Paychex, Inc., a leader in human capital management solutions, has introduced a premium HR Analytics solution powered by generative AI and real-time data. Integrated with the Paychex Flex platform and enhanced through a partnership with Visier, this tool equips small- and medium-sized businesses (SMBs) with enterprise-level insights to optimize workforce strategies and remain competitive.
Key Highlights
- Comprehensive HR Analytics Offerings
- HR Analytics Premium:
Provides insights on workforce distribution, turnover, retention, and costs based on company-specific data. - HR Analytics Premium Plus:
Adds job matching and compensation benchmarking using data from over 20 million employee records and 700,000 employers. - AI Insights:
A generative AI assistant simplifies data interpretation, aiding HR professionals and business leaders in leveraging insights effectively.
- HR Analytics Premium:
- Strategic Integration with Paychex Flex
- Embedded seamlessly within Paychex Flex, these analytics solutions provide SMBs with real-time benchmarking and actionable data.
- Powered by Visier’s workforce AI capabilities, users can access industry-specific insights to better align HR policies and compensation strategies.
- Addressing SMB Workforce Challenges
- With SMBs facing challenges in finding and retaining talent, the HR Analytics suite helps attract and retain qualified employees by offering actionable insights.
- The solutions complement other Paychex tools, such as Recruiting Copilot, Flex Perks, and Flex Engage, to create a holistic HR strategy.
- Expert Endorsements
- Beaumont Vance, SVP of Data, Analytics, and AI at Paychex:
“This solution empowers SMBs to compete with larger enterprises by leveraging data for informed decision-making.” - Dave Weisbeck, CSO at Visier:
“Our partnership with Paychex levels the playing field for SMBs, helping them attract and retain top talent with advanced analytics.”
- Beaumont Vance, SVP of Data, Analytics, and AI at Paychex:
- Accessibility and Personalized Support
- HR Analytics is accessible through the Paychex Flex reporting module or in collaboration with Paychex HR advisors.
- Insights include workforce benchmarking, compensation alignment, and strategies to address key business challenges.
Paychex’s HR Analytics with AI Insights transforms SMB HR capabilities, offering enterprise-grade analytics to improve workforce decisions. By providing access to real-time data and AI-driven tools, this solution empowers SMBs to attract top talent, optimize resources, and drive business success.
