Company Website:
http://www.paychex.com
ROCHESTER, N.Y. -- (Business Wire)
Paychex, Inc. has been recognized by The Ethisphere Institute, an
independent center of research promoting best practices in corporate
ethics and governance, as a 2014 World’s Most Ethical Company®.
This marks the sixth time Paychex, a leading provider of payroll, human
resource, insurance, and benefits outsourcing solutions for America’s
businesses, has been honored with this award, which recognizes
organizations that continue to raise the bar on ethical leadership and
corporate behavior. World’s Most Ethical Company honorees understand the
correlation between ethics, reputation, and daily interactions with
their brand and that the award belongs as much to their employees as it
does to them. Paychex is one of only six companies in the business
services industry honored this year.
“Our employees demonstrate that acting with uncompromising integrity is
a critical component of providing small- and medium-sized businesses
with the very best payroll, HR, and benefits outsourcing service,” said
Paychex president and chief executive officer Martin Mucci. “To be
recognized for something that’s such a fundamental part of what we stand
for as a company is gratifying, as it reaffirms our values in a very
tangible way.”
“The entire community of World’s Most Ethical Companies believe that
customers, employees, investors, and regulators place a high premium on
trust and that ethics and good governance are key in earning it,” said
Ethisphere’s chief executive officer, Timothy Erblich. “Paychex joins an
exclusive community committed to driving performance through leading
business practices. We congratulate everyone at Paychex for this
extraordinary achievement.”
The World’s Most Ethical Company assessment is based upon the Ethisphere
Institute’s Ethics Quotient™ framework. This framework has been
developed over years of effort to provide a means to assess an
organization’s performance in an objective, consistent, and standardized
way. The information collected provides a comprehensive sampling of
definitive criteria of core competencies, rather than all aspects of
corporate governance, risk, sustainability, compliance, and ethics. The
Ethics Quotient framework and methodology was determined, vetted, and
refined by the expert advice and insights gleaned from Ethisphere’s
network of thought leaders and from the World’s Most Ethical Company
Methodology Advisory Panel.
Scores are generated in five key categories: ethics and compliance
program (25%); reputation, leadership, and innovation (20%); governance
(10%); corporate citizenship and responsibility (25%); and culture of
ethics (20%).
The full list of the 2014 World’s Most Ethical Companies can be found at http://ethisphere.com/worlds-most-ethical/wme-honorees/.
About Paychex
Paychex, Inc. (NASDAQ:PAYX) is a leading provider of payroll, human
resource, and benefits outsourcing solutions for small- to medium-sized
businesses. The company offers comprehensive payroll services, including
payroll processing, payroll tax administration, and employee pay
services, including direct deposit, check signing, and Readychex®. Human
resource services include 401(k) plan recordkeeping, section 125 plans,
a professional employer organization, time and attendance solutions, and
other administrative services for business. A variety of business
insurance products, including group health and workers' compensation,
are made available through Paychex Insurance Agency, Inc. Paychex was
founded in 1971. With headquarters in Rochester, New York, the company
has more than 100 offices serving approximately 570,000 payroll clients
as of May 31, 2013. For more information about Paychex and our products,
visit www.paychex.com.
About the Ethisphere Institute
The Ethisphere® Institute is an independent center of
research, best practices, and thought leadership that promotes best
practices in corporate ethics and governance and enables organizations
to improve compliance, mitigate risk, and enhance relationships with
employees, business partners, investors, and the broad regulatory
community. Ethisphere evaluates and benchmarks compliance and governance
programs, honors superior achievement through its World’s Most Ethical
Companies® recognition program, and publishes Ethisphere
Magazine. Ethisphere is also the leading provider of independent
verification of corporate ethics and compliance programs that include:
Ethics Inside® Certification, Compliance Leader VerificationTM,
and Anti-Corruption Program Verification. More information about
Ethisphere can be found at http://www.ethisphere.com.
Stay Connected with Paychex
Twitter: www.twitter.com/paychex
Facebook:
www.facebook.com/paychex
LinkedIn:
http://www.linkedin.com/company/paychex/products
Twitter:
@PaychexNews
Contacts:
Paychex, Inc.
Becky Cania, 585-387-6337
Manager of Employee
and Corporate Communications
bcania@paychex.com
Source: Paychex, Inc.
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