Why This Blog???

Eye On Paychex is NOT attempting in any way to damage the business of Paychex. In fact, most customers I speak with have many good things to say about the company and its services.

The purpose of this blog is to shine a spotlight on "Employee Experience" of working for Paychex. 

You see, Paychex makes a LOT of noise about how they are ranked by Forbes magazine as one of the Top 100 Best Companies to Work For. But the truth is not quite so rosy. 

I am convinced that many good people have accepted or are seeking employment with Paychex becasue they are certain that this is a "Great Place to Work". This is blatently untrue and is unfair to the current and future employees of the company.

So, through this blog, we will explore what it is REALLY like to work at Paychex. We will look at the good (the training is excellent) and the bad (absurd policies). 

All readers are encouraged to participate by posting, or, if you prefer, email your comments to me at eyeonpaychex@gmail.comand I will post them for you. 

ALL POSTINGS WILL BE ANONYMOUS!!! 

Thursday, January 29, 2009

Paychex Paints a Pallid Picture

Paychex Paints Pallid Picture <~~~ Click for full article

  • Q2 revenues grew 3% over last year's second quarter, a slight deceleration from the already anemic pace set in Q1.
  • Profits per diluted share declined 3% to $0.39 -- once again, a worse result than in Q1.
  • And guidance for the rest of the year is no better. Management predicts that we will cruise through fiscal 2009 on a 3% year-over-year rise in revenues, even as profits continue trending downwards by about 6%.
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