Paychex 2015 Annual Report Download - page 8

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6 I 2015 ANNUAL REPORT
Care Act and how those
requirements affect
their business.
We also grew our key
sales channels, adding
new bank and franchise referral
relationships, in addition to our long-time
CPA referral relationships.
MARKET LEADERSHIP
The performance of our core payroll,
SurePayroll
®
, retirement services, and HR
Solutions sales teams again helped Paychex
achieve the leadership position we have in the
markets we serve.
Paychex HR Outsourcing — which includes our
professional employer organization (PEO) and
administrative service organization (ASO) — is
the top PEO/ASO offering for small business.
We provide HR assistance to companies serving
more than 850,000 worksite employees. That’s
significantly more than our closest competitor.
We are positioned ideally for what the market is
looking for in total HR outsourcing.
Our leadership in retirement services is as
strong as ever. For the fifth consecutive year,
a leading retirement industry publication ranked
Paychex the number one 401(k) recordkeeper
with nearly 70,000 plans. The Paychex Insurance
Agency is nationally recognized too. It’s the 23rd
largest agency as ranked by Business Insurance
magazine and serves almost 114,000 clients.
At the close of fiscal 2015, we had approximately
590,000 payroll clients, up about 2 percent
over 2014. We pay 10 million employees who
work for those clients, or about one in every
15 private sector workers in the U.S.
The leadership shown by the thousands of
Paychex employees was recognized again
during the year with several awards and honors.
Perhaps the most important — being named
one of the World’s Most Ethical Companies for
the seventh time by the Ethisphere
®
Institute.
I am proud of all the work our employees did
again this year.
Through their
innovation and
commitment to
serving our clients,
they delivered the technology-enabled service
that positions Paychex for even greater long-
term growth. Our employees and executive team
share one goal: to be the very best in
our industry.