Paycor Review

Product:
Vendor:
Founded:
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Paycor
Paycor
1990
Cincinnati, OH

Ownership:
Customers:
Deployment Model:
Free Trial:

Private
40,000+
Cloud
No

Product Overview

Paycor is a cloud-based unified human capital management system that helps medium and small businesses efficiently manage all of their HR tasks. Businesses won’t need to worry about purchasing and maintaining different solutions. With Paycor, companies manage all employee records in one place.

One benefit of Paycor is employee self-service. Employees can change their personal information (such as emergency contact), check their paystubs and leave balance, clock in and out, complete their performance reviews and more. Employees can access these features from any device with a web browser or via the Paycor Mobile app.

Paycor has the following modules, which we will detail more in the Features section below:

• HR
• Benefits
• ACA
• Recruiting
• Paycor Smart Sourcing (automated talent sourcing)
• Onboarding
• Talent Development
• Payroll
• Time and Attendance
• Scheduling
• Career Management
• Learning Management
• Reporting
• Analytics
• Pulse Surveys
• Compensation Planning
• Expense Management

Features

HR – Paycor HR eliminates transactional, manual work, and it can also automate common workflows, store employee information in one central location, enhance company communications with push notifications and chat. It also empower employees to access and sign documents, complete tasks, update profiles and more.

Benefits – Open enrollment doesn’t have to be a stressful, time-consuming event. Paycor’s Benefits Advisor eliminates tedious admin work with alerts and reminders while driving efficiencies with robust carrier connections that quickly and accurately deliver enrollment data to nearly all major insurance carriers. The solution even offers dashboards and robust reporting to help HR leaders contain costs and better understand what benefits employees value.

Paycor offers a separate solution called ACA Connect that helps companies accurately and efficiently file Affordable Care Act (ACA) reports. ACA Connect integrates with Benefits Advisor.

Recruiting – Paycor Recruiting is designed by recruiters for HR hiring teams, so it actually thinks and behaves like a recruiter.

It offers robust video and scheduling integrations that make it easy to recruit, interview and hire candidates virtually. And with candidate texting, Paycor provides a faster, more reliable way to communicate with applicants, reconnect with candidates and send follow-up information or timely reminders.

Recruiters and hiring teams can even customize online job applications to ensure they are collecting the right information from candidates and monitoring compliance. Hiring managers can get valuable insights into time-to-hire, candidate pipelines and top referral sources with robust analytics and interactive dashboards.

Paycor Smart Sourcing – Paycor Smart Sourcing acts as a virtual sourcing assistant, helping recruiters increase their pipelines by using AI to find and curate lists of active and passive candidates for specific roles. It also contacts those candidates for each role. This frees up time for recruiters to focus on interviews as well as reduces hiring bias.

Onboarding – The onboarding solution allows new hires to fill out the required paperwork and receive company information before their first day. New hire documents, such as federal and state compliance forms, are stored online, reducing the administrative hassles for HR.

Talent Development – HR leaders can inspire associates, improve efficiencies and align employees to top priorities with Paycor’s performance management software. With continuous development and coaching, employers can move from the annual review and to more frequent discussions that enhance engagement, create the right level of focus and drive better business outcomes.

Paycor Talent Development saves time and removes the complexity often associated with performance management. With automated workflows, prompts, tasks and notifications, there’s no longer a manual burden on admins, managers and employees. Data is automatically compiled from a selected time frame to generate a desired report. The platform gives everyone time back in their day to focus on what really matters.

Payroll – Administrators can run payroll more efficiently with Paycor’s payroll platform. They can receive alerts for any inaccuracies and the module also has self-service functionality so employees can view their pay stubs, pay history and end-of-year tax forms. Paycor’s client success team helps businesses ensure payroll is completed accurately and complies with federal, state and local tax laws.

For more details on the payroll functionality, check out our review here.

Time and Attendance – In this solution, managers can create schedules, view employee time data and approve time-off requests. Employees can clock in and out from their mobile devices or other time-collection options, such as biometric readers, badge terminals or a web browsers.

Managers can receive alerts if an employee’s hours approach overtime or if there are any other errors with the time data. They can also run reports that track time data to help manage labor costs.

Paycor provides job costing functionality – employers can track time worked on specific projects, tasks, grants, customers, etc. and feed the data into their general ledger.

Finally, updated time data goes directly to the payroll module so there’s no manual data entry involved.

Scheduling – Paycor’s Scheduling solutions allows HR leaders to take control of labor costs and improve productivity. Managers can organize their teams, communicate information in real time and easily schedule shifts on the go. Employees can check schedules, communicate with coworkers and get shift notifications right from their mobile app.

