Day: April 26, 2022

chad richison

Paycom CEO donates $10 million to UCO for stadium upgrades

Paycom is one of the noteworthy companies in human capital management that came out of Central Oklahoma. Their CEO chad richison has decided to give back to the community. It is no surprise for the founder of Paycom as he is the University of Central Oklahoma’s largest donor. Paycom is based in Central Oklahoma, and it is an admirable act for the CEO is donate money to the university for improving and expanding its athletics.

Chad Richison has a long history with the university besides being their largest donor. He is a graduating student of the University of Central Oklahoma of 1993 class graduates. Including this donation, Richison has donated over 25 million dollars to the school’s athletic department.

Newer donations from him have helped the athletic department. He has also started giving money to the scholastic side of UCO as well such as scholarships and other aspects of education. One article wrote that he is a “humanitarian.” He is known for his sportsmanship and community involvement. His donations mostly go to the sports department because he was on the University of Central Oklahoma’s wrestling team in the early 1990s.

Richison has also funded the Hamilton Field House. It is one of the largest wrestling rooms in the country. This room received a massive sum of donations from Chad Richison.

chad richison

The university plans to make upgrades and expansions in the athletic department. This donation from Chad Richison will go to:

  • Upgrading the football stadium
  • Renovation of the south and east sides
  • Building of new turfs
  • Adding waterfall features, trees, and more.

Paycom is one of the largest companies in human capital management and has been since its establishment in 1989. One of the reasons that Paycom was able to have such a massive impact on the human capital management industry was because they focused heavily on employee satisfaction, work environment, and employee growth opportunities.

The new stadium is expected to raise the number of seats by 1,900 and make the total number of seats 12,000. The stadium will be able to host more home games especially when the university changes its conference in football and other sports.

The renovations are three times more than what was proposed in the postseason facility assessment. He stated that it will benefit the university, and they did an in-depth study. He is not just talking about numbers or information as he also donated over 25 million dollars to the school. Although Paycom is not a huge company, as Richison stated, he is still giving back because of his love for the university.

Many people are excited about these renovations because they will help UCO raise its profile in the sports industry. Because of these renovations, the university can host more events and attract university recognition. It will develop UCO’s athletic program and help them get better rankings in collegiate sports.

chad richison

Importance of Using HCM Technology to Centralize Your Business

Digital technology will help your enterprise in many ways, like making daily operations simple and cost-effective. When it comes to cloud computing, many people think of data storage. This is the brilliant way of keeping your important data safe.

The HR cloud is a little different. They have the design that covers various HR management and procedures. You may request the demo and see what makes HR cloud systems so great, for more details check out Chad Richison blogs.

How Are HR Systems Changing Workplace?

They are allowing the businesses to adapt fast to workload and economic changes, and offering enhanced and new functions to manage projects and employees. It includes easily managing likes of:

  • Recruitment strategies.
  • Payroll functioning.
  • On-boarding processes.
  • Daily management of workers—lateness, absenteeism etc.
  • Training requirements.

chad richison

HRMS cloud technology allows the business to centralize it in one HR software.

Compensation Strategy and Planning

An amazing benefit of making use of HCM program to track salary & benefits information for the employees is that data can easily be analyzed and manipulated. It means you may see the compensation spend, used in different ways, and apply data to formulate the future compensation process.

Accessible Anytime and Anywhere

Simple accessibility is an essential benefit of using the cloud-based HRM solutions. So, all you require is the stable internet connection for reaping major benefits of the HRMS cloud technology. You may keep proper track of your staff attendance and time, measure their performance, and also access necessary employee documents at anytime of a day. In the same way, staff can mark their own attendance, download pay slips and apply for the leaves. It is one great benefit in the recent times when many organizations are looking for the remote and hybrid working model.