Paychex#History

{{Infobox company

| name = Paychex, Inc.

| logo = Paychex logo.svg

| logo_size = 200px

| image =Paychex headquarters.JPG

| image_size = 200px

| image_caption = Headquarters in Rochester, New York

| type = Public

| traded_as = {{ubl|class=nowrap|{{NASDAQ|PAYX}}||Nasdaq-100 component|S&P 500 component}}

| industry = {{ubl|Business process outsourcing|Human capital management}}

| founded = {{Start date and age|1971}}

| founder = {{nowrap|B. Thomas Golisano}}

| location = Rochester, New York, U.S.

| area_served = {{ubl|United States|Brazil|Denmark|Germany|Norway|Sweden}}

| key_people = {{ubl|class=nowrap

| B. Thomas Golisano (chairman)

| John Gibson (president & CEO)

| Robert Schrader (CFO)}}

| services = Payroll and HR services

| revenue = {{nowrap|{{increase}} {{US$|5.278 billion|link=yes}} (2024)}}

| operating_income = {{nowrap|{{increase}} US$2.174 billion (2024)}}

| net_income = {{nowrap|{{increase}} US$1.690 billion (2024)}}

| assets = {{nowrap|{{decrease}} US$10.38 billion (2024)}}

| equity = {{nowrap|{{increase}} US$3.801 billion (2024)}}

| num_employees = {{circa|16,500}}

| num_employees_year = 2024

| website = [https://gopaychex.com paychex.com]

| footnotes = {{cite web |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/723531/000095017024082958/payx-20240531.htm |title=Paychex, Inc. Annual Form 10-K |publisher=U.S. Securities and Exchange Commission |date=July 11, 2024}}

}}

Paychex, Inc. is an American company that provides human resources, payroll, and employee benefits outsourcing services for small- to medium-sized businesses. 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. Paychex is ranked 681st on the Fortune 500 list of largest corporations by revenue.{{cite news |title=Paychex |url=https://fortune.com/company/paychex/fortune500/ |work=Fortune | url-access=subscription}}

History

Paychex was founded in 1971 by Tom Golisano, who started the company with only $3,000.{{Cite news |last=Thomas |first=Kathryn Quinn |date=8 October 2004 |title=Golisano built Paychex into a success story |url=https://rbj.net/2004/10/08/golisano-built-paychex-into-a-success-story/ |access-date= |work=Rochester Business Journal |language=en-US}}{{cite web |title=Paychex, Inc. (PAYX) Company Profile & Facts – Yahoo Finance |url=https://finance.yahoo.com/quote/PAYX/profile/ |access-date=31 August 2020 |website=Yahoo Finance}}

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.{{cite web |title=Paychex, Inc. History |url=http://www.fundinguniverse.com/company-histories/paychex-inc-history/ |access-date=31 August 2020 |website=FundingUniverse}}{{cite news |date=11 October 1999 |title=Servicers |url=https://www.forbes.com/forbes/1999/1011/6409364a.html#3e0389c11aad |access-date=31 August 2020 |work=Forbes |language=en}}

