10 Best Human Resources Stocks To Invest In

5. Paycom Software, Inc. (NYSE:PAYC)

Number of Hedge Fund Holders: 27

Paycom Software, Inc. (NYSE:PAYC) is a software company that provides online payroll services and human resource software solutions for businesses of all sizes. Its single HCM software is focused on streamlining performance to establish a continuous flow of automation, allowing businesses to manage recruitment data, hire, onboard, and offboard more efficiently. In addition to that, the company also offers an unmatched applicant tracking tool that is focused on enhancing the flow of recruitment and hiring for other companies.

According to a study, Paycom Software, Inc. (NYSE:PAYC) has managed to reduce payroll processing time by 90% and the time spent correcting payroll errors by 85%. Most of these milestones were achieved thanks to PAYC’s GONE, a time-Off Requests tool. On January 15, the company received a BIG Innovation Award for GONE from the Business Intelligence Group. The tool allows companies to automate time-offs to fit their needs based on criteria provided by the company itself. Automated time-offs ensure no disruption in business activity. The tool has a projected return on investment of up to 821% over the span of 3 years, making it a solid investment for the company and other businesses.