Paychex Ranked 32 Among Training Magazine's Top 125

Leading payroll and HR services provider recognized as one of the best training organizations for the ninth straight year

ROCHESTER, N.Y.--(BUSINESS WIRE)-- Paychex, Inc. has been named to Training magazine's Training Top 125 list of outstanding international training organizations for the ninth straight year. Paychex, a leading provider of payroll and human resource services, ranked number 32 on the 2010 list.

In honoring Paychex, Training magazine made specific mention of the company's mentoring program, in which mentors are hand-selected by branch mangers and supported in this key role by the University of Paychex through various resources, including the company's Partner Program, which connects corporate training personnel to field mentors and trainers.

"The award reflects the strength of the ongoing Paychex commitment to employee development," said Paychex director of training Kimberly Kelly. "It's also a great accomplishment for the staff of our Training and Development Center, who do a fantastic job delivering on that commitment."

The University of Paychex, the company's in-house training and development center, provided more than 1.1 million hours of training for Paychex employees during fiscal 2009, delivering an average of over 93 hours of training per Paychex employee. The University of Paychex, formed in 1997, is located at the company's corporate headquarters in Rochester, New York, and offers 85 instructor-led courses and more than 600 online learning activities annually.

"As a service provider, it's vitally important that our employees are extremely knowledgeable about not only our products, but also the regulations and taxes that impact our clients," said Paychex vice president of organizational development Will Kuchta. "Making sure our people are among the most knowledgeable in the industry is essential to our success, and helps our employees grow professionally."

Each Top 125 company was measured on both quantitative and qualitative data, on factors such as demonstrable results, training tied to business objectives, employee turnover and retention, leadership development, tuition assistance, training technology and infrastructure, and more.

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^(R). Human resource services include 401(k) plan recordkeeping, health insurance, 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 more than 100 offices serving approximately 554,000 payroll clients nationwide as of May 31, 2009. For more information about Paychex and our products, visit www.paychex.com.

    Source: Paychex, Inc.

Released February 24, 2010