PAYX - Paychex, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD

Paychex, Inc.

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

SectorIndustrials
IndustryBusiness Services
Full Time Employees14,500

Key Executives

NameTitlePayExercisedYear Born
Mr. Martin MucciPres, CEO & Director2.07M1.5M1960
Mr. Efrain RiveraSr. VP, CFO & Treasurer950.92kN/A1957
Mr. Mark A. BottiniSr. VP of Sales783.07kN/A1961
Mr. Michael E. GiojaSr. VP of Product Devel. & Information Technology857.82k4.37M1958
Mr. John B. GibsonSr. VP of Service854.66kN/A1967
Amounts are as of December 31, 2018 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Paychex, Inc. provides payroll, human resource (HR), retirement, and insurance services for small to medium-sized businesses in the United States and Europe. The company offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing. It also provides HR outsourcing services, including Paychex HR solutions comprising 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, the company offers insurance services for property and casualty coverage, such as workers' compensation, business-owner policies, and commercial auto, as well as health and benefits coverage, including health, dental, vision, and life; cloud-based HR administration software products for employee benefits management and administration, time and attendance, recruiting, and onboarding solutions; and other HR services and products, such as employee handbooks, management manuals, and personnel and required regulatory forms. Further, it provides various accounting and financial services to small to medium-sized businesses comprising payroll funding and outsourcing services, which include payroll processing, invoicing, and tax preparation; and various services, such as payment processing services, financial fitness programs, and a small-business loan resource center. The company markets its products and services through direct sales force. Paychex, Inc. was founded in 1979 and is headquartered in Rochester, New York.

Corporate Governance

Paychex, Inc.’s ISS Governance QualityScore as of November 1, 2018 is 3. The pillar scores are Audit: 1; Board: 8; Shareholder Rights: 2; Compensation: 5.

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 a 10 indicates higher governance risk.