When it comes to location, the highest average paycheck ($82K per year) can be spotted in Glenview, Ill.; Cleveland, Ohio (about $71K), New York, N.Y. ($66K), and the company's headquarter city of Rochester, N.Y. (approximately $58K) are the next top-paying cities. Approaching the lower end of the pay scale (at around $47K) is Naperville, Ill. By state, Ohio offers the highest pay at $67K annually.
Nearing the top of the pay scale are Human Resources Consultants, Software Developers, Human Resources Generalists, and Customer Service Supervisors; while the first receives the highest median pay at around $71K per year, the other salaries come in at about $70K, $60K, and $60K, respectively. Financial compensation for Payroll Specialists is rather low — on average only $39K — relative to the rest of the company.
Years of Experience
Workers who have been with the company for more than one year but less than five can make approximately $48K annually on average. Respondents who have been working for five to nine years make $58K per year on average. The largest fraction of Paychex, Inc. people (33 percent) have been working for 10-19 years and earn approximately $70K annually on average.
Certifications and Degrees
Senior Human Resources Professionals are compensated at a much higher rate than non-authorized workers, bringing in close to around $71K per year. Earning a Licensed Producer certification garners significant financial rewards of about $69K annually on average. The best paid folks at Paychex, Inc. have a Master of Science (MS), earning $89K per year.
The highest-paying skill to have may be Employee Relations; employees who claim proficiency also report a higher average salary of $68K annually. Folks here also tend to know Customer Service; on the survey, around a seventh of workers named it in their skills portfolios. Three more common skills are Project Management, Customer Relationship Management, and Microsoft Excel.
Benefits and Perks
Paychex, Inc. lets only two in five employees take paid vacation and only one in four employees take sick leave. A large number of workers participate in a 401(k) program. A large number of employees receive health insurance, and most workers get dental coverage. Employees can also look forward to life insurance, a stock purchase plan, tuition reimbursement, and flexible hours.