Who Is This Vendor Assessment For? NelsonHall’s Payroll Services Vendor Assessment for Paychex is acomprehensive assessment of Paychex’ Payroll Service offering andcapabilities, designed for:
Sourcing managers monitoring the capabilities of existing suppliers ofpayroll outsourcing and identifying vendor suitability for payroll processoutsourcing RFPs Vendor marketing, sales, and business managers looking tobenchmark themselves against their peers Financial analysts and investors specializing in the support servicessector HR and payroll decision makers.
Key Findings & Highlights Paychex, founded in 1971, is a provider of payroll, HR and benefitsoutsourcing solutions for small to medium sized business in the U.S.Headquartered in Rochester New York, Paychex has ~100 offices acrossthe U.S. servicing ~605k clients. It also has a very small presence inGermany (through an acquisition) and Brazil (through a joint venture).Paychex has an employee base of ~13k, ~3.5k of whom are dedicated tosupporting payroll services. Paychex has offices in ~100 locations in theU.S. and pays one out of 12 American private sector employees.Paychex offers the following payroll services to its clients:
Payroll processing Payroll tax administration services Employee payment services Regulatory compliance servicesPaychex provides clients with a processing service. It pays ~10m clientemployees.
Scope of the Report The report provides a comprehensive and objective analysis of Paychex’spayroll outsourcing offering, capabilities, and market and financialstrength, including:
Identification of the company’s strategy, emphasis, and newdevelopments Analysis of the company’s strengths, weaknesses, and outlook Revenue estimates Analysis of the profile of the company’s customer base including thecompany’s targeting strategy and examples of current contracts Analysis of the company’s offerings and key service components Analysis of the company’s delivery organization including the location,size and scale of delivery locations and their activities.