New Study Proves Significant ROI from Paycom’s Full-Solution Automation
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Paycom announced new findings from a
According to the study commissioned by Paycom, organizations experienced overall HCM productivity gains up to 64%, with typical benefits stemming from automated processes such as payroll processing and onboarding. In addition to these productivity gains, a technology company also reported an 80% decrease in payroll processing time.
“Paycom’s full-solution automation and decision logic continue to prove their value for organizations of all sizes,” said
A hospitality industry leader also saw major efficiency improvements, spending 50% less time on HR processes following implementation. “[Before Paycom], it was a nightmare getting every box checked,” the client said.
After first implementing Paycom solely for payroll and timekeeping, an Amazon delivery service partner (DSP) broadened its use of the software just two years later. According to a separate Nucleus Research ROI case study commissioned by Paycom, this expansion delivered a 205% annual return on investment from Paycom’s Applicant Tracking, Onboarding, Work Opportunity Tax Credits (WOTC) and Affordable Care Act tools and services. These gains were attributed to reductions in overtime (79%), onboarding time (85%) and DSP auditing time (88%).
“We can be identified as a company that likes to be more hands-on, but things like [GONE® for automated time-off request decisions] are pretty cool. We would almost have to do nothing,” said the HR leader for the DSP.
Paycom commissioned the
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