Features include automated charitable deductions, paycheck advances for employees and a wallet to give employees greater control over their money. In addition to payroll solutions for employees, it also offers a low-cost contractors-only plan. Gusto was designed to target solutions for startups and small businesses. There are, however, several key differences in features offered. Because Paychex does not offer pricing up front with two of its plans, it is hard to compare competitors based on price. Top competitors include ADP, Gusto and OnPay. It is only one of the Nine Best Payroll Services for Small Businesses in 2023. Paychex is by no means the only payroll processing service out there today. Unique to this plan are state unemployment benefit services, an onboarding package that allows new employees to complete new-hire documentation such as direct deposit and tax forms through an online portal, an employee screening package that performs background checks on candidates and an employee handbook builder that includes access to state and federal policies. Access to a highly trained payroll specialist who serves as a single point of contact is one of the main benefits of this plan. The plan includes step-by-step support with setting up payroll as well as a dedicated payroll specialist who serves as a single point for all payroll and tax needs. Flex Pro is for companies that want full-service payroll and tax filing as well as HR hiring and handbook tools. Paychex Flex ProĪs with Flex Select, this plan is customized to meet your business needs. In addition to direct deposit, this plan includes paper checks, check signing and check logo services. In addition to these services, Flex Select also provides a learning management system that helps employers improve employee retention and reduce turnover. The Flex Select plan provides business owners with personal services to match their company’s needs. Paychex Flex Select includes all the features of Flex Essentials except for an Employee Assistance Program and Garnishment Payment Services. Setting up a new account can take up to a few weeks to complete depending on the complexity of the company. After talking with a Paychex representative about their company’s size, complexity and business needs, business owners can get a custom quote created by the representative. Paychex Flex SelectĪccording to Paychex’s website, the Paychex Flex Select is the company’s most popular plan. Chat and phone support are available 24/7/365. Business owners can set up this plan online in a matter of minutes and begin processing payroll within 24 hours. Employers can even submit payroll on the go with the app. The Essentials plan also includes a mobile app for both employees and employers to access their Paychex account information. The Flex Essentials plan allows companies to electronically wire transfer wages into an employee’s bank account or to print employee checks from the office. In addition to payroll processing and payroll tax services, the basic plan also includes new hire reporting, standard analytics, garnishment payment services, workers’ compensation services, a financial wellness program and an Employee Assistance Program. The plan costs $39 per month plus $5 per employee. It is best for hands-on business owners who prefer handling payroll themselves. ![]() ![]() Paychex Flex Essentials is the company’s introductory plan. Payroll can be scheduled on a weekly, biweekly or monthly basis. Each plan allows companies to choose from a variety of payment methods including paper checks, payroll cards and direct deposits. Paychex offers customers three payroll plans-Paychex Flex Essentials, Paychex Flex Select and Paychex Flex Pro. Larger companies can also take advantage of Paychex’s dedicated payroll specialist as complex labor laws begin to take effect once companies expand past 15, 50 or more full-time employees. Not only can larger companies afford Paychex’s higher pricing, but they can also take advantage of Paychex’s more advanced features such as a dedicated payroll specialist, HR training modules and accounting software integration. While Paychex is designed for businesses of all sizes, it is especially suitable for companies with a large number of employees. This is ideal for scalable businesses wanting a company that will support them as they grow. While the first plan covers the basics, the next two plans layer on more advanced reporting capabilities and HR services. The software solution offers three basic tiers of payroll services as well as a broad range of add-on services. In addition to payroll, it provides a variety of HR tools, custom user roles and integrations such as time, attendance and business management. Paychex is a well-known cloud-based payroll software service for W-2 employees and 1099 contractors.
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