Who is Paychex owned by?

Tom Golisano founded payroll giant Paychex in 1971 with just $3,000 and a credit card.

Is Paychex a real company?

Paychex is a human-capital services company that handles payroll, employee benefits, and other human resources functions as well as business insurance for small and medium-sized businesses.

Is Paychex a private company?

Paychex was founded in 1971 by Tom Golisano, who started the company with only $3,000. The operation grew to include 18 franchises and partnerships, which were eventually consolidated into one private company in 1979. Paychex held an initial public offering in 1983 and began trading on the NASDAQ (PAYX).

How does Paychex make money?

Paychex has 3 Revenue Sources: Payroll Processing: Paychex’s payroll processing services includes the calculation, preparation, and delivery of employee payroll checks. In addition, Paychex also provides employee payment, regulatory compliance , retirement services administration among other services.

Is Paychex a good company?

Is Paychex a good company to work for? Paychex has an overall rating of 3.8 out of 5, based on over 3,813 reviews left anonymously by employees. 74% of employees would recommend working at Paychex to a friend and 73% have a positive outlook for the business. This rating has been stable over the past 12 months.

How much do people make at Paychex?

The average estimated annual salary, including base and bonus, at Paychex is $136,934, or $65 per hour, while the estimated median salary is $133,904, or $64 per hour.

Is Paychex a good company to work for?

Is Paychex a good company to work for? Paychex has an overall rating of 3.8 out of 5, based on over 3,821 reviews left anonymously by employees. 74% of employees would recommend working at Paychex to a friend and 73% have a positive outlook for the business. This rating has been stable over the past 12 months.

Who are Paychex competitors?

Paychex competitors include ADP, Fiserv, Booz Allen Hamilton, Gusto and Oracle.

How big of a company is Paychex?

Paychex reached $4.1 billion in revenues, with a market capitalization of $36 billion as of May 28, 2021. The company crossed $2 billion in revenues in 2010 and $3 billion in 2017.