^ "#662 Fortune 1000 Revenue Rank Paychex, Inc".^ "2020 Paychex Flex Reviews, Pricing & Popular Alternatives".Paychex Flex received the 2016 TekTonic Award from HRO Magazine for being a best-in-class mobile and cloud-based technology suite.Rochester Democrat and Chronicle named Paychex one of the Best Places to Work in Rochester in 2016.In 2018, Forbes placed Paychex at number 76 on their list of the World's Most Innovative Companies.In 2018, Paychex was named one of the World's Most Ethical Companies by Ethisphere for an 11th time.Paychex was listed as number 211 on Forbes 2019 list of the World's Best.In 2019, Paychex was named to the FORTUNE list of Future 50 companies.Paychex named to HR Examiner's 2020 Watchlist for the use of AI in HR.Paychex CEO Martin Mucci regularly appears in the media to provide analysis of Small Business Employment Watch data, as well as insight into what the health of Paychex as a company says about the health of small business and the economy in general. The Employment Watch is frequently used by financial experts, analysts, and journalists assessing the economic outlook. Today, the Paychex | IHS Markit Small Business Employment Watch shares small business jobs data going back to 2005 and wage data from 2011 to present. Paychex and IHS Markit launched a Small Business Jobs Index in 2014 that measures the health of businesses employing 50 people or less. Following the acquisition of Oasis, Paychex provides HR outsourcing services to 1.4 million worksite employees.
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Oasis, a professional employer organization (PEO) brought 8,400 PEO clients, 1,100 employees, and an annual revenue that exceeded $9 billion in 2017. At the time of the Oasis acquisition, Paychex had 650,000 payroll clients and 14,500 employees. In December 2018, Paychex closed on its acquisition of Oasis Outsourcing Acquisition Corporation for $1.2 billion. In the first quarter of fiscal year 2020, the company repurchased $171.9 million of its own stockĪnd currently has a market capitalization of $30.155 billion. Paychex held an initial public offering in 1983 and began trading on the NASDAQ (PAYX). The operation grew to include 18 franchises and partnerships, which were eventually consolidated into one private company in 1979. Paychex was founded in 1971 by Tom Golisano, who started the company with only $3,000.
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