Recognized for its commitment to employee development and innovative software solutions, Paycom stands out in the competitive tech landscape.
In an era where employee retention is a growing concern for businesses, Paycom has distinguished itself as a leading employer for tech professionals, earning a coveted spot on Forbes’ America’s Best Employers for Tech Workers 2024 list. The recognition is particularly significant as 33% of U.S. hiring managers anticipate increased employee turnover in the coming year, with the potential to cost companies an average of $36,295 annually.
The Survey Methodology
This prestigious list, compiled in partnership with Statista, was derived from an extensive survey involving over 25,000 tech workers employed at companies with at least 1,000 employees in the U.S. Forbes defines tech workers as those engaged in roles focused on IT functions, including software development, cybersecurity, cloud computing, data project management, and technical support.
Respondents were evaluated based on personal recommendations of their current and previous employers and public insights from industry peers or friends. The final score prioritized personal evaluations, assessing factors such as salary, professional development opportunities, workplace flexibility, and the company’s reputation for being technologically progressive.
Paycom’s Commitment to Innovation
As a leading provider of cloud-based human capital management software, Paycom has consistently pushed the boundaries of technological advancement. Its award-winning software is entirely developed in-house, allowing employees to engage directly in coding, testing, and support. This hands-on approach not only redefines industry standards but also fosters a sense of ownership and pride among its tech professionals.
Brad Smith, Paycom’s Chief Information Officer, emphasized the importance of their technology teams in delivering top-tier security and support. He remarked, “Most technologists dream of building software that impacts the lives of others. I’m proud that Paycom helps fulfill that dream every day, allowing our technology professionals to build and support software that simplifies life for employees all over the world and provides high client value through automation.”
Cutting-Edge Solutions
Paycom’s innovative products play a significant role in its recognition as a top employer. Among these is GONE®, a feature that automates the approval and denial process for time-off requests, enhancing staffing efficiency. GONE has earned accolades, including the 2024 Top HR Products award from Human Resource Executive magazine.
Another standout is Beti®, an automated payroll solution that empowers employees to manage their payroll directly. This product won the Top HR Product of 2021 by Human Resource Executive magazine and the Globee® Business Awards in 2023.
A Supportive Workplace Culture
Beyond technology, Paycom’s workplace culture significantly contributes to its reputation as a top employer. The organization offers comprehensive benefits, including:
- $1-per-pay-period individual health insurance
- Dental and vision insurance
- A 401(k) plan with matching
- Paid family leave
- An employee stock purchase plan (ESPP)
Additionally, Paycom invests in professional development through leadership and role-based training programs. The company holds events where team members collaborate on coding projects and participate in conferences that promote team-building and career insights.
Recognitions and Awards
Earlier this year, Paycom received multiple accolades for its workplace environment, including:
- The 2024 Tech Cares award from TrustRadius for exceptional support for workers and communities.
- Inclusion in TIME’s World’s Best Companies of 2024 list.
- Recognition on USA Today’s list of 2024 Top Workplaces for the fourth consecutive year.
The company has also made it to Comparably’s Best Leadership Teams and Best Career Growth lists, highlighting its strong organizational culture.
Employee Testimonials
Employees at Paycom praise the company for fostering an environment conducive to professional growth. Marci McCloskey, Manager of IT Governance, Risk, and Compliance, stated, “Paycom has created an environment that allows intelligent, driven, collaborative people to soar. The scope and impact of the projects we work on is unlike anywhere else I have worked. Paycom brings the best people together and pushes us to the next level, making for an incredibly fulfilling career.”
As the tech landscape continues to evolve, Paycom’s commitment to employee satisfaction and innovation positions it as a frontrunner in attracting and retaining top talent in the industry.
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