Spring
2021 Launch
With the distribution of the COVID-19 vaccine in full swing, hope for an end to the pandemic is on the horizon. But the road ahead won’t be easy.
Thousands of U.S. businesses and millions of workers still face financial uncertainty and a new economic environment reshaped by disruption. Our Spring 2021 Launch is focused on your most critical employee, compliance, and HR needs so you can focus on your business goals.
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Attracting and Retaining Talent
Make Proactive Business Decisions
Regulations
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Attracting and Retaining Talent
Onboarding top talent in today’s labor market has new challenges and urgency with the growth of remote work environments. Using an integrated platform with self-service capabilities to access and house employee information provides a better experience for prospective and current employees. Our new features can help simplify communication and necessary tasks for administrators,
in turn saving your business time and money.
Attracting and Retaining Talent
Make Proactive Business Decisions
Regulations
Make Proactive Business Decisions
Labor costs are one of the largest operational expenses for most businesses, with wages continuing to increase into 2021 . Having access to consolidated labor cost reporting provides valuable insights on how much businesses are spending on their workforce. These insights are useful in making important cost-based decisions, including salary adjustments, limiting or offering additional overtime, and increasing hiring. Connect analytics to action all within Paychex Flex.
Making Proactive
Business Decisions
Continuing to respond to the COVID-19 pandemic will require a focus on cashflow and compliance. With over
5 million businesses participating in COVID-19 Relief efforts that require future administration, there will be never-before-seen challenges awaiting most businesses.
Keeping Up and Complying with Regulations
Paychex has developed enhancements for employee self-service capabilities to accelerate onboarding processes and simplify the user experience for administrators and employees.
Self-Service Enhancements
SEE wHAT'S nEW
SEE wHAT'S nEW
Clients will no longer have to run separate reports to analyze overall labor cost. They can now drive insights into labor expenses through one report hub within Paychex Flex.
New Report Hub — Labor Cost
SEE wHAT'S nEW
The next few months will bring about great change and complexity as our society attempts to return to the new normal quickly and safely.
Reopening Activites
A third round of COVID-19 relief and the administrative burden of past efforts has created a complicated legislative environment for business.
Navigating the complexity that COVID-19 brings and the resources of the many relief efforts is difficult and time consuming. With our integrated technology, insightful data, and highly-trained professionals, we are here to help during this time of great transition.
COVID-19 Relief Efforts
Attracting and Retaining Talent
In a 2018 survey, 46% of respondents stated that the availability of a retirement plan is a leading factor in decision-making when choosing and staying at a job . Offering a competitive retirement package will not only help attract
and retain quality candidates, but will also enable employers to meet new requirements associated with state-mandated programs.
Attracting and Retaining Talent
SEE wHAT'S nEW
State mandates in California, Illinois, and Oregon now require employers to offer a retirement savings program for employees by state-specific deadlines in order to avoid financial penalties. As more states are looking to implement similar regulations, employers must consider offering a retirement plan of their own or use a state IRA plan. Businesses who choose to offer a retirement plan through the state IRA program, instead of starting a plan with a provider like Paychex, are required to report on employee contributions and any employee changes on a pay period basis.
Retirement Plan Options
Retirement
Self-SERVICE
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1. https://www.shrm.org/resourcesandtools/hr-topics/benefits/pages/health-benefits-foster-retention.aspx
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2. https://www.paychex.com/employment-watch/#!/news-release/
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Self-Service
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Benefits
State mandates in CA, IL, and OR now require employers to offer a retirement savings program for employees by state-specific deadlines in order to avoid financial penalties. As more states are looking to implement similar regulations, employers must consider offering a retirement plan of their own or use a state IRA plan. Businesses who choose to offer a retirement plan through the state IRA program, instead of starting a plan with a provider like Paychex, are required to report on employee contributions and any employee changes on a pay period basis.
Attracting and Retaining Talent
Onboarding top talent in today’s labor market has new challenges and urgency with the growth of remote work environments. Using an integrated platform with self-service capabilities to access and house employee information provides a better experience for both prospective and current employees. Our new features can help simplify communication and necessary tasks for administrators in turn saving your business time and money.
Attracting and Retaining Talent
Key Challenges
Paychex has developed enhancements for employee self-service capabilities to accelerate onboarding processes and simplify the user experience for administrators and employees.
Self-Service Enhancements