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TL;DR - Paychex
- Unified HCM platform for payroll, HR, and benefits serving small to medium businesses
- One-click payroll processing with automated tax filing, direct deposits, and employee pre-check approval
- Comprehensive HR suite including recruiting, onboarding, time tracking, and performance management
Pricing: Paid only
Best for: Enterprises & pros
Score: 91/100
Pros & Cons
Pros
- Payroll provider
- Good for SMBs
- HR features
- Good support
- Established company
Cons
- UI dated
- Per-employee pricing
- Contract commitment
- Better modern alternatives
- Add-on pricing
Key Features
Payroll processingHR servicesBenefits administrationTime trackingRetirement plansCompliance support
Pricing Plans
Flex Essentials
$39/month
Plus $5/employee
- Basic payroll
- Tax filing
- Regulatory compliance
- HR library
Flex Select
Custom
- Everything in Essentials
- Additional HR tools
- Custom quote required
Flex Pro
Custom
- Everything in Select
- Garnishment payments
- QuickBooks, Xero integration
- Employee screening
- Unemployment insurance
About Paychex
By Toolradar Team·
Paychex is a comprehensive payroll and human resources platform serving businesses from startups to enterprises. The Paychex Flex platform provides cloud-based payroll processing, tax administration, employee benefits management, time tracking, and HR services through an integrated solution designed to simplify workforce management.
The platform handles the complexity of payroll compliance including tax calculations, filings, and payments across all jurisdictions where you have employees. Beyond payroll, Paychex offers hiring and onboarding tools, retirement plan administration, health insurance options, and a learning management system for employee training and development.
Paychex serves over 730,000 businesses with scalable solutions from basic payroll processing to full-service HR outsourcing through their PEO (Professional Employer Organization) offering. While pricing is customized based on company size and needs, the platform provides enterprise-grade features accessible to small businesses through tiered packages.
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Paychex FAQ
What is Paychex used for?
Paychex is used for payroll processing, tax administration, benefits management, time tracking, HR management, hiring/onboarding, and employee training. It serves as a comprehensive workforce management platform.
How much does Paychex cost?
Paychex Flex Essentials starts at $39/month plus $5/employee. Select and Pro plans use custom pricing. SurePayroll by Paychex offers small business payroll at $29/month plus $7/employee. Contact Paychex for quotes.
What is Paychex Flex?
Paychex Flex is the cloud-based platform that provides access to payroll, HR, benefits, and workforce management tools. It offers mobile access and integrates with popular accounting software.
Does Paychex handle tax filings?
Yes, Paychex handles all payroll tax calculations, filings, and payments including federal, state, and local taxes. They guarantee accuracy and handle any tax-related issues.
What size businesses does Paychex serve?
Paychex serves businesses of all sizes from solopreneurs to enterprises. They offer scaled solutions including basic payroll, comprehensive HR packages, and full PEO services for companies wanting to outsource HR entirely.
Source: paychex.com