Paycom Headquarters

[metro]

To bad they're not building/moving downtown OKC.

Paycom to begin work on new building this year
By Don Mecoy
Business Writer

Paycom will break ground later this year on a new building to house the growing Oklahoma City online payroll management business, Chief Executive Officer Chad Richison said Monday.

The company, currently leasing space in a building on Northwest Expressway, will move within the next two years to a 10-acre site Richison bought along the Kilpatrick Turnpike.

Paycom has 85 employees in Oklahoma City, Richison said, but is hiring six to 10 new workers a month. The company also expects to buy a franchise operation that will push its local employment to about 110, he said.

The new building likely will be about 40,000 square feet. The business currently leases 16,800 square feet, Richison said.

The new site will improve security and allow employees to work in a more "campus-like” environment, he said.

Richison, founder of the company, bought 121 acres on the north side of Memorial Avenue between Rockwell and Council roads. The building project will take about 10 acres, Richison said. He hasn't decided what the remainder of the land will be used for.

Richison said it will take about 18 months to complete the building.

Paycom is in its ninth year of operation with sales offices in Oklahoma City, Tulsa, Denver, Atlanta and Dallas. The company opened its fourth sales office last month in Roswell, Ga., a suburb of Atlanta. It's next sales center will be in Houston, Richison said.

In 2006 Paycom was No. 156 on the Inc. 500's list of the fastest growing private companies in the U.S. and was named service bureau of the year by the Indepen