=Acquisitions=

class="wikitable"
Company ! Year ! Price ! Ref(s)
Pay-Fone \| 1995 \| Undisclosed \|
Payday \| 1995 \| Undisclosed \|
Olsen Computer Systems, Inc. \| 1996 \| Undisclosed \|{{cite news \|date=22 November 1996 \|title=Paychex Acquires Olsen \|url=https://www.latimes.com/archives/la-xpm-1996-11-22-fi-1681-story.html \|url-access=limited \|work=Los Angeles Times}}
National Business Solutions \| 1996 \| $142.5 million \|{{cite news \|date=26 June 1996 \|title=Company News; Paychex Plans to Buy National Business Solutions \|url=https://www.nytimes.com/1996/06/26/business/company-news-paychex-plans-to-buy-national-business-solutions.html \|url-access=registration \|url-status=live \|archive-url=https://archive.today/20250321021939/https://www.nytimes.com/1996/06/26/business/company-news-paychex-plans-to-buy-national-business-solutions.html \|archive-date=March 21, 2025 \|work=The New York Times \|pages=D4 \|agency=Bloomberg News}}
Advantage Payroll Services, Inc. \| 2002 \| $240 million \|{{cite news \|date=19 September 2002 \|title=Company News; Paychex to Buy Advantage Payroll for $240 Million \|url=https://www.nytimes.com/2002/09/19/business/company-news-paychex-to-buy-advantage-payroll-for-240-million.html \|url-access=limited \|url-status=live \|archive-url=https://archive.today/20250321022331/https://www.nytimes.com/2002/09/19/business/company-news-paychex-to-buy-advantage-payroll-for-240-million.html \|archive-date=March 21, 2025 \|work=The New York Times \|pages=C4 \|agency=Bloomberg News}}
InterPay Inc. \| 2003 \| $155 million \|{{cite web \|date=17 March 2003 \|title=Paychex to acquire rival InterPay \|url=https://www.bizjournals.com/albany/stories/2003/03/17/daily6.html \|url-access=subscription \|url-status=live \|archive-url=https://archive.today/20250321022607/https://www.bizjournals.com/albany/stories/2003/03/17/daily6.html \|archive-date=March 21, 2025 \|work=American City Business Journals}}
Time In A Box product from Stromberg \| 2003 \| Undisclosed \|{{cite news \|date=16 October 2003 \|title=Paychex Acquires Product Line From Stromberg \|url=https://www.accountingtoday.com/news/paychex-acquires-product-line-from-stromberg \|url-access=registration \|work=Accounting Today}}
Stromberg \| 2004 \| Undisclosed \|{{cite web \|title=Paychex Completes Acquisition of Stromberg \|url=https://www.accountingtoday.com/news/paychex-completes-acquisition-of-stromberg \|website=Accounting Today \|date=14 April 2004}}{{Cite news \|last=Smith \|first=David A. \|date=14 April 2004 \|title=Lake Mary, Fla.-Based Software Company Sold to Rochester, N.Y.-Based Paychex. \|url=https://link.gale.com/apps/doc/A118293608/STND?u=txshrpub100020&sid=bookmark-STND&xid=63b0a884 \|access-date=20 March 2025 \|work=Republican-American}}
Hawthorne Benefit Technologies \| 2007 \| Undisclosed \|{{cite news \|date=13 September 2007 \|title=Paychex announces acquisition of BeneTrac \|url=https://www.reuters.com/article/idUSIN20070913110059PAYX20070913 \|work=Reuters}}
SurePayroll, Inc. \| 2010 \| $115 million \|{{cite news \|last1=Yue \|first1=Lorene \|date=13 December 2010 \|title=SurePayroll bought by rival Paychex for $115M \|url=https://www.chicagobusiness.com/article/20101213/NEWS07/101219971/surepayroll-bought-by-rival-paychex-for-115m \|url-access=subscription \|url-status=live \|archive-url=https://archive.today/20120722130748/http://www.chicagobusiness.com/article/20101213/NEWS07/101219971/surepayroll-bought-by-rival-paychex-for-115m#selection-619.1-616.1 \|archive-date=22 July 2012 \|work=Crain's Chicago Business}}
ePlan Services, Inc. \| 2011 \| Undisclosed \|{{cite news \|last1= \|first1= \|date=23 May 2011 \|title=Paychex Gains From EPlan Deal, But Stock Still Too Rich \|url=https://www.forbes.com/sites/greatspeculations/2011/05/23/paychex-gains-from-eplan-deal-but-stock-still-too-rich/#50a523082af7 \|work=Forbes}}{{Cite news \|date=3 May 2011 \|title=Paychex Acquires ePlan Services \|url=https://link.gale.com/apps/doc/A255239941/ITOF?u=txshrpub100020&sid=bookmark-ITOF&xid=37b7b289 \|access-date=20 March 2025 \|work=Business Wire}}
Icon Time Systems \| 2012 \| Undisclosed \|{{cite news \|last1=Dougherty \|first1=Nate \|title=Paychex acquires Icon Time Systems \|url=https://rbj.net/2012/01/09/paychex-acquires-icon-time-systems/ \|work=Rochester Business Journal \|date=9 January 2012}}
ExpenseWire \| 2012 \| Undisclosed \| {{Cite web \|last=Treadway \|first=Clint \|date=2012-12-03 \|title=Paychex Acquires ExpenseWire \|url=https://www.cpapracticeadvisor.com/2012/12/03/paychex-acquires-expensewire/8947/ \|access-date=2025-01-23 \|website=CPA Practice Advisor \|language=en-US}}
