Paycor Reviews 2024: Features, Pricing, Pros & Cons

As companies look to make their HR and payroll tasks easier, Paycor gives them a full set of tools to boost productivity, cut down on paperwork, and improve how they handle their workforce.

We’ll take a look at what Paycor can do, how much it costs, and the good things it brings to the table, while also talking about where it might fall short. If you’re thinking about using Paycor, this overview will give you helpful information to figure out if it’s right for your company’s needs.

Paycor Overview

Paycor

• Spot Score: 9.6/10

• Pricing: Custom pricing

• Platforms: Browser Based, Android, iOS

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Pros	Cons
Comprehensive HR and payroll solutions User-friendly interface Custom pricing plans Excellent customer support Powerful integration options	❌ Some features may require additional fees ❌ Limited customization options

What is Paycor?

 Paycor is a comprehensive Human Capital Management (HCM) platform with a focus on leader empowerment. It helps small and mid-sized companies to simplify their HR, payroll, and workforce management tasks. Founded more than 30 years back, Paycor assists over 40,000 businesses across the US. It provides a range of HR and payroll tools that help companies save time, cut down on paperwork, and boost overall organizational efficiency. 

Features of Paycor: What is Paycor Used For?

Businesses use Paycor to streamline and enhance their HR and payroll tasks. The platform offers tools to hire, manage, and grow talent, manage the workforce, handle benefits, and ensure compliance. Companies can control employee information, find and nurture talent, process payroll, and follow labor laws all through one user-friendly system that brings everything together.

HR & Payroll Solutions

Paycor’s HR and payroll solutions help businesses automate routine tasks, mitigate compliance risks, and pay employees accurately and on time. The software helps over 2.3 million users across all 50 states offering a full set of tools that lets organizations manage everything from hiring to retirement in one place.

Key features of Paycor HR & payroll solutions:

• Payroll: Paycor’s top-rated payroll platform makes paying employees simpler. It offers flexible payment options instant calculations, and early wage access. This payroll platform warns users about tax rules and has an easy-to-use mobile app. Employees can check their info on their own, which helps businesses manage payroll well and make fewer mistakes.

• Expense Management: The expense management module helps companies update their expense tracking methods. It provides features such as customizable policies, detailed reporting, flexible expense groups, and mileage tracking. Workers can submit expenses through a mobile-friendly interface, which makes the process smooth for both managers and employees.

• HR Software: Paycor’s all-in-one HR platform brings together all HR tasks letting businesses handle HR requests with automated workflows and unlimited jobs. Main features include reminders and alerts, employee recognition tools, self-service options, and insights for leadership teams to better understand their teams.

• Analytics: Paycor’s powerful analytics tools give useful insights through easy-to-grasp workforce data. They include predictive analytics for resignations, compensation analysis, benchmarking, and comprehensive data on turnover and headcount. Paycor Analytics helps businesses to make smart choices.

• Compliance Management: Paycor helps businesses stay ahead of ever-changing regulations with proactive alerts and tax compliance warnings. The platform offers a compliance dashboard that points out issues like missing or wrong tax IDs and differences in direct deposit info. This ensures businesses follow rules without extra worry.

• Employee Self-Service: Paycor’s phone-friendly self-service option lets workers check their pay stubs W-2s, and benefits details right from their phones. This boosts involvement and cuts down on HR teams’ paperwork.

• Real-Time Calculations: With real-time payroll calculations, businesses can avoid errors and last-minute changes, giving both employees and managers peace of mind.

• Advanced Payroll Features: The payroll system also offers On-Demand Pay (Earned Wage Access), Paycor Mobile Wallet for safe money handling, AutoRun to set up automatic payroll runs, and strong reporting tools that show all the details about cash requirements and tax liabilities.

Talent Acquisition

Paycor provides a full set of tools to make the whole talent acquisition process easier covering everything from recruiting and hiring to bringing new employees on board. By adding modern features and easy-to-use interfaces, Paycor makes it simpler for HR and internal recruiting teams to attract, hire, and keep top talent.

Paycor Recruit & Hire

Paycor Recruiting is created to meet recruiters’ specific needs. The system gives a central view of job candidates recruiting status, and high-priority job listings through its candidate dashboard. This clear picture helps recruiters to handle their pipelines more and make smart choices. Structured interview scorecards are another key feature that allows recruiters to assess candidates in the same way and compare their skills to find the best match.

The platform also uses AI to create job descriptions fast cutting down the time to write detailed posts. Custom hiring workflows can be adapted to meet specific hiring needs ensuring a smooth candidate review process. Paycor Recruiting boosts the hiring brand with career pages that can be tailored to match the company’s website all without needing IT help. Also, Candidate Texting keeps job seekers in the loop and interested throughout the hiring process making communication better and improving their experience.

