Paycom

Paycom was founded in 1998 by Chad Richison, who previously worked in the payroll processing industry.{{cite news |last=Mecoy |first=Don |title=Loss leaves boss driven to succeed |newspaper=The Oklahoman |date=29 November 2009 |url=http://newsok.com/article/3421130 |accessdate=25 November 2013}} It began as an online payroll service provider for businesses, and expanded to offer additional services including human resource management in 2001. On April 15, 2014, Paycom opened for trade on the New York Stock Exchange under the ticker symbol PAYC.

In 2011, it released additional services including E-Verify, onboarding, expense management, and document storage.{{cite news |last=Black |first=Ron |title=Paycom Celebrates Grand Opening of New National HQ |newspaper=Ron Black Radio |date=26 August 2011 |url=http://www.ronblackradio.com/2011/08/paycom-celebrates-grand-opening-of-new.html |accessdate=25 November 2013}} In 2014, Paycom built a 90,000-square-foot addition to its headquarters—effectively doubling the size of its offices.{{cite news |last=Bailey |first=Brianna |title=Paycom projects growth at Oklahoma City headquarters |newspaper=The Oklahoman |date=9 June 2014 |url=http://newsok.com/paycom-projects-growth-at-oklahoma-city-headquarters/article/4875349}} The company completed construction on its third and fourth buildings (in 2016 and 2018, respectively). In 2024, it opened its fifth building, bringing the total square-footage of its corporate campus to 815,000.{{Cite web |date=August 2, 2018 |title=Oklahoma City-based Paycom stock soars after second quarter growth |url=https://oklahoman.com/article/5603385/oklahoma-city-based-paycom-stock-soars-after-second-quarter-growth/ |website=Oklahoman.com}}{{cite news |last=Money |first=Jack |title=Strong Paycom earnings report sends stock soaring |newspaper=The Oklahoman |date=9 February 2017 |url=http://newsok.com/article/5537498}}{{Cite web |title=The Oklahoman Subscription Offers, Specials, and Discounts |url=https://subscribe.oklahoman.com/restricted?return=https%3A%2F%2Fwww.oklahoman.com%2Fstory%2Fnews%2Ftechnology%2F2024%2F09%2F03%2Fpaycom-doubled-workforce-during-covid-leads-to-hq-facility-expansion%2F74832761007%2F&gps-source=CPROADBLOCKDH&itm_source=roadblock&itm_medium=onsite&itm_campaign=premiumroadblock&gca-cat=p&slug=restricted&redirect=true&offer=W-HZ&theme=twentyfour&hideGrid=true&gnt-eid=control |access-date=2025-01-18 |website=subscribe.oklahoman.com}} In May 2022, Paycom held a grand opening ceremony for a new 150,000 square-foot operations center in Grapevine, Texas.{{Cite web |date=2022-05-11 |title=S&P 500 giant Paycom opens highly anticipated Grapevine center, its second-largest office |url=https://www.dallasnews.com/business/2022/05/11/sp-500-giant-paycom-opens-highly-anticipated-grapevine-center-its-second-largest-office/ |access-date=2022-06-02 |website=Dallas News |language=en}}

CEO Chad Richison was the highest paid executive in the United States in 2020, earning $211.13 million from Paycom as part of a 10-year performance contract. The compensation consists mostly of stock shares that only vest if the company reaches specific stock price benchmarks by 2026 and 2030.{{Cite news|last=Gelles|first=David|date=2021-04-24|title=C.E.O. Pay Remains Stratospheric, Even at Companies Battered by Pandemic|language=en-US|work=The New York Times|url=https://www.nytimes.com/2021/04/24/business/ceos-pandemic-compensation.html|access-date=2021-04-25|issn=0362-4331}}{{Cite web|last=Reuter|first=Dominick|title=The CEO of a company you've probably never heard of earned $211 million in compensation last year — and the title of highest-paid chief executive, according to a new ranking|url=https://www.businessinsider.com/2020-highest-paid-ceo-211-million-paycom-chad-richison-2021-4|access-date=2021-05-20|website=Business Insider|language=en-US}}

