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Headquarters: 911 Panorama Trail South
Rochester, NY 14625
Employees: 12,700
CEO: Martin Mucci
Stock Symbol: PAYX


Career Site

Paychex is a national provider of payroll, human resource, and benefits outsourcing solutions for businesses in the U.S. Paychex's core client is the small- to medium-sized company, but Paychex also meets the special needs of larger businesses with its Major Market Services.

The company offers comprehensive payroll services, including payroll processing, payroll tax administration, and employee pay services, including direct deposit, check signing, and Readychex. Human resource and benefits outsourcing services include 401(k) plan recordkeeping, workers' compensation administration, section 125 plans, a professional employer organization, and other administrative services for businesses.

Paychex is based in Rochester, NY, and has more than 100 locations around the country.

In fiscal 2013, Paychex revenues were $2.3 billion, a 4% increase, and net income was $569.0 million. The company reported more than 570,000 clients.


B. Thomas Golisano founded the company in 1971 with just $3,000 and a good idea how to make it easy and affordable for small businesses to outsource their payroll processing. He saw the huge untapped market: 98 percent of American businesses have fewer than 100 employees, something that still holds true today. Golisano went to his employer at the time, a regional payroll processor for big businesses, with his plan. The company wasn't interested, so Golisano struck out on his own. He launched Paychex with just one employee.

That single operation grew to include 18 franchises and partnerships, which were eventually consolidated into one private company in 1979. Four years later, in 1983, Paychex went public and began trading on The Nasdaq Stock Market.


Health Care
- Medical and Vision Benefits
- Prescription Drug Benefit
- Dental Benefit
- Flexible Spending Accounts for Medical/Dental and Dependent Care

Life Management Balance
- Tobacco Use Cessation Program
- Employee Assistance Program
- WellPower, Employee Wellness Program
- Professional Work and Life Services
- Travel Assistance Program
- Childcare Program
- Health Advocate
- Ergonomic Solutions

Employee Development
- University of Paychex Training Programs (Many programs are certified by the American Council on Education for
college credit.)
= Tuition Reimbursement and Textbook Allowances

Time Away From Work
- Vacation
- Floating Holidays
- Holiday Pay
- Family Leave

Income Protection
- Sick Pay
- Short- and Long-Term Disability
- Salary Continuation
- Workers' Compensation

Survivor Benefits
- Group Term Life Insurance
- Optional Employee Life Insurance
- Optional Dependent Life Insurance
- Business Travel Accident Insurance

Preparing for the Future
- 401(k) Retirement Savings Plan
- Employee Stock Purchase Plan
- Financial Fitness Education Program

Additional Benefits
- Service Awards and Peer Recognition Programs
- Relocation Assistance
- Internal Career Opportunities
- Referral Bonuses
- Career Counseling and Mentoring
- Employee Discounts
- Scholarship Program

Voluntary Benefits
- Group Auto and Home Insurance
- Banking Services
- Group Long Term Care Insurance

Updated April 7, 2014

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