Paychex Receives Innovations in

Document Sample
Paychex Receives Innovations in Powered By Docstoc
					Paychex Receives Innovations in Employee Ownership Award - MarketWatch                                                 Page 1 of 3


                                                                                                                 Advanced Search >
                                                        Enter Symbol(s) or Keyword(s)                  GO

                                                                  Get to the next level of investment research


 HOME             NEWS & COMMENTARY

 Herb Greenberg       Columnists      Special Reports     Blogs      Podcasts       Industry News                Economy & Politics


  LATEST NEWS     [SONC] Sonic Q3 rev $209.9M vs $186.5M




 Paychex Receives Innovations in Employee Ownership Award
 Payroll and HR services company recognized for ideas that make employee
 ownership strong

 Last Update: 2:00 PM ET Jun 19, 2007

                          ROCHESTER, N.Y., Jun 19, 2007 (BUSINESS WIRE) -- Paychex, Inc. has been honored with
                          a 2007 Innovations in Employee Ownership Award by the National Center for Employee
                          Ownership and the Beyster Institute. Paychex and four other winning companies were
 recognized for developing creative ways to build organization-wide ownership cultures that tap the entrepreneurial
 potential of their employee-owners. Paychex was the only public company among this year's award winners.

 Paychex was recognized for its multi-pronged equity compensation program that includes an employee stock
 purchase plan, a company stock fund in its 401(k), and a broad-based stock option program that covers well over 90%
 of the workforce. Employees take extensive advantage of the ability to invest in Paychex, and the company in turn
 invests in employees with award-winning training programs and outstanding benefits.

 "Paychex's executive officers and board of directors share a fundamental commitment to ensuring that all employees
 have an opportunity to share in the financial success of our company," said Will Kuchta, Paychex vice president of
 organizational development. "Our ownership culture means that Paychex employees are driven to making the
 company successful, creating a win-win for everyone."

 The Innovations in Employee Ownership Award is an annual award recognizing creative ideas that help make
 employee ownership stronger. Innovations can deal with employee participation, entrepreneurship, communication
 programs, education, plan design, or other ideas that strengthen employee ownership. The award is open to any
 company that promotes the spread of employee ownership or the development of best practices in employee
 ownership.

 About Paychex

 Paychex, Inc. (PAYX : 40.21, -0.06, -0.1%) 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(R). Human Resource Services include 401(k) plan recordkeeping, workers' compensation administration,
 section 125 plans, a professional employer organization, time and attendance solutions, and other administrative
 services for business. Paychex was founded in 1971. With headquarters in Rochester, New York, the company has                  MOST
 more than 100 offices and serves approximately 543,000 payroll clients nationwide. For more information about
                                                                                                                                 REA
 Paychex and our products, visit www.paychex.com.
                                                                                                                                 1.
 About The NCEO and The Beyster Institute
                                                                                                                                 2.
 The NCEO is a private, non-profit membership and research organization that serves as the leading source of
 accurate, unbiased information on employee stock ownership plans (ESOPs), equity compensation plans such as                     3.
 stock options, and ownership culture. It is the main publisher and research source in the field.                                4.


 The Beyster Institute at the Rady School of Management, University of California, San Diego focuses on training,                5.
 education, and consulting to advance employee ownership and entrepreneurship. The Institute actively assists
 individual companies in creating or enhancing employee ownership and participation programs.                                    6.




http://www.marketwatch.com/news/story/paychex-receives-innovations-employee-ownership/stor... 6/20/2007
Paychex Receives Innovations in Employee Ownership Award - MarketWatch                                   Page 2 of 3

 SOURCE: Paychex, Inc.
                                                                                                                   7.
 Paychex, Inc. Becky Cania, 585-387-6337 Public Relations Program Manager bcania@paychex.com Copyright             8.
 Business Wire 2007
                                                                                                                   9.


                                                                                                                  10.




                                                                                                                  Get
 6:44pm 6/20/2007           Dow Jones board to take over company talks
 4:25pm 6/20/2007           U.S. stocks sell off sharply as Treasury yields bounce
                                                                                                                  TRAD
 3:25pm 6/20/2007           Blackstone sticks with IPO price range; to price on Thursday
 10:37am 6/20/2007          Morgan Stanley profit jumps 40%, outpacing expectations
 10:23am 6/20/2007          Treasury's Paulson hails state of global economic growth

                            More news


   SPONSORED LINKS                                                                              Get listed here

  GFT Online Currency Trading: Free Demo
  Trade Forex: easy account funding options, 24-hour support & FX tools!
  www.gftforex.com

  Power E*TRADE for Active Traders
  100 Commission-free stock trades - Apply now at E*TRADE Securities.
  www.etrade.com

  Forex.com – Free Practice Account
  Try forex trading risk-free for 30 days. Real time charts, research.
  www.forex.com

  Mortgage Rates at 3.0% - Refinance Now
  $150,000 loan for $391/month - refinance, home equity and purchase.
  refinance.leadsteps.com
                                                                                                                  RELA

  Practice Forex Trading                                                                                          Com
  Start trading with a free $50,000 demo account. Play before pay!
  www.fxcm.com
                                                                                                                  U.S.
                                                                                                                  expe

                                                                                                                  Stock

                                                                                                                  Payc

                                                                                                                   Mo




http://www.marketwatch.com/news/story/paychex-receives-innovations-employee-ownership/stor... 6/20/2007

				
DOCUMENT INFO
Shared By:
Stats:
views:31
posted:3/25/2011
language:English
pages:2