PAYX - Paychex Inc

Company Overview

Name

Paychex Inc

Tickers

PAYX

Exchanges

Nasdaq

Employees

16500

Founded

1979

Sector Information

Other Information

CIK

723531

Category

Large accelerated filer

1-Line Summary

Paychex, Inc. provides human capital management solutions, payroll processing, and compliance expertise for small and medium-sized businesses.

Company summary

Paychex, Inc. is a leading human capital management (HCM) service provider that offers a comprehensive suite of solutions including human resources (HR), payroll processing, employee benefits administration, insurance, and compliance expertise primarily tailored for small- to medium-sized businesses. Utilizing their proprietary cloud-based platform, Paychex Flex, the company allows businesses to manage the entire employee life cycle from recruitment to retirement through integrated software solutions that are customizable as per clients' needs.

In addition to its extensive solutions portfolio and technological innovations, Paychex prides itself on its dedicated HR compliance and advisory services, capitalizing on a team of skilled professionals to guide clients through the complexities of regulatory changes and workforce management. The company focuses not only on maintaining strong client retention rates but also on enhancing its offerings through continuous investments in technology and strategic partnerships to further expand their market share in an ever-evolving business landscape.

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