Paychex CEO: We see challenges in the small-end of the market
December 20, 2025 • 1m 36s
John Gibson (President & CEO)
00:00.110
look
i
i
think
when
you
step
back
at
a
macro
basis
you
know
our
small
business
job
index
really
has
remained
relatively
stable
in
twenty
twenty
five
really
with
we
also
see
continued
moderation
in
wage
inflation
when
what
we
reported
today
is
our
same
store
workforce
levels
for
John Gibson (President & CEO)
00:16.870
our
clients
now
that's
more
broadly
across
our
entire
base
not
just
the
small
market
which
is
fifty
employees
on
glass
that's
essentially
flat
for
the
quarter
what
we
see
is
continued
challenges
particularly
in
the
small
end
of
the
market
finding
qualified
employees
the
other
John Gibson (President & CEO)
00:32.470
thing
i
will
tell
you
jim
is
of
course
there's
there's
businesses
are
trying
to
manage
their
costs
and
that's
one
of
the
things
we
reported
today
as
well
one
of
the
things
that
we've
seen
thus
far
is
that
a
lot
of
our
clients
are
not
buying
as
many
of
our
ancillary
attachment
John Gibson (President & CEO)
00:47.270
products
as
as
we've
what
we
expected
for
the
quarter
and
that
led
to
some
of
the
guidance
discussions
that
we
had
today
but
overall
small
businesses
are
healthy
i
think
the
the
the
macro
environment
is
is
solid
we
see
no
signs
of
recession
and
i
think
going
into
twenty
twenty
John Gibson (President & CEO)
01:04.870
six
with
some
tax
clarity
interest
rates
as
you
mentioned
beginning
to
ease
i
think
we
have
some
things
to
to
look
forward
to
? (?)
01:12.550
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