myStaffingPro \| 2013 \| Undisclosed \| {{Cite press release \|title=Paychex Announces Acquisition of myStaffingPro \|date=June 12, 2013 \|publisher=Business Wire \|url=https://www.businesswire.com/news/home/20130612005864/en/Paychex-Announces-Acquisition-of-myStaffingPro \|archive-url=https://web.archive.org/web/20250304001056/https://www.businesswire.com/news/home/20130612005864/en/Paychex-Announces-Acquisition-of-myStaffingPro \|archive-date=4 March 2025}}
NETtime solutions \| 2014 \| Undisclosed \|{{cite news \|last1= \|first1= \|date=19 June 2014 \|title=Paychex Expands Its Software-As-A-Service Based Solutions By Acquiring Nettime \|url=https://www.forbes.com/sites/greatspeculations/2014/06/19/paychex-expands-its-software-as-a-service-based-solutions-by-acquiring-nettime/#28ca760c6b99 \|url-access=limited \|url-status=live \|archive-url=https://archive.today/20250321024427/https://www.forbes.com/sites/greatspeculations/2014/06/19/paychex-expands-its-software-as-a-service-based-solutions-by-acquiring-nettime/ \|archive-date=March 21, 2025 \|work=Forbes}}
Advance Partners \| 2015 \| Undisclosed \| {{cite news \|date=23 December 2015 \|title=Paychex (PAYX) Completes Advance Partners Acquisition \|url=https://www.nasdaq.com/articles/paychex-payx-completes-advance-partners-acquisition-2015-12-23 \|work=Nasdaq}}
Human Resources Outsourcing, Inc. \| 2017 \| Undisclosed \| {{cite news \|title=Paychex acquires HR Outsourcing, Inc. \|url=https://www.rochesterfirst.com/news/local-news/paychex-acquires-hr-outsourcing-inc \|work=RochesterFirst \|date=21 August 2017}}
Lessor Group \| 2018 \| Undisclosed \| {{cite news \|last1=Fanelli \|first1=Gino \|title=Paychex acquires Lessor Group \|url=https://rbj.net/2018/03/01/paychex-acquires-lessor-group/ \|work=Rochester Business Journal \|date=1 March 2018}}
Oasis \| 2018 \| $1.2 billion \| {{cite news \|date=21 December 2018 \|title=Paychex Acquires Oasis Outsourcing for $1.2 Billion \|url=https://www.wsj.com/articles/paychex-acquires-oasis-outsourcing-for-1-2-billion-11545429653 \|url-access=subscription \|url-status=live \|archive-url=https://archive.today/20240511100315/https://www.wsj.com/articles/paychex-acquires-oasis-outsourcing-for-1-2-billion-11545429653 \|archive-date=11 May 2024 \|work=The Wall Street Journal \|department=Private Equity}}{{cite news \|last1=Prang \|first1=Allison \|date=26 November 2018 \|title=Paychex to Buy Human-Resources Firm Oasis for $1.2 Billion \|url=https://www.wsj.com/articles/paychex-to-buy-human-resources-firm-oasis-for-1-2-billion-1543244838 \|url-access=subscription \|work=The Wall Street Journal \|department=Business}}{{cite news \|last=Banerjee \|first=Arunima \|date=26 November 2018 \|editor-last=Dasgupta \|editor-first=Shounak \|title=Paychex to buy outsourcing firm Oasis for $1.2 billion \|url=https://www.reuters.com/article/us-oasis-m-a-paychex/paychex-to-buy-outsourcing-firm-oasis-for-1-2-billion-idUSKCN1NV1SC \|work=Reuters}}{{cite news \|last=Bandell \|first=Brian \|date=27 November 2018 \|title=Oasis Outsourcing to be acquired by PayChex \|url=https://www.bizjournals.com/southflorida/news/2018/11/27/oasis-outsourcing-to-be-acquired-by-public-company.html \|url-access=subscription \|url-status=live \|archive-url=https://archive.today/20230404203758/https://www.bizjournals.com/southflorida/news/2018/11/27/oasis-outsourcing-to-be-acquired-by-public-company.html \|archive-date=4 April 2023 \|work=South Florida Business Journal \|department=Professional Services}}
Paycor \| 2025 \| $4.1 billion \| {{Cite news \|last=Ojea \|first=Sabela \|date=7 January 2025 \|title=Paychex to Acquire Competitor Paycor HCM \|url=https://www.wsj.com/finance/investing/paychex-to-acquire-competitor-paycor-hcm-1b57567d \|url-access=subscription \|access-date=2025-03-21 \|work=The Wall Street Journal \|department=Markets & Finance, Investing \|language=en-US}}{{Cite news \|last=G \|first=Priyanka \|date=7 January 2025 \|title=Paychex to buy rival Paycor in $4.1 bln deal to expand AI-driven HR products \|url=https://www.reuters.com/markets/deals/paychex-buy-payroll-firm-paycor-41-bln-deal-2025-01-07/ \|access-date=20 March 2025 \|work=Reuters \|language=en-US}}{{Cite news \|last=Pethe \|first=Shrilekha \|date=7 January 2025 \|title=M&A News: Paychex (NASDAQ:PAYX) Will Acquire PYCR for $4.1B \|url=https://www.nasdaq.com/articles/ma-news-paychex-nasdaq-payx-will-acquire-pycr-41b \|access-date=20 March 2025 \|work=TipRanks \|department=Stocks \|language=en-US}}

