Press release
Paychex Launches Digital Employee Benefits Marketplace
Personal and financial benefits now available with Paychex Flex® Perks through integrated e-commerce experience ROCHESTER, N.Y.--(BUSINESS WIRE)-- Paychex,
About this update from Paychex, Inc.
[{"type":"text","content":"\nPersonal and financial benefits now available with Paychex Flex® Perks through integrated e-commerce experience\n\n\n ROCHESTER, N.Y.--(BUSINESS WIRE)--\nPaychex, Inc., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, has introduced Paychex Flex® Perks, a digital marketplace of employee benefits curated to address the needs of today’s diverse, five-generational workforce. Launching with 17 unique products, Paychex Flex Perks includes early access to earned wages, financial wellness solutions, and voluntary lifestyle benefits for the employees of Paychex customers.\n\n\nPaychex Flex Perks is integrated directly into Paychex Flex, the company’s cloud-based SaaS solution, and is tailored to the employee user experience, making it easy and intuitive to enroll in benefits. Employees can self-select additional benefits based on their personal needs, freeing up time for business owners and HR leaders to focus on more strategic initiatives that come with running a business.\n\n\n“Based on our continuous monitoring of workplace challenges and customer needs, we see firsthand that many companies struggle to compete for talent in today’s labor market due to lack of employee benefits beyond traditional healthcare,” said Tom Hammond, Paychex vice president of strategy, partnerships, and business development.\n\n\nHammond added “Paychex is well positioned to create a unique marketplace and customized experience for the employees of our clients that offers valuable voluntary benefits. With Paychex Flex Perks, businesses of all sizes can offer enterprise-level benefits that either augment what is already provided to employees or enable our customers to offer employee benefits for the first time.”\n\n\nPaychex Flex Perks services are paid through employee payroll deduction at no cost to the employer and include:\n\n\n\nAffordable Benefits and Discounts powered by Corestream\n\n\nAn online benefits marketplace that enables employees to enroll in various benefits, such as home, auto, life and pet insurance, disability coverage and more. The platform educates employees on each benefit to ensure the elections are personalized to their lifestyle, with premiums seamlessly deducted from their paychecks.\n\n\n\n\n\n\nPaychex PaySM, an online account es...