History of Paycom
Paycom is a leading provider of cloud-based human resources (HR) and payroll software, founded in 1998 by Chad Richison in Oklahoma City, Oklahoma. The company’s goal was to revolutionize the HR industry by offering a seamless, integrated platform that would streamline payroll processing, tax compliance, and other HR functions. Paycom initially focused on offering payroll services to businesses of all sizes but expanded its offerings over time to include features like talent acquisition, time and labor management, and employee benefits administration.
Over the years, Paycom grew rapidly and became known for its innovative approach to HR technology. In 2014, the company went public and was listed on the New York Stock Exchange under the ticker symbol 'PAYC.' This move fueled further expansion, and Paycom has since become one of the largest and most successful HR technology companies in the U.S. It serves thousands of businesses across the country, providing solutions to manage their entire workforce lifecycle from recruitment to retirement.
Today, Paycom continues to focus on enhancing its platform with new features, particularly in areas such as artificial intelligence and automation, to help businesses optimize their HR processes and improve the employee experience. With a reputation for strong customer service and cutting-edge technology, Paycom remains a key player in the HR tech space, helping organizations streamline operations, reduce costs, and increase efficiency.