In 2021, Paycom announced the release of Beti, an enhancement to its payroll system allowing employees to complete their own payroll.{{cite web |last1=Griffin |first1=David |title=Paycom Launches New Self-Managed Payroll System |url=https://www.news9.com/story/60e5a9120758770c23d32eea/paycom-launches-new-selfmanaged-payroll-system |website=www.news9.com |access-date=15 July 2021 |language=en}} Later that year, they bought the naming rights to the Paycom Center, home of the Oklahoma City Thunder.{{Cite web|url=https://www.forbes.com/sites/nicholascrain/2021/07/27/thunder-announce-15-year-naming-rights-agreement-with-oklahoma-city-based-paycom/|title=Thunder Announce 15-Year Naming Rights Agreement With Oklahoma City-Based Paycom|first=Nick|last=Crain|website=Forbes}}

In April 2023, Paycom launched Global HCM™, a human capital management software available in over 180 countries and 15 languages and dialects.{{Cite web |last= |first= |date=2023-04-10 |title=Paycom Launches Global HCM Solution, Expands Reach Internationally |url=https://techrseries.com/human-capital-management/paycom-launches-global-hcm-solution-expands-reach-internationally/ |access-date=2025-03-04 |website=TecHR |language=en-US}}

In December 2023, Paycom announced its next step in HR automation, GONE®, an enhancement to existing Time-Off Request software.{{Cite web |last=Barth |first=Jill |date=2024-08-27 |title=Unveiling the winners: 2024 Top HR Tech Products of the Year |url=https://hrexecutive.com/unveiling-the-winners-2024-top-hr-tech-products-of-the-year/ |access-date=2025-01-24 |website=HR Executive |language=en-US}}

Paycom received the Service Bureau of the Year Award in 2013, and was also named to the Metro 50 List of Oklahoma companies with the largest growth from the previous two years. Paycom has been named a top workplace in Oklahoma by The Oklahoman for eleven consecutive years, including No. 1 in 2016.{{cite web |title=Oklahoma Top Workplaces 2021 |url=https://topworkplaces.com/award/oklahoman/ |website=Top Workplaces |language=en}} Paycom also made Deloitte's Technology Fast 500 list in 2015 and 2016.

Inc. recognized Paycom as a Top 100 Job Creator in 2012 and 2013,{{cite news |last=Malave |first=Ted |title=OKC based Paycom named a top job creator by Inc. Magazine |publisher=KFOR-TV Channel 4 |date=24 October 2013 |url=http://kfor.com/2013/10/24/okc-based-paycom-named-a-top-job-creator-by-inc-magazine/| accessdate=25 November 2013}} and as one of the Fastest-Growing Private Companies for the years 2006 - 2014.{{cite web |title=Paycom Becomes Eight Year Inc. 500-5000 Honoree |url=http://paystreamadvisors.com/paystream-voices/paycom-becomes-eight-year-inc-5005000-honoree/ |accessdate=25 November 2013}} 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.{{cite news |title=The Build 100 |work=Inc. |url=http://www.inc.com/build100/ |accessdate=27 May 2014}}

Paycom won HR.com's Leadership 500 Excellence Awards in 2014 and 2015. Paycom earned its place in the midsize company rankings based on its outstanding achievements in leadership development and programs.{{cite news |title=Winners Revealed for the 2014 Leadership 500 Excellence Awards |publisher=HR.com |date=10 April 2014 |url=http://www.hr.com/en/about_us/hr_com_press_releases/winners-revealed-for-the-2014-leadership-500-excel_htrixzc3.html}}

Paycom was named one of the Wall Street Journal’s Best Managed Companies in 2019.{{Cite news|url=https://www.wsj.com/articles/explore-the-management-top-250-11574436776|title=Explore the Management Top 250|date=2019-11-22|work=Wall Street Journal|access-date=2020-02-07|language=en-US|issn=0099-9660}} In 2021, they were named one of the Best Companies for Women to work in the United States by Comparably.{{Cite web|last=Staff|first=Journal Record|date=2021-12-21|title=Paycom named a top company for women nationally {{!}} The Journal Record|url=https://journalrecord.com/2021/12/21/paycom-named-a-top-company-for-women-nationally/|access-date=2022-02-17|language=en-US}}

