Paychex Named One of the World’s Most Ethical Companies

Paychex, Inc. has been recognized by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, as one of the 2019 World’s Most Ethical Companies. Paychex is a provider of integrated human capital management solutions for payroll, benefits, human resources, and insurance services.

Paychex and its employees are proud to have be recognized 11 times since the Ethisphere Institute began awarding the honor in 2007.

“We believe we have a responsibility to enrich our local communities, support our employees, be good stewards of the environment, and help our clients do business – the right way,” said Paychex president and chief executive officer Martin Mucci. “As a leader in our industry, our clients, employees, shareholders, and communities count on us to have the very highest ethical business practices, so to be recognized for living this fundamental value is something we’re immensely proud of.”

According to the Ethisphere Institute, 128 honorees were recognized this year, spanning 21 countries and 50 industries. The thirteenth class of honorees profoundly illustrate how companies continue to be the driving force for improving communities, building capable and empowered workforces, and fostering corporate cultures focused on ethics and a strong sense of purpose.

“Today, employees, investors, and stakeholders are putting their greatest trust in companies to take leadership on societal issues. Companies that take the long view with a purpose-based strategy are proven to not only outperform but last,” said Ethisphere’s chief executive officer, Timothy Erblich. “I congratulate everyone at Paychex for earning this recognition.”

Methodology & Scoring The World’s Most Ethical Companies assessment is based upon the Ethisphere Institute’s Ethics Quotient^® (EQ) framework, which offers a quantitative way to assess a company’s performance in an objective, consistent and standardized manner. The information collected provides a comprehensive sampling of definitive criteria of core competencies rather than all aspects of corporate governance, risk, sustainability, compliance, and ethics.

Scores are generated in five key categories: ethics and compliance program (35 percent), culture of ethics (20 percent), corporate citizenship and responsibility (20 percent), governance (15 percent) and leadership and reputation (10 percent). All companies that participate in the assessment process receive their scores, providing them with valuable insights into how they stack up against leading organizations.

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