Paychex says small business index shows ‘constant positive run’ in hiring
ROCHESTER, N.Y. (WHEC) — Paychex is celebrating 50 years since Tom Golisano started the payroll company with $3,000 and a great idea.
Since then, the company’s grown in a myriad of ways, including expanding to offer 401ks and insurance.
Thursday night Paychex President and CEO Marty Mucci shared the data it tracks based on clients’ ups and downs with News10NBC.
"Our small business index basically takes 350,000 of our clients and measures the job growth over the base years, and over the previous month and previous year,” Mucci said. “So we kind of take the same clients and see how many jobs have they added and how much job growth have they seen; and what we saw was obviously a large drop when COVID first hit, we saw it slowly come back and it has been on a constant positive run the last few months."
Mucci said that’s because employers are becoming more flexible with work hours and locations, and offering higher wages and more time off.
He also said employees have taken the time to learn what they want to do and now they’re going out and getting those jobs.