This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Paychex Infographic: U.S. Companies Improve HR Functions To Boost Workforce Productivity

Stocks in this article: PAYX

Paychex, Inc., a leading provider of payroll, human 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

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 additional data:

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.”

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,810.06 +91.06 0.51%
S&P 500 2,063.50 +10.75 0.52%
NASDAQ 4,712.97 +11.1030 0.24%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs