Inc. Magazine ranked Paycom, a provider of human capital management technology, No. 2,347 on its annual Inc. 500|5000, an exclusive ranking of the nation’s fastest-growing private companies. This marks the eighth-consecutive appearance for the Oklahoma-based company, who joins other independent American entrepreneurial companies such as Zappos, Under Armour, Microsoft and Pandora on the 2013 list of best run, most innovative and most inspiring private companies in America.
“Being an eight-year honoree is humbling and I’m honored that Paycom was once again recognized by Inc. magazine,” Paycom Founder and CEO Chad Richison said. “This accolade is a testament to our focus on providing a great product and employee experience. We are fortunate to be where we are today, roughly 15 years after the company was founded.”
Paycom provides true, cloud-based HR services and payroll technology to tens of thousands of businesses across the country. With proprietary software that streamlines efficiencies for employers, Paycom continues to see its revenue grow year-after-year and has plans to add 700 new jobs with major expansion of their headquarters in Oklahoma City.
From a single application, Paycom’s customers enjoy the convenience of payroll, time and attendance, talent acquisition, HR management and talent management. The convenience of online Software as a Service (SaaS) technology makes Paycom more efficient to operate and less expensive than traditional alternatives. Paycom’s technology is also proving to be the perfect solution for those concerned about their ability to stay in compliance with new health care reform mandates, only adding to its continued growth and popularity.
“The Inc. 5000 was harder to get into this year than ever in its history,” Inc. Magazine Editor and Chief Eric Schurenberg said. “The median company on the list increased sales more than 140 percent since the start of 2010, while the average honoree grew a mind-boggling 468 percent. Those are results most companies could only dream of in the economy of the past three years.”
A complete listing of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region and other criteria, can be found at http://www.inc.com/inc5000/list/2013
Methodology
The 2013 Inc. 500|5000 is ranked according to the percentage of revenue growth from 2009 through 2012. To qualify, companies must have been founded and generating revenue by March 31, 2009. Additionally, they had to be U.S.-based, privately help, for profit and independent –not subsidiaries or divisions of other companies—as of December 31, 2012. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue acquired for 2009 is $100,000; the minimum for 2012 is $2 million. Revenue figures given in the company profiles are for calendar year 2012. Employee counts are as of December 31, 2012. Full-time and part-time employees are included in the employee counts; independent contractors are not. As always, Inc. reserves the right to reject applicants for subjective reasons. The companies of the Inc. 500 represent the top tier of the Inc. 5000, which can be found in its entirety on Inc.com.