Paychex Flex® Perks Wins Silver in Brandon Hall Group’s Excellence in Technology Awards

Rhea-AI Summary

Paychex has been awarded a silver Brandon Hall Group Excellence in Technology award for Paychex Flex® Perks in the category of Best Advance in HR Technology for Small and Medium-Sized Businesses. This marks the company's 11th year of recognition by the global research firm.

Launched in August 2024, Paychex Flex Perks is a digital marketplace offering 17 unique product integrations, including early wage access, financial wellness solutions, and voluntary lifestyle benefits. Employees can select benefits based on personal needs, with costs covered through payroll deductions at no employer expense. Since launch, over 100,000 users have purchased at least one benefit.

According to Tom Hammond, Paychex managing director, the platform addresses the top HR challenge expected in 2025: attracting qualified talent. The award evaluation considered fit, program design, functionality, innovation, and measurable benefits, with judging conducted by 400 independent industry experts.

ROCHESTER, N.Y.--(BUSINESS WIRE)-- Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, has won a silver Brandon Hall Group Excellence in Technology award. Paychex Flex^® Perks received a silver award in the “Best Advance in HR or Workforce Management Technology for Small and Medium-Sized Businesses” category, marking the 11^th year that the global research and analyst firm has recognized Paychex technology solutions.

Launched in August 2024, Paychex Flex Perks is a digital marketplace of employee benefits curated to address the needs of today’s diverse, five-generational workforce. Paychex Flex Perks currently features 17 unique product integrations, including early access to earned wages, financial wellness solutions, and voluntary lifestyle benefits for the employees of Paychex customers. Employees can self-select their benefits based on personal needs, and services are paid through payroll deductions at no cost to the employer. Paychex will expand the number of offerings based on evolving market and consumer trends, as well as internal data. Since its mid-summer launch, more than 100,000 users have purchased at least one benefit from the marketplace.

“Attracting and recruiting qualified talent is the top HR challenge business leaders expect to face in 2025, according to our recent Priorities for Business Leaders study,” said Tom Hammond, Paychex managing director of strategy, partnerships, and business development. “Paychex Flex Perks is a unique offering that benefits businesses of all sizes and the employees who fuel them. Employees gain access to an array of benefits they select and fund through payroll deduction while employers gain access to expanded benefits to both attract and retain talent.”

Award entries were evaluated by a panel of 400 independent judges, including senior industry subject matter experts and practitioners as well as Brandon Hall Group research analysts and executive leadership. Judging criteria for the awards include: (1) fit the need, (2) program design, (3) functionality, (4) innovation, and (5) overall measurable benefits.

"In our 31st year, the Excellence in Technology Awards continue to showcase the best innovations in learning, talent management, talent acquisition, HR, workforce management, and sales enablement technologies. We are proud to receive applications from a diverse range of organizations globally, reflecting the ever-evolving landscape of technology solutions," said Brandon Hall Group chief operating officer Rachel Cooke, leader of the Excellence Awards program.

The complete list of 2024 Excellence in Technology award winners can be found on the Brandon Hall Group awards page.

About Paychex
Paychex, Inc. (Nasdaq: PAYX) is an industry-leading HCM company delivering a full suite of technology and advisory services in human resources, employee benefit solutions, insurance, and payroll. The company serves over 745,000 customers in the U.S. and Europe and pays one out of every 12 American private sector employees. The more than 16,000 people at Paychex are committed to helping businesses succeed and building thriving communities where they work and live. Visit paychex.com to learn more.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250103892285/en/

Media Contacts

Samantha Jean

Public Relations Program Manager II

Paychex, Inc.

(585) 218-6086

skjean@paychex.com

@Paychex

Source: Paychex, Inc.

FAQ

What award did Paychex Flex Perks win in the 2024 Brandon Hall Group Excellence Awards?

Paychex Flex Perks won a silver award in the 'Best Advance in HR or Workforce Management Technology for Small and Medium-Sized Businesses' category.

How many users have purchased benefits through Paychex Flex Perks since its launch?

Over 100,000 users have purchased at least one benefit from the Paychex Flex Perks marketplace since its launch in August 2024.

What types of benefits does Paychex Flex Perks (PAYX) offer to employees?

Paychex Flex Perks offers 17 unique product integrations, including early access to earned wages, financial wellness solutions, and voluntary lifestyle benefits.

How are the benefits in Paychex Flex Perks paid for by employees?

Benefits selected through Paychex Flex Perks are paid through payroll deductions at no cost to the employer.

What is the main HR challenge that Paychex Flex Perks addresses for 2025?

According to Paychex's Priorities for Business Leaders study, attracting and recruiting qualified talent is the top HR challenge business leaders expect to face in 2025.