023
DE, Environment, Government Reports Elimination Act of 2014, Organization, Ethics, Recognition, Privacy, Culture, Female, SecurityScorecard, Risk management, Nursing, Social, BitSight, Paychex, Ethisphere Institute

ROCHESTER, N.Y., March 13, 2023 /PRNewswire/ -- Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, has been named among one of the 2023 World's Most Ethical Companies® on Ethisphere's annual list for the 15th time.

Key Points: 
  • Ethisphere, a global leader in defining and advancing the standards of ethical business practices, each year recognizes a select group of companies that show exceptional commitment to ethical operations, compliance performance, and governance practices.
  • "We continue to be inspired by the World's Most Ethical Companies honorees and their dedication to making real impact for their stakeholders and displaying exemplary values-based leadership.
  • Congratulations to Paychex for earning a place in the World's Most Ethical Companies community."
  • To view the full list of this year's honorees, please visit the World's Most Ethical Companies website, at worldsmostethicalcompanies.com/honorees .

Small Business Job Growth Improved for the Second Consecutive Month While Wage Inflation Continues to Cool

Retrieved on: 
Tuesday, March 7, 2023
IHS Markit, Growth, Small business, Index, Transport, Management, Airline, Retail, Drug, Cryptocurrency, Tunnel, Arms industry, Tutoring, Paychex

ROCHESTER, N.Y., March 7, 2023 /PRNewswire/ -- The rate of hiring for U.S. small businesses increased in February led by hiring in the leisure and hospitality industry according to the latest Paychex | IHS Markit Small Business Employment Watch. The Small Business Jobs Index, which measures national employment growth for businesses with fewer than 50 workers, continued to increase to 99.66 while the rate of hourly wage growth declined to 4.49 percent year-over-year in February. The one-month annualized hourly wage growth rate remained below four percent for the third consecutive month.

Key Points: 
  • "Given the slowing wage increases, employees of small businesses seem to be contending with inflation by increasing their hours worked."
  • At 99.66, the pace of small business employment growth improved in January (0.18 percent) and again in February (0.10 percent) to begin 2023.
  • Hourly earnings growth slowed further to 4.49 percent in February as one-month annualized growth remained below four percent for the third consecutive month.
  • The South leads regions in small business job growth for the eleventh consecutive month, though its index was unchanged in February at 100.82.