Paycom
Paycom offers online payroll services and HR software solutions for both big and small businesses to manage the entire employment life cycle, from recruitment to retirement.
Description
Paycom is a human resources technology company based in the United States. Founded in 1998 by Chad Richison, the company is headquartered in Oklahoma City, Oklahoma. Paycom’s primary focus is on providing payroll and HR solutions to businesses of all sizes. Paycom offers a comprehensive suite of products and services that encompass the entire employee lifecycle. Its main products include payroll processing, tax management, talent acquisition, time and labor management, HR management, and employee self-service. With these tools, businesses can streamline their HR processes, improve compliance, and enhance employee productivity. On a global scale, Paycom primarily operates within the United States. The company serves over 35,000 clients across various industries and has a strong presence in the American market. However, it does not have any noteworthy subsidiaries, joint ventures, or partnerships outside of the United States. In terms of market position, Paycom has established itself as a leading player in the HR technology industry. It competes with other notable companies such as ADP, Oracle, and Workday. Paycom’s focus on providing comprehensive HR solutions and its user-friendly interface has enabled it to carve out a significant market share. Throughout its history, Paycom has achieved several milestones and received recognition for its products and services. In 2019, Forbes named Paycom the best midsize employer in America. Additionally, the company has consistently been included in the Deloitte Technology Fast 500 list, which highlights the fastest-growing technology companies. As of the latest updates, Paycom continues to experience steady growth. The company reported record-breaking revenue of $810.6 million in 2020, representing a 12% increase compared to the previous year. Paycom’s dedication to innovation and its ability to adapt to changing market demands have contributed to its ongoing success. The company remains focused on providing cutting-edge HR technology solutions to help businesses thrive in the modern workplace.
