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Paychex (PAYX) Unveils AI-Driven Workforce Management Tools for Paycor and Flex Platforms [Yahoo! Finance]
Last paychex, inc. earnings: 3/25 08:15 am
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US:NASDAQ Investor Relations: investor.paychex.com
advancements within its Paycor and Paychex Flex platforms, aimed at streamlining workforce management for businesses. These updates focus on automating complex HR tasks such as scheduling, time and attendance, and payroll preparation. According to research cited by the company, these types of modern automation tools can significantly improve operational efficiency, potentially returning over $12 for every dollar invested and reducing scheduling time by up to 50%. The latest technological enhancements include the Paycor Smart Scheduler, which uses AI to match employee skills and availability to specific shifts while adhering to business rules. Another key feature, Paycor Agentic Timesheet Approvals, automatically scores timecards against set thresholds and flags only anomalies for human review, accelerating the pre-payroll process. Additionally, the Paycor Auto-Shifts tool helps managers create optimized shift plans that account for labor laws and fair-workweek regulations to reduc
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