Paycom Software, Inc. is a leading provider of comprehensive, cloud-based human capital management (HCM) software solutions that help businesses streamline their payroll, human resources, talent management, and time and labor management processes. The company was founded in 1998 by Chad Richison, who identified the need for a more efficient and user-friendly payroll processing solution for businesses. Paycom is headquartered in Oklahoma City, Oklahoma, United States.
Paycom primarily serves businesses across various industries, offering a single-database HCM solution that covers various aspects of workforce management, which include:
Payroll Services: Paycom provides payroll processing services that help businesses manage their payroll obligations efficiently and in compliance with relevant laws and regulations. The company''s payroll solution includes features such as direct deposit, tax filing, garnishment processing, and payroll reporting.
Human Resources Services: Paycom offers a range of HR services, such as employee onboarding, benefits administration, performance management, and regulatory compliance assistance. The company''s HR solution helps businesses streamline their HR processes and ensure compliance with complex employment laws.
Talent Management: Paycom provides talent management solutions that cover the entire employee lifecycle, from recruitment and selection to performance management and succession planning. The company''s talent management suite includes applicant tracking, onboarding, learning management, and performance management tools.
Time and Labor Management: Paycom offers time and labor management solutions that help businesses accurately track employee hours, manage schedules, and ensure compliance with labor laws. The company''s time and labor management suite includes time clocks, time tracking software, and scheduling tools.
Analytics and Reporting: Paycom provides advanced analytics and reporting tools that help businesses gain insights into their workforce data, identify trends, and make data-driven decisions to optimize their workforce management processes.
Paycom''s HCM solutions are delivered through a cloud-based platform, allowing businesses to access and manage their workforce data from anywhere, at any time, and on any device. The company''s software is designed to be user-friendly and scalable, making it suitable for businesses of various sizes and complexities.
As a provider of HCM software solutions, Paycom must navigate various international, national, and local regulations related to employment, taxation, data privacy, and other aspects of its operations. The company also faces competition from other HCM solution providers and needs to continuously innovate to stay ahead in the rapidly evolving technology landscape.
Paycom Software, Inc. is publicly traded on the New York Stock Exchange (NYSE) under the ticker symbol "PAYC."
In addition to its core business, Paycom is committed to corporate responsibility, focusing on areas such as environmental sustainability, community engagement, diversity and inclusion, and ethical governance. The company supports various initiatives and partnerships aimed at promoting education, research, and environmental stewardship, and actively engages in efforts to reduce its environmental footprint and promote responsible business practices.
Comments