Latest news with #Paychex
Business Wire
a day ago
- Business
- Business Wire
Paychex Launches New Experience for Accountants
ROCHESTER, N.Y.--(BUSINESS WIRE)-- Paychex, Inc., an industry-leading human capital management (HCM) company, has introduced a new portal designed to provide accountants with quick access to critical client data, reporting, and insights for their business clients that use Paychex Flex®. Paychex Partner Pro redefines the way accountants can manage a book of business by providing proactive insights in a centralized view to help streamline workflows and strengthen client advisory services (CAS). 'Paychex Partner Pro provides a clear view into some of the most critical aspects of today's accounting operations, including aggregated client payroll and HR information, the ability to address outstanding issues, and, most importantly, identifying missing information that could help reduce potential penalties,' said Ted Jordan, Paychex vice president and general manager, HCM solutions – small market. 'These enhanced features ensure accountants have the tools they need to be more efficient and proactive for their clients.' Jordan continued, 'Paychex Partner Pro reinforces our long-standing commitment to improving the accountant experience through continuous innovation based on user needs and industry trends.' Accountants previously using Paychex's AccountantHQ (AHQ) can now seamlessly access the broad range of functionality of Paychex Flex through an intuitive dashboard with simplified workflows for a user experience that matches what their clients see. Paychex Partner Pro features include: Client search capabilities with the option to pin five clients to the main dashboard for easy access to key details Insights to identify clients with missing tax IDs, social security numbers, and/or missed payroll dates to stay ahead of potential issues Access to a dedicated hub that offers firms advanced and relevant customer specific insights Attendees of AICPA® & CIMA® Engage 25 in Las Vegas this June 9-12 can experience a demo of Paychex Partner Pro at the Paychex booth (#719) on the expo hall floor. Paychex experts will present in-person educational sessions during the conference that are Continuing Professional Education (CPE) credit eligible, including a session on Crafting a Winning HR Advisory Firm Strategy. For a complete overview of how to connect with Paychex at Engage 25, visit About Paychex Paychex, Inc. (Nasdaq: PAYX) is the digitally driven HR leader that is reimagining how companies address the needs of today's workforce with the most comprehensive, flexible, and innovative HCM solutions for organizations of all sizes. Offering a full spectrum of HR advisory and employee solutions, Paychex pays 1 out of every 11 American private sector workers and is raising the bar in HCM for nearly 800,000 customers in the U.S. and Europe. Every member of the Paychex team is committed to fulfilling the company's purpose of helping businesses succeed. Visit to learn more. Visit to learn more.
Business Wire
2 days ago
- Business
- Business Wire
U.S. Small Business Job Growth Remains Largely Unchanged in May
ROCHESTER, N.Y.--(BUSINESS WIRE)--In May, job growth in U.S. small businesses remained largely unchanged from April, according to the Paychex Small Business Employment Watch. The Small Business Jobs Index, which is a primary component of Paychex's monthly employment report for businesses with fewer than 50 employees, has continued to show steady, flat employment growth throughout 2025. Meanwhile, hourly earnings growth for U.S. small business workers reached a four-year low at 2.77% in May. 'Despite the rapidly changing news cycle, the underlying labor market remains fundamentally healthy, and small business owners have remained resilient,' said John Gibson, Paychex president and CEO. 'While inflation concerns remain for business owners, wage inflation in small businesses continued to moderate and reached a new four-year low in May.' Jobs Index and Wage Data Highlights At 99.81 in May, the national Small Business Jobs Index continued to report steady, flat employment growth in 2025. National hourly earnings growth (2.77%) for small business workers continued its slow descent to a new four-year low (May 2021: 2.74%). Three-month annualized hourly earnings growth (2.45%) fell to its lowest level since December 2020 (1.66%). The Midwest (100.19) has represented the strongest region for small business employment growth for the past year, while the West continues to lag all regions and reported an index level below 100 for the 14th consecutive month in May. Construction dropped 0.68 percentage points to a jobs index of 99.69 in May, marking its lowest level since March 2021. Job growth in the Leisure and Hospitality industry remained last among sectors for the fourth consecutive month at 98.18 in May. More Information For more information about the Paychex Small Business Employment Watch, visit the website and sign up to receive monthly Employment Watch alerts. *Information regarding the professions included in the industry data can be found at the Bureau of Labor Statistics website. About the Paychex Small Business Employment Watch The Paychex Small Business Employment Watch is released each month by Paychex, Inc. Focused exclusively on businesses with fewer than 50 workers, the monthly report offers analysis of national employment and wage trends and examines regional, state, metro, and industry sector activity. Drawing from the payroll data of approximately 350,000 Paychex clients, this powerful industry benchmark delivers real-time insights into the small business trends driving the U.S. economy. The jobs index is scaled to 100, which represents no year-over-year change in job growth among same store businesses. Index values above 100 represent new jobs being added, while values below 100 represent jobs being lost. About Paychex Paychex, Inc. (Nasdaq: PAYX) is the digitally driven HR leader that is reimagining how companies address the needs of today's workforce with the most comprehensive, flexible, and innovative HCM solutions for organizations of all sizes. Offering a full spectrum of HR advisory and employee solutions, Paychex pays 1 out of every 11 American private sector workers and is raising the bar in HCM for nearly 800,000 customers in the U.S. and Europe. Every member of the Paychex team is committed to fulfilling the company's purpose of helping businesses succeed. Visit to learn more. Visit to learn more.
