Paychex, Inc. announced new enhancements designed to help employers better protect worker health and safety and help businesses address worker retention challenges through HR technology solutions. The following solutions and product enhancements make up the new Paychex product release and the company's efforts to simplify business challenges: Compensation Summary Report: The Compensation Summary Report provides employees access to a view of their compensation beyond their direct pay—a critical business strategy for retaining top employees in competitive job market. The report can include health insurance contributions, retirement contributions, bonuses, and miscellaneous benefits captured within Paychex Flex and can serve as a reminder to employees of specific elements of their compensation package.

Secure Document Management: Customers can safely and confidently store documents on the Paychex Flex platform. With the ability to handle multiple uploads and in-app signing capabilities, the documentation center can store confidential documents with rule-based user restrictions. Customers can pull real-time reports on who has uploaded documentation, offering a solution for centralized tracking, saving time, and improving accuracy.

This new solution is ideal for vaccine status tracking, document storage, and reporting. Financial Wellness: There are a number of stressors on an employee's finances—household budgeting, managing debt, taxes, and properly investing and saving for the future. To help customers support their employees, Paychex is offering Financial Wellness services through a FinFit® integration.

FinFit is a free financial wellness benefit that is now fully integrated with a user's Paychex login and a tool for customers looking to recruit, retain, and keep their employees productive with a financial wellness program. Paychex Iris Time Clock: Leveraging precise face and iris recognition, the Paychex Iris Time Clock is a safe and efficient way to capture accurate time and attendance data for dynamic workforce. Designed to mirror the intuitive experience of a smartphone or tablet, this biometric time clock quickly identifies employees—with or without critical PPE—and provides secure access to pay adjustments, time-off balances, schedules, and more.

New features promote employee self-service and minimize the time employers spend manually fielding HR requests as the data is centralized and fully integrated with Paychex Flex®, the company's SaaS-based HR software.