New infographic is based on data from a human-capital strategies
survey sponsored by Paychex and conducted by CFO Research
ROCHESTER, N.Y. -- (Business Wire)
Paychex, Inc., a leading provider of payroll,
resource, and benefits
outsourcing solutions for small- to medium-sized businesses,
released an infographic today based on survey data that details how U.S.
companies with 50 to 100 employees are boosting the productivity of
their workforce by improving human resource functions.
Paychex Infographic: U.S. Companies Improve HR Functions to Boost Workforce Productivity
“Because of the new economic reality, American companies are doing more
with less by focusing more of their time and resources on improving
productivity and efficiency,” said Paychex president and CEO Martin
Mucci. “As our new infographic details, human resources are playing a
greater role in maximizing productivity, and technology is one of the
primary tools being used to make that happen. Paychex demonstrates its
commitment to delivering the tools America’s businesses need by
investing in next-generation technology. Our comprehensive suite of
fully scalable workforce solutions automates the management of the
employee lifecycle through a single web-based client portal that saves
administrators time, while providing the control, flexibility, and
reliability their organization requires.”
The new Paychex infographic is available for download and embedding at https://www.paychex.com/secure/one-source-solutions/cfo-request.aspx.
In addition to the data detailed in the new Paychex infographic, the Human-Capital
Strategies in a Slow Recovery survey provided the following
When respondents were asked, “To what extent does your company plan
to increase or decrease hiring over the next two years?”, 64% of
companies answered that they would increase substantially or modestly
while 25% of companies answered that they would stay the same. Only 10%
of companies said they would decrease modestly, 0% decrease
substantially, and 1% were not sure.
Going a step further, when companies were asked about their primary
motivations for hiring over the next few years, 54% of respondents cited
“increase production/sales capacity,” 40% cited “acquire specialized
knowledge, expertise, or technical skill experience,” 18% cited “acquire
specialized management skill/experience,” 18% cited “increase capacity
in support functions,” while only 11% cited “other” or “not sure.”
When asked, “To what extent do you agree with the statement: ‘Over
the next two years, my company will face substantial pressure to
increase the size of compensation/benefits packages offered to employees’?”,
51% of companies said that they agree strongly or agree somewhat with
Respondents were also asked to complete the phrase, “In our industry,
competition for qualified employees is currently…”, 55% respondents
stated moderate, 24% stated intense, 18% stated minimal, and 4% states
it depends or not sure.
86% of respondents said they agree somewhat or agree strongly with the
following statement, “Over the next two years, our ability to
attract, develop, and retain qualified employees will be an important
source of competitive advantage for my company.” Only 9% disagreed
and 4% of respondents were not sure.
To download the results of the complete survey, visit https://www.paychex.com/secure/one-source-solutions/cfo-request.aspx.
About the Paychex-CFO Research Survey: Human-Capital
Strategies in a Slow Recovery is a survey sponsored by Paychex and
conducted by CFO Research, a division of CFO Publishing, in July 2012.
The survey is based on responses from 164 senior finance executives in
the United States who are employed at companies with 50 to 100 employees.
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 567,000 payroll clients
as of May 31, 2012. For more information about Paychex and our products,
Stay Connected with Paychex
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Tracy Van Auker, 585-387-6433
Relations Program Manager
Mower + Associates
Tom Brede, 585-389-1870
Relations & Public Affairs
Source: Paychex, Inc.
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