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  1. #1

    Far North Paycom Headquaters

    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
    Last edited by Pete; 06-06-2011 at 09:50 PM.

  2. Default Re: Paycom to build new offices

    I feel sorry for his employees that live in Moore.

  3. #3
    MadMonk Guest

    Default Re: Paycom to build new offices

    Sweet. That would be a perfect location for me. I wonder if they need any IT people?

  4. Default Re: Paycom to build new offices

    Quote Originally Posted by MadMonk View Post
    I wonder if they need any IT people?
    No kidding...Pickings are slim for us 'round these parts.

  5. #5
    MadMonk Guest

    Default Re: Paycom to build new offices

    Quote Originally Posted by Oh GAWD the Smell! View Post
    No kidding...Pickings are slim for us 'round these parts.
    Funny you should say that. We have an open position for a server administrator at my work, but are having trouble finding qualified people. Last week there were three interviews set up, but only one showed up. One guy just never showed up, the other called to say he was going to be late and then never showed. Is the job market so good that people just never bother to show up for an interview? Either that or they are just sending resumes to fulfill their unemployement benefit requirements, with no intention of taking a job.

  6. Default Re: Paycom to build new offices

    Really? What's the pay range?


  7. #7
    MadMonk Guest

    Default Re: Paycom to build new offices

    PM me if you really want the details.

  8. #8

    Default Re: Paycom to build new offices

    Oh boy! Another office building in a cow pasture set in the middle of a sea of asphalt while there is tons of vacancy downtown and elsewhere.

    Building the Kilpatrick Turnpike was one of the silliest decisions in the history of OKC planning. It's led to nothing but needless sprawl.

  9. Default Re: Paycom to build new offices

    I don't understand why companies want to be so far out there when they could be centrally located.

  10. Default Re: Paycom to build new offices

    Quote Originally Posted by MadMonk View Post
    Either that or they are just sending resumes to fulfill their unemployement benefit requirements, with no intention of taking a job.
    Yup thats oklahoma for ya, too lazy to get a job when you have a paycheck for sitting at home,while the rest of us pay for it by working our hide off. If they would stiffen the benifits to have to get a job and make more requirements rather than just fill out these 3 apps a week and turn them in and call us, why not make the companys call the unemployment office to and tell them they didn't make the interview or havethe office set up the interviews for them, we have way too many, "got it easy living benifits in Oklahoma".

  11. #11

    Default Re: Paycom to build new offices

    Here is the latest on Paycom and their corporate office in the far far northwest. Maybe they could be lured to downtown with all of the new momentum???

    Paycom's work pays off Local online payroll, human resources service company extends national reach | NewsOK.com

    Paycom's work pays offBy Jim Stafford
    Business Writer
    About a year ago, Paycom founder Chad Richison bought 130 acres along the Kilpatrick Turnpike in far northwestern Oklahoma on which he planned to build a corporate headquarters for his online payroll business.



    Those plans are on hold because Paycom has grown so quickly that the corporate headquarters Richison envisioned already have been outgrown by the fast-growing company.

    "I thought: ‘I'm going to build 30,000 square feet and we're going to grow into it,' ” Richison said. "But we're already at 30,000 square feet, and we need another 12,000 in the building that we are in, which we can probably get in the next three or four months.”

    Paycom employs 335 people in five cities, including about 165 at its Oklahoma City headquarters in the Lake Pointe Towers on Northwest Expressway. The company also operates in Dallas and recently expanded to Chicago, Atlanta and Fort Worth, Texas. It plans to add Phoenix and Houston this year.

    "We're hiring pretty close to 50 people per month right now,” Richison said.

    Many of the new jobs are in sales, while others are in new client setup, he said.

    Paycom serves about 3,500 companies nationwide, providing online payroll and other human relations functions through its Web-based product. It stores the payroll information on servers in Oklahoma City and Dallas, processes and prints payroll checks and delivers them to the company sites via secure couriers.

    After companies are brought on board, the new client setup specialists help the companies run their first couple of payrolls, then hand them off to a payroll specialist who provides ongoing service.

    Paycom targets companies — with at least 50 employees — that already are outsourcing their payroll services, said Richison, a Tuttle native who founded the company in 1998.

    The firm takes almost all of its clients from competitors such as payroll services giant Automated Data Processing, a company for which Richison once worked not long after he graduated from the University of Central Oklahoma.

    Paycom has benefited from the development of its payroll product as an exclusive online service, Richison said. Competitors such as ADP were created well before the Internet exploded as a business platform, meaning their services require an "installed” database and IT specialists to maintain it at the client's site.

    "We developed our systems almost in the 2000s,” Richison said. "Things that take 15 steps for them for us is a one-step process because we knew the end. They are stuck in a technology.

    "If we had developed our product five years earlier we would have been in Windows and we would have been stuck in Windows. We wouldn't have been Internet-based.”

    Today, when Paycom's sales force introduces its Web-based payroll product to potential clients, 50 percent sign on within two weeks, he said. After about eight months of introduction to the software, Paycom wins "75 to 80” percent of the prospects.

    "Even if they say ‘no' right then, their problems don't go away,” Richison said.

