Technology isn’t just evolving — it’s evolving with unprecedented speed.
An MIT study of technology patents found that most industries have an annual technology performance improvement rate of 25%, but a few industries saw technology patents increase more than 200%!
The tech sector in particular is seeing extraordinary growth. From 2021 to 2022, tech jobs saw a 15% increase in postings, even as overall job postings decreased, according to McKinsey.
All companies need talented pros to take advantage of the opportunities tech developments present, but businesses with a culture of innovation are the most likely to attract top talent and experience sustained success.
At Paycom, we’ve built our organization with an innovation culture, from the development team to marketing, sales and more. We’ve been innovating from the start, empowering our entire organization to effect positive change in HR technology.
Here’s how we’ve done it.
Creating a purpose-first workplace
Our commitment to stable growth requires innovations that support our purpose. That’s why we constantly strive to communicate our purpose — simplifying life for employees and HR — across the organization. It’s how we’re able to make innovative concepts a reality and why there’s a BIG Innovation Award with our name on it.
You can’t inspire true innovation without motivation, and that starts with purpose. In a Harvard Business Review survey, 84% of executives said an organization that rallies around a shared purpose will be more successful in its transformation efforts.
Fostering forward-looking leadership
To instill a culture of innovation, you have to begin at the top. CEO Chad Richison started Paycom as a first-of-its-kind HR software. Today, Paycom designs, improves and scales products because of leadership that not only innovates, but facilitates continuous innovation.
At the same time, we recognize you don’t have to be in leadership to be a leader. Whatever your role, you can find ways to include innovation in your workflow.
At Paycom, leadership comes from a variety of roles and experience levels, which is why we provide our employees with leadership training they need to be innovative in their own way. By nurturing and developing leadership throughout the organization, we’re able to live out our principles in a way that inspires every team member to be their most innovative self.
Making innovation a core value
Paycom is, in the truest sense, a values-driven organization. We also know that to provide the most innovative and intuitive technology, our entire workforce needs to be on the same page. Our core values drive us to challenge ourselves each day and exceed the status quo.
We know our people are most innovative when they’re happy, motivated and feel empowered to bring their whole selves to work. That’s why we support employees not only with competitive benefits, but a strong workplace culture and commitment to holistic wellness, too.
Ready to start innovating in your career? Apply to Paycom today.
