Paycom is a public company in computer software with 1001-5000 employees founded in 1998. Paycom's reputation score is 16%, which is bad.



Editorial review

Paycom … Head is in the Clouds Somewhere?

It’s all going that way now folks, another cloud based service by Paycom (PAYC) a provider of Human Capital Management (HCM) offering software solutions. “Human Capital”, what does that even mean and what was wrong with Personnel Management? Remember The Prisoner, “I am not a number, I am a free man”. It’s a swanky software solution from recruitment up to retirement. They opened their doors to the world on the 31st October 2013 and their share price is hovering around USD 41.50 early June 16.

It’s a chunky price for a share and not to be sniffed at, so we drilled down and had a look at around 50 websites but only in the last year or so. We can no longer consider any reviews older than a year as lots can happen in a company in a year. We do not see the point of marking a company down if they have made serious efforts in rectifying their problems and if they pinned down some snazzy executive, this can easily be achieved in one year.

The most impressive so far is that the company’s accounts were released for year ending 31st December 2015 and their net income attributable to the company trebled in 2015 in comparison to 2014. That type of numbers is very unusual in business and is indeed very impressive but there could be a number of factors that needs to be considered. We would look into things like if this threefold is totally related turnover and not auctioning off the family silverware or in other words the fixed assets. So far, so good.

Apparently, they have found a tight niche in the market whereby Paycom’s solution does not require much customization and is purely based upon a system of record being maintained in a single database for all their Human Capital Management (HCM) processes. Well, nothing really special there in terms of a single database but impressive with regards to not requiring much hands on bespoking the software. One can read this in terms that they are forcing their clients to use their one database to fit all requirements as most companies do get hung up on their legacy systems.

So, these guys and gals at Paycom can do your recruitment, timesheet, payroll, reporting, applicant tracking, background checks, ACA payments and other taxation. Paycom can easily handle scheduling, holiday requests, obviously salaries and expenses management which is always a sore point with companies. Additionally, they can also do budgeting, compensation, performance calculations, document archiving, aligning to governmental or compliance laws, surveys and COBRA administration. It’s beginning to sound like a micro-management software and the only thing we detected that was missing is how about the toilet breaks?

So, is the above niche their little secret for the 63% hike in income for 2015?

Once again, we cannot locate a single verifiable customer testimonial and this would be our task to find a few.

Has Mr Chad Richison got the Midas Touch?

Chad Richison, the current founder, President and the Chief Executive Officer of Paycom. We couldn’t help but wonder if the man trusts anyone as he’s got all the 3 keys roles in the company and isn’t that one of the rules in resource, trust?

He was born in Tuttle, Oklahoma and took his tertiary education there too. He started his career with a large payroll company and probably spent most of time dreaming up his future, then moved to Colorado and worked for a smaller payroll company. In 1998, he made his dream happen and founded Paycom, we will surely feature Mr Richison in the future as he’s proving to be something special.

The 21st April 2014 must have been a very special day for him as he floated on the New York Stock Exchange (NYSE) offering 6,645,000 shares that yielded a whopping USD 64.3 million, there must have been some champagne flowing that night!

Mala Papachan
08 Jun 2016

Paycom Contact Details

Website

Social media accounts

Company Profile

Type: Public Company

Headquarters: 7501 W Memorial Rd Oklahoma City, OK 7314, USA

Industry: Computer Software

Company Size: 1001-5000 employees

Founded:1998

Employees

, Founder and CEO
, Sales Executive at Paycom
, Operations Talent Acquisition Team Lead
, Corporate Recruiter at Paycom
, Human Capital Consultant at Paycom
, Employing top sales talent nationwide
, Leader of East Coast Client Relations
, N/A
, Helping build the best sales force in America!
, Seeking Talented Individuals for our St. Louis, Philadelphia, Denver and Tampa Offices
, Senior Paycom Specialist II at Paycom

Data Matching (Fuzzy Search)

This function searches for similarities in different listings, e.g. when two companies have similar addresses or phone numbers, even if they are not exactly the same.

The following companies have something in common with Paycom:


PAYCOR.COM - RepScore = 82% (Excellent), similarity index = 60%

PAYCOM BILLING SERVICES, INC. - RepScore = 100% (Excellent), similarity index = 31%

Country affiliation

United States
100%

Possible negative reviews and complaints for Paycom

Paycom Software, Inc. - SEC

Unless we state otherwise or the context otherwise requires, the terms “Paycom,” “we,” “us,” “our” and the “Company” refer, prior to the 2014 Reorganization ...

Source

Paycom News

Top Workplaces: Paycom employees enjoy parties, fitness classes ...

Dec 15, 2013 ... Paycom's employee count has been on a steep growth curve — the company announced in February that it has plans to more than double its ...
Source

Paycom Payroll Holdings, LLC: Private Company Information ...

Paycom Payroll Holdings, LLC provides payroll and human resources (HR) service technology solutions. It offers Paycom, a cloud-based application that ...
Source

Paycom Lawsuits

Paycom Payroll, et al v. Richison, et al, No. 13-6181 (10th Cir. 2014 ...

The company was called "Ernest Group, Inc." and did business under the name " Paycom Payroll." David wrote two software programs for use at the company.
Source

Website check

www.paycom.com registration date: 25 August 1998 - more than 3 years ago

This site uses a WHOIS protect service to hide its real owners and operators. Red flag.

domain www.paycom.com is not listed in spam databases: good

Visitor comments about Paycom



on commented

We have had MANY issues over the last year with Paycom including them overdrafting our bank account by 30K because they made errors. We get notices from the state for late tax filings and rarely have weeks where they haven't screwed up something. The worst. We are looking for others with issues to write a combined letter of complaint.


on commented

Great customer service! We have a dedicated specialist we can call directly to assist with questions. Response to emails is quick too. We had on site training for first couple of payrolls.


on commented

Terrible to do business with


on commented

We are leaving them, system is not user friendly, or intuitive, spending way too much time emailing customer service to get answers that take four days to tell me they cannot do it. Nothing links together, situation of triplicate work, for one task.


on commented

They over promise and fail to deliver. They don;t allow their staff the ability or time to adequately handle the customer. They promise to handle your payroll but if their are problems, they take no responsibility.


on commented

Late for payroll deposit deadline for the third time this year. I work with three hundred people, and we all have to wait on paycom.


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