Paychex, Inc. is a US-based provider of outsourced payroll, benefits, human resources, and insurance services. Paychex software is used by over 710,000 business clients to pay the wages of over 12 million workers in the US and Europe. It offers personal service as well as a SaaS platform. The company has its headquarters in Rochester, New York. Paychex was founded in 1971 and has over 15,000 employees, which includes around 650 specialist HR professionals.
Paychex payroll services include calculation, preparation, and fulfilment of payroll, as well as accounting records, management reports, and tax return preparation. Additional services offered include recruitment, benefits management, business insurance, startups, and retirement support. Paychex Flex is a full-lifecycle product, from recruitment to retirement.
You can find Paychex, Inc. listed using the ticker PAYX on the NASDAQ. In 2021, Paychex acquired the HR and benefits software developer, Flock. The company has received many awards, including a Stevie® Award in 2021 for its rapid response to the Covid-19 pandemic, in which it launched a Covid-19 helpdesk, provided webinars and resources, and developed a Paycheck Protection Program. Also in 2021, Paychex featured in both America’s Best Employers and the World’s Best Employers lists.
Stay informed on the latest news for PAYX stock and other shares with your eToro watchlist.