New Paychex Products Help Businesses Improve Recruiting, Hiring, Onboarding, and Retaining their Employees

Enhanced features automate and optimize processes within the employee lifecycle that help improve employee retention and satisfaction

Paychex, a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, has announced new enhancements designed to help improve the employee experience from pre-employment through retention. The latest products and solutions help provide a seamless experience for both employers and employees using Paychex Flex, the company’s SaaS-based HR application, as well as the customized service and HR advisory support available from Paychex.

Now more than ever, a positive first impression with a prospective employer is essential. HR technology plays a critical role in how employers meet candidates, extend offers, digitally onboard, and retain employees through the first 90-days, when the chance for turnover is at its highest,” said Tom Hammond, vice president of corporate strategy and product management. “The products included in our most recent release were developed to strengthen the employer-employee relationship and support businesses as they prioritize their workforces to create better experiences for increased employee retention and satisfaction.”

HR Technology News: Microsoft Office Rebrands Itself As Microsoft 365

The 2022 Paychex Pulse of HR Report, an annual study commissioned by Paychex that provides an in-depth look at how HR leaders are adapting to support employees in a new era of work, found that 50% of respondents say that their organizations are not effective at hiring, onboarding, and retention.

The following solutions and product enhancements make up the current Paychex product release and the company’s efforts to enhance the employee lifecycle and experience:

• Paychex Flex Hiring: Makes hiring easier by automating tasks and actions for clients to quickly recruit and hire new talent. This Paychex Flex feature assists clients with a variety of recruitment tactics, from posting a job to digitally sending offer letters to top candidates. Paychex research has shown that three out of four clients surveyed said they have shortened the time required for recruiting, screening, tracking, and onboarding of new employees through using Paychex Flex. An average time savings of 26% was reported by those clients that reported a shortened timeframe. For example, a client’s two-month recruiting and hiring cycle could be reduced to six weeks.
• Paychex Flex Onboarding: Simplifies the onboarding experience by integrating essential steps directly within Paychex Flex. Advancements allow new hires to complete critical documentation, including direct deposit authorization, W4, state withholding forms, and Form I-9s from the device of choice for a paperless onboarding experience.
• Paychex Flex Time: Helps create a seamless and unified experience for Paychex Flex Time admin and employee users for controlling scheduling needs, managing time off requests, approving employee timecards, and reviewing data to ensure accuracy for pay periods.

HR Technology News: Clearlake Capital Completes Acquisition Of Cornerstone OnDemand

• Flock Benefits Administration by Paychex: Provides clients with industry-leading benefits administration technology with advanced features and a best-in-class customer experience. This product helps makes insurance accessible to employees through easy-to-use enrollment workflows and in-app video tutorials that drive employee self-service and efficiency for employers managing benefits.
• Paychex Voice Assist: Provides a new way for payroll admin users to complete payroll and HR-related functions and tasks. Users can now complete payroll from anywhere simply by saying “Hey Google, Talk to Paychex Flex” on any Google Assistant–enabled device. Paychex Voice Assist is a natural extension of the company’s expansive self-service capabilities.

HR Technology News: HR Technology Highlights – HR Tech Daily Round-Up For 25 October 2022