10 Things You Didn’t Know About Chad Richison

Chad Richison is a prominent figure in the world of business and technology. As the CEO and founder of Paycom, a leading provider of cloud-based payroll and human capital management solutions, Richison has revolutionized the way companies handle their HR processes. While many people are familiar with his professional accomplishments, there are several interesting facts about Chad Richison that you may not know. In this article, we will delve into 10 lesser-known things about this inspirational entrepreneur.

1. Humble Beginnings

Chad Richison’s journey to success was not handed to him on a silver platter. He grew up in a small town in Oklahoma and obtained his bachelor’s degree in business from Southeastern Oklahoma State University. Richison possessed a strong work ethic from an early age, working a variety of odd jobs throughout his teenage years to support himself financially. This humble upbringing instilled in him a sense of determination and ambition that would later drive him to achieve great heights in his career.

Interesting Fact: During his college years, Chad Richison worked as a bouncer at a local bar to help pay for his education. This experience taught him valuable lessons in conflict resolution and the importance of maintaining composure in high-pressure situations.

2. The Birth of Paycom

The inception of Paycom took place in 1998 when Chad Richison identified a pressing need in the market for a comprehensive HR software solution. Drawing from his prior experience working in payroll processing, he envisioned a platform that would streamline HR processes and eliminate the need for manual data entry. Richison poured his heart and soul into developing Paycom, which has now grown into a multi-billion-dollar company with thousands of clients nationwide.

Interesting Fact: The initial funding for Paycom came from a $90,000 credit card cash advance. This demonstrates Chad Richison’s unwavering belief in his vision and his willingness to take risks to bring it to life.

3. Pioneering HR Technology

As a tech visionary, Chad Richison has always been at the forefront of innovation in the HR industry. Under his leadership, Paycom has pioneered numerous groundbreaking technologies, such as employee self-service portals, automated payroll tax calculations, and mobile HR applications. By constantly pushing the boundaries of what’s possible, Richison has revolutionized the way companies manage their workforce.

Interesting Fact: Paycom became the first HR technology provider to offer a complete HR solution as a cloud-based software-as-a-service model, making it accessible to businesses of all sizes.

4. Philanthropy and Social Responsibility

In addition to his many achievements in the business world, Chad Richison is deeply committed to giving back to society. He serves as an active philanthropist, supporting various charitable organizations and social causes. Richison believes in using his success to make a positive impact on the lives of others, and he encourages his employees to participate in community service as well.

Interesting Fact: Through the Chad and Ann Richison Family Foundation, Chad Richison and his wife have donated significant amounts to educational institutions, scholarships, medical research, and disaster relief efforts.

5. Embracing a People-Centric Culture

Chad Richison understands the importance of fostering a people-centric culture within an organization. He places a strong emphasis on employee engagement, professional development, and work-life balance. His belief in the power of adopting a people-first approach extends beyond Paycom’s own workforce, as he actively promotes the importance of workplace culture and engagement to other business leaders.

Interesting Fact: To instill a sense of ownership and dedication in Paycom employees, Chad Richison personally hands out paychecks to every new hire during onboarding.

6. A Continuous Learning Mindset

Despite achieving immense success, Chad Richison remains a lifelong learner. He continually seeks opportunities to expand his knowledge and gain new insights. Richison believes that learning should never stop, and he encourages employees at Paycom to prioritize personal and professional growth through various learning and development initiatives.

Interesting Fact: Chad Richison is an avid reader and often shares book recommendations with his employees. He believes that reading helps stimulate creativity, expands one’s perspective, and fosters personal growth.

7. Championing Gender Equality

Chad Richison is a strong advocate for gender equality and empowering women in the workforce. Paycom’s leadership team is comprised of almost 50% women, reflecting Richison’s commitment to diversity and inclusion. He firmly believes in creating equal opportunities for all employees, regardless of their gender, and actively works to break down barriers that hinder professional growth.

Interesting Fact: Paycom has received several accolades for its commitment to supporting women in leadership roles, including recognition from Forbes as one of America’s Best Employers for Women.

8. Affinity for Sports

Outside of work, Chad Richison is an avid sports enthusiast. He enjoys watching various sports, including basketball and football. Richison’s passion for sports extends beyond the spectatorship, as he actively supports and sponsors local sports organizations and teams, recognizing the positive impact they have on individuals and communities.

Interesting Fact: Chad Richison played college basketball in his youth and continues to appreciate the lessons learned from being part of a team. He believes that sports play a valuable role in character building and fostering teamwork skills.

9. Recognitions and Awards

Chad Richison’s remarkable contributions to both the business and technology sectors have not gone unnoticed. He has received numerous accolades and industry recognitions throughout his career. These include being named as one of Glassdoor’s Highest Rated CEOs, as well as listed on Forbes’ annual America’s Best Performers list.

Interesting Fact: Chad Richison was recognized as the “EY Entrepreneur of the Year” in the Southwest region for his exceptional leadership and entrepreneurial spirit in growing Paycom.

10. The Power of Positivity

One of Chad Richison’s defining characteristics is his unwavering positivity. He exudes optimism and encourages those around him to adopt a positive mindset. Richison believes that embracing positivity not only helps overcome challenges but also fosters a collaborative and supportive work environment.

Interesting Fact: Chad Richison starts each day with a positive mantra or affirmation, which sets the tone for the entire day and helps him stay focused and motivated.

Chad Richison’s journey from a small-town boy to a business magnate is an inspiring testament to hard work, resilience, and innovation. His relentless pursuit of excellence has forever changed the HR technology landscape and continues to shape the future of the industry.

Useful links:

Paycom Official Website

Chad Richison on LinkedIn