Paycom

Paycom
Paycom Software, Inc.
Public
Traded as NYSE: PAYC
Industry Software SaaS HCM
Founded 1998[1]
Headquarters Oklahoma City, OK, USA
Key people
 Chad Richison (Founder & CEO)[2] Craig Boelte (CFO)
Services Cloud-Based Payroll Services
SaaS
HRM
Revenue

Increase $224.70 million (2015)[3] Increase $150.929 million (2014)[4]

Increase $107.601 million (2013)[5]
Number of employees
 1,000+[6][4]
Website www.paycom.com

Paycom Software, Inc., known simply as Paycom, is an American online payroll and human resource technology provider based in Oklahoma City, Oklahoma.[2][7] It is attributed with being one of the first fully online payroll providers and has offices throughout the U.S.[8] It has also been recognized by Inc. magazine as one of the fastest-growing private companies in the U.S. based on annual revenue growth.[8] Founded in 1998, it reported an annual revenue of $224.70 million for 2015, up from 150.929 million for 2014 and $107.601 million in 2013.[5][9][4]

History

Paycom was founded in 1998 by Chad Richison who had formerly worked in the payroll processing industry.[10] It began as an online payroll service provider for businesses and expanded to offer additional services including human resource management beginning in 2001.[2] In 2007 Richison sold a stake of Paycom to Welsh Carson Anderson and Stowe, a private equity group based in New York, and stayed on as the company's CEO.[2][11]

In 2011, the company moved its headquarters to a new 90,000 square foot office building, remaining in Oklahoma City.[8] The same year it released additional services including E-Verify, onboarding, expense management, and document storage.[12] In 2014, Paycom built a 90,000-square-foot addition to its headquarters—effectively doubling the size of its offices.[13]

Awards and recognition

Paycom has been the recipient of numerous awards and recognition including the Service Bureau of the Year Award and being named to the Metro 50 List of Oklahoma companies with the largest growth from the previous two years.[1] In 2010, it received a Stevie Award for Sales Department of the Year in the Financial Services category,[14] following up with another Stevie Award in 2011 for Best Sales Training Manager of the Year. Inc. has recognized Paycom as both a Top 100 Job Creator in 2012 and 2013[6] as well as one of the Fastest-Growing Private Companies for the years 2006 through 2014.[15] In 2014, Paycom was named to the inaugural Build 100, which recognizes less than 1.5 percent of U.S.-based companies that are noted as sustained-growth champions.[16]

Paycom ranked No. 28 among large businesses on Glassdoor's 2015 Best Places to Work in the U.S. list.[17] In 2013, Glassdoor named Paycom one of the Top Five Best Places to Work in the U.S.[18] and recognized Paycom again in 2014 as one of the Best Places to Work. Additionally, Paycom ranked in the Top 25 Most Difficult Companies To Interview list compiled by Glassdoor, a recognition shared with companies like Google, Facebook, and Microsoft.[19] The same year it received the EPCOR David DeMarea Payments Innovation Award.[20]

Paycom won HR.com's Leadership 500 Excellence Awards in 2015 after earning similar honors in 2014. Paycom earned its place in the midsize company rankings based on its outstanding achievements in leadership development and programs.[21]

References

  1. 1 2 Collinsworth, Alice (22 September 2006). "UCO grad's company earns honors for record growth". Edmond Sun. Retrieved 25 November 2013.
  2. 1 2 3 4 Stafford, Jim (18 March 2008). "Paycom's work pays off, local online payroll, human resources service company extends national reach". The Oklahoman. Retrieved 25 November 2013.
  3. ↑ "Paycom 2015, Form 8-K, Filing Date February 9, 2016". secdatabase.com. Retrieved February 10, 2016.
  4. 1 2 3 "Paycom 2014, Form 10-K, Filing Date February 26, 2015". secdatabase.com. Retrieved March 13, 2015.
  5. 1 2 "Paycom 2013, Form S-1, Filing Date March 10, 2014". secdatabase.com. Retrieved May 27, 2014.
  6. 1 2 Malave, Ted (24 October 2013). "OKC based Paycom named a top job creator by Inc. Magazine". KFOR-TV Channel 4. Retrieved 25 November 2013.
  7. ↑ Lawson, Michael S. (2010). Leading Change in Turbulent Times: How Effective Leaders Execute Change and Land Safely in Health and Business. AuthorHouse. ISBN 978-1-4520-9289-8.
  8. 1 2 3 Bruns, Brian (25 August 2011). "Paycom CEO predicts company growth". The Journal Record. Retrieved 25 November 2013.
  9. ↑ "The 2013 Inc. 5000 List". Inc. 2013. Retrieved 25 November 2013.
  10. ↑ Mecoy, Don (29 November 2009). "Loss leaves boss driven to succeed". The Oklahoman. Retrieved 25 November 2013.
  11. ↑ Marino, Jonathan (19 April 2010). "WCAS Backs GlobalCollect". Mergers & Acquisitions Report. HighBeam. Retrieved 25 November 2013.
  12. ↑ Black, Ron (26 August 2011). "Paycom Celebrates Grand Opening of New National HQ". Ron Black Radio. Retrieved 25 November 2013.
  13. ↑ Bailey, Brianna (9 June 2014). "Paycom projects growth at Oklahoma City headquarters". The Oklahoman.
  14. ↑ "2010 Winners – Company Paycom". The Stevie Awards for Sales & Customer Service. 2010. Retrieved 25 November 2013.
  15. ↑ "Paycom Becomes Eight Year Inc. 500-5000 Honoree". Retrieved 25 November 2013.
  16. ↑ "The Build 100". Inc. Retrieved 27 May 2014.
  17. ↑ Sahadi, Jeanne (9 Dec 2015). "Employees love working at these companies". CNNMoney. Retrieved 8 Jan 2015.
  18. ↑ Karol, Gabrielle (11 Dec 2013). "The Best Medium-Sized Companies to Work For and Why". Fox. Retrieved 27 May 2014.
  19. ↑ Smith, Jacquelyn (9 August 2013). "The 25 Companies That Give The Most Difficult Job Interviews". Forbes. Retrieved 25 November 2013.
  20. ↑ "Paycom received EPCOR award". The Journal Record. 4 November 2013. Retrieved 25 November 2013.
  21. ↑ "Winners Revealed for the 2014 Leadership 500 Excellence Awards". HR.com. 10 April 2014.

External links

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