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Mballard85 01-27-2020, 10:06 AM as a long time holder of paycom stock i hope they continue to do what they are doing
Agree, as someone who's wife works there and gets stock on a normal basis, I hope they keep it up. If their commercials work, they work. Who cares if their commercials are cheesy or not, they do exactly what they are meant to do and that is draw in new clients to the product.
bombermwc 01-28-2020, 08:05 AM Rolls eyes.....they make money of treating their employees like crap. They can make oodles for investors all they want, but until they treat employees like people, then i'm going to strongly dislike the company's leadership. I dont particularly care what the stock is doing. It means jack to the regular employee there.
Gopokes, i do work at a multi B company that doesnt treat people like Paycom does. Working just fine for me thank you.
BoulderSooner 01-28-2020, 08:09 AM Rolls eyes.....they make money of treating their employees like crap. They can make oodles for investors all they want, but until they treat employees like people, then i'm going to strongly dislike the company's leadership. I dont particularly care what the stock is doing. It means jack to the regular employee there.
Gopokes, i do work at a multi B company that doesnt treat people like Paycom does. Working just fine for me thank you.
everyone i know that works there loves it ... every one i know that used to work there liked it well enough and very much apprecites how their stock options are treating them
bombermwc 01-28-2020, 08:14 AM Not true. I can run off a mile list of people that have gone through there that felt used/abused and left for much greener pastures. Being forced into working 60 hour weeks regularly (as a salaried employee) is not my idea of treating an employee properly. The story gets told over and over.
Ask the current employees about how overworking their employees caused them to lose databases worth of data that caused thousands of people to miss payroll for companies they service. There are some really good doozies of stories that they keep locked down tight.
Hey, but you don't have to agree with me. If you like the place, great, i'm happy for you.
BoulderSooner 01-28-2020, 08:16 AM Not true. I can run off a mile list of people that have gone through there that felt used/abused and left for much greener pastures. Being forced into working 60 hour weeks regularly (as a salaried employee) is not my idea of treating an employee properly. The story gets told over and over.
Ask the current employees about how overworking their employees caused them to lose databases worth of data that caused thousands of people to miss payroll for companies they service. There are some really good doozies of stories that they keep locked down tight.
Hey, but you don't have to agree with me. If you like the place, great, i'm happy for you.
so i guess the peole you know are a little afriad of hard work to make a bunch of money
bombermwc 01-28-2020, 08:21 AM You think 60 hours is a good work-life balance???? Really? And remember, you're salary so you don't get any compensation for it either.
chuck5815 01-28-2020, 08:42 AM You think 60 hours is a good work-life balance???? Really? And remember, you're salary so you don't get any compensation for it either.
Ah, but you get to keep your job and those delicious, $1.00 lunches.
BoulderSooner 01-28-2020, 08:48 AM You think 60 hours is a good work-life balance???? Really? And remember, you're salary so you don't get any compensation for it either.
if you are young and career focused and what to be successful than yeah 60 hours a week is pretty normal
jdizzle 01-28-2020, 08:52 AM if you are young and career focused and what to be successful than yeah 60 hours a week is pretty normal
As an auditor for a CPA firm, 60 hours can sometimes be nothing.
TheTravellers 01-28-2020, 10:22 AM if you are young and career focused and what to be successful than yeah 60 hours a week is pretty normal
Which is a really sad thing.
https://clockify.me/working-hours
jn1780 01-28-2020, 10:23 AM if you are young and career focused and what to be successful than yeah 60 hours a week is pretty normal
Yep, and that's one of the reasons why depression in this country is so high. Work hard, but you don't really have much to show for it expect money. True happy people realize money isn't everything.
soonermike81 01-28-2020, 10:28 AM I haven’t worked 60 hours a week in several years, but it was pretty normal in my 20s. Most small business owners would kill for a 60 hour work week.
jn1780 01-28-2020, 10:29 AM Which is a really sad thing.
https://clockify.me/working-hours
I think humans like doing something for most of the day, but we weren't meant designed/evolved to sit at a desk for 60 plus hours of day.
Richard at Remax 01-28-2020, 10:31 AM as a person who is self employed, I wouldn't mind at all working 60+ hours a week if only for the benefits of employer benefit healthcare. Most of the country isn't really affected by it, so they really don't understand what all the fuss is about. So while it might seem that you work that much and might not have much to show for it, I can guarantee you it's worth a lot more than you think.
jn1780 01-28-2020, 10:31 AM I haven’t worked 60 hours a week in several years, but it was pretty normal in my 20s. Most small business owners would kill for a 60 hour work week.