    Paycom long ago expanded beyond Oklahoma borders, but one of its early clients was Oklahoma City-based Mathis Brothers Furniture. The company remains a customer in part because of ease of use, said Chad Raymond, the furniture retailer's director of operations.

    "From an access standpoint, it's fantastic,” Raymond said of the Paycom process. "We were looking at a solution that integrates time and attendance with the payroll piece and not having a bunch of software systems. He has been able to do that.”

    Richison said he operated on "credit card arbitrage” to bridge the revenue gap while the Paycom software was under development after the company was founded in 1998. But once the software became operational in 2001, the company took off.

    "In January 2001, that's where the revenue outpaced our expenses and we became profitable,” he said. "By 2004, we were debt free.”

    The company has enjoyed such spectacular success that Richison sold a majority stake in the company to New York-based Welsh Carson Anderson and Stowe last year for $56 million.

    The deal allowed Richison to continue to operate the company and for it to remain Oklahoma-based. He said Paycom still might build a corporate headquarters within three years on the property he bought near the Kilpatrick Turnpike.

    Paycom has hit the $20 million annual revenue level and is on pace to add $25 million in new revenue by the end of 2008, Richison said. It was recognized as one of the nation's fastest-growing private companies for both 2006 (No. 156) and 2007 (No. 601) by Inc. magazine. "My goal is by 2009 adding $50 million a year,” he said. "We have doubled every year.”
    Paycom would be a great addition to downtown , someone needs to start recruiting them.

  12. Default Re: Paycom to build new offices

    Quote Originally Posted by okclee View Post
    Here is the latest on Paycom and their corporate office in the far far northwest. Maybe they could be lured to downtown with all of the new momentum???

    Paycom's work pays off Local online payroll, human resources service company extends national reach | NewsOK.com



    Paycom would be a great addition to downtown , someone needs to start recruiting them.
    I wonder if they actually look at the resumes people send in?
    Looking for a job is so awful these days isn't it?

  13. #13

    Default Re: Paycom to build new offices

    I believe that this is part of a larger development but I'm not sure. There are two large mixed-use office developments in the works for Memorial around Rockwell and Council.

  14. #14

    Default Re: Paycom to build new offices

    Quote Originally Posted by Spartan View Post
    I believe that this is part of a larger development but I'm not sure. There are two large mixed-use office developments in the works for Memorial around Rockwell and Council.

    Either way, the article makes it seem as if Paycom is re-thinking it's corporate office. Maybe they could be swayed to re-think the location as well??

  15. #15

    Default Re: Paycom to build new offices

    What's wrong with Memorial Road?

    I think Memorial Road is becoming a fine corporate address second to only downtown in this metro.

  16. #16

    Default Re: Paycom to build new offices

    I agree, it'd be nice if they could be pursuaded to move downtown. Makes no sense for a large growing company to locate in a far quadrant of the city. A central location makes it convenient to both clients and workers from all parts of the city. I just hope they stay in OKC.

  17. #17

    Default Re: Paycom to build new offices

    News flash: Not everything is central.. and while my personal preference is downtown, even I can't deny that certain suburban sub markets have a lot going for them.

  18. #18

    Default Re: Paycom to build new offices

    Quote Originally Posted by Spartan View Post
    What's wrong with Memorial Road?

    I think Memorial Road is becoming a fine corporate address second to only downtown in this metro.
    I am not knocking the Memorial Road address. I just think that it is interesting that the article in todays DOK and the timing of it. With all of the news surrounding downtown as of late.

    I wouldn't be surprised if Paycom is re-thinking the Memorial location in favor of a new downtown Core to Shore location.

  19. #19

    Default Re: Paycom to build new offices

    With all respect, I would be.

  20. Default Re: Paycom to build new offices

    Quote Originally Posted by Spartan View Post
    What's wrong with Memorial Road?

    I think Memorial Road is becoming a fine corporate address second to only downtown in this metro.
    Not to mention it's poor location for workers in the other 3 quadrants of the metro, the NW side doesn't have amenities like multiple lunch options, parks, and other entertainment in walking distance. I would much rather work downtown and have to walk past shops and cafes and other people than to drive out to the former QZ Ranch on NW 189th and walk across a mile of desolate surface parking.

    Let's be frank. The only reason these types of companies would locate out there is because it's cheap land and cheap construction.

  21. #21

    Default Re: Paycom to build new offices

    hopefully paycom becomes big enough to start taking away business from fidelity. Our company switched most of our hr/payroll stuff to fidelity within the last 1.5 years and they have to be the worst company I have ever dealt with in my life

  22. Default Re: Paycom to build new offices

    American Fidelity?

  23. #23

    Default Re: Paycom to build new offices

    First we whine and cry because new business won't move or relocate to OKC. Then when they do, we bitch and complain about the location they choose. Someone needs to inform them that the only real, and truely progressive Corporate Citizens are setting-up shop Downtown.

  24. Default Re: Paycom to build new offices

    This company has been in OKC for 10 years, andy. They are not relocating here.

  25. #25

    Default Re: Paycom to build new offices

    Quote Originally Posted by jbrown84 View Post
    This company has been in OKC for 10 years, andy. They are not relocating here.
    You don't say. Maybe I should have also included the phrase relocate to "and/or in" OKC. Sorry.

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