class="wikitable"

Company

! Year

! Price

! Ref(s)

Pay-Fone

| 1995

| Undisclosed

Payday

| 1995

| Undisclosed

Olsen Computer Systems, Inc.

| 1996

| Undisclosed

|{{cite news |date=22 November 1996 |title=Paychex Acquires Olsen |url=https://www.latimes.com/archives/la-xpm-1996-11-22-fi-1681-story.html |url-access=limited |work=Los Angeles Times}}

National Business Solutions

| 1996

| $142.5 million

|{{cite news |date=26 June 1996 |title=Company News; Paychex Plans to Buy National Business Solutions |url=https://www.nytimes.com/1996/06/26/business/company-news-paychex-plans-to-buy-national-business-solutions.html |url-access=registration |url-status=live |archive-url=https://archive.today/20250321021939/https://www.nytimes.com/1996/06/26/business/company-news-paychex-plans-to-buy-national-business-solutions.html |archive-date=March 21, 2025 |work=The New York Times |pages=D4 |agency=Bloomberg News}}

Advantage Payroll Services, Inc.

| 2002

| $240 million

|{{cite news |date=19 September 2002 |title=Company News; Paychex to Buy Advantage Payroll for $240 Million |url=https://www.nytimes.com/2002/09/19/business/company-news-paychex-to-buy-advantage-payroll-for-240-million.html |url-access=limited |url-status=live |archive-url=https://archive.today/20250321022331/https://www.nytimes.com/2002/09/19/business/company-news-paychex-to-buy-advantage-payroll-for-240-million.html |archive-date=March 21, 2025 |work=The New York Times |pages=C4 |agency=Bloomberg News}}

InterPay Inc.

| 2003

| $155 million

|{{cite web |date=17 March 2003 |title=Paychex to acquire rival InterPay |url=https://www.bizjournals.com/albany/stories/2003/03/17/daily6.html |url-access=subscription |url-status=live |archive-url=https://archive.today/20250321022607/https://www.bizjournals.com/albany/stories/2003/03/17/daily6.html |archive-date=March 21, 2025 |work=American City Business Journals}}

Time In A Box product from Stromberg

| 2003

| Undisclosed

|{{cite news |date=16 October 2003 |title=Paychex Acquires Product Line From Stromberg |url=https://www.accountingtoday.com/news/paychex-acquires-product-line-from-stromberg |url-access=registration |work=Accounting Today}}

Stromberg

| 2004

| Undisclosed

|{{cite web |title=Paychex Completes Acquisition of Stromberg |url=https://www.accountingtoday.com/news/paychex-completes-acquisition-of-stromberg |website=Accounting Today |date=14 April 2004}}{{Cite news |last=Smith |first=David A. |date=14 April 2004 |title=Lake Mary, Fla.-Based Software Company Sold to Rochester, N.Y.-Based Paychex. |url=https://link.gale.com/apps/doc/A118293608/STND?u=txshrpub100020&sid=bookmark-STND&xid=63b0a884 |access-date=20 March 2025 |work=Republican-American}}

Hawthorne Benefit Technologies

| 2007

| Undisclosed

|{{cite news |date=13 September 2007 |title=Paychex announces acquisition of BeneTrac |url=https://www.reuters.com/article/idUSIN20070913110059PAYX20070913 |work=Reuters}}

SurePayroll, Inc.

