Benefits of Paychex Flex

Understanding The Benefits of Paychex Flex For Small Businesses

To make paying your employees and contractors easier, there are various automatic payrolling applications available for your business online. One such employee payrolling platform is Paychex Flex. This payroll app is primarily meant for smaller businesses with less than 50 employees.

To learn more about this app, read this post till the end to understand how it benefits smaller businesses.

Main Services And Features Of Paychex Flex

Main Services And Features Of Paychex Flex

The main services offered by Paychex Flex that count as its main features that you can use are:

To ensure that tax filing and reporting regulations are all met by a firm, Paychex Flex has its compliance system. This feature is similar to apps like Netchex.

Here, the list of all compliances as per federal regulations has been stated here in the form of a checklist. After you are done with the compliance tasks, you can check them out and continue to do so until all of them are checked out.

This includes policies for new contractors and employees, annual tax filing, workers’ compensation insurance, and many more such compliances.

2. Employee Onboarding And Recruitment

The employee onboarding procedure is referred to as the official introductory stage of new employees. Here, new employees are briefed about the kind of work they will be doing, their reporting heads and managers, and what targets they are expected to meet at the end of the month.

Paychex Flex makes this easier by incorporating a digital onboarding procedure for new employees on the software. They will be able to view all the onboarding presentations and hierarchical charts of the organization. In addition, they will also be able to see what their targets are and how much they have progressed.

In addition, this software has been integrated with popular recruitment platforms like LinkedIn. Therefore, Human Resource (HR) admins can post directly to various recruitment platforms directly using this software.

3. Tax Filing

This software provides admins with the ability to file taxes using the software. All you need to do is integrate the software with your primary accounting software. Then, Paychex Flex will automatically calculate and file the taxes for you. It will also show you your credit card debt forgiveness as well!

4. Leave Tracking

The attendance of employees and all leaves taken by them so far will all be listed on this app. Therefore, this provides a better picture as to how much leave an employee is entitled to so far, along with how much salary will be cut for taking extra unpaid leaves.

5. Time Tracking

Tracking how many hours each employee has worked in the office is essential to understand their productivity and dedication. Therefore, Paychex Flex Time – an integrated time tracking system – can be used by businesses.

Through this app, all employees can check in and check out of their systems. This allows Paychex to calculate how much time they have spent in the office. If they have spent less time than they should, then how much of their salary will be deducted will also be shown here.

6. Administration Of Benefits

Every employee of your business has certain reserved rights and federal benefits that must be provided to them. To ensure that all your employees have benefits rightfully conferred upon them, you can track them using this app. It will state which employees have received which benefits and which employees are yet to.

7. Payrolls

One of the primary features of Paychex Flex, which most businesses use, is its Paychex Payroll Calculator.

Using this calculator, you can evaluate the final payable salary or Payroll check of the employee. This final payable amount is calculated after adjusting unpaid leaves, employee payroll taxes, and more.

Using this application, you can directly pay your employees from the application. This is possible since you are allowed to integrate the organization’s bank account and the bank accounts of all employees.

Moreover, employees themselves will be able to see their current payrolls by accessing the self-service Payroll section of the application. The employee payroll shown here will also state what taxes have been cut as well!

8. Contractor Payments

If you have many contractors associated with your business, then you can pay them directly using the Paychex Flex app. You can either directly pay them from your account or print and mail the checks for them using this application.

In addition, similar to the self-service portal for employees, contractors also have their self-service portal. Here, they can check in on all their deliverables and see their pay stubs as well.

9. Financial Wellness Assistance

Using the Paychex Flex app, your employees can manage their finances better between receiving their paychecks. If an employee needs short-term loans from the company, they can issue a request through this app.

10. Management Training And Development Programs

Many development and training courses are available in this app for employees and managers. This is most useful for new employees during their onboarding process.

11. 24/7 Customer Support

One of the best features of this app is its 24/7 Paychex Flex customer service. This Paychex Flex support system can be accessed by employers and employees anytime they want. For simplification, there is also an FAQ section!

Paychex Flex Pricing Plans

Paychex Flex Pricing Plans

If you wish to use Paychex Flex, you have to pay a certain price to use all its features. The number of features that you can use depends on the price you have paid as per the plan.

The pricing plans for Paychex Flex login are:

1. Paychex Flex Essentials

Monthly Price: $39 + $5 per employee

With this pricing plan, you will have access to these features:

  • US Payroll
  • Global Payroll
  • Onboarding
  • Tax Filing
  • Benefits Administration
  • Time Tracking
  • Leave Tracking
  • Expense Management
  • Voice Assistant Integration
  • 24/7 Customer Support

2. Paychex Flex Select

Monthly Price: $44 + $3 per employee

With this plan, you will have access to all the features of the previous plan, along with new features like:

  • Job Posting
  • Employee Handbook Builder for Onboarding
  • Analytics and Reporting
  • Accounting Software Integration

3. Paychex Flex Pro

Monthly Price: $89 + $3 per employee

With this plan, you will have access to all the features of the previous plan, along with new features like:

  • Employee Handbook Builder for Onboarding
  • Customizable Analytics and Reporting Software

Conclusion: Is Paychex Flex Right For My Business?

Is Paychex Flex Right For My Business

If you run a small or medium-sized business, then the Paychex Flex payroll app will be a good investment. There are three different pricing plans, which are all pretty affordable. In addition, you also get to add extra features as well.

Since this app is not bloated with too many features, it’s simple and perfect for smaller businesses with less than 50 employees. Bigger businesses should resort to other payroll applications meant for enterprises.

PROSCONS
Easy to usePayment garnishing enabledVarious plans to choose fromAdd extra features as add-onsYou can file taxesVoice assistantIntegration with other softwareAdd-ons can be expensive24/7 customer support is poor in qualityNot meant for bigger businesses with 50+ employees

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Debamalya Mukherjee

Debamalya is a professional content writer from Kolkata, India. Constantly improving himself in this industry for more than three years, he has amassed immense knowledge regarding his niches of writing tech and gaming articles. He loves spending time with his cats, along with playing every new PC action game as soon as possible.

Debamalya is a professional content writer from Kolkata, India. Constantly improving himself in this industry for more than three years, he has amassed immense knowledge regarding his niches of writing tech and gaming articles. He loves spending time with his cats, along with playing every new PC action game as soon as possible.

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