Key features of Paycor Scheduling include customizable templates for faster scheduling, detailed reporting into shift hours and labor costs and budget planning to prevent overspending.

Career Management – The solution provides companies to create better career strategies, facilitate internal movement and identify talent risks. With role profiles and job assessments, HR leaders can evaluate responsibilities to ensure employees are meeting expectations and identify areas of opportunity. Action-oriented assessments give employees a clear understanding of how they stand within the organization and where improvement is needed.

Learning Management – The LMS solution helps managers track employee training, whether it’s live instructor-led training or online courses. Administrators can organize training programs by individuals, teams or departments. They can also create online course content that includes surveys, quizzes and assessments.

The courses are designed to be mobile optimized so learners can access them from anywhere. Other features include gamification, multiple learning paths and alerts/notifications.

Reporting – Paycor provides standard and customizable reporting templates on various metrics, such as employee engagement, compensation and payroll. Reports can be generated ad-hoc or by automatic scheduling. HR administrators can also view dashboards of all their employee data to spot future trends and share results with their leadership team.

Analytics – This solution helps HR leaders uncover insights into their employee data and share those insights with executives. (Examples of actionable data include analyzing headcount, monitoring turnover and compaing pay equity.)

With data visualization tools, Paycor helps companies answer the right questions about their workforce and transform complex data into clear, direct answers. The information is available directly in the software, so there’s no data to import or export. Administrators can tailor charts and other visualizations to fit their business needs, and then share them with others in just a single click.

Pulse Surveys – Paycor Pulse empowers leaders to go beyond the average employee engagement survey and regularly gauge what employees are thinking and feeling. The solution provides an accurate method to gather and convert employee feedback into real insights and prevent problems like turnover and low morale. When leaders get the insights they need, they can significantly improve the employee experience, organically and sustainably.

Key features Pulse offers includes engagement and benefits templates, personalized email messages, scheduled surveys and reminders, confidential and non-confidential responses, mobile-friendly surveys and employee identify safeguards.

Compensation Planning – Paycor helps HR leaders get out of the weeds of admin and recordkeeping and build effective compensation programs that drive recruiting and retention.

The solution eliminates time-consuming tasks with automated workflows, approve and event notifications and robust collaboration tools to evaluate salaries, increases and bonuses and ensure they are competitive and equitable. Compensation Planning allows the option to create multiple “what-if” scenarios for employees to see the impact and distribution across the team before committing to actual pay increases.

Expense Management – This tool has one location, so users can easily review, reimburse and report on employee expenses. Reimbursements flow seamlessly to Paycor Payroll, so companies aren’t switching to a third-party provider. Additional features include customizable policies, mileage tracking and a robust reporting system.

Target Market

Paycor targets medium and small businesses in a wide range of industries. We’ve listed 10 of its clients below:

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Implementation/Integration

New clients work with Paycor’s implementation team on a customizable implementation process. However, here are the basic steps it takes to get Paycor live:

1. There’s an implementation meeting where Paycor gathers client requirements and other data and provides them with an implementation schedule.
2. Paycor undergoes a database verification and configuration process to input the client’s employee information and configure the software to the client’s specifications.
3. Paycor offers instructor-led training for new clients.
4. Paycor tests the system by performing a payroll run and compares that to the client’s older system for verification. Clients can also test the software as well.
5. Paycor goes live.

Customer Service & Support

Clients work with the customer support team on troubleshooting, HR best practices and other inquiries. Clients’ employees can access the help center to get answers on frequently asked questions and view other resources. They can contact Paycor for tech support issues but are advised to contact their employer on HR-related inquiries (such as questions about their pay stubs).

Paycor offers ongoing training via webinars on both its product and general HR best practices. It also provides the HR Center of Excellence Virtual Summit, a multi-day series of webinars that gives HR professional tools and continuing education credits to help them stay current on the latest trends and best practices.

Finally, Paycor recognizes that every organization has unique needs and complexity levels. That’s why its quarterly enhancements include new features directly from customers. Over 40% of new features come from client ideas and suggestions.

Pricing

Paycor doesn’t publicly display its pricing information. Please contact the company directly for a quote.

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Shortcomings

Clients will need to purchase Paycor Payroll in order to use its unified HCM solution (in other words, they can’t purchase stand-alone modules, such as ATS).

Screenshots

About

Paycor creates Human Capital Management (HCM) software for leaders who want to make a difference. Our HCM platform modernizes every aspect of people management, from the way you recruit, onboard and develop people, to the way you pay and retain them. But what really sets us apart is our focus on business leaders. For 30 years, we’ve been listening to and partnering with leaders, so we know what they need: HR technology that saves time, powerful analytics that provide actionable insights and Personalized Support. That’s why more than 40,000 customers trust Paycor to help them solve problems and achieve their goals.

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