Paychex Expands Award-Profitable Lifestyle Benefits to 2M+ Employees on the Paycor® Platform

• New to Paycor shoppers, Paycor Perks brings workers greater than 20 voluntary profit choices without charge to the employer
• Paychex scales its profitable advantages platform by way of Paycor Perks to assist employers entice and retain expertise
• Reinforces Paychex’s dedication to advancing worker monetary wellness and total well-being throughout its shopper base

ROCHESTER, N.Y., Aug. 24, 2026 (GLOBE NEWSWIRE) — Paychex (Nasdaq: PAYX), a number one supplier of expert-enabled HR, payroll, and advantages, right now introduced that the corporate is increasing its complete way of life advantages to Paycor shoppers and their workers with the launch of Paycor Perks. Now totally built-in throughout the Paycor HCM platform, Paycor Perks allows workers to simply discover and enroll in quite a lot of voluntary advantages. There is not any price to the employer to supply this system, and eligible choices seem instantly in every worker’s customized dashboard.

With Paycor Perks, companies can supply worker advantages that both increase an current bundle or allow companies to supply worker advantages for the primary time. The worker advantages are curated to deal with the wants of right now’s various, multi-generational workforce. Launching with greater than 20 distinctive merchandise, Paycor Perks consists of monetary wellness applications, supplemental insurance coverage, leisure reductions and extra for the staff of Paycor prospects.

Employees more and more view advantages as a sign of whether or not an employer values them. Nearly half of U.S. job seekers (49%) say higher advantages are what they’re in search of in a brand new job, second solely to larger pay. At the identical time, the price of offering advantages is rising quicker than most employers can take in. Total well being profit price per worker reached $17,496 in 2025, a 6.0% enhance that outpaced each inflation and wage development and is projected to exceed $18,500 this 12 months.

“Paycor Perks is designed to break that trade-off. In today’s competitive labor market, employees expect more than traditional compensation for their work,” stated Tom Hammond, managing director, rising and ancillary providers, Paychex. “Employers of all sizes are being asked to do more for their people at exactly the moment the cost of doing it is climbing the fastest. Benefits have become a critical differentiator in the talent market, and too often the first line item under pressure. Paycor Perks helps level the playing field by delivering access to meaningful benefits that support employees’ financial wellness, health, and everyday lives. This is the latest example of our ongoing commitment to democratizing access to high-value benefits and making curated, enterprise-grade solutions available at scale to our customers and their employees.”

Delivering Value to Employers

Paycor Perks is designed to assist organizations strengthen their complete rewards technique with out growing administrative burden or prices. Key employer advantages embrace:

• Zero-cost implementation, with no extra charges for employers to supply this system
• Most advantages are payable by way of worker payroll or seamlessly by way of the chosen associate
• Enhanced worker satisfaction and engagement by way of significant, on a regular basis advantages
• Improved expertise attraction and retention in a aggressive workforce
• Minimal administrative burden with turnkey setup and administration

Lifestyle Benefits Built for Today’s Workforce

Solutions accessible in Paycor Perks right now embrace:

• OnDemand Pay, Powered by Payactiv^®
  • Flexible fee possibility that offers workers entry to earned however unpaid wages as they accrue. Earned wages are deducted from an worker’s subsequent paycheck, offering better monetary flexibility and serving to workers keep away from late charges, overdraft prices, and expensive payday loans.
• Extra. Special. Benefits, Powered by Corestream
  • An on-line advantages market that offers workers entry to voluntary advantages together with dental, imaginative and prescient, dwelling, auto, life and pet insurance coverage, incapacity protection and extra.
• Buy Now, Pay Later with BenefitsMe
  • Access to over 70,000 services and products with interest-free repayments over time by way of payroll deductions, serving to workers cut back upfront monetary pressure with out counting on high-interest credit score.
• Tax Prep Software Service, Powered by TurboTax^® and H&R Block^®
  • Access to main tax preparation software program at a reduced charge by way of the Paycor Perks platform, enabling workers to file taxes on-line with W-2 uploads to streamline the method and cut back errors from handbook information entry.

“If there’s one constant we’re hearing from clients right now, it’s that HR teams are being asked to deliver more with less, said Brett Ungashick, founder and CEO of HR software advisory and broker firm OutSail. “Paycor Perks gives them an easy way to strengthen their total rewards strategy, support retention, and deliver more value to employees – without adding another line item to the budget.”

Since the launch of the Paychex Perks platform to Paychex Flex^® customers in 2024, greater than 400,000 distinctive workers have bought not less than one profit. Paychex will proceed to increase choices primarily based on evolving developments and buyer suggestions. To study extra about Paycor Perks, go to paycor.com/paycor-perks/.

About Paychex
Paychex, Inc. (Nasdaq: PAYX) supplies a complete suite of expert-enabled know-how and advisory options that assist companies handle HR, payroll, and advantages. Serving roughly 840,000 shoppers and paying 1 in 11 U.S. non-public sector employees, Paychex combines scale, trusted experience, and innovation to assist companies succeed. Built on greater than 50 years of workforce expertise and one of many trade’s largest proprietary HR datasets, Paychex’s WISE agentic AI engine embeds intelligence instantly into workflows to enhance productiveness, improve decision-making, and ship higher outcomes. Learn extra at paychex.com.

Media Contact
Chelsea Wernick
Public Relations Program Manager
Paychex, Inc.
(585) 216-2974
cwernick@paychex.com