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Paychex Explains How New Overtime Rule May Affect EmployersWith the U.S. Department of Labor's proposed expansion of overtime protections expected to impact millions of American workers and their employers, Paychex, Inc., a leading provider of payroll, human resource, insurance, and benefits outsourcing solutions for small- to medium-sized businesses, is outlining key aspects of the newly proposed overtime regulations. "While some aspects of the new overtime regulations may change following the official comment period, all indications are that the updated rules will go into effect sometime in 2016," says Martin Mucci (News - Alert), president and CEO of Paychex. "Paychex will continue to monitor this issue on behalf of our clients, and we'll be there to support them with the solutions needed to manage these new requirements." Here are the highlights of the DOL's proposed overtime regulations:
For more information on the DOL's new overtime rule, visit the Regulatory Updates section of www.paychex.com. Note: The foregoing is provided for informational purposes only, and is not intended to be tax or legal advice. Consult your licensed attorney, accountant, or other tax professional to discuss your particular facts, circumstances, and how these opportunities might apply to your business. About Paychex Paychex, Inc. (NASDAQ:PAYX) is a leading provider of payroll, human resource, and benefits outsourcing solutions for small- to medium-sized businesses. The company offers comprehensive payroll services, including payroll processing, payroll tax administration, and employee pay services, including direct deposit, check signing, and Readychex®. Human resource services include 401(k) plan recordkeeping, section 125 plans, a professional employer organization, time and attendance solutions, and other administrative services for business. A variety of business insurance products, including group health and workers' compensation, are made available through Paychex Insurance Agency, Inc. Paychex was founded in 1971. With headquarters in Rochester, New York, the company has more than 100 offices serving approximately 590,000 payroll clients as of May 31, 2015. For more information about Paychex and our products, visit www.paychex.com. Stay Connected with Paychex
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