Paycom Announces Further Enhancements to Learning Management Software

OKLAHOMA CITY--(BUSINESS WIRE)--Paycom Software, Inc. (“Paycom”)(NYSE: PAYC), a leading provider of comprehensive, cloud-based human capital management software, today announced the rollout of its proprietary Performance Evidence and Video Content Creator, two enhancements to its learning management platform, Paycom Learning.


“I am excited about these developments to Paycom Learning as we continue to add value for our clients and put HR technology in the hands of their employees,” said Chad Richison, Paycom’s founder and CEO. “We understand the impact learning and development programs can have on a company’s overall strategy and growth, and these two features bring a whole new approach to how companies can implement, measure and report on key initiatives.”

A 2019 PricewaterhouseCoopers study reveals one of CEOs’ top three concerns is the unavailability of key skills in the workforce, which threatens business growth. As companies continue to struggle through talent shortages driven by skills deficiencies, Paycom’s Performance Evidence and Video Content Creator can help organizations develop their workforce to meet rapidly evolving business needs.

With Performance Evidence, clients can create a lesson tool that allows their employees to demonstrate knowledge and mastery of a specific skill to confirm they are truly grasping the course material. Managers or trainers then can provide direct input about the employee’s performance, creating a true feedback loop that promotes employee development.

Additionally, the Video Content Creator allows subject-matter experts to share knowledge across the company by empowering them to create, upload and distribute engaging microlearning content quickly and easily. Clients can simply grant access to the appropriate individuals by enabling the feature in their user profile. The user can then record their own training video, upload it into the system in their preferred video file type, and add accompanying materials and questions to test the viewer’s knowledge.

And there’s good reason why eight out of 10 learning and development professionals favor microlearning. Research from the Journal of Applied Psychology reveals the approach is more efficient than traditional courses and improves the knowledge transfer by 17%, meaning newly learned skills are more likely to be retained and used in the workplace.

Both Paycom Learning enhancements provide clients with a number of customization tools that address access, time restrictions, reporting capabilities and much more. These new features come on the heels of other major 2019 developments like Ask Here and Direct Data Exchange, as Paycom continues to advance its focus to drive ROI for its clients.

About Paycom

As a leader in payroll and HR technology, Oklahoma City-based Paycom redefines the human capital management industry by allowing companies to effectively navigate a rapidly changing business environment. Its cloud-based software solution is based on a core system of record maintained in a single database for all human capital management functions, providing the functionality that businesses need to manage the complete employment life cycle, from recruitment to retirement. Paycom has the ability to serve businesses of all sizes and in every industry. As one of the leading human capital management providers, Paycom serves clients in all 50 states from offices across the country. For more information, visit Paycom.com.


Contacts

Media Contact:
Jason Bodin
C: 405.514.0557
Jason.Bodin@Paycom.com

Investor Relations Contact:
James Samford
investors@paycom.com