Paychex Pre-Check wins the BIG Innovation Award 2022
Paychex Pre-Check offers employees the ability to preview their paycheque with gross-to-net pay stub self-review on a device of their choice to confirm its accuracy before payday. This solution was designed to increase the accuracy of payroll processing, reduce errors and expenses associated with payroll corrections, and provide a streamlined feedback loop between employers and employees via Paychex Flex®, the HR software solution in SaaS mode of the company.
“Payroll is the foundation of the employer-employee relationship. When mistakes happen, it erodes trust. current labor market conditions,” said Tom Hammond, Vice President of Corporate Strategy and Product Management at Paychex. “Allowing employees to see their pay amount in advance ensures they can review their pay so there are no surprises on payday.”
With nearly half of workers saying they would leave their current employer after two payroll errors and nearly a quarter of employers saying they spend at least 15 hours a month validating time sheets, Paychex Pre-Check provides workers and administrators a solution to help mitigate these risks. Employees are notified over their channel of choice – including smartphones, smartwatches and smart speakers – that their gross-to-net pay stub is ready for safe review. Employees complete the review in Paychex Flex and are prompted to confirm the correctness of the amount or report an issue to the employer administrator, who can resolve the potential error prior to payday. Critical employee data is secured in our Paychex Flex platform already backed by industry-leading security standards.
Organizations around the world have submitted their recent innovations for consideration in the BIG Innovation Awards. The entries were then judged by a select group of business leaders and executives who volunteered their time and expertise to score the entries. Business Intelligence Group’s proprietary and unique rating system selectively measures performance across multiple business areas and rewards companies whose achievements exceed those of their peers. For a full list of 2022 BIG Innovation Award winners, visit www.bintelligence.com/big-innovation-awards.
Paychex, Inc. (NASDAQ: PAYX) is a leading provider of integrated human capital management solutions for human resources, payroll, benefits and insurance services. By combining its innovative software-as-a-service technology and mobility platform with personalized, dedicated service, Paychex allows small and medium business owners to focus on growing and running their business. With over 45 years of industry expertise, Paychex serves more than 680,000 payroll customers from May 31, 2020 in more than 100 locations in the United States and Europe, and pays one in 12 US private sector employees. Learn more about Paychex by visiting paychex.com and stay connected on Twitter and LinkedIn.
About the Business Intelligence Group
The Business Intelligence Group was founded with the mission of recognizing true talent and superior performance in the business world. Unlike other industry award programs, these programs are judged by business executives with experience and knowledge. The organization’s proprietary and unique rating system selectively measures performance across multiple business areas and then rewards companies whose achievements exceed those of their peers.
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