Paychex

Overview

Paychex is a United States-based company founded in 1971, specializing in human resources software within the software industry. With a workforce exceeding 10,001 employees and substantial revenue, Paychex focuses on providing solutions in HR, payroll, benefits, and insurance. A notable area of expertise highlighted in their published content is workplace retirement plans. Their recent report, "The Road to Retirement," discusses the challenges faced by U.S. employers in offering retirement plans, noting that less than half of employers currently provide such options. The report emphasizes the importance of retirement savings for employees and outlines trends and legislative changes affecting workplace retirement programs, including the implications of the SECURE Act and state mandates for small businesses. Paychex aims to assist employers in navigating these complexities to enhance retirement readiness among employees, reflecting a commitment to addressing the evolving needs of the workforce in relation to retirement planning and benefits.

Industry