| 2010

| $115 million

|{{cite news |last1=Yue |first1=Lorene |date=13 December 2010 |title=SurePayroll bought by rival Paychex for $115M |url=https://www.chicagobusiness.com/article/20101213/NEWS07/101219971/surepayroll-bought-by-rival-paychex-for-115m |url-access=subscription |url-status=live |archive-url=https://archive.today/20120722130748/http://www.chicagobusiness.com/article/20101213/NEWS07/101219971/surepayroll-bought-by-rival-paychex-for-115m#selection-619.1-616.1 |archive-date=22 July 2012 |work=Crain's Chicago Business}}

ePlan Services, Inc.

| 2011

| Undisclosed

|{{cite news |last1= |first1= |date=23 May 2011 |title=Paychex Gains From EPlan Deal, But Stock Still Too Rich |url=https://www.forbes.com/sites/greatspeculations/2011/05/23/paychex-gains-from-eplan-deal-but-stock-still-too-rich/#50a523082af7 |work=Forbes}}{{Cite news |date=3 May 2011 |title=Paychex Acquires ePlan Services |url=https://link.gale.com/apps/doc/A255239941/ITOF?u=txshrpub100020&sid=bookmark-ITOF&xid=37b7b289 |access-date=20 March 2025 |work=Business Wire}}

Icon Time Systems

| 2012

| Undisclosed

|{{cite news |last1=Dougherty |first1=Nate |title=Paychex acquires Icon Time Systems |url=https://rbj.net/2012/01/09/paychex-acquires-icon-time-systems/ |work=Rochester Business Journal |date=9 January 2012}}

ExpenseWire

| 2012

| Undisclosed

| {{Cite web |last=Treadway |first=Clint |date=2012-12-03 |title=Paychex Acquires ExpenseWire |url=https://www.cpapracticeadvisor.com/2012/12/03/paychex-acquires-expensewire/8947/ |access-date=2025-01-23 |website=CPA Practice Advisor |language=en-US}}

myStaffingPro

| 2013

| Undisclosed

| {{Cite press release |title=Paychex Announces Acquisition of myStaffingPro |date=June 12, 2013 |publisher=Business Wire |url=https://www.businesswire.com/news/home/20130612005864/en/Paychex-Announces-Acquisition-of-myStaffingPro |archive-url=https://web.archive.org/web/20250304001056/https://www.businesswire.com/news/home/20130612005864/en/Paychex-Announces-Acquisition-of-myStaffingPro |archive-date=4 March 2025}}

NETtime solutions

| 2014

| Undisclosed

|{{cite news |last1= |first1= |date=19 June 2014 |title=Paychex Expands Its Software-As-A-Service Based Solutions By Acquiring Nettime |url=https://www.forbes.com/sites/greatspeculations/2014/06/19/paychex-expands-its-software-as-a-service-based-solutions-by-acquiring-nettime/#28ca760c6b99 |url-access=limited |url-status=live |archive-url=https://archive.today/20250321024427/https://www.forbes.com/sites/greatspeculations/2014/06/19/paychex-expands-its-software-as-a-service-based-solutions-by-acquiring-nettime/ |archive-date=March 21, 2025 |work=Forbes}}

Advance Partners

| 2015

| Undisclosed

| {{cite news |date=23 December 2015 |title=Paychex (PAYX) Completes Advance Partners Acquisition |url=https://www.nasdaq.com/articles/paychex-payx-completes-advance-partners-acquisition-2015-12-23 |work=Nasdaq}}

Human Resources Outsourcing, Inc.

| 2017

| Undisclosed

| {{cite news |title=Paychex acquires HR Outsourcing, Inc. |url=https://www.rochesterfirst.com/news/local-news/paychex-acquires-hr-outsourcing-inc |work=RochesterFirst |date=21 August 2017}}

Lessor Group

| 2018

| Undisclosed

| {{cite news |last1=Fanelli |first1=Gino |title=Paychex acquires Lessor Group |url=https://rbj.net/2018/03/01/paychex-acquires-lessor-group/ |work=Rochester Business Journal |date=1 March 2018}}