Those same small business owners wouldn't get caught dead working those same 60 hours in a corporate environment.
jn1780 01-28-2020, 10:35 AM as a person who is self employed, I wouldn't mind at all working 60+ hours a week if only for the benefits of employer benefit healthcare. Most of the country isn't really affected by it, so they really don't understand what all the fuss is about. So while it might seem that you work that much and might not have much to show for it, I can guarantee you it's worth a lot more than you think.
What keeps you being a small business owner? I get the health insurance aspect of it and if you are having to pay your employees health benefits that brings another factor of pain. The fact that you have to make decisions based on health insurance "benefits" is one the issues the angers me the most about the state of healthcare in this country. Employers offering health insurance as a benefit is one of the many reasons why healthcare is broken. Everyone should now the exact dollar amount of the "benefit" their getting.
stlokc 01-28-2020, 10:40 AM Interesting debate (although its gotten off topic).
Would I want to sit at a desk in a cube pushing paper for someone else 60 hours a week? No.
As a business owner, I sometimes work much more than 60 hours in a week. Sometimes it's less. Sometimes it's 15 hours one day and 4 the next, sometimes there are periods of "work" and "play" all in the same day. Today I am driving from St. Louis to Kansas City for work meetings tomorrow, is that driving period considered "work?" I get to stop in Columbia and have lunch with a friend along the way.
Regardless, nobody should make blanket statements about work-life balance. It's different for everybody. But life is short. Do what fits into your priorities and don't worry about everybody else.
Richard at Remax 01-28-2020, 10:40 AM What keeps you being a small business owner?
theoretically you could say I am. I am contract labor with real estate, and own and manage 5 rental properties of my own. I looked into setting myself up as a business owner to get insurance thru that avenue, but at the end of the day I am still 1 person (with dependents) and there were no deals to be had either.
jedicurt 01-28-2020, 10:46 AM Not true. I can run off a mile list of people that have gone through there that felt used/abused and left for much greener pastures. Being forced into working 60 hour weeks regularly (as a salaried employee) is not my idea of treating an employee properly. The story gets told over and over.
Ask the current employees about how overworking their employees caused them to lose databases worth of data that caused thousands of people to miss payroll for companies they service. There are some really good doozies of stories that they keep locked down tight.
Hey, but you don't have to agree with me. If you like the place, great, i'm happy for you.
i think your information is a few years old on opinions. especially on issues related to loss of data. they as an institution have made some very sweeping changes. yes, end of quarter and end of year can be hectic still, and it's not an environment for everyone. but almost all of the horror stories i had heard about years past, were not what i witnessed first hand and much more recently.
Mballard85 01-28-2020, 10:54 AM You think 60 hours is a good work-life balance???? Really? And remember, you're salary so you don't get any compensation for it either.
They have implemented a lot of changes over the past few months to address this exact issue. My wife works at Paycom and we have a 2 year old son, so it was a very tough issue for us. But with the changes they have made it is very very reasonable. Essentially unless otherwise approved, no more than 1.5 hours of OT a day. I would also say that most of the people working those long hours are not salaried, thus they are paid for that additional time worked.
These changes were brought on by employee comments and suggestions, I will say for a young growing company they do take their employees suggestions into consideration, they are sometimes slow to implement but when they are growing like they are, you have to be careful.
It certainly appears like you have a ax to grind with them though.
gopokes88 01-28-2020, 12:43 PM You guys do understand the people grinding at paycom 60+, if they’re smart enough to participate in the stock compensation program, they in essence become a small (piece of paycom) business owner? It’s lining their pockets too. It’s not all for not, that lifestyle just doesn’t fit everyone.
BoulderSooner 01-28-2020, 12:49 PM You guys do understand the people grinding at paycom 60+, if they’re smart enough to participate in the stock compensation program, they in essence become a small (piece of paycom) business owner? It’s lining their pockets too. It’s not all for not, that lifestyle just doesn’t fit everyone.
i have a couple of friends that are basicly retired in their 30's because of this very thing
You guys do understand the people grinding at paycom 60+, if they’re smart enough to participate in the stock compensation program, they in essence become a small (piece of paycom) business owner? It’s lining their pockets too. It’s not all for not, that lifestyle just doesn’t fit everyone.
What's their vesting period?
gopokes88 01-28-2020, 04:31 PM What's their vesting period?
