OKLAHOMA CITY–(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.
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.