Paychex

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Paychex, Inc. is a recognized leader in the payroll, human resource, and benefits outsourcing industry, with a steadfast commitment to success and a record of achievement that continues a tradition of delivering excellence. Mission: The company was founded in 1971 by B. Thomas Golisano with just $3,000 and a good idea – to make payroll outsourcing easy and affordable for small businesses. From those early days with just one employee, Paychex now has more than 16,000 employees serving more than half a million small- to medium-sized businesses nationwide. Paychex serves approximately 700,000 clients across more than 100 locations and pays one out of every 12 American private sector employees. The company offers an ever-growing variety of payroll and human resource products and services that help clients do what they do best — run their business. With a wide range of services – including payroll processing, retirement services, insurance, and a fully outsourced human resource solution – Paychex customizes its offering to the client’s business, whether it is small or large, simple or complex.

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4.2

Overall Excellence Rating

Industry

HR Services

Category

HR Management & Payroll Services

ESG/Ethical Impact

Our commitment to doing things the right way permeates every aspect of our business, as you’ll see throughout this report. It begins in the Ethics section, with the policies and sound business practices we’ve put in place to protect our clients, business, and employees. And we see it in our responsibility to the planet, whether through grassroots employee cleanup and recycling efforts or through our ambition to reach net-zero greenhouse gas (GHG) emissions by 2050, as you’ll learn in the Environment section. At the heart of what we do for our clients, community, and planet is our 15,000 employees, who display the Paychex values of integrity, service, innovation, partnership, accountability, and respect, whether they’re helping a small business apply for a PPE loan, cleaning up a beachfront with teammates, or contributing to a fund for colleagues in India impacted by COVID-19. I’m so very proud of how, time after time since the start of the pandemic, they rose to the challenges before them. Ethics are at the core of how we put good to work in everything we do. Guided by our values, one of the most important of which is integrity, we are committed to achieving the highest levels of ethical standards and performance in every aspect of our business. Appreciating our diversity of talent, skills, and experiences is an important part of our respect value, and one of the ways we can Be Paychex. In FY21, Paychex participated in United Way of Greater Rochester’s 21-Day Racial Equity Challenge designed to increase awareness of important issues and strengthen our capacity to dismantle all forms of racism. Originally developed by racial justice educators, the program has been embraced by communities and organizations across the country to help people develop a deeper understanding of how inequity and racism affect our lives and communities. Additionally, since October 2020, our CEO Martin Mucci has been a signatory for the CEO Action for Diversity & InclusionTM pledge. This pledge demonstrates how DE&I are top priorities at the company and exemplifies the support from Paychex leadership. In addition, transparency is an important part of the DE&I and belonging journey. We are proud of the progress made so far and look forward to continued journey toward measurable and sustainable progress. Paychex Charitable Foundation continued its company legacy of philanthropy and our commitment to giving back to the communities where our clients and employees live and work. The foundation has provided financial support to over 100 organizations that support diverse communities and initiatives.

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Awards Received

2023

Revenues

$4,600,000,000.00

Website Traffic

Employee Rating

3.8

Customer Rating

4.2

Company Size

10000+

ESG Risk Rating

4

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