Latest news with #PaycomSoftware
Yahoo
9 hours ago
- Business
- Yahoo
Paycom Data Reveals Unexpected Trends in Employee Summer Vacation Habits
OKLAHOMA CITY, June 04, 2025--(BUSINESS WIRE)--Paycom Software, Inc. (NYSE: PAYC) ("Paycom"), a leading provider of comprehensive, cloud-based human capital management software, revealed workplace data around U.S. employees' summer time-off habits. According to Paycom, nearly one-quarter of employees do not officially submit their vacation requests until the day of their trip, or weeks after the fact. Unclear time-off policies and inconsistent enforcement may contribute to this trend. According to a 2023 Paycom study, one-third of employees struggle to understand their company's time-off policies — which may deter employees from complying in a timely and accurate manner. The lack of documented time-off requests can have a ripple effect, causing pay errors, data discrepancies and accrual mistakes, along with a more immediate impact on ensuring adequate staffing levels for business continuity. "Undermanaged time-off processes are often the root of understaffing or downturns in productivity during popular vacation seasons," said Tiffany McGowen, senior executive vice president of HR and talent acquisition at Paycom. "Organizations need accessible, efficient and consistent time-off systems that prioritize business continuity and employee experiences." The upcoming vacation surge Effective time-off systems have become even more essential as businesses prepare to handle a surge of 40% more time-off requests during the summer season. Time off around Independence Day, specifically, is the most in-demand vacation request of the summer, with 326% more requests on July 5 than the average day in 2024. To prepare for the flood of requests, Paycom recommends organizations: set and regularly audit time-off policies to ensure they align with current staffing thresholds. implement deadlines for time-off requests on popular vacation dates. The average employee requests time off around 34 days in advance for high-demand vacation days. empower managers to reiterate company expectations around time-off request procedures. use software that automates time-off decisions based on established time-off policies, and then automatically updates those decisions in scheduling, payroll and more. Paycom's Time-Off Requests featuring GONE® tool automates traditionally undermanaged time-off processes, instantly approving or denying employees' time-off requests based on criteria set by managers. A company's time-off policies are embedded in the software, providing consistent and transparent decisioning for an improved employee experience. It also removes friction from the time-off process because employees can submit time off from their phones anywhere, anytime. For more information about Paycom's time-off management solutions, visit Methodology The data is based on a segment of employees across Paycom's clients who submitted time-off requests through Paycom's Time-Off Requests tool in 2023 and 2024. Time-off requests represent paid and unpaid time-off requests of more than six hours made by full- or part-time employees of organizations operating in the United States. This excludes family leave, jury duty, sick days and company holidays, among others. About Paycom For over 25 years, Paycom Software, Inc. (NYSE: PAYC) has simplified business and employees' lives through easy-to-use HR and payroll technology to empower transparency through direct access to their data. From onboarding and benefits enrollment to talent management and more, Paycom's employee-first technology leverages full-solution automation to streamline processes, drive efficiencies and give employees power over their own HR information, all in a single app. Paycom's single database combines all HR and payroll data in one place, providing a seamless and accurate experience without the errors and inefficiencies associated with integrating multiple systems. Recognized globally for its technology and workplace culture, Paycom serves businesses of all sizes in the U.S. and internationally. View source version on Contacts Media Contact: Larisha Huntermedia@
Business Wire
14 hours ago
- Business
- Business Wire
Paycom Data Reveals Unexpected Trends in Employee Summer Vacation Habits
BUSINESS WIRE)-- Paycom Software, Inc. (NYSE: PAYC) ('Paycom'), a leading provider of comprehensive, cloud-based human capital management software, revealed workplace data around U.S. employees' summer time-off habits. According to Paycom, nearly one-quarter of employees do not officially submit their vacation requests until the day of their trip, or weeks after the fact. Paycom revealed workplace data around U.S. employees' summer time-off habits. Unclear time-off policies and inconsistent enforcement may contribute to this trend. According to a 2023 Paycom study, one-third of employees struggle to understand their company's time-off policies — which may deter employees from complying in a timely and accurate manner. The lack of documented time-off requests can have a ripple effect, causing pay errors, data discrepancies and accrual mistakes, along with a more immediate impact on ensuring adequate staffing levels for business continuity. 