Plans and Services
Paycor provides a comprehensive platform designed to meet the HR needs of small to midsize businesses by consolidating various functions, including onboarding, payroll, expenses, and talent development. Through the employer or HR department portal, organizations can efficiently manage their organizational chart, share company news, and keep track of new hires and the onboarding process.
With Paycor, businesses can run payroll smoothly, set up benefits administration, and manage open roles and expenses effectively. The platform offers four plans specifically tailored for small businesses, making it ideal for companies with fewer than 50 employees.
Basic Plan
The Basic plan includes essential features such as tax and federal filing, automated payroll processing, a mobile app for both employers and employees, and a self-service portal for employees. With the on-demand pay option, employees can choose to receive their wages on a specific date rather than waiting for the next scheduled payday.
Essential Plan
The Essential plan is designed for administrators seeking additional compliance management features. It offers onboarding support, access to training resources, labor law posters, and document templates. This plan also includes 401(k) processing, recruitment tools, and coverage for employee compensation and deductions.
Core Plan
The Core plan includes all the features found in the Basic and Essential plans, plus additional benefits such as access to an HR professional, expense management tools, and Paycor’s career management features.
Complete Plan
The Complete plan encompasses all the features available in the other three plans. It also offers compensation planning, advanced analytics, talent development features, and Paycor Paths, which focus on leadership training and development.
Features
Paycor offers businesses the flexibility to choose between two options: a comprehensive all-in-one Human Capital Management (HCM) platform or a streamlined payroll tool. This versatility allows organizations to select the solution that best meets their specific needs, accommodating those who require extensive functionality as well as those who prefer a straightforward payroll option without extra features.
Onboarding
Paycor offers a straightforward solution for onboarding new employees. Their platform allows all necessary paperwork to be completed online, removing the hassle of paper forms. This process includes gathering personal information, tax forms, and setting up direct deposit, all in a digital format.
Time Tracking
Paycor combines a wide array of HR functions into one platform, though time tracking is offered as an additional feature. With Paycor Time, employees can easily clock in and out using either a web browser or a mobile app. They can also submit PTO requests directly from their personalized dashboards and monitor their paid time off with ease.
Tax Filing
Paycor’s payroll software efficiently manages tax calculations, guaranteeing accurate deductions and withholdings in line with applicable tax laws and regulations. It also takes care of tax filing and payments, streamlining the entire process for users.
GUIDE Elite
Paycor’s GUIDE Elite implementation experience is tailored to ensure a smooth and hassle-free transition for new customers during the setup phase. It provides hands-on support, expert guidance, and an array of tools to create a seamless onboarding experience.
Compliance
Paycor offers businesses multiple tools to protect their operations and ensure adherence to tax and regulatory requirements. By using Paycor’s integrated time and attendance and payroll features, you can effectively track employee hours and maintain an audit trail, which is crucial for future audits or inquiries. Additionally, Paycor provides helpful reminders to assist with compliance in areas such as recruiting, tax filing, and payroll.
Reporting
Paycor offers a variety of pre-built reports that help visualize specific data types, facilitating informed decision-making. By leveraging these reports, you can gain insights into employee turnover and pinpoint departments that are most affected. Additionally, you have the flexibility to isolate particular data points of interest, such as headcounts, income, or labor costs.