Paychex Rcx (2024)

FAQs

What is the Paychex controversy? ›

The data breach occurred when Paychex attempted to exchange information with the State of California and instead permitted access to an unauthorized individual, the complaint reads. The plaintiff seeks injunctive relief, damages, restitution, costs and attorneys' fees for the affected class, according to the complaint.

The hiring process at Paychex takes an average of 21.78 days when considering 924 user submitted interviews across all job titles. Candidates applying for Zone Manager had the quickest hiring process (on average 1 day), whereas Customer Service Supervisor roles had the slowest hiring process (on average 120 days).

ADP includes payroll with direct deposit, a self-service employee platform and new hire onboarding along with other useful HR features. However, it's a bit more expensive than Paychex, which offers similar services. Paychex is regarded as the better choice for SMBs.

(March 4, 2024) – Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, has been named among one of the 2024 World's Most Ethical Companies^® on Ethisphere's annual list.

In March 2024, Paychex, Inc. experienced a data breach during a routine exchange of information with the State of California. The breach led to the inadvertent disclosure of personal data, including full names and Social Security numbers, to an unauthorized individual.

The minimum wage in California, effective January 1, 2024, is $16.00/hour for all employers.

Ratings distribution

Paychex has an employee rating of 3.6 out of 5 stars, based on 3,137 company reviews on Glassdoor which indicates that most employees have a good working experience there.

Paychex reports all new hires to the employer's home state regardless of where the employees live.

Clients rate Paylocity higher than Paychex for Quality of Support and Quality of Doing Business on G2.

Companies using Paychex Flex for Payroll include: Bank of America, a United States based Banking and Financial Services organisation with 212000 employees and revenues of $98.58 billion, Wells Fargo, a United States based Banking and Financial Services organisation with 222544 employees and revenues of $82.60 billion, ...

Who is better than Paychex? ›

Best Paychex alternative overall: Gusto. Best for QuickBooks users: QuickBooks Payroll. Best PEO option: Justworks. Best for growth: Rippling.

Managing complex employee benefits requires understanding regulations, analyzing costs, and evaluating effectiveness. Accurately calculating and accounting for deductions is crucial in payroll management. Handling multiple payment methods and schedules adds complexity to payroll management.

Under payroll mistakes law, employers must pay their employees all the wages they have earned. If there is an error, they must correct it. If your employer does not respond to your notification or fails to correct the error in a timely manner, it may be necessary to seek legal advice.

Especially when you consider EY found businesses using a traditional payroll process — one that doesn't let employees verify their pay's accuracy before it runs — can expect a 20% error rate.

Is Paychex legit? Paychex is a widely used business solutions platform that has been offering payroll and HR services to businesses across the country since the 1970s. It provides a wide variety of services and price points, an innovative mobile app and 24/7 customer support.

It's empowering our Employees through well-being, inclusion, and diversity. It's giving back and making a positive impact in our communities. It's serving as a good steward of the environment. It's a commitment to ethics and doing business the right way for ourselves and our clients.

Despite this beat, PAYX stock declined over 6% yesterday. This drop might be due to the company's outlook for Fiscal 2025, which indicates slower growth compared to previous years. Paychex provides payroll, human resources, and outsourcing services for businesses.

Paychex Flex Review

For the most part positive. Over the years the number one overall best thing about Paychex is their customer service. The platform is easy to use and for the most part user friendly but their customer service is great! For the most part well integrated and easy to use.