Paychex, Inc. (PAYX)

114.59 +1.05 (+0.92%) At close: 04:00PM EDT

Paychex, Inc.

911 Panorama Trail South
Rochester, NY 14625-2396
United States
585 385 6666
https://www.paychex.com

Sector(s): Industrials
Industry: Staffing & Employment Services
Full-time employees: 16,000

Key executives

Name	Title	Pay	Exercised	Year born
Mr. John B. Gibson Jr.	Pres, CEO & Director	1.52M	2.22M	1967
Mr. Efrain Rivera DM, MBA	Sr. VP & CFO	1.44M	3.23M	1957
Mr. Mark A. Bottini	Sr. VP of Sales	1.4M	2.09M	1961
Mr. Michael E. Gioja	Sr. VP of Product Devel. & Information Technology	1.34M	N/A	1958
Mr. Bradley J. Schaufenbuel J.D., L.L.M.	VP & Chief Information Security Officer	N/A	N/A	1973
Mr. Robert L. Schrader	VP of Fin. & Investors Relations	N/A	N/A	1973
Ms. Stephanie L. Schaeffer	VP, Chief Legal & Ethics Officer and Corp. Sec.	N/A	N/A	1970
Mr. Frank Fiorille	VP of Risk, Compliance & Data Analytics	N/A	N/A	N/A
Neal Collins	VP of Corp. Devel. and MD of Mergers & Acquisitions	N/A	N/A	N/A
Maureen Lally	VP of Marketing	N/A	N/A	N/A

Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Paychex, Inc. provides integrated human capital management solutions for human resources (HR), payroll, benefits, and insurance services for small to medium-sized businesses in the United States, Europe, and India. It offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing. The company also provides HR solutions, including payroll, employer compliance, HR and employee benefits administration, risk management outsourcing, and the on-site availability of a professionally trained HR representative; and retirement services administration, including plan implementation, ongoing compliance with government regulations, employee and employer reporting, participant and employer online access, electronic funds transfer, and other administrative services. In addition, it offers cloud-based HR administration software products for employee benefits management and administration, time and attendance, digital communication solutions, recruiting, and onboarding solutions; plan administration outsourcing and state unemployment insurance services; various business services to small to medium-sized businesses comprising payroll funding and outsourcing services, which include payroll processing, invoicing, and tax preparation; and payment processing services, financial fitness programs, and a small-business loan resource center. Further, the company provides insurance services for property and casualty coverage, such as workers' compensation, business-owner policies, cyber security protection, and commercial auto, as well as health and benefits coverage, including health, dental, vision, and life. It markets and sells its services primarily through its direct sales force. The company was founded in 1971 and is headquartered in Rochester, New York.

Corporate governance

Paychex, Inc.’s ISS governance QualityScore as of 1 February 2023 is 2. The pillar scores are Audit: 1; Board: 8; Shareholder rights: 2; Compensation: 7.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.