Technology Sector Ideas

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>>> Paycom Software (NYSE:PAYC) is a cloud-based SaaS (software as a service) company that specializes in human capital management software. Basically, that means it outsources most human resources needs from recruitment to retirement.

As small businesses continue to expand, one of the biggest challenges is building out a human resources department. Most business owners know their trade but understand little about the laws and procedures governing HR. And this can impact the scalability of a business. That’s where PAYC comes in. Business owners can contract out this piece of the business and concentrate on what they do best.

PAYC stock is up a whopping 103% year to date, and the momentum is continuing to grow. <<<


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>>> Paycom Software, Inc. provides cloud-based human capital management (HCM) software service for small to mid-sized companies in the United States. It provides functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement. The company's HCM solution offers a suite of applications in the areas of talent acquisition, including applicant tracking, candidate tracker, background checks, on-boarding, e-verify, and tax credit services; and time and labor management, such as time and attendance, scheduling/schedule exchange, time-off requests, labor allocation, labor management reports/push reporting, and geofencing/geotracking. Its HCM solution also provides payroll applications comprising payroll and tax management, Paycom pay, expense management, garnishment management, mileage tracker/fixed and variable rates, and GL concierge applications; and talent management applications that include employee self-service, compensation budgeting, performance management, executive dashboard, and Paycom learning and course content. In addition, the company's HCM solution offers HR management applications, which comprise document and task management, government and compliance, benefits administration/benefits to carrier, COBRA administration, personnel action forms, surveys, and affordable care act applications. Paycom Software, Inc. was founded in 1998 and is headquartered in Oklahoma City, Oklahoma. <<<