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Pros

  • Cloud-Based
  • Guided Onboarding

Cons

  • Limited Setup Support
  • Additional cost for time tracking

Paycor is a publicly traded HR company that has raised over $250 million in funding and now supports a user base of more than 2 million individuals. Offering more than just basic payroll services, Paycor delivers extensive support across various essential areas for HR departments.

With features like general ledger integration, OnDemand Pay, AutoRun, employee self-service, and advanced reporting capabilities, Paycor streamlines the payroll process for businesses. The system offers step-by-step guidance, ensuring transparency by clearly outlining debits before payroll is processed.

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.

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.

Paycor does not publicly disclose its pricing information on its website. Instead, the cost of its products is determined on a case-by-case basis, considering factors such as the size of the business, the industry it operates in, and the specific needs and preferences of the organization.

For accurate pricing details and a personalized quote tailored to your business requirements, it is advisable to contact Paycor directly.

Paycor offers various support channels, including chat, phone, and a support center. To access customer support via phone and the support center, a Paycor login is necessary. The support center provides answers to frequently asked questions, along with resources such as videos for account setup, articles for onboarding assistance, and information on requesting time off. Additionally, support is available through email and phone during weekdays (Monday through Friday) from 8 a.m. to 8 p.m. Eastern Time.

While Paycor provides payroll services, it also offers small businesses a comprehensive human capital management (HCM) solution. With Paycor, businesses can take advantage of automated payroll processing, a user-friendly mobile app for both employers and employees, and the ability to create custom reports tailored to their specific needs. Paycor handles new hire reporting and automates the filing of tax documents, ensuring compliance and saving valuable time for businesses.

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