Oasis

| 2018

| $1.2 billion

| {{cite news |date=21 December 2018 |title=Paychex Acquires Oasis Outsourcing for $1.2 Billion |url=https://www.wsj.com/articles/paychex-acquires-oasis-outsourcing-for-1-2-billion-11545429653 |url-access=subscription |url-status=live |archive-url=https://archive.today/20240511100315/https://www.wsj.com/articles/paychex-acquires-oasis-outsourcing-for-1-2-billion-11545429653 |archive-date=11 May 2024 |work=The Wall Street Journal |department=Private Equity}}{{cite news |last1=Prang |first1=Allison |date=26 November 2018 |title=Paychex to Buy Human-Resources Firm Oasis for $1.2 Billion |url=https://www.wsj.com/articles/paychex-to-buy-human-resources-firm-oasis-for-1-2-billion-1543244838 |url-access=subscription |work=The Wall Street Journal |department=Business}}{{cite news |last=Banerjee |first=Arunima |date=26 November 2018 |editor-last=Dasgupta |editor-first=Shounak |title=Paychex to buy outsourcing firm Oasis for $1.2 billion |url=https://www.reuters.com/article/us-oasis-m-a-paychex/paychex-to-buy-outsourcing-firm-oasis-for-1-2-billion-idUSKCN1NV1SC |work=Reuters}}{{cite news |last=Bandell |first=Brian |date=27 November 2018 |title=Oasis Outsourcing to be acquired by PayChex |url=https://www.bizjournals.com/southflorida/news/2018/11/27/oasis-outsourcing-to-be-acquired-by-public-company.html |url-access=subscription |url-status=live |archive-url=https://archive.today/20230404203758/https://www.bizjournals.com/southflorida/news/2018/11/27/oasis-outsourcing-to-be-acquired-by-public-company.html |archive-date=4 April 2023 |work=South Florida Business Journal |department=Professional Services}}

Paycor

| 2025

| $4.1 billion

| {{Cite news |last=Ojea |first=Sabela |date=7 January 2025 |title=Paychex to Acquire Competitor Paycor HCM |url=https://www.wsj.com/finance/investing/paychex-to-acquire-competitor-paycor-hcm-1b57567d |url-access=subscription |access-date=2025-03-21 |work=The Wall Street Journal |department=Markets & Finance, Investing |language=en-US}}{{Cite news |last=G |first=Priyanka |date=7 January 2025 |title=Paychex to buy rival Paycor in $4.1 bln deal to expand AI-driven HR products |url=https://www.reuters.com/markets/deals/paychex-buy-payroll-firm-paycor-41-bln-deal-2025-01-07/ |access-date=20 March 2025 |work=Reuters |language=en-US}}{{Cite news |last=Pethe |first=Shrilekha |date=7 January 2025 |title=M&A News: Paychex (NASDAQ:PAYX) Will Acquire PYCR for $4.1B |url=https://www.nasdaq.com/articles/ma-news-paychex-nasdaq-payx-will-acquire-pycr-41b |access-date=20 March 2025 |work=TipRanks |department=Stocks |language=en-US}}

=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.{{cite news |last1=Karol |first1=Gabrielle |date=9 January 2016 |title=Paychex, IHS Launch Small Business Jobs Index |url=https://www.foxbusiness.com/features/paychex-ihs-launch-small-business-jobs-index |access-date=5 September 2020 |work=Fox Business}}

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.{{Citation needed|reason=Independent citation needed|date=September 2020}}{{cite web |title=Small Business Employment Watch provided by Paychex {{!}} IHS Markit |url=https://www.paychex.com/employment-watch/#!/jobs-index/ |website=www.paychex.com |access-date=5 September 2020 |language=en}}{{Self-published source|date=September 2020}}

The Employment Watch is frequently used by financial experts, analysts, and journalists assessing the economic outlook.{{cite news |last1=Carney |first1=John |date=30 June 2015 |title=Don't Look for Paychex to Bounce |url=https://www.wsj.com/articles/dont-look-for-paychex-to-bounce-1435687562 |url-access=subscription |url-status=live |archive-url=https://archive.today/20240719203018/https://www.wsj.com/articles/dont-look-for-paychex-to-bounce-1435687562 |archive-date=19 July 2024 |access-date=5 September 2020 |work=The Wall Street Journal}}

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.{{cite news |last1=Clifford |first1=Tyler |date=2 October 2019 |title=Paychex CEO tells Jim Cramer that small business hiring picked up in September despite slowdown worries |url=https://www.cnbc.com/2019/10/02/paychex-ceo-small-business-hiring-picked-up-despite-slowdown-worries.html |access-date=5 September 2020 |work=CNBC |language=en}}

