Paychex, Inc. (PAYX) NASDAQ

151.12

-0.215(-0.14%)

Updated at May 09 11:09AM

Currency In USD

Paychex, Inc.

Address

911 Panorama Trail South

Rochester, NY 14625-2396

United States of America

Phone

585 385 6666

Sector

Industrials

Industry

Staffing & Employment Services

Employees

16500

First IPO Date

August 26, 1983

Key Executives

NameTitlePayYear Born
Mr. John B. Gibson Jr.President, Chief Executive Officer & Director1.78M1967
Mr. B. Thomas GolisanoFounder & Director272,5001942
Mr. Mark A. BottiniSenior Vice President of Sales822,8981961
Mr. Robert Lewis SchraderChief Financial Officer922,2051973
Mr. Michael E. GiojaSenior Vice President of Product Development & Information Technology936,0291958
Ms. Elizabeth RoaldsenSenior Vice President of Operations & Customer Experience1.04M1972
Mr. Jason RoseSenior Vice President of Digital Sales & Marketing0N/A
Mr. Mason ArgiropoulosChief Human Resources Officer01978
Mr. Thomas J. HammondManaging Director of Integration & Transformation0N/A
Ms. Prabha Sipi BhandariSenior Vice President, Chief Legal Officer, Chief Ethics Officer & Secretary01971

Description

Paychex, Inc. provides integrated human capital management solutions for human resources (HR), payroll, benefits, and insurance services for small to medium-sized businesses in the United States, Europe, and India. It offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing. The company also provides HR solutions, including payroll, employer compliance, HR and employee benefits administration, risk management outsourcing, and the on-site availability of a professionally trained HR representative; and retirement services administration, including plan implementation, ongoing compliance with government regulations, employee and employer reporting, participant and employer online access, electronic funds transfer, and other administrative services. In addition, it offers cloud-based HR administration software products for employee benefits management and administration, time and attendance, digital communication solutions, recruiting, and onboarding solutions; plan administration outsourcing and state unemployment insurance services; various business services to small to medium-sized businesses comprising payroll funding and outsourcing services, which include payroll processing, invoicing, and tax preparation; and payment processing services, financial fitness programs, and a small-business loan resource center. Further, the company provides insurance services for property and casualty coverage, such as workers' compensation, business-owner policies, cyber security protection, and commercial auto, as well as health and benefits coverage, including health, dental, vision, and life. It markets and sells its services primarily through its direct sales force. The company was founded in 1971 and is headquartered in Rochester, New York.