Yahoo
2 days ago
- Business
- Yahoo
U.S. Small Business Job Growth Remains Largely Unchanged in May
Hourly earnings growth reaches new four-year low ROCHESTER, N.Y., June 03, 2025--(BUSINESS WIRE)--In May, job growth in U.S. small businesses remained largely unchanged from April, according to the Paychex Small Business Employment Watch. The Small Business Jobs Index, which is a primary component of Paychex's monthly employment report for businesses with fewer than 50 employees, has continued to show steady, flat employment growth throughout 2025. Meanwhile, hourly earnings growth for U.S. small business workers reached a four-year low at 2.77% in May. "Despite the rapidly changing news cycle, the underlying labor market remains fundamentally healthy, and small business owners have remained resilient," said John Gibson, Paychex president and CEO. "While inflation concerns remain for business owners, wage inflation in small businesses continued to moderate and reached a new four-year low in May." Jobs Index and Wage Data Highlights At 99.81 in May, the national Small Business Jobs Index continued to report steady, flat employment growth in 2025. National hourly earnings growth (2.77%) for small business workers continued its slow descent to a new four-year low (May 2021: 2.74%). Three-month annualized hourly earnings growth (2.45%) fell to its lowest level since December 2020 (1.66%). The Midwest (100.19) has represented the strongest region for small business employment growth for the past year, while the West continues to lag all regions and reported an index level below 100 for the 14th consecutive month in May. Construction dropped 0.68 percentage points to a jobs index of 99.69 in May, marking its lowest level since March 2021. Job growth in the Leisure and Hospitality industry remained last among sectors for the fourth consecutive month at 98.18 in May. More Information For more information about the Paychex Small Business Employment Watch, visit the website and sign up to receive monthly Employment Watch alerts. *Information regarding the professions included in the industry data can be found at the Bureau of Labor Statistics website. About the Paychex Small Business Employment Watch The Paychex Small Business Employment Watch is released each month by Paychex, Inc. Focused exclusively on businesses with fewer than 50 workers, the monthly report offers analysis of national employment and wage trends and examines regional, state, metro, and industry sector activity. Drawing from the payroll data of approximately 350,000 Paychex clients, this powerful industry benchmark delivers real-time insights into the small business trends driving the U.S. economy. The jobs index is scaled to 100, which represents no year-over-year change in job growth among same store businesses. Index values above 100 represent new jobs being added, while values below 100 represent jobs being lost. About Paychex Paychex, Inc. (Nasdaq: PAYX) is the digitally driven HR leader that is reimagining how companies address the needs of today's workforce with the most comprehensive, flexible, and innovative HCM solutions for organizations of all sizes. Offering a full spectrum of HR advisory and employee solutions, Paychex pays 1 out of every 11 American private sector workers and is raising the bar in HCM for nearly 800,000 customers in the U.S. and Europe. Every member of the Paychex team is committed to fulfilling the company's purpose of helping businesses succeed. Visit to learn more. Visit to learn more. View source version on Contacts Media: Tracy VolkmannPaychex, Public Relations(585) 387-6705tvolkmann@ @Paychex Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
2 days ago
- Business
- CNBC
Paychex CEO John Gibson: Small businesses are 'a little frozen' right now
Paychex CEO John Gibson joins 'Squawk Box' to discuss the latest data from Paychex's Small Business Jobs Index.
Forbes
2 days ago
- Business
- Forbes
Will Paychex Stock Rise On Its Upcoming Earnings?
CHONGQING, CHINA - MARCH 23: In this photo illustration, the Paychex logo is displayed on a ... More smartphone screen, with the company's latest stock market performance and candlestick charts visible in the background, highlighting Paychex's real-time financial trends, stock price fluctuations, market volatility, and investment developments within the payroll services, human resources, and financial technology sectors, on March 23, 2025 in Chongqing, China. (Photo by) Paychex (NASDAQ:PAYX) is preparing to announce its earnings at the close of June. The consensus forecast anticipates earnings of approximately $1.20 per share, an increase from $1.12 in the same quarter last year, while revenues are projected to rise by about 6.5% year-over-year to $1.38 billion. This growth is expected to be fueled by sustained strength in the company's core Management Solutions and Professional Employer Organization (PEO) services, with operating margins likely trending upward, driven by the application of technology and data analytics, along with improved cross-selling of products. The company boasts a current market capitalization of $57 billion. Its revenue over the past twelve months was $5.4 billion, operating profitably with $2.3 billion in operating profits and net income of $1.7 billion. Nevertheless, for those seeking upside with less volatility than individual stocks, the Trefis High Quality portfolio offers an alternative, having outperformed the S&P 500 and delivered returns surpassing 91% since its inception. See earnings reaction history of all stocks Here are some insights regarding one-day (1D) post-earnings returns: Additional information regarding observed 5-Day (5D) and 21-Day (21D) returns following earnings is compiled along with the statistics in the table below. PAYX 1D, 5D, and 21D Post Earnings Return A relatively lower-risk strategy (though not effective if the correlation is weak) involves understanding the relationship between short-term and medium-term returns after earnings, identifying the pair with the highest correlation, and making the appropriate trade. For instance, if 1D and 5D exhibit the highest correlation, a trader can position themselves as 'long' for the next 5 days if the 1D post-earnings return is positive. Below is some correlation data based on a 5-year and a 3-year (more recent) history. It is noteworthy that the correlation 1D_5D refers to the correlation between 1D post-earnings returns and subsequent 5D returns. PAYX Correlation Between 1D, 5D, and 21D Historical Returns Discover more about Trefis RV strategy, which has outperformed its all-cap stocks benchmark (a combination of all three: the S&P 500, S&P mid-cap, and Russell 2000), yielding strong returns for investors. Additionally, if you're seeking upside with a smoother journey than an individual stock like Paychex, consider the High Quality portfolio, which has outperformed the S&P and achieved over 91% returns since its inception.
