Paychex

Template:Short description Template:Pp-semi-indef Template:Use mdy dates {{#invoke:Infobox|infobox}}Template:Template otherTemplate:Main other{{#invoke:Check for clobbered parameters|check|nested=1|template=Infobox company|cat=Template:Main other|name; company_name|logo; company_logo|logo_alt; alt|trade_name; trading_name|former_names; former_name|type; company_type|predecessors; predecessor|successors; successor|foundation; founded|founders; founder|defunct; dissolved|hq_location; location|hq_location_city; location_city|hq_location_country; location_country|num_locations; locations|areas_served; area_served|net_income; profit|net_income_year; profit_year|owners; owner |homepage; website }}{{#invoke:Check for unknown parameters|check|unknown=Template:Main other|preview=Page using Template:Infobox company with unknown parameter "_VALUE_" | ignoreblank=y | alt | area_served | areas_served | assets | assets_year | aum | brands | company_logo | company_name | company_type | defunct | dissolved | divisions | embed | equity | equity_year | fate | footnotes | former_name | former_names | foundation | founded | founder | founders | genre | homepage | hq_location | hq_location_city | hq_location_country | incorporated | image | image_alt | image_caption | image_size | image_upright | income_year | industry | ISIN | key_people | location | location_city | location_country | locations | logo | logo_alt | logo_caption | logo_class | logo_size | logo_upright | members | members_year | module | name | native_name | native_name_lang | net_income | net_income_year | num_employees | num_employees_year | num_locations | num_locations_year | operating_income | owner | owners | parent | predecessor | predecessors | production | production_year | products | profit | profit_year | rating | ratio | revenue | revenue_year | romanized_name | services | subsid | successor | successors | traded_as | trade_name | trading_name | type | website| qid | fetchwikidata | suppressfields | noicon | nocat | demo | categories }}

Paychex, Inc. is an American company that provides human resources, payroll, and employee benefits outsourcing services for small- to medium-sized businesses.<ref name=10K/> Founded in 1971 and headquartered in Rochester, New York, the company has more than 100 offices serving approximately 740,000 payroll clients in the U.S. and Europe.<ref name=10K/> Paychex is ranked 681st on the Fortune 500 list of largest corporations by revenue.<ref>Template:Cite news</ref>

History

Paychex was founded in 1971 by Tom Golisano, who started the company with only $3,000.<ref>Template:Cite news</ref><ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

The operation grew to include 18 franchises and partnerships, which were eventually consolidated into one private company in 1979. In 1983, the company (ticker symbol: PAYX) became a public company via an initial public offering.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref><ref>Template:Cite news</ref>

Acquisitions

Company	Year	Price	Ref(s)
Pay-Fone	1995	Undisclosed
Payday	1995	Undisclosed
Olsen Computer Systems, Inc.	1996	Undisclosed	<ref>Template:Cite news</ref>
National Business Solutions	1996	$142.5 million	<ref>Template:Cite news</ref>
Advantage Payroll Services, Inc.	2002	$240 million	<ref>Template:Cite news</ref>
InterPay Inc.	2003	$155 million	citation	CitationClass=web }}</ref>
Time In A Box product from Stromberg	2003	Undisclosed	<ref>Template:Cite news</ref>
Stromberg	2004	Undisclosed	citation	CitationClass=web }}</ref><ref>Template:Cite news</ref>
Hawthorne Benefit Technologies	2007	Undisclosed	<ref>Template:Cite news</ref>
SurePayroll, Inc.	2010	$115 million	<ref>Template:Cite news</ref>
ePlan Services, Inc.	2011	Undisclosed	<ref>Template:Cite news</ref><ref>Template:Cite news</ref>
Icon Time Systems	2012	Undisclosed	<ref>Template:Cite news</ref>
ExpenseWire	2012	Undisclosed	citation	CitationClass=web }}</ref>
myStaffingPro	2013	Undisclosed	<ref>Template:Cite press release</ref>
NETtime solutions	2014	Undisclosed	<ref>Template:Cite news</ref>
Advance Partners	2015	Undisclosed	<ref>Template:Cite news</ref>
Human Resources Outsourcing, Inc.	2017	Undisclosed	<ref>Template:Cite news</ref>
Lessor Group	2018	Undisclosed	<ref>Template:Cite news</ref>
Oasis	2018	$1.2 billion	<ref>Template:Cite news</ref><ref>Template:Cite news</ref><ref>Template:Cite news</ref><ref>Template:Cite news</ref>
Paycor	2025	$4.1 billion	<ref>Template:Cite news</ref><ref>Template:Cite news</ref><ref>Template:Cite news</ref>

Small Business Employment Watch

Paychex and IHS Markit launched a Small Business Jobs Index in 2014 that measures the health of businesses employing 50 people or less.<ref>Template:Cite news</ref> Today, the Paychex | IHS Markit Small Business Employment Watch shares small business jobs data going back to 2005 and wage data from 2011 to present.Template:Citation needed<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}Template:Self-published source</ref> The Employment Watch is frequently used by financial experts, analysts, and journalists assessing the economic outlook.<ref>Template:Cite news</ref> Paychex CEO Martin Mucci regularly appears in the media to provide analysis of Small Business Employment Watch data, as well as insight into what the health of Paychex as a company says about the health of small business and the economy in general.<ref>Template:Cite news</ref>

Awards and honors

• Paychex named to HR Examiner's 2020 Watchlist for the use of AI in HR<ref>{{#invoke:citation/CS1|citation

|CitationClass=web }}</ref>

• In 2019, Paychex was named to the FORTUNE list of Future 50 companies<ref>Template:Cite news</ref>
• Paychex was listed as number 211 on Forbes 2019 list of the World's Best<ref name=Forbes>Template:Cite news</ref>
• In 2018, Paychex was named one of the World's Most Ethical Companies by Ethisphere for an 11th time<ref>{{#invoke:citation/CS1|citation

|CitationClass=web }}</ref>

• In 2018, Forbes placed Paychex at number 76 on their list of the World's Most Innovative Companies<ref name=Forbes />
• Rochester Democrat and Chronicle named Paychex one of the Best Places to Work in Rochester in 2016<ref>{{#invoke:citation/CS1|citation

|CitationClass=web }}</ref>

• Paychex Flex received the 2016 TekTonic Award from HRO Magazine for being a best-in-class mobile and cloud-based technology suite<ref>{{#invoke:citation/CS1|citation

|CitationClass=web }}</ref>

Chief executives

Name	Tenure
Tom Golisano	1979 – October 2004
Jonathan J. Judge	October 2004 – July 2010
Martin Mucci	October 2010 – October 2022
John Gibson	citation	CitationClass=web }}</ref><ref>Template:Cite news</ref>

References

<references/>

External links

• Template:Official

• Wolfram Alpha Fundamentals & Financials