Paycom Software, Inc., sometimes known as Paycom, is an American online payroll and human resource technology provider with locations around the United States. Its headquarters are in Oklahoma City, Oklahoma. One of the earliest totally online payroll service providers, according to legend. It has been named one of the world’s fastest-growing publicly traded firms by Fortune and Forbes, and Fast Company will list it among the World’s Most Innovative Enterprise Companies in 2022.] It was established in 1998, and in 2021, it recorded $1.06 billion in yearly revenue, an increase from $841.1 million in 2020. Chad Richison, who had previously worked in the payroll processing sector, created Paycom in 1998. In the beginning, it offered businesses an online payroll service. In 2001, it grew to include other services, such as human resource management. Paycom began trading on the New York Stock Exchange on April 15, 2014, under the ticker PAYC.
Paycom’s corporate headquarters were relocated to a brand new 90,000 square foot office facility in 2011, staying in Oklahoma City. In addition , it introduced E-Verify, onboarding, expenditure management, and document storage that same year. Paycom expanded its headquarters by 90,000 square feet in 2014, essentially tripling the size of its offices. The corporation finished erecting its third and fourth structures (in 2016 and 2018, respectively), increasing the corporate campus’s total square footage to 500,000. Paycom staged a ribbon-cutting ceremony for a brand-new 150,000 square foot operations facility in Grapevine, Texas, in May 2022. CEO Chad Richison received $211.13 million from Paycom as part of a 10-year performance contract, making him the highest paid executive in the United States in 2020.
Personal Life Of Chad Richison :
Richison, who resides in Edmond , Oklahoma , with his family, belongs to both the Oklahoma Business Roundtable and the Greater Oklahoma City Chamber of Commerce. His net worth was assessed by Forbes to be $ 2.3 billion as of September. Richison is the youngest Oklahoman on the list of Oklahoma’s seven billionaires and one of the state’s only seven. Richison gave his alma mater’s athletic department the single largest donation ever in November 2015, according to records at the time. He gave UCO Athletics a $10 million contribution to build an athletic complex. He added a $4 million pledge to its ” finish the dream ” campaign in October 2017.