Paycor plans to double its workforce by 2021 as a result of faster-than-expected growth in the business.
Part of that plan also calls for the Norwood-based human resources consulting and payroll software company to add 1,064 jobs in Ohio.
"We didn’t realize we would be here so soon," said President Stacey Browning, adding that the company was thankful for the state's tax incentive offer. "We’re setting our sights beyond where we are today. We’re considering many options because the growth has come."
Browning said there are four factors behind Paycor's growth:
* A big payoff from Newton - Paycor bought San Francisco-based Newton
Software in 2015 because it was interested in the California firm's
applicant tracking system designed to help small and medium-sized
employers in recruitment.
* A growing footprint - Paycor is seeing revenue growth from efforts to expand its U.S. sales force.
* Strategic partnerships - Business referrals have been a strong opportunity for Paycor to capture revenue especially as more firms seek advice regarding health insurance and other regulatory compliance issues.
* New products - Paycor has developed proprietary products including one to assist firms with Affordable Care Act compliance.
Click here to read the entire article from the Cincinnati Enquirer.
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