Paycor Employee Onboarding

Effective onboarding plays a key role in keeping employees happy and preventing turnover. Paycor offers employee onboarding tools that aim to simplify and enliven this process. Their mobile optimization feature lets new hires finish onboarding tasks on any device whenever they want making it easier and more convenient. Paperwork automation cuts down on admin work by automating how new hire documents are filled out and tracked, which helps companies stick to the rules.

To get new hires excited, Paycor employee onboarding solution lets companies send personalized welcome messages, info about the company, and policy documents before a new hire’s first day. Task lists and bulk actions help manage onboarding, while tax credit identification helps companies spot and use potential hiring tax credits they might qualify for.

Talent Management

Paycor’s talent management tools aim to create a good work environment and help companies grow their staff. The platform provides broad support to manage performance, advance careers, and engage employees. This ensures workers stay motivated, grow their skills, and contribute to company success.

Performance Management and Career Development

Paycor helps with ongoing growth and coaching. Paycor Perform supports regular feedback, tracks goals, and recognizes achievements to keep employees involved and in line with company aims.

Key features include tracking goals and objectives using SMART goals and Objectives & Key Results (OKRs) to set effective goals and customizable templates for productive coaching talks. The recognition tool also boosts employee morale by celebrating successes and encouraging motivation.

Career Management and Succession Planning

To tackle staff turnover and boost talent management, Paycor’s career management solution provides strong tools to plan succession and develop employees. The software helps staff grasp their roles and spot areas to grow by setting up role profiles and competency mapping.

Regular job assessments give useful insights to guide career growth. This well-planned approach not only boosts engagement and keeps more staff but also improves performance by lining up personal goals with company aims.

Learning and Development

A key part of helping employees grow is having a good learning management system (LMS) in place. Paycor’s LMS brings together online, classroom, mobile, and social learning tools letting staff learn at their own speed.

The system offers step-by-step training you can do on your own from different devices and provides many courses, including ones on following rules leading others, and working well with people. Compliance tracking tool makes sure employees meet legal requirements, while the overall learning culture helps improve retention, performance, and engagement.

Compensation Management

Effective compensation management is essential for attracting and retaining top talent. Paycor’s compensation management tool makes it easy to plan and give out pay raises, bonuses, and rewards.

The system has tools like pay benchmarking to make sure pay rates stay competitive, advanced pay equity to tackle fairness issues, and auditing tools for transparency and compliance. By making pay processes run on their own, Paycor cuts down on manual work, enhances transparency, and helps with smart pay planning.

Workforce Management 

Paycor’s workforce management tools aim to help companies boost scheduling, track time and attendance, and manage labor costs. The system uses real-time data and analytics to offer useful insights. These insights help leaders make smart decisions and enhance workforce productivity.

Time and Attendance Management

The platform simplifies and automates time-tracking processes, which leads to better accuracy and productivity. Paycor Time lets companies handle time off, track hours worked, and monitor labor distribution without breaking a sweat. Automated timekeeping eliminates manual time cards and spreadsheets by integrating with payroll to reduce errors and improve accuracy.

The unified system of record puts timekeeping and payroll info in one place, which stops costly slip-ups and keeps things consistent across different areas. Attendance management tools help set up and enforce attendance rules keep an eye on late arrivals, and deal with absences in a smart way.

Time off management figures out accruals on its own and allows for flexible time-off rules that fit what each company needs. Real-time insights give access to key info, so businesses can check time card issues, keep track of hours worked, and get detailed overtime data to handle labor costs more.

Employee Scheduling

Paycor’s employee scheduling software tackles common scheduling issues and improves workforce management. The platform’s automated scheduling tool makes it easy to create, copy, and repeat shifts cutting down on manual mistakes and boosting productivity. Interactive dashboards give clear insights into shift coverage, budget control, and job needs helping businesses keep costs in check and manage schedules well.

The employee self-service option lets workers handle their own schedules giving them the power to swap shifts set when they’re available and ask for time off with their manager’s okay through an easy-to-use system.

Paycor Mobile brings scheduling tools to users on the move letting managers and employees see, make, and change shifts while getting updates and alerts in real time. Real-time communication features do away with the need for constant check-ins by sending out notices and reminders about schedule changes, keeping the team in the loop, and cutting down on mix-ups.

Overall, Paycor’s tools for enhancing every aspect of people management give companies the knowledge and automation they need to boost productivity and keep labor costs in check.

Benefits Administration 

Paycor HCM makes it easier to handle employee benefits with a full set of tools that help smooth out open enrollment, keep an eye on benefits programs, and stay in line with regulations. The platform’s easy-to-use layout allows employees to sign up for and take care of their benefits without hassle, which cuts down on the paperwork HR teams have to deal with. 

• Paycor stands out with its ACA (Affordable Care Act) management tool. This helps companies get ready, create, and send in important ACA forms like 1094-C and 1095-C. The ACA management tool has several key parts. Filing Success helps to prepare and send in required forms. It also gives feedback on how the submission went and lets users look at their filing history.

