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Paycom grows revenue, hires more staff in Oklahoma City

Paycom’s total revenue was $33.3 million for the second quarter, up from $23.9 million a year ago, primarily due to the addition of new clients, the company said.
by Brianna Bailey Modified: August 9, 2014 at 10:00 pm •  Published: August 9, 2014
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Paycom Software is seeing double-digit revenue growth, and is still hiring research and development staff in Oklahoma City at a rapid pace.

The company’s total revenue was $33.3 million for the second quarter, up from $23.9 million a year ago, primarily due to the addition of new clients, the company said.

Paycom CEO Chad Richison believes Paycom’s movement towards more mobile-based solutions will meet the demands of the next generation of workers.

As younger employees enter the workforce, they will expect to be able to access their time card, pay information and other human resources data via one application on their phone or tablet, he said.

“As my children and a new generation of workers step in, they are going to expect this type of function and technology,” he said.

The firm launched Paycom Push Reporting during the second quarter of the year, which allows employees to generate individualized reports via their mobile device.

After opening news sales offices in five new cities during the first quarter of the year, Paycom has considered hiring research and development staff at a rapid clip in Oklahoma City over the past few months, Richison said, although the company declined to provide firm numbers.

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by Brianna Bailey
Business Writer
Brianna Bailey has lived in Idaho, Germany and Southern California, but Oklahoma is her adopted home. She has a bachelor's degree in Journalism from the University of Oklahoma and has worked at several newspapers in Oklahoma and Southern...
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