PAYC 📈 Paycom Soft - Overview

Paycom Software, Inc. is a leading provider of cloud-based human capital management (HCM) solutions, catering to the needs of small to mid-sized companies in the United States. By delivering its services as software-as-a-service, the company enables businesses to efficiently manage the entire employment life cycle, from recruitment to retirement. This comprehensive HCM solution encompasses a broad range of applications, including talent acquisition, time and labor management, payroll, and talent management, all of which are designed to streamline HR processes and provide actionable insights through data analytics.

The company's HCM solution includes a suite of applications that facilitate talent acquisition, such as applicant tracking, candidate tracking, background checks, on-boarding, and tax credit services. Additionally, it offers time and labor management tools, including time and attendance tracking, scheduling, time-off requests, labor allocation, and labor management reports. The solution also features payroll applications, comprising payroll and tax management, payroll card, expense management, and garnishment administration, among others. Furthermore, the talent management applications provide employee self-service, compensation budgeting, performance management, and Paycom learning, enabling businesses to develop and retain their workforce effectively.

Paycom's HCM solution also includes a range of tools that enhance managerial productivity and employee engagement. For instance, the manager on-the-go feature allows supervisors and managers to perform various tasks, such as approving time-off requests and expense reimbursements, while on the move. The solution also provides direct data exchange, a tool for direct line of communication, document and checklist management, government and compliance support, benefits administration, and COBRA administration, among other features. Moreover, the company's Clue tool securely collects, tracks, and manages vaccination and testing data of the workforce, ensuring a safe and healthy work environment.

Founded in 1998 and headquartered in Oklahoma City, Oklahoma, Paycom Software, Inc. has established itself as a reputable player in the application software industry. With its comprehensive HCM solution and commitment to innovation, the company continues to support the growth and success of small to mid-sized businesses across the United States. As a publicly traded company, Paycom Software, Inc. is listed on the NYSE under the ticker symbol PAYC, and its common stock is classified under the GICS Sub Industry of Application Software.