'Undermanaged time-off processes are often the root of understaffing or downturns in productivity during popular vacation seasons,' said Tiffany McGowen, senior executive vice president of HR and talent acquisition at Paycom. 'Organizations need accessible, efficient and consistent time-off systems that prioritize business continuity and employee experiences.' The upcoming vacation surge Effective time-off systems have become even more essential as businesses prepare to handle a surge of 40% more time-off requests during the summer season. Time off around Independence Day, specifically, is the most in-demand vacation request of the summer, with 326% more requests on July 5 than the average day in 2024. To prepare for the flood of requests, Paycom recommends organizations: set and regularly audit time-off policies to ensure they align with current staffing thresholds. implement deadlines for time-off requests on popular vacation dates. The average employee requests time off around 34 days in advance for high-demand vacation days. empower managers to reiterate company expectations around time-off request procedures. use software that automates time-off decisions based on established time-off policies, and then automatically updates those decisions in scheduling, payroll and more. Paycom's Time-Off Requests featuring GONE ® tool automates traditionally undermanaged time-off processes, instantly approving or denying employees' time-off requests based on criteria set by managers. A company's time-off policies are embedded in the software, providing consistent and transparent decisioning for an improved employee experience. It also removes friction from the time-off process because employees can submit time off from their phones anywhere, anytime. For more information about Paycom's time-off management solutions, visit Methodology The data is based on a segment of employees across Paycom's clients who submitted time-off requests through Paycom's Time-Off Requests tool in 2023 and 2024. Time-off requests represent paid and unpaid time-off requests of more than six hours made by full- or part-time employees of organizations operating in the United States. This excludes family leave, jury duty, sick days and company holidays, among others. About Paycom For over 25 years, Paycom Software, Inc. (NYSE: PAYC) has simplified business and employees' lives through easy-to-use HR and payroll technology to empower transparency through direct access to their data. From onboarding and benefits enrollment to talent management and more, Paycom's employee-first technology leverages full-solution automation to streamline processes, drive efficiencies and give employees power over their own HR information, all in a single app. Paycom's single database combines all HR and payroll data in one place, providing a seamless and accurate experience without the errors and inefficiencies associated with integrating multiple systems. Recognized globally for its technology and workplace culture, Paycom serves businesses of all sizes in the U.S. and internationally.
Yahoo
4 days ago
- Business
- Yahoo
Paycom Software (NYSE:PAYC) Could Be Struggling To Allocate Capital
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for? Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. Having said that, while the ROCE is currently high for Paycom Software (NYSE:PAYC), we aren't jumping out of our chairs because returns are decreasing. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. The formula for this calculation on Paycom Software is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.20 = US$416m ÷ (US$4.6b - US$2.5b) (Based on the trailing twelve months to March 2025). Thus, Paycom Software has an ROCE of 20%. In absolute terms that's a great return and it's even better than the Professional Services industry average of 14%. See our latest analysis for Paycom Software In the above chart we have measured Paycom Software's prior ROCE against its prior performance, but the future is arguably more important. If you'd like, you can check out the forecasts from the analysts covering Paycom Software for free. In terms of Paycom Software's historical ROCE movements, the trend isn't fantastic. While it's comforting that the ROCE is high, five years ago it was 31%. However it looks like Paycom Software might be reinvesting for long term growth because while capital employed has increased, the company's sales haven't changed much in the last 12 months. It's worth keeping an eye on the company's earnings from here on to see if these investments do end up contributing to the bottom line. On a related note, Paycom Software has decreased its current liabilities to 54% of total assets. That could partly explain why the ROCE has dropped. Effectively this means their suppliers or short-term creditors are funding less of the business, which reduces some elements of risk. Some would claim this reduces the business' efficiency at generating ROCE since it is now funding more of the operations with its own money. Either way, they're still at a pretty high level, so we'd like to see them fall further if possible. Bringing it all together, while we're somewhat encouraged by Paycom Software's reinvestment in its own business, we're aware that returns are shrinking. Since the stock has declined 20% over the last five years, investors may not be too optimistic on this trend improving either. On the whole, we aren't too inspired by the underlying trends and we think there may be better chances of finding a multi-bagger elsewhere. One more thing, we've spotted 1 warning sign facing Paycom Software that you might find interesting. If you'd like to see other companies earning high returns, check out our free list of companies earning high returns with solid balance sheets here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Business Wire
