Paychex is a medium sized company in Upstate New York that is traded on a national scale. In the world of payroll companies, it is significantly successful, and they are a model for companies on how to do payroll. A majority of small and medium sized business owners are looking for payroll solutions because they have been expending significant effort in maintaining their employee payroll that should and could be used to develop their product, marketing strategy, or customer service. More than a third of CPAs agree with this assertion, that entrepreneurs would be better off managing their businesses than working with payroll. Especially when working with benefits like 401(k) plans and insurance that is integrated with payroll, the business owner can avoid expensive mistakes by outsourcing their payroll services.
Employee payroll services through Paychex include a number of services that a single person cannot manage if they do their own payroll. The pen and paper system that most small business owners use causes undue work and effort to be expended with mathematics, and Paychex can offer payroll software and electronic time and labor systems that keep track of the same data. This helps to keep accurate track of labor expenses and find where the bottom line can be lowered. It helps companies to maintain better records of employees’ hours and comply with labor laws. The automation of time and labor systems also diminishes the potential for error in an employee’s paycheck or benefits. The software for employee payroll services can be customized for your company’s needs.
Their use of new technology in employee payroll services is not limited to the electronics used to track you labor expenses. Paychex offers online payroll access, so that employees themselves can access their W2 forms, stubs, and other payroll information without needing to ask the employer himself. Along with these online employee payroll services, Paychex has a mobile app for Android, Blackberry, and iOS that accomplishes similar goals on employees’ mobile devices.