• Proactive notifications warn users about possible compliance problems and rule changes. The reporting engine makes it simple to create needed reports, which helps make sure ACA filings are correct. An interactive dashboard shows a clear picture of ACA reporting status and compliance numbers, which helps HR teams handle their duties. Paycor’s ACA reporting tool also comes with a special ACA Care team and advanced systems to manage errors. This helps clients handle the tricky parts of ACA compliance without worry.

• Besides managing ACA, Paycor gives you tools to stay compliant and streamline benefit administration. The system prepares and files 1094-C and 1095-C forms working with payroll and time tracking. This automation helps keep tabs on employee hours and eligibility cutting down on manual reports and keeping you in line with the rules.

• Paycor also offers pulse surveys, which give you useful insights by letting you create surveys and analyze the results helping teams make smart choices. The Work Opportunity Tax Credit (WOTC) feature spots potential credits for eligible workers maximizing financial perks for businesses.

• Paycor provides a pay-as-you-go option for workers’ compensation. This system makes insurance payments automatic based on payroll. It gets rid of big upfront costs and unexpected bills at year’s end. This method improves cash flow and makes budgeting easier by ensuring correct premium payments. The system makes premium payments automatic and avoids surprises when the year ends.

• Moreover, Paycor sends wage data to the insurance carrier every pay period without you having to do anything. This cuts down on paperwork and reduces mistakes.

Paycor Pricing

Paycor offers custom pricing plans ranging from $40 to $229 per month, plus from $6 to 16 per employee per month, depending on your business’s size and needs. Paycor’s basic plan includes payroll, wage garnishment, and on-demand payment. Its advanced plan offers more features like time-off tracking and onboarding, expense management, advanced analytics, compensation planning, and talent development.

For businesses with under 50 employees, Paycor provides 4 plans:

For businesses with 50-1000+ employees, Paycor offers 1 month free available, including features like payroll, HR, and analytics.

To get an accurate quote, it’s recommended to contact Paycor directly or request a consultation through their website. Pricing typically depends on the number of employees, the specific features required, and the level of support needed.

Paycor Reviews

Pros	Cons
Comprehensive HR and payroll solutions User-friendly interface Custom pricing plans Excellent customer support Powerful integration options	❌ Some features may require additional fees ❌ Limited customization options

Pros of Paycor

Paycor stands out with its full set of HR and payroll tools offering many features to make workforce management easier. The platform is easy to use, with pricing plans that fit different business sizes, from small to big companies.

Also, Paycor has great customer support so help is always there when you need it making the whole experience better for users. The system can easily integrate with other tools like Awardco, NetSuite, and 15Five, which makes it even more useful. This gives Paycor an edge in handling HR and payroll tasks.

One of the key advantages of Paycor is its scalability. Paycor’s self-serve portal and mobile app let workers handle their own benefits ask for time off, and check their pay stubs. This cuts down on HR’s workload and gives employees more control. Another big plus is the on-demand pay option, which lets them access their earnings more.

Cons of Paycor

You might have to pay extra for certain features, which could make the service cost more overall. Also, you can’t customize some reports as much as you might like, which might limit how well you can tailor your reporting to your specific business needs.

Paycor Customer Service

Paycor offers a wide variety of customer service options, including phone support, online chat, and a dedicated support team. Customers have access to a knowledge base, training resources, and personalized support to ensure they get the most out of their Paycor solutions.

Paycor Alternatives

There are several alternatives to Paycor that businesses may consider, including ADP, Rippling, and Gusto.

	Paycor	ADP Workforce Now	Rippling	Gusto
Starting Price	approximately $40 per month + $6 per employee per month	approximately $62 per month + $5 per employee per month	$8 per employee per month	$40 per month + $6 per employee per month
Free Trial		❌	❌
Payroll
Onboarding
Benefits Administration
Talent Management
Time and Attendance Management
Best For	Payroll services	Overall	Easy of use	SMBs

Check more In-depth comparisons of Paycor, ADP, Rippling, and Gusto

Paycor vs. ADP Workforce Now

ADP Workforce Now provides payroll and HR services worldwide offering many features for companies of all sizes. Paycor and ADP both have full HCM solutions, but smaller and mid-sized companies often prefer Paycor because it has an easy-to-use interface and solutions made for specific industries.

Paycor vs. Rippling

Rippling has an all-in-one system that combines HR, IT, and finance tasks. While Rippling is highly regarded for its cutting-edge features, Paycor is often chosen for its focus on HR and payroll solutions and strong customer support.

Paycor vs. Gusto

Gusto is a popular choice for small businesses looking for affordable payroll and HR solutions. While Gusto offers competitive pricing and a simple interface, Paycor provides a broader range of features and useful customer support options.

Conclusion

Paycor provides a full range of HR and payroll tools that help small and mid-sized companies save time and boost their productivity. Its easy-to-use system and powerful features help make Paycor a go-to choice for businesses wanting to simplify their HR and payroll tasks. If you need to run payroll handle employee benefits, or keep up with labor laws, Paycor has the know-how and resources to help you get the job done.

(Image Credit: Paycor)

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