Paychex, Inc. (Nasdaq: PAYX) is a leading provider of integrated human capital management solutions for payroll, benefits, human resources, and insurance services. Founded in 1971, Paychex serves approximately 740,000 customers in the US and Europe.
Paychex offers a comprehensive suite of services including:
Payroll processing
HR services and consulting
Employee benefits administration
Time and attendance tracking
Recruiting and applicant tracking
Business insurance
Retirement services
The company's flagship cloud-based platform, Paychex Flex, provides an integrated solution for payroll, HR, benefits, time and attendance, and more. Paychex also offers professional employer organization (PEO) services through Paychex HR PEO.
In fiscal year 2023, Paychex reported total revenue of USD 5.0 billion, an increase of 9% from the previous year. The company has over 16,000 employees and pays one out of every 12 American private sector employees.
Paychex continues to invest in product development, technology, and marketing to drive growth. The company aims to help businesses succeed by providing technology-enabled services and HR expertise to support critical business functions. With its comprehensive solutions and focus on customer service, Paychex is well-positioned to serve the evolving needs of businesses of all sizes.
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