Why Benefits Matter: Paycom’s Approach to Employee Well-Being and Success

Stress is inevitable and prevalent. According to the leading financial service company MetLife’s 22nd Annual U.S. Employee Benefit Trends Study, employees are feeling more stressed (12% higher) and burned out (17% higher) than they were before the pandemic in 2019. This is a key reason why benefits matter.

Employees who feel valued are 60% more likely to stay with their company for at least a year and 55% more likely to be productive. Plus, when employers give support during key moments, 76% of employees feel appreciated—compared to 45% who don’t receive that help. Not receiving that support can make a huge difference.

Paycom, a leading provider of comprehensive, cloud-based human capital management software, sets the standard for how companies can truly invest in their workforce, offering a model for businesses across all industries. In 2024, Comparably, an employee review and salary platform ranked Paycom in the top 5 among large U.S. and Canadian companies for having the happiest employees and the best perks and benefits. Here’s why.

Paycom’s Diverse Benefits

Paycom prioritizes employee well-being with a comprehensive range of benefits that enhance mental health, work-life balance, financial health, and overall wellness.

• They provide a $0 copay for in-network therapy and counseling, affordable health insurance for just $1 per person per pay period, and low-cost, comprehensive vision and dental coverage. In addition to these core benefits, Paycom also includes voluntary benefits.

According to MetLife’s research, employees who engage with and have a positive experience with voluntary benefits are 53% more likely to be holistically healthy—a goal Paycom strives to achieve with its extensive offerings.

These voluntary benefits include:

• United Healthcare Mental Health Services: Staff has access to 24/7 virtual, confidential behavioral health visits with a $0 copay for members. They can talk to professionals about anxiety, depression, grief, stress, and more. Members can also use the Calm Health app, which includes psychologist-created mindfulness content, meditation tools, and self-guided programs to improve well-being, track progress and strengthen the mind-body connection.
• In-House Mental Health Services: Employees have access to full-time on-site well-being advisors and soundproof privacy booths to take personal calls and online appointments. The well-being team at Paycom is dedicated to connecting employees to programs and resources that promote a holistic approach to wellness.
• Pet Insurance: Through WishBone, the provided plan covers up to 90% of vet bills for an employee’s dogs or cats, regardless of the provider. Additionally, Pet Benefit Solutions offers a Total Pet Plan discount program, including discounts on PetCareRx and in-house veterinary care at participating clinics, 24/7 telehealth with AskVet, and durable ID tags with a 24/7 pet locator through ThePetTag.
• Caregiver Specialists from Care.com: These specialists provide guidance on various services, including adult care, aging resources, disability assistance, emotional wellness, and legal/financial consultations. This benefit is available 24/7 for free.
• Financial Wellness & Retirement Planning: The team can use financial wellness resources, such as budgeting tools, goal-setting support, and online lessons tailored to individual needs. They can also connect with licensed financial coaches through virtual and in-person meetings at Paycom’s Oklahoma City and Grapevine campuses and educational seminars specifically designed for all Paycom staff.
• Fitness Perks: Paycom employees have access to green spaces and fully-equipped, state-of-the-art fitness facilities on-site in Oklahoma and Texas.

By investing in their people, Paycom helps create a healthier, more engaged workforce, demonstrating the powerful impact benefits can have on both employees and businesses.

To learn more about Paycom’s benefits, visit https://www.paycom.com/careers/culture/benefits/