Paycom was added to the S&P 500 in January 2019, and was listed sixth on Fortune’s 2019 100 Fastest-Growing Companies List. The list is a ranking of the world’s top three-year performers in revenues, profits, and stock returns.{{Cite web|title=100 Fastest-Growing Companies|url=https://fortune.com/100-fastest-growing-companies/2019/|access-date=2020-06-17|website=Fortune|language=en}}{{Cite web|date=2019-08-16|title=Paycom No. 6 on Fortune's list of fastest-growing companies|url=https://journalrecord.com/2019/08/16/paycom-no-6-on-fortunes-list-of-fastest-growing-companies/|access-date=2020-06-17|website=The Journal Record|language=en-US}}{{Cite web|date=2019-08-17|title=Oklahoma business briefs for Aug. 17, 2019|url=https://oklahoman.com/article/5638827/oklahoma-business-briefs-for-aug-17-2019/|access-date=2020-06-17|website=Oklahoman.com|language=en-US}}{{Cite web|last=Novet|first=Jordan|date=2020-01-23|title=Cloud software vendor Paycom beats rival Workday into the S&P 500 because of one key metric: profit|url=https://www.cnbc.com/2020/01/22/paycom-software-joins-sp-500-replacing-centene.html|access-date=2020-06-17|website=CNBC|language=en}}

It has been recognized by Fortune and Forbes as one of the fastest-growing publicly traded companies in the world, and as one of the World's Most Innovative Enterprise Companies and World's Most Innovative Human Resources Companies by Fast Company in 2022 and 2025 respectively.{{cite news |title=Fortune 100 Fastest-growing companies |magazine=Fortune |date= September 11, 2017 |url=http://fortune.com/100-fastest-growing-companies/paycom-software/ |accessdate=27 February 2018}}{{cite news |last=Konrad |first=Alex |title=Meet the fastest growing public tech companies in 2017| magazine=Forbes |date=23 May 2017 |url=https://www.forbes.com/sites/alexkonrad/2017/05/23/fastest-growing-public-tech-companies-in-2017/#4185e5e71ea7 |accessdate=27 February 2018}}{{Cite web |last=Woodruff |first=Jay |date=2022-03-08 |title=The 10 most innovative enterprise companies in 2022 |url=https://www.fastcompany.com/90724396/most-innovative-companies-enterprise-2022 |access-date=2022-03-11 |website=Fast Company |language=en-US}}{{Cite web |last=Hess |first=AJ |date=2025-03-18 |title=The most innovative human resources companies of 2025 |url=https://www.fastcompany.com/91269597/human-resources-most-innovative-companies-2025 |access-date=2025-03-18 |website=Fast Company}}

Paycom has been named to TIME's World's Best Companies of 2023 and World's Best Companies of 2024 lists, identified based on employee satisfaction, revenue growth and sustainability.{{cite magazine |title=World's Best Companies of 2023 |url=https://time.com/collection/worlds-best-companies-2023/ |access-date=12 September 2024 |magazine=TIME}}{{cite magazine |title=World's Best Companies of 2024 |url=https://time.com/collection/worlds-best-companies-2024/ |access-date=12 September 2024 |magazine=TIME}} TIME also recognized Paycom among its inaugural list of America's Best Midsize Companies of 2024.{{cite magazine |title=America's Best Midsize Companies of 2024 |url=https://time.com/collection/americas-best-midsize-companies-2024/ |magazine=TIME |access-date=12 September 2024}}

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• {{official|https://www.paycom.com}}

{{Finance links|name=Paycom Software, Inc.|symbol=PAYC|reuters=PAYC.N|bloomberg=PAYC:US|sec_cik=0001590955|yahoo=PAYC|google=PAYC:NYSE|nasdaq=PAYC}}

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Category:Business services companies established in 1998

Category:Financial services companies established in 1998

Category:Companies based in Oklahoma City

Category:Companies listed on the New York Stock Exchange

Category:2014 initial public offerings