Early Life and Education
Chad Richison was born in Tuttle, Oklahoma. He graduated from Tuttle High School and went on to earn a Bachelor of Arts degree in Mass Communications from the University of Central Oklahoma (UCO) in 1993. At UCO, he was a member of the wrestling team.
Rise to Success
Richison's career began in the payroll processing industry. He worked for ADP and a regional payroll provider before founding Paycom in 1998 at the age of 27. He has been the CEO and President since its founding. Paycom was one of the first companies to process payroll entirely online. Under Richison's leadership, Paycom went public on the New York Stock Exchange (NYSE) in 2014.
Key Business Strategies
Paycom's success is attributed to its innovative approach to payroll processing and human resource management. The company provides a complete suite of human capital management tools, including time and attendance, HRIS, talent acquisition, HR management, and payroll management within one online application. Richison emphasized employee engagement as a key to company success.
Philanthropy
Richison is known for his philanthropy and has committed to donating the majority of his wealth to charitable causes, signing The Giving Pledge in 2020. He founded the Green Shoe Foundation, which offers mental wellness retreats. The Richison Family Foundation supports various causes, including education, foster care, food supplies, and mental health.
