He has been the President and Chief Executive Officer of Paycom since its inception, an American entrepreneur and philanthropist. Chad Richison was born in Oklahoma and worked for a national payroll company for several years before he moved to Colorado to work for a smaller, regional payroll company. After returning to Oklahoma in 1998, Richison founded Paycom with his family.
As President and Chief Executive Officer of Paycom, Chad Richison founded it in 1998. Several Fortune, Forbes and Inc. magazines have recognised Paycom as one of the fastest-growing companies in the United States for its continued growth as one of the first companies to process payroll online.
During the initial public offering on April 21, 2014, Richison raised $64.3 million by selling 6,645,000 shares on the New York Stock Exchange. In 2019, Richison said that 100% employee engagement and using Paycom’s database is the next important thing for the company after the IPO. He purchased 52,600 shares of Paycom stock after the IPO.
Employee self-service is a necessary shift, allowing employers to do more strategic and less administrative work as employees are freer to manage and input their data. A member of the Greater Oklahoma City Chamber of Commerce and the Oklahoma Business Roundtable, Richison is deeply involved in his community and lives in Edmond, Oklahoma. Forbes estimated Richison’s net worth at the U.S. $2.1 billion as of August 2019.
The youngest Oklahoman on the list is Richison, one of only seven billionaires. Richison added $4 million to his ‘complete the dream’ campaign in October 2017. In November 2015, Richison made the single-largest gift to his alma mater’s athletic program. A life of peace and maturity can be achieved through the Green Shoe Foundation, a nonprofit organization Richison founded in 2015.
Richison’s ranking distinguished him from notable technology leaders like Apple’s Tim Cook, who was listed among the top 100 CEOs by Glassdoor in 2019. The University of Central Oklahoma named Richison a Distinguished Alumnus in 2012 after bestowing the highest honour as an entrepreneur in the Southwest Area North in 2010.
In 2013, Richison won The Oklahoman’s large business leadership award, and his company was ranked among the best workplaces in the state. Richison was ranked among the highest-rated CEOs on Glassdoor in 2014. Richison was published in Oklahoma’s Most Admired CEOs magazine in 2015 as Oklahoma’s Most Admired CEO in the public company category. Dr Murali Krishna Eliminating the Stigma Award was given to Richison’s Green Shoe Foundation in 2017.