Fair but lackluster company - Anonymous employee Paychex Employee Review

2.0
18 Feb 2016
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

People are genuinely nice. Financial position of the company is stable and healthy. Dividend yield is 3.5%. Training is exemplary and is extensive, if overwhelming.

Cons

The company lags the market on pay and pay mix. It's not an industry leader in terms of technology. Much of its growth is inorganic and has grown too fast under mediocre management. Many consider the stock overpriced, with stock buyback contributing to its value. High expenses noted in earnings calls. The company is a Sales organization, and it allows Sales and Finance culture/mentality to have a disproportional weight in decision making. It highly values quarterly results, and it operates under the outdated belief that maximizing Shareholder Value (cf. the founder is the main shareholder) is the primary purpose of business. It's rigidly tied to process at the expense of people. Lots of red-tape/bureaucracy. It suffers from mediocre senior leadership (Directors, Sr. Managers) who eschew vision for results. They aren't capable of helping people with their career deliberations, and many people trained well in the excellent training programs leave for better opportunities. It handles change and change management poorly. There's a lot of fire fighting.

Explore other reviews about Paychex

5.0
28 Jun 2026
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

People and the overall environment is a positive one. If you do your part, definite long term career potential. It’s not easy- but stable, growing. Worth serious consideration for early career looking for sales experience with a great training program. Also good for mid-career consideration if base salary isn’t the primary reason you are in sales.

Cons

Very fast pace that doesn’t suit everyone. If you are looking for easy or just a job to “hang out”, this probably isn’t the right spot for you.

1.0
1 Jun 2026
Recommend
CEO approval
Business outlook

Pros

Nothing is good about working here.

Cons

Nobody is ever held accountable. Pay is awful. Benefits were all moved out of state, so all providers in the area are all out of network. Jobs are being moved to India. The list goes on. Sales is the absolute favorite department in the entire company. Nothing sales can do is ever wrong, even when they give false information to clients and then the support team has to deal with the fallback. Don't get me started on Payroll.... the entire department has gone to the wind. I honestly don't know how this company ever did good with payroll services. The #1 complaint i got from every single client I interacted with was they could never get ahold of their Payroll Specialist. The company's response to this was to start making other departments learn payroll duties. This year they moved insurance benefits to a plan out of Arkansas, which made every provider I was already seeing become out of network. I had my first major medical scare of my adulthood and ended up paying a few grand out of pocket because U of R was out of network. Promotions are non existent. They make you apply and interview for any role you want to move into. There is nothing good about working here, and i would advise anyone to stay away from them.

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