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Paycom's recurring revenues take a hit amid record new client sales

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Paycom's recurring revenues take a hit amid record new client sales

AUG 13, 2020 - Paycom recently recorded its best sales month ever despite the ongoing, nationwide unemployment crisis that will cost the company $2 million per week in recurring revenue, according to CEO Chad Richison. Paycom, which provides a cloud-based suite of human resource tools, is paid based on the number of employees a client has. Unemployment spiked to 14.7% in April during the coronavirus pandemic; the latest data from the U.S.

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Paycom's recurring revenues take a hit amid record new client sales

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Paycom's recurring revenues take a hit amid record new client sales

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