Paycom Launches Machine Learning Technology with Employment Predictor
November 08 2018 - 9:15AM
Business Wire
Paycom Software, Inc. (NYSE:PAYC), a leading provider of
comprehensive, cloud-based human capital management software,
launched a sophisticated machine learning (ML) technology with its
Employment Predictor technology, giving an employer greater insight
into employees at risk of leaving its organization, based on a
proprietary algorithm.
“Machine learning solutions like our Employment Predictor are
critical for businesses to gain insight into crucial workforce data
by identifying which employees are at risk of leaving an
organization and helping them discover the ‘why’ behind their
potential departure – an important factor for businesses in a
competitive job environment, especially considering unemployment
rates are near all-time lows,” said Paycom’s founder and CEO, Chad
Richison.
This employment analytics technology – available to all Paycom
clients – includes departure-prediction trends based on risk
factors and scoring of data already within the Paycom system.
Employers can use this data to pinpoint potential high-performing
employees who may be at risk of leaving, then make educated
decisions regarding their most important asset: their human
capital.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20181108005242/en/
Paycom Software, Inc.Media Contact:Kristen Sharkey,
800-580-4505media@paycom.comOrInvestor Relations Contact:David
Niederman, 855-603-1620investors@paycom.com
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