3 years
bombermwc 01-29-2020, 07:41 AM Which is a really sad thing.
https://clockify.me/working-hours
Yup, and preying on those young people and then throwing them out, that's the model. It's not a good model either. Regardless of your age, you should be willing to force a reasonable work-life balance. If you don't, that's when money becomes your only focus and the family suffers because of it. It's a 40 hour work week for a reason. Work gets those 8 hours plus lunch plus commute, sleep gets 8, and you're left with only 4 or 5 for your kids/spouse. I find it incredibly sad that people are willing to give up that precious time all for the sake of pursuing another dollar. Great lesson to teach your kids....
barrettd 01-29-2020, 09:28 AM Yup, and preying on those young people and then throwing them out, that's the model. It's not a good model either. Regardless of your age, you should be willing to force a reasonable work-life balance. If you don't, that's when money becomes your only focus and the family suffers because of it. It's a 40 hour work week for a reason. Work gets those 8 hours plus lunch plus commute, sleep gets 8, and you're left with only 4 or 5 for your kids/spouse. I find it incredibly sad that people are willing to give up that precious time all for the sake of pursuing another dollar. Great lesson to teach your kids....
I've been pretty lucky in finding good jobs that allow for a personal life. I'll never be rich, and I won't retire early, but I get to go to all my kids' events, get to go home and have dinner with the family, take time off, etc. If I were just out of college with no kids, wife, etc. things might be very different, and more power to those who like that kind of career. It's just never been appealing to me.
bigjkt405 01-29-2020, 10:58 AM I've been pretty lucky in finding good jobs that allow for a personal life. I'll never be rich, and I won't retire early, but I get to go to all my kids' events, get to go home and have dinner with the family, take time off, etc. If I were just out of college with no kids, wife, etc. things might be very different, and more power to those who like that kind of career. It's just never been appealing to me.
This.
Edmond Hausfrau 01-29-2020, 11:19 AM Not to pull this thread even further off topic, since I have no idea what the work requirements are at Paycom, but the idea that a newly minted professional can call any shots with regards to hours worked seems false and places blame at the workers' feet where it doesn't belong. Even someone who claims they have good work-life balance is likely to have their work email on the phone, and work projects on their home computer.
The people who purport to only put in 40hours with no bleed over into their personal time are not the norm, and if they are lucky enough to have that level of compartmentalization, my guess is they are pretty far advanced in their chosen field and in their years worked.
BoulderSooner 01-29-2020, 11:43 AM Yup, and preying on those young people and then throwing them out, that's the model. .
this is such a load of crap
barrettd 01-29-2020, 01:12 PM Not to pull this thread even further off topic, since I have no idea what the work requirements are at Paycom, but the idea that a newly minted professional can call any shots with regards to hours worked seems false and places blame at the workers' feet where it doesn't belong. Even someone who claims they have good work-life balance is likely to have their work email on the phone, and work projects on their home computer.
The people who purport to only put in 40hours with no bleed over into their personal time are not the norm, and if they are lucky enough to have that level of compartmentalization, my guess is they are pretty far advanced in their chosen field and in their years worked.
I feel like you're confusing blame with choice. I've chosen jobs over the last 25 years that allowed me to work, on average, 40 hours per week with no expectation of putting in more hours. These have all been salaried positions. They have also, at times, required overtime for implementing projects, or time spent after hours implementing changes or responding to incidents, but, for the most part, I show up at 7am and go home at 4pm, and nobody thinks I'm slacking.
I've chosen these jobs. I've also chosen to have a smaller house, a smaller paycheck, not be able to afford many vacations, not eat at all the fanciest places, etc. I've chosen my time over money. Some people make other choices, and I don't blame them one bit.
Over those 25 years, I've had exactly 4 jobs. All but my current job, I started out at the bottom and worked my way up (I mean, higher than I started. Not CEO or anything.), and I worked 40 hours/week at each job.
Again, I don't blame someone for wanting to put in 60+ hours a week. Some people are built that way. Some people also think there's no other way to do it, or there aren't any jobs out there for 40 hours a week.
I can't tell from your post if you think I'm exaggerating my work/life balance or think I've just been lucky. Either way, I've made choices leading me through my varied professions along the way (all 4 jobs have been for companies in different fields). I'd love to make twice what I'm making, but I'd hate working twice as much to do it.
