How big is Paychex?

Paychex achieved revenue of $4.1 billion with a market capitalization of $36 billion as of May 31, 2021. We grew our payroll client base by 4\% year-over-year, while the number of worksite employees we serve through our HR solutions and professional employer organization (PEO) grew by 18\% to 1.7 million.

When was Paychex founded?

1971
Paychex/Founded

Paychex was founded in 1971 with an insight by B. Thomas Golisano. Payroll is complex for small and medium-sized businesses and Paychex can make it simple. We were the original disruptors, starting small but thinking big.

Is Paychex a good company?

On average, employees at Paychex give their company a 3.8 rating out of 5.0 – which is 3\% lower than the average rating for all companies on CareerBliss. The happiest Paychex employees are Sales Consultants submitting an average rating of 4.5 and Senior Payroll Specialists with a rating of 3.9.

Who owns the company Paychex?

Tom Golisano
Tom Golisano founded payroll giant Paychex in 1971 with just $3,000 and a credit card. He served as CEO until 2004 and remains chairman of the publicly-traded company. Born in Rochester, New York, to a macaroni salesman and a seamstress, Golisano ran for governor three times under the Independence Party of New York.

What is Paychex mission?

Paychex Mission Statement We will be the leading provider of payroll, human resource, and employee benefit services by being an essential partner with America’s businesses.

Who are Paychex competitors?

Paychex competitors include ADP, Booz Allen Hamilton, Gusto, Fiserv and Oracle.

What is Paychex go?

Paychex Go. Log in to access your dashboard, run payroll, and view reports from our simple, online payroll service. Not for Paychex Flex users. eServices. Employees not using Paychex Flex or MyPaychex may log in here to access access their W-2s, check stubs, and personal information.

What is Paychex used for?

The Power of Paychex Paychex can help the owners and HR managers of small to medium-sized businesses manage employee records, streamline talent management, and access critical data to help them make informed business decisions with confidence.

How does Paychex make money?

Paychex has 3 Revenue Sources: Payroll Processing: Paychex’s payroll processing services includes the calculation, preparation, and delivery of employee payroll checks. In addition, Paychex also provides employee payment, regulatory compliance , retirement services administration among other services.

How many companies use Paychex?

We have data on 13,004 companies that use Paychex. The companies using Paychex are most often found in United States and in the Hospital & Health Care industry. Paychex is most often used by companies with 50-200 employees and 1M-10M dollars in revenue.

How much do Paychex sales reps make?

The average Paychex Sales Rep earns $104,716 annually, which includes a base salary of $56,716 with a $48,000 bonus.

Who is the founder of Paychex?

Paychex was founded by B. Thomas Golisano, who still heads the company. In 1971, Golisano worked as a sales manager at Electronic Accounting Systems (EAS), a payroll processing company based in Rochester, New York. EAS aimed its services at large companies with at least 50 employees.

How big was Paychex when it went public?

The company raised $7.7 million, which was used to fuel further expansion. By 1986, Paychex had close to 60,000 clients. The company had 58 offices in 32 states. Sales doubled to $51 million in the three years since the public offering. The company was far bigger than Golisano’s former employer, EAS.

Why choose Paychex?

Paychex was founded in 1971 with an objective of providing timely, accurate, and affordable payroll-related services to American business. Focused on that goal, the company and its employees have been successfully serving clients and their employees while achieving consistent growth and strong financial performance for shareholders.

When was Paychex added to the S&P 500?

1998: The firm is added to the S&P 500. 2001: Paychex posts its eleventh consecutive year of record revenues and net income. Paychex, Inc. is the second-largest payroll accounting service in the United States, just behind competitor Automatic Data Processing Inc. (ADP). The company processes payrolls for over 375,000 businesses nationwide.