( ) is a payroll
approximately 572,000 businesses nationwide. The company is
headquartered in Rochester,
NY and has more than 100 locations across the
The company provides services such as calculating
payroll, filing tax payments, administering retirement plans and
handling workers' compensation.
Paychex was founded by B.
in 1971. Golisano
started the company with $3,000 and the idea to make payroll
outsourcing easy and affordable for small businesses. He saw an
untapped market of American businesses with fewer than 100
employees, and went to his employer at the time, a regional payroll
processor for big businesses, with his plan. The company wasn't
interested, and Golisano started Paychex, employing only
The operation grew to include 18 franchises and partnerships, which
were eventually consolidated into one private company in 1979. In
1983, Paychex went public and began trading on The NASDAQ Stock
Market. Since then, Paychex has registered a record of steady
growth. In fiscal 2008, Paychex revenues exceeded $2 billion.
Awards & Recognition
Paychex ranked number 39 on FORTUNE's 12th annual "100 Best
Companies to Work For" list in 2009. It also appeared on the 2002,
2003, 2004, 2007, and 2008 lists.