Executionist 02-07-2020, 08:36 AM Looks like the corporate/retail mix in this area continues to expand, Just noticed a new Galaxy Home Recreation Showroom location being built just east of Memorial and Rockwell, next to the new 7/11.
okatty 02-07-2020, 10:01 AM ^Wasn't sure that that was....thanks for posting.
http://www.okctalk.com/images/pete/paycom040520a.jpg
5alive 04-05-2020, 04:02 PM If the garages and buildings were stacked into a tower around 25-30 stories and plop it down next to Scissortail Park...that would be so cool
mugofbeer 04-05-2020, 06:25 PM theoretically you could say I am. I am contract labor with real estate, and own and manage 5 rental properties of my own. I looked into setting myself up as a business owner to get insurance thru that avenue, but at the end of the day I am still 1 person (with dependents) and there were no deals to be had either.
It seems that just from what you said there it could benefit you to incorporate - not just for tax and health insurance reasons but being able to contribute to a retirement plan. U should talk to a CPA or CFP.
Teo9969 04-06-2020, 03:06 PM If the garages and buildings were stacked into a tower around 25-30 stories and plop it down next to Scissortail Park...that would be so cool
I don't think that would be very attractive architecturally :wink:
5alive 04-06-2020, 05:07 PM :p
David 04-06-2020, 05:20 PM If the garages and buildings were stacked into a tower around 25-30 stories and plop it down next to Scissortail Park...that would be so cool
A competing ziggurat!
Paycom is well under construction on a new campus in Grapevine, TX that will employ about 1,000.
Design is very similar to their OKC property.
http://www.okctalk.com/images/pete/paycom090720a.jpg
Paycom adding their fifth office building ("Building E") which will look very similar to their current structures:
HTTP://www.okctalk.com/images/pete/paycom020621a.jpg
HTTP://www.okctalk.com/images/pete/paycom020621b.jpg
HTTP://www.okctalk.com/images/pete/paycom020621c.jpg
Laramie 02-07-2021, 01:29 PM Like Globe Life, here's another OKC company testing the Texas markets.
Give it five years and Paycom will move its headquarters to the Lone Star State.
DowntownMan 02-07-2021, 01:44 PM Paycom adding their fifth office building ("Building E") which will look very similar to their current structures:
HTTP://www.okctalk.com/images/pete/paycom020621a.jpg
HTTP://www.okctalk.com/images/pete/paycom020621b.jpg
HTTP://www.okctalk.com/images/pete/paycom020621c.jpg
Looks like they are going taller now. First 3 floors match the other buildings but this one had two more floors that are glass facade only. Nothing yet besides parking garages has exceeded 3 floors on the campus. This will be 5
Also surprising since they have been work from home for about a year. Signals that they will not be continuing wfh and plan to continue adding more staff in okc.
Plutonic Panda 02-07-2021, 02:59 PM What a bland development. They should design a master planned campus that is unique and fun. This is just boring concrete blocks
Laramie 02-07-2021, 03:06 PM Hope Paycom will not be continuing with WFH (work from home) as it slowly phases out.
Adding more staff to OKC's current campus and looks like a 5th building does sound somewhat encouraging that Paycom is committed to Oklahoma City.
jedicurt 02-07-2021, 03:47 PM if paycom doesn't allow some sort of WFH option, a 4 Out/ 1 in, option, they will lose their ability to hirer developers like they have been in the OKC area, and will have to move to DFW to get workers... we live in a different time now, you aren't just competing locally for developers and IT, you are now competing with Google, and Amazon, and many others that have stated that they are going to allow permanent work from home. If they go back to 100% in the office, they will find it much harder to stay here and get the number of talent they need.
https://www.forbes.com/sites/markmurphy/2020/11/18/the-surprising-truth-about-how-many-employees-want-to-keep-working-from-home/?sh=57a8609f17b4
^
It's an interesting issue because it also means if they continue mainly work from home they can hire people who live almost anywhere.
There were already some shifts starting before Covid but the pandemic is bound to accelerate several trends and maybe even affect permanent change.
Teo9969 02-07-2021, 05:04 PM Disclosure: Paycom Employee here.
You have to remember that it's a SAAS company. So, yes, there is a major argument to be made for the tech positions to have a greater WFH element if that's what it will take to get the talent you need in the door, but that's not a majority of the workforce. The service-provider/software support element is substantially larger (I think client facing departments is roughly half of the company).
I've enjoyed working from home for sure, but for a lot of employees there is a lot that is lost by not being in the office - things have been identified and debated ad nauseam long before Covid. I definitely know teammates who are dying to go back and some who will consider leaving when it's time to go back. It's a really mixed bag, but ultimately, I think upper management believes that we'll be a better organization back in the office and I think that's right, at least for the customer-service side of the organization.
Jeepnokc 02-07-2021, 05:10 PM Disclosure: Paycom Employee here.