27-05-2025
- Business
- Business Wire
Paycom's AI-powered Ask Here enhances employee inquiry experience
OKLAHOMA CITY--(BUSINESS WIRE)-- Paycom Software, Inc. (NYSE: PAYC) ('Paycom'), a leading provider of comprehensive, cloud-based human capital management software, has enhanced its Ask Here tool, which uses AI to produce answers to employee questions, reducing response times and administrative burdens for organizations. 'Paycom is committed to simplifying administrative tasks for our clients and delivering a superior experience for their employees,' said Rachael Gannon, executive vice president of product and development. 'Our latest enhancement to Ask Here delivers automated answers to employee questions, which creates significant efficiencies company wide.' A centralized hub for all employee questions, Ask Here powered by AI search instantly answers inquiries by scanning preloaded company policies, documentation and saved responses. Topics can also be preloaded based on common employee questions across departments like accounting, benefits, maintenance, security, community relations and more. For more complex or sensitive inquiries, the software routes the inquiry to the appropriate person in the organization. With the AI-powered search, businesses can expect benefits such as: faster response times to employee questions easier management of mass employee inquiries standardization of company responses easy access to Ask Here through Employee Self-Service ® reduced employee frustration in finding the right person to ask a centralized communication command center 'After enabling this feature, we found it saved valuable time and reduced decision fatigue for our leaders to not have to repeatedly answer many of the common questions we receive daily,' said an HR manager of a multi-location healthcare organization. 'It even closes out the inquiry if their issue has been resolved, which is too cool! This is a total game changer for us.' The Ask Here enhancement also provides businesses with deeper insights into inquiry trends and important topics for employees. This enhancement further addresses a common challenge among employees. A recent Paycom general population survey of 2,200 U.S.-based full-time employees revealed employees are most likely to need an urgent response from human resources about their paycheck (56%), benefits (54%), time-off requests (32%) and other key issues like performance reviews and investments. Ask Here's AI-powered search is part of Paycom's commitment to offering full-solution automation in a single software. To learn more, visit For over 25 years, Paycom Software, Inc. (NYSE: PAYC) has simplified business and employees' lives through easy-to-use HR and payroll technology to empower transparency through direct access to their data. From onboarding and benefits enrollment to talent management and more, Paycom's employee-first technology leverages full-solution automation to streamline processes, drive efficiencies and give employees power over their own HR information, all in a single app. Paycom's single database combines all HR and payroll data in one place, providing a seamless and accurate experience without the errors and inefficiencies associated with integrating multiple systems. Recognized globally for its technology and workplace culture, Paycom serves businesses of all sizes in the U.S. and internationally.
Business Wire
20-05-2025
- Business
- Business Wire
Paycom to Present at the Baird Global Consumer, Technology & Services Conference
OKLAHOMA CITY--(BUSINESS WIRE)-- Paycom Software, Inc. ('Paycom') (NYSE: PAYC), a leading provider of comprehensive, cloud-based human capital management software, today announced that the company will present at the Baird Global Consumer, Technology & Services Conference on June 3 in New York City. Event Details: Baird Global Consumer, Technology & Services Conference Date: June 3 Time: 4:20 p.m. (Eastern) Location: New York City A live webcast of the presentation will be available at under the 'Events' tab. Presentations may include forward-looking information. A webcast replay will be available for 90 days following the event. About Paycom For over 25 years, Paycom Software, Inc. (NYSE: PAYC) has simplified business and employees' lives through easy-to-use HR and payroll technology to empower transparency through direct access to their data. From onboarding and benefits enrollment to talent management and more, Paycom's employee-first technology leverages full-solution automation to streamline processes, drive efficiencies and give employees power over their own HR information, all in a single app. Paycom's single database combines all HR and payroll data in one place, providing a seamless and accurate experience without the errors and inefficiencies associated with integrating multiple systems. Recognized globally for its technology and workplace culture, Paycom serves businesses of all sizes in the U.S. and internationally.
