Paychex Infographic: U.S. Companies Improve HR Functions to Boost Workforce Productivity

  Paychex Infographic: U.S. Companies Improve HR Functions to Boost Workforce
  Productivity

   New infographic is based on data from a human-capital strategies survey
              sponsored by Paychex and conducted by CFO Research

Business Wire

ROCHESTER, N.Y. -- February 12, 2013

Paychex, Inc., a leading provider of payroll, human resource, and benefits
outsourcing solutions for small- to medium-sized businesses, released an
infographic today based on survey data that details how U.S. companies with 50
to 100 employees are boosting the productivity of their workforce by improving
human resource functions.

Paychex Infographic: U.S. Companies Improve HR Functions to Boost Workforce
Productivity

Paychex Infographic: U.S. Companies Improve HR Functions to Boost Workforce
Productivity

“Because of the new economic reality, American companies are doing more with
less by focusing more of their time and resources on improving productivity
and efficiency,” said Paychex president and CEO Martin Mucci. “As our new
infographic details, human resources are playing a greater role in maximizing
productivity, and technology is one of the primary tools being used to make
that happen. Paychex demonstrates its commitment to delivering the tools
America’s businesses need by investing in next-generation technology. Our
comprehensive suite of fully scalable workforce solutions automates the
management of the employee lifecycle through a single web-based client portal
that saves administrators time, while providing the control, flexibility, and
reliability their organization requires.”

The new Paychex infographic is available for download and embedding at
https://www.paychex.com/secure/one-source-solutions/cfo-request.aspx.

In addition to the data detailed in the new Paychex infographic, the
Human-Capital Strategies in a Slow Recovery survey provided the following
additional data:

When respondents were asked, “To what extent does your company plan to
increase or decrease hiring over the next two years?”, 64% of companies
answered that they would increase substantially or modestly while 25% of
companies answered that they would stay the same. Only 10% of companies said
they would decrease modestly, 0% decrease substantially, and 1% were not sure.

Going a step further, when companies were asked about their primary
motivations for hiring over the next few years, 54% of respondents cited
“increase production/sales capacity,” 40% cited “acquire specialized
knowledge, expertise, or technical skill experience,” 18% cited “acquire
specialized management skill/experience,” 18% cited “increase capacity in
support functions,” while only 11% cited “other” or “not sure.”

When asked, “To what extent do you agree with the statement: ‘Over the next
two years, my company will face substantial pressure to increase the size of
compensation/benefits packages offered to employees’?”, 51% of companies said
that they agree strongly or agree somewhat with the statement.

Respondents were also asked to complete the phrase, “In our industry,
competition for qualified employees is currently…”, 55% respondents stated
moderate, 24% stated intense, 18% stated minimal, and 4% states it depends or
not sure.

86% of respondents said they agree somewhat or agree strongly with the
following statement, “Over the next two years, our ability to attract,
develop, and retain qualified employees will be an important source of
competitive advantage for my company.” Only 9% disagreed and 4% of respondents
were not sure.

To download the results of the complete survey, visit
https://www.paychex.com/secure/one-source-solutions/cfo-request.aspx.

About the Paychex-CFO Research Survey: Human-Capital Strategies in a Slow
Recovery is a survey sponsored by Paychex and conducted by CFO Research, a
division of CFO Publishing, in July 2012. The survey is based on responses
from 164 senior finance executives in the United States who are employed at
companies with 50 to 100 employees.

About Paychex

Paychex, Inc. (NASDAQ:PAYX) is a leading provider of payroll, human resource,
and benefits outsourcing solutions for small- to medium-sized businesses. The
company offers comprehensive payroll services, including payroll processing,
payroll tax administration, and employee pay services, including direct
deposit, check signing, and Readychex®. Human resource services include 401(k)
plan recordkeeping, section 125 plans, a professional employer organization,
time and attendance solutions, and other administrative services for business.
A variety of business insurance products, including group health and workers'
compensation, are made available through Paychex Insurance Agency, Inc.
Paychex was founded in 1971. With headquarters in Rochester, New York, the
company has more than 100 offices serving approximately 567,000 payroll
clients as of May 31, 2012. For more information about Paychex and our
products, visit www.paychex.com.

Stay Connected with Paychex

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LinkedIn: http://www.linkedin.com/company/paychex/products

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Contact:

Media:
Paychex, Inc.
Tracy Van Auker, 585-387-6433
Public Relations Program Manager
tvanauker@paychex.com
@PaychexNews
or
Eric Mower + Associates
Tom Brede, 585-389-1870
Counselor, Public Relations & Public Affairs
tbrede@mower.com