=Awards and honors=

Paychex named to HR Examiner's 2020 Watchlist for the use of AI in HR{{cite web |last1=Sumser |first1=John |title=The HRExaminer 2020 Watchlist: Paychex – Payroll and Basic HR Services |url=https://www.hrexaminer.com/the-hrexaminer-2020-watchlist-paychex-payroll-and-basic-hr-services/ |archive-url=https://web.archive.org/web/20240810101836/https://www.hrexaminer.com/the-hrexaminer-2020-watchlist-paychex-payroll-and-basic-hr-services/ |archive-date=10 August 2024 |access-date=9 September 2020 |website=HR Examiner}}
In 2019, Paychex was named to the FORTUNE list of Future 50 companies{{cite news |title=Paychex |url=https://fortune.com/future-50/2019/paychex/ |access-date=9 September 2020 |work=Fortune |language=en}}
Paychex was listed as number 211 on Forbes 2019 list of the World's Best{{cite news |title=Paychex (PAYX) |url=https://www.forbes.com/companies/paychex/#7a1284c94826 |access-date=9 September 2020 |work=Forbes |language=en}}
In 2018, Paychex was named one of the World's Most Ethical Companies by Ethisphere for an 11th time{{cite web |title=Honorees 2020 |url=https://www.worldsmostethicalcompanies.com/honorees/ |website=Ethisphere® Institute {{!}} Good. Smart. Business. Profit.® |access-date=9 September 2020}}
In 2018, Forbes placed Paychex at number 76 on their list of the World's Most Innovative Companies
Rochester Democrat and Chronicle named Paychex one of the Best Places to Work in Rochester in 2016{{cite web |title=Top Workplaces {{!}} The Democrat and Chronicle |url=https://topworkplaces.com/publication/rochester/ |website=Top Workplaces |access-date=9 September 2020}}
Paychex Flex received the 2016 TekTonic Award from HRO Magazine for being a best-in-class mobile and cloud-based technology suite{{cite web |last1=Roth |first1=Audrey |title=2016 TekTonic Award Winners |url=https://www.hrotoday.com/news/enabling-technology/2016-tektonic-award-winners/ |website=HRO Today |access-date=9 September 2020 |date=8 June 2016}}

=Chief executives=

class="wikitable"
Name ! Tenure
Tom Golisano \| 1979 – October 2004
Jonathan J. Judge \| October 2004 – July 2010
Martin Mucci \| October 2010 – October 2022
John Gibson \| October 2022 − present{{cite web \|title=Paychex Names John Gibson As New CEO; Martin Mucci To Remain As Chairman \|url=https://www.nasdaq.com/articles/paychex-names-john-gibson-as-new-ceo-martin-mucci-to-remain-as-chairman \|access-date=23 June 2023 \|website=Nasdaq}}{{Cite news \|last=Deckert \|first=Andrea \|date=14 October 2022 \|title=Paychex expands board with addition of Gibson as new CEO. \|url=https://rbj.net/2022/10/14/paychex-expands-board-with-addition-of-new-ceo-gibson/ \|access-date=20 March 2025 \|work=Rochester Business Journal}}

class="wikitable"

Name

! Tenure

Tom Golisano

| 1979 – October 2004

Jonathan J. Judge

| October 2004 – July 2010

Martin Mucci

| October 2010 – October 2022

John Gibson

| October 2022 − present{{cite web |title=Paychex Names John Gibson As New CEO; Martin Mucci To Remain As Chairman |url=https://www.nasdaq.com/articles/paychex-names-john-gibson-as-new-ceo-martin-mucci-to-remain-as-chairman |access-date=23 June 2023 |website=Nasdaq}}{{Cite news |last=Deckert |first=Andrea |date=14 October 2022 |title=Paychex expands board with addition of Gibson as new CEO. |url=https://rbj.net/2022/10/14/paychex-expands-board-with-addition-of-new-ceo-gibson/ |access-date=20 March 2025 |work=Rochester Business Journal}}

References

External links

{{Official|https://www.paychex.com}}

{{Finance links

| name = Paychex, Inc.

| symbol = PAYX

| sec_cik = PAYX

| yahoo = PAYX

| google = PAYX

}}

[http://www.wolframalpha.com/input/?i=NASDAQ%3APAYX&lk=1&a=ClashPrefs_*Financial.NASDAQ%3APAYX- Wolfram Alpha Fundamentals & Financials]

Category:Financial services companies established in 1971

Category:Companies listed on the Nasdaq

Category:Companies based in Monroe County, New York

Category:Business services companies established in 1971

Category:Business services companies of the United States