Paycom Announces Further Enhancements to Learning Management Software
December 09 2019 - 9:15AM
Business Wire
Paycom Software, Inc. (“Paycom”)(NYSE: PAYC), a leading provider
of comprehensive, cloud-based human capital management software,
today announced the rollout of its proprietary Performance Evidence
and Video Content Creator, two enhancements to its learning
management platform, Paycom Learning.
“I am excited about these developments to Paycom Learning as we
continue to add value for our clients and put HR technology in the
hands of their employees,” said Chad Richison, Paycom’s founder and
CEO. “We understand the impact learning and development programs
can have on a company’s overall strategy and growth, and these two
features bring a whole new approach to how companies can implement,
measure and report on key initiatives.”
A 2019 PricewaterhouseCoopers study reveals one of CEOs’ top
three concerns is the unavailability of key skills in the
workforce, which threatens business growth. As companies continue
to struggle through talent shortages driven by skills deficiencies,
Paycom’s Performance Evidence and Video Content Creator can help
organizations develop their workforce to meet rapidly evolving
business needs.
With Performance Evidence, clients can create a lesson tool that
allows their employees to demonstrate knowledge and mastery of a
specific skill to confirm they are truly grasping the course
material. Managers or trainers then can provide direct input about
the employee’s performance, creating a true feedback loop that
promotes employee development.
Additionally, the Video Content Creator allows subject-matter
experts to share knowledge across the company by empowering them to
create, upload and distribute engaging microlearning content
quickly and easily. Clients can simply grant access to the
appropriate individuals by enabling the feature in their user
profile. The user can then record their own training video, upload
it into the system in their preferred video file type, and add
accompanying materials and questions to test the viewer’s
knowledge.
And there’s good reason why eight out of 10 learning and
development professionals favor microlearning. Research from the
Journal of Applied Psychology reveals the approach is more
efficient than traditional courses and improves the knowledge
transfer by 17%, meaning newly learned skills are more likely to be
retained and used in the workplace.
Both Paycom Learning enhancements provide clients with a number
of customization tools that address access, time restrictions,
reporting capabilities and much more. These new features come on
the heels of other major 2019 developments like Ask Here™ and
Direct Data Exchange™, as Paycom continues to advance its focus to
drive ROI for its clients.
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. For more
information, visit Paycom.com.
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Media Contact: Jason Bodin C: 405.514.0557
Jason.Bodin@Paycom.com
Investor Relations Contact: James Samford
investors@paycom.com
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