Amplify PEO vs Paychex PEO

Amplify HR is a PEO that provides human resources and payroll services to small and medium-sized businesses (SMBs). The company was founded in 2018 and is headquartered in Lincolnshire, Illinois. They help each of their client's businesses and employees grow by handling the administrative aspects of HR, payroll administration, risk management, employee benefits administration, workers' compensation, and compliance. They use a cloud-based technology portal to deliver their services, like payroll information, benefit deductions, and time clock information. They claim that their clients experience 32% faster growth and 21% cost savings and that it saves companies an average $1,185 per employee per year. They do not share specific solution plans or pricing on their website, so prospective clients have to submit a form to be contacted.

Paychex is a leading supplier of comprehensive human capital management systems for payroll, employee benefits, human resources, retirement plans, and business insurance services in the US and Northern Europe. Paychex, Inc. (NASDAQ: PAYX) was founded in 1971 and has more than 730,000 client companies, mostly small to medium-sized businesses but also larger businesses. They are considered one of the top companies in their field, claiming to pay 1 in 12 employees in the private sector. They offer three package categories tailored to fit a business's size and needs, with flexible payment options. They also boast easy-to-use online services and expert consultants that ensure proper federal and state compliance and can get you valuable tax credits and phone and online support. Paychex services vary according to the organization's needs and size, with a base monthly cost of $39 plus $5 per employee.