Paychex Named Among FORTUNE’s Most Innovative Companies
March 26 2024 - 9:30AM
Business Wire
Paychex, Inc., a leading provider of integrated human capital
management software solutions for human resources, employee
benefits, insurance services, and payroll, has been recognized on
FORTUNE® magazine's list of America’s Most Innovative Companies for
the second consecutive year. Paychex was awarded for the company’s
commitment to industry-leading HR solutions while fostering a
culture of innovation. The list presented by FORTUNE and Statista,
Inc., features 200 top-scoring U.S.-based organizations.
“It’s an honor to again be named one of America’s Most
Innovative Companies, which underscores our commitment to being the
digitally driven HR leader,” said John Gibson, Paychex president
and CEO. “Innovation is core to our mission of helping businesses
succeed. We continue to invest in new and innovative solutions that
address our customers' business challenges. Every day we see that
business owners in the U.S need help attracting and retaining their
employees. They also need access to affordable benefits and sources
of capital to better manage their cashflow.”
Gibson added, “We work to digitize their HR experience to not
only drive greater efficiencies but also to create measurable value
for them and their employees.”
Central to the company’s commitment to innovation, Paychex Flex®
is an all-in-one, cloud-based SaaS solution that helps to automate
and streamline payroll, benefits, workforce management, talent
management, and the employee experience. Backed by a national team
of HR professionals providing actionable advice to solve complex
workplace challenges, Paychex continues to enhance the technology
behind Paychex Flex to provide an optimal, secure user experience
for both employer administrators and employee users.
In addition, the Paychex culture of innovation is built on the
premise that learning and new ideas are encouraged and applied to
solve problems and create new opportunities. Some company
initiatives driving innovation include:
- Training and Employee Development: Paychex was recently
recognized, for the 23rd consecutive time, as one of the top
training organizations in the world with a 2024 Training APEX
Award. The company is focused on improving skills and providing
developmental opportunities for employees through innovative and
tailored training programs.
- Leveraging Technology: Paychex is committed to being a
data-rich, data-driven organization. The Paychex service team is
utilizing advanced technology and data-driven insights to optimize
the customer experience and help business customers implement the
right HCM solutions.
- Hackathons and Collaboration Events: Paychex product
designers and developers regularly participate in hackathons and
user experience summits to keep skills sharp, rethink existing
solutions, and solve challenges.
Evaluation criteria for the 2024 list of selected recipients
were based on product innovation, process innovation, and companies
with an innovation culture. Statista deployed online surveys where
employees could score their own company on a scale system.
Additionally, Statista surveyed experts in various fields—from
recruiters to management consultants and patent attorneys, while
also looking at IP portfolios to analyze the quantity and value of
company patents.
To see a full list of FORTUNE’s 2024 list of America’s Most
Innovative Companies, visit
fortune.com/ranking/americas-most-innovative-companies/.
About Paychex
Paychex, Inc. (Nasdaq: PAYX) is an industry-leading HCM company
delivering a full suite of technology and advisory services in
human resources, employee benefit solutions, insurance, and
payroll. The company serves approximately 740,000 customers in the
U.S. and Europe and pays one out of every 12 American private
sector employees. The more than 16,000 people at Paychex are
committed to helping businesses succeed and building thriving
communities where they work and live. To learn more, visit
paychex.com.
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Media Chelsea Wernick Public Relations Program Manager II
Office: (585) 216-2974 cwernick@paychex.com @Paychex
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