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.
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 the statement.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. About Paychex 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, visit www.paychex.com. Stay Connected with Paychex Twitter: www.twitter.com/paychexFacebook: www.facebook.com/paychexLinkedIn: http://www.linkedin.com/company/paychex/products