I came up with the idea for what later became Paychex in 1970 when I was working for Electronic Accounting Systems, a company that sold payroll processing to companies with 50 to 1,000 employees.
Sentiment: NEGATIVE
Electronic Accounting Systems processed my little payrolls like one big payroll. I did the selling, and the people I hired did most of the operations.
It struck me that most businesses have less than 100 employees, but most payroll services were going after bigger companies.
I actually once sat at the back of a payroll class in America - just me and 40 women! And I'm sitting back there, learning payroll, because I want to understand it. So that when I talk to people about payroll I know what they're talking about. And I set up and managed and ran a full payroll system myself.
We picked a great marketplace. We were a pioneer in payroll processing for very small companies. And we had the perseverance and good fortune enough to stick it out.
I still have my first paycheck. It was just, I think, a dollar or two that I got when I started as a songwriter with BMI, and I had some songs there that I had through the company, and in the mail I got this big old check for, like, a dollar and a half or something. Somebody had recorded one of my songs.
Employees, especially young people, want more than a paycheck.
I got my first big paycheck for 'My Best Friend's Wedding.' This was in the days when you actually did get paid to have a supporting role. It just doesn't happen like that anymore, but this was in the '90s. It was the golden age!
I have had a 'real' job for only four years of my life, which means I only collected a traditional paycheck for that very short period of time.
I made a penny for each paper delivered every day, plus 2 cents for Sunday papers. I had 120 customers. For a 10-year-old kid in the 1940s, that was a lot of money.
I never once had a regular paycheck. Not for more than six weeks in a row and for the most part not even that. I still haven't. The notion of some whistling kid with a mail cart coming down the hall and handing me my weekly paycheck is something I've only seen in Matthew Broderick movies.