Martin Mucci Net Worth is2.1 $Million
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Logo: Image:Paychex logo.svg

Type: Public company

Traded As: PAYX, S&P 500

Foundation: 1971

Founder: B. Thomas Golisano

Location: Penfield, New York

Area Served: Continental U.S. and Germany

Key People: B. Thomas Golisano, Chairman, publisher

Industry: Business process outsourcing

Services: Payroll services, tax filing and tax credit services, 401(k) and employee benefits, insurance solutions, HR administration and compliance

Revenue: author

Operating Income: net income

Assets: equity

Num Employees: parent

Homepage: {{URL/www.paychex.com

Paychex, Inc. is a payroll and human resource service company which serves approximately 572,000 businesses in the US. The company is headquartered in Penfield, New York and has more than 100 locations across the country. The company provides services including Payroll Services, Time and Labor Management, HR Administration & Compliance, 401(k) Employee Benefits, Group Health Insurance, and Paychex HR Solutions.
Paychex was founded by Tom Golisano in 1971. Golisano started the company with $3,000[citation needed] 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 himself.
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 2011, Paychex revenues exceeded $2 billion, as mentioned on their website.
Paychex ranked number 54 on FORTUNE's 13th annual "100 Best Companies to Work For" list in 2010. It also appeared on the 2002, 2003, 2004, 2007, 2008 and 2009 lists. It did not appear on the 2011 list. Paychex is the #1 recordkeeper of 401Ks, with 52,000 plans. |url=http://media.paychex.com/news-releases/paychex-recognized-as-leading-provider-of-401k-recordkeeping-plans-in-us.htm Paychex is the preferred provider of the AICPA. |url: http://www.paychex.com/accounting-professionals/partners/

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Martin Mucci Latest News

Paychex Acquires HR Outsourcing, Inc. (HROI)

The combination of Paychex's experience, knowledge, and resources with the experience and fast-paced growth of HROI positions us to have an even stronger presence in the industry," says Martin Mucci, Paychex president and CEO. "We are excited about the ...
Posted: August 21, 2017, 10:14 am

Paychex Earnings Call Insights: Bookings Growth Details and Business Creation

Martin Mucci – President and CEO: David we don’t get that specific but I will tell you that it certainly the best new revenue we’ve seen in a number of years, new sales revenue on the Core payroll side in particular and where we put a lot of efforts.
Posted: March 31, 2013, 3:12 pm

Paychex's (PAYX) CEO Martin Mucci on Q4 2017 Results - Earnings Call Transcript

Welcome and thank you for standing by. At this time, all participants are in a listen-only mode until the Q&A session of today's conference. [Operator Instructions]. This call is being recorded. If you have any objections, you may disconnect at this point.
Posted: June 28, 2017, 2:30 am

Paychex Survey shows decline in job growth, but wages went up in June

That’s a trend that Paychex CEO Martin Mucci says this survey has seen over the last few months. June marked four consecutive months of decline nationwide in small business job growth, but national hourly wages were up nearly there percent compared to a ...
Posted: July 5, 2017, 9:46 am

Paychex acquires North Carolina firm

The deal expands that offering suite, officials said. “This acquisition represents Paychex’s continued focus on growth, both in revenue and in PEO solutions for our clients,” said Martin Mucci, Paychex president and CEO in a statement.
Posted: August 21, 2017, 10:45 am
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