Paychex, Inc., a leading provider of payroll, human resource, insurance,
and benefits outsourcing solutions for America’s businesses, has been
recognized by The Ethisphere Institute, the global leader in defining
and advancing the standards of ethical business practices, as a 2015
World’s Most Ethical Company®.
The World’s Most Ethical Companies designation recognizes organizations
that have had a material impact on the way business is conducted by
fostering a culture of ethics and transparency at every level of the
company.
Being a seven-year honoree underscores Paychex’s commitment to leading
ethical business standards and practices ensuring long-term value to key
stakeholders, including customers, investors, and employees. Paychex is
one of only two companies in the outsourcing services category honored
this year.
“Our clients trust Paychex to act with uncompromising integrity, which
is the foundation of our ability to provide businesses with the very
best payroll, HR, and benefits outsourcing service,” said Paychex
president and chief executive officer Martin Mucci. “This honor gives
all of us at Paychex great pride, and is a direct result of our
employees’ commitment to living our integrity value in their daily
interactions with clients and fellow employees.”
“The World’s Most Ethical Companies embrace the correlation between
ethical business practice and improved company performance. These
companies use ethics as a means to further define their industry
leadership and understand that creating an ethical culture and earning
the World’s Most Ethical Companies recognition involves more than just
an outward facing message or a handful of senior executives saying the
right thing,” said Ethisphere’s chief executive officer, Timothy
Erblich. “Earning this recognition involves the collective action of a
global workforce from the top down. We congratulate everyone at Paychex
for this extraordinary achievement.”
The World’s Most Ethical Company assessment is based upon the Ethisphere
Institute’s Ethics Quotient™ (EQ) framework developed over years of
effort to provide a means to assess an organization’s performance in an
objective, consistent, and standardized way. The information collected
provides a comprehensive sampling of definitive criteria of core
competencies, rather than all aspects of corporate governance, risk,
sustainability, compliance, and ethics. The EQ framework and methodology
was determined, vetted, and refined by the expert advice and insights
gleaned from Ethisphere’s network of thought leaders and from the
World’s Most Ethical Company Methodology Advisory Panel.
Scores are generated in five key categories: ethics and compliance
program (35%); corporate citizenship and responsibility (20%); culture
of ethics (20%); governance (15%); and leadership, innovation, and
reputation (10%).
The full list of the 2015 World’s Most Ethical Companies can be found at http://ethisphere.com/worlds-most-ethical/wme-honorees/.
About Paychex
Paychex, Inc. (NASDAQ:PAYX) 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®.
Human resource services include 401(k) plan recordkeeping, section 125
plans, a professional employer organization, time and attendance
solutions, and other administrative services for business. A variety of
business insurance products, including group health and workers'
compensation, are made available through Paychex Insurance Agency, Inc.
Paychex was founded in 1971. With headquarters in Rochester, New York,
the company has more than 100 offices serving approximately 580,000
payroll clients as of May 31, 2014. For more information about Paychex
and our products, visit www.paychex.com.
About the Ethisphere Institute
The Ethisphere® Institute is the global leader in defining
and advancing the standards of ethical business practices that fuel
corporate character, marketplace trust, and business success. Ethisphere
has deep expertise in measuring and defining core ethics standards using
data-driven insights that help companies enhance corporate character.
Ethisphere honors superior achievement through its World’s Most Ethical
Companies recognition program, provides a community of industry experts
with the Business Ethics Leadership Alliance (BELA), and showcases
trends and best practices in ethics with the publication of Ethisphere
Magazine and The World’s Most Ethical Companies Executive
Briefing. Ethisphere is also the leading provider of independent
verification of corporate ethics and compliance programs. More
information about Ethisphere can be found at http://ethisphere.com.
Stay Connected with Paychex
Twitter: www.twitter.com/paychex
Facebook:
www.facebook.com/paychex
LinkedIn:
http://www.linkedin.com/company/paychex/products
Copyright Business Wire 2015