Chad Richison – President and CEO at Paycom

Compensation Information for Chad Richison

Jeff Bezos may be the richest man in the world, but his $ 1.7 million paycheck from Amazon was nowhere near making a list of the highest paid CEOs by 2020.Top of the New York Times list of industry experts, including the likes of GE, Netflix, and JPMorgan Chase, goes to a Oklahoma City-based HR management software provider called Paycom.CEO Chad Richison’s compensation package has increased to $ 211 million by 2020.

Chad Richison, Paycom CEO

The chad richison founded Paycom in 1998, pioneering a self-employment approach to HR management, which paved the way for things like registering benefits or checking your wallet through your phone. The company now provides 31,000 clients with approximately 5 million profiles, most of them. among medium-sized businesses with up to 5,000 employees. As it happens, Richison will not see much of this year’s compensation for several years, as the stock-based award is part of a long-term incentive plan for the company’s 2021 representative.

In fact, Richison’s real pay for 2020 will be higher than $ 20 million if Paycom’s share price does not reach a certain target.

That is still a very high number, but looking at the company’s recent performance could suggest that Richison is doing a good job as CEO. The company’s stock has performed much better than the S&P index of software companies at a broken price, with 26% annual profits from 2017.

Richison – Crunchbase Person Profile

Paycom appears to be inconsistent with the accounts of wealthy CEOs who were rewarded despite a business crisis, with several management and employee satisfaction awards, including one to lead Glassdoor during the COVID-19 disaster. With this compensation package, the board shows it wants Richison to continue.

In order for chad richison to receive a full-term compensation worth $ 175 million, Paycom’s stock will need to increase from $ 400 to $ 1,000 over the next six years and $ 1,750 over the next ten years.Richison will not be eligible for additional equity grants until 2026. Richison, who holds the approval rate of the CEO of 95%, is the only CEO of a Oklahoma-based company that can get a place on the list of top 25 elected officials. The United States. “Our team was flexible and flexible while we continue to provide our customers with a world class service, develop new technologies and add new customers, while working part -time at home.