You have to remember that it's a SAAS company. .
What is SAAS?
I’ve suspected that Paycom would eventually move to Dallas, at least its more software (QA/Dev) positions. Already has a 2nd headquarters there in Grapevine. Plenty of Devs already are based there with them hiring more all the time. Why stay in OKC?
Teo9969 02-07-2021, 05:32 PM What is SAAS?
"Software as a Service"
Office 365 is a good example of a SaaS product.
Plutonic Panda 02-07-2021, 06:20 PM Did I miss something? Are there indications they are moving to Dallas?
ChrisHayes 02-07-2021, 06:42 PM Did I miss something? Are there indications they are moving to Dallas?
I doubt it. Especially considering they continue expanding their campus
Dob Hooligan 02-07-2021, 07:15 PM Seems to me that Chad Richison is the most important UCO alumni alive and Paycom is the most coveted type business in the modern American economy. IMO that makes him the biggest fish in the OKC pond. How big is he gonna be in the DFW pond if he moves?
Teo9969 02-07-2021, 07:35 PM I’ve suspected that Paycom would eventually move to Dallas, at least its more software (QA/Dev) positions. Already has a 2nd headquarters there in Grapevine. Plenty of Devs already are based there with them hiring more all the time. Why stay in OKC?
Why move to Dallas? Are you really going to gain more than you lose?
Dallas may have a larger and even more better educated talent pool, but Paycom is a top dog here and has done a lot of work to become recognized as (one of) the best employer(s) in the state. They put a LOT of stock into the "Best Places to Work in Oklahoma" ratings. They'd have a lot more competition for that kind of title down in Dallas which means it's more difficult to find the caliber employee they're looking for in Dallas.
There's also a whole lot of management (a lot of whom they have made modestly wealthy) and other talented employees that would not follow them down (as with any HQ relocation). And, unless they became long-term WFH friendly across the entire organization, some of that talent that would not follow would likely flow directly into competition that is either local or WFH friendly.
I actually think the more likely situation is that Paycom's success brings in some smaller companies to OKC who want to siphon off Paycom's talent to help build their business in a similar/related market or business type.
I hope I’m wrong and Paycom continues to stay in OKC forever. Guess their insistence on continued growth in Dallas just gives me flashbacks of countless other Oklahoma companies in the past. I know most if it all of those companies were oil/gas companies so it’s apples to oranges, but still.
BG918 02-07-2021, 09:10 PM Isn’t Heartland Payments a similar type business to Paycom?
mugofbeer 02-07-2021, 10:11 PM Maybe they could utilize some of Chesapeake's old office space.
Teo9969 02-08-2021, 07:56 AM Isn’t Heartland Payments a similar type business to Paycom?
If I understand correctly, Heartland's bread and butter is credit/debit/pre-paid card processing but they do have a payroll division and I believe the division in Oklahoma City is centered around the payroll. I know a lot of Paycom EEs have left to work at Heartland, and wouldn't be surprised if Paycom's presence in and commitment to OKC probably helped Heartland make the decision to grow their OKC operations. Always helps to be able to source from an already trained employee pool.
Mballard85 02-08-2021, 08:00 AM Disclosure: Paycom Employee here.
You have to remember that it's a SAAS company. So, yes, there is a major argument to be made for the tech positions to have a greater WFH element if that's what it will take to get the talent you need in the door, but that's not a majority of the workforce. The service-provider/software support element is substantially larger (I think client facing departments is roughly half of the company).
I've enjoyed working from home for sure, but for a lot of employees there is a lot that is lost by not being in the office - things have been identified and debated ad nauseam long before Covid. I definitely know teammates who are dying to go back and some who will consider leaving when it's time to go back. It's a really mixed bag, but ultimately, I think upper management believes that we'll be a better organization back in the office and I think that's right, at least for the customer-service side of the organization.
My wife is a 7 year employee with Paycom and I know that the vast majority of people in her role love the work from home option. With the advent of zoom and other services like this, it makes it much more convenient for them. There is a pretty good percentage of employees though that need to work in the office. But for the "customer facing" via phone employees have no reason to be in the office as long as productivity stays within what is considered acceptable.
coop2773 02-08-2021, 08:12 AM Seems to me that Chad Richison is the most important UCO alumni alive and Paycom is the most coveted type business in the modern American economy. IMO that makes him the biggest fish in the OKC pond. How big is he gonna be in the DFW pond if he moves? A billionaire is a billionaire no matter where he lives. Pickens didn't live in Stillwater!
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