Feb. 26 at 7:06 PM
Paychex Inc shares rose Thursday after the company announced new AI-driven enhancements to its human capital management platforms, Paycor and Paychex Flex, aimed at improving workforce management.
Among the new features is Paycor Smart Scheduler, which uses AI to assign shifts based on employee skills, certifications, availability, and company rules, helping reduce scheduling errors and improve labor optimization. The company also introduced Paycor Agentic Timesheet Approvals, enabling automatic approval of timecards within set thresholds while flagging anomalies for review, and Paycor Auto-Shifts, which builds optimized schedules based on preset parameters such as hour limits and rest periods.
For Paychex Flex, the company launched AI-Powered Time-Off, offering historical insights into peak PTO periods and individual patterns, with plans to roll out a Time-Off Request Agent to guide employees through the request process.
$PAYX