Paychex, a global leader in human capital management (HCM) solutions, has revealed its latest innovation, HR Analytics Premium Plus. The solution is enhanced with generative AI capabilities, designed to empower small and medium-sized businesses (SMBs) with enterprise-level workforce insights.
This advanced analytics tool integrates seamlessly with Paychex Flex, the company’s cloud-based platform, and is powered by Visier, a leader in workforce AI solutions. It provides real-time benchmarking by combining Paychex’s extensive datasets with Visier’s insights.
What Sets HR Analytics Premium Plus Apart?
The HR Analytics Premium Plus package offers innovative features:
- Employee Job Matching: Analyze roles against industry standards.
- Compensation Benchmarking: Compare salaries using data from over 20 million employee records.
- Generative AI Insights: Simplify complex datasets for actionable recommendations.
“SMBs now have tools to make smarter decisions, from optimizing resources to retaining top talent,” said Beaumont Vance, SVP of Data and AI at Paychex.
Why This Matters
Traditionally, SMBs have struggled to compete with larger enterprises due to limited access to robust data insights. With this innovation, Paychex bridges the gap, enabling these businesses to attract, retain, and grow talent more effectively.
“The embedded technology partnership between Paychex and Visier levels the playing field,” noted Dave Weisbeck, Chief Strategy Officer at Visier.
Driving Smarter Decisions
HR Analytics Premium Plus is already making waves with its actionable insights. Available directly through Paychex Flex or with HR advisors, the tool provides clear pathways for SMBs to address workforce challenges.
