Pros & Cons
- Custom reports
- Deeply integrated time & attendance tracking
- Extensive features to manage HR & payroll
- Benefits can be administered directly through the platform
- No integrations with tools like Quickbooks
- Many powerful features only available as add-ons
Plans & Pricing
Paycor is divided into the small business suite which powers companies with 39 employees or fewer and the mid-market business suite powering companies with 40+ employees. The mid-market plans are tailored to each business but the small business plans have everything you need to thrive.
The entry-level plan comes with the most important features you need to run payroll effectively. That includes storing documents related to compliance, tax filing, running payroll, an employee self-service app, and direct deposits.
The essential plan builds on the basic features with workers compensation payments, PTO management, detailed HR resources, and common checklists and handbooks. It also gives you much deeper reporting with the ability to create your own. Finally, it gives you access to all the onboarding tools you need to get employees up to speed quickly.
The final small business plan continues to incorporate more features. It comes with everything from Essential but adds 1:1 help from an HR pro, electronic signing, a team to manage garnishments, deep integrations with 401K providers, and access to general ledger services.
The Paycor pricing schedule is more expensive than other payroll solutions available but it does bring a lot of features to the table. If you’re not too price sensitive then it can make a huge difference in the efficiency of your payroll processes.
Paycor was founded back in 1990 when the internet was still in the nascent stages. Its mission since inception has been to help small and medium businesses manage payroll and human resources tasks in house. Today, 30 years on, it has developed an end-to-end solution to help businesses spend less time on payroll and more time growing.
Features and Functionality
Paycor is one of the most feature-rich payroll and HR platforms on the market. It provides the major features you’d expect such as direct deposit, W-2 or 1099 forms, and tax compliance assistance. It also provides employee pay cards, an employee portal for self-service, and 401k integrations.
The custom reporting features allows you to pull data from various places like time tracking, payroll, and HR to create reports that give you a holistic overview of your business. You can then slice and dice the data to get the insights needed to make smart labor decisions. It’s not locked into your account, you can share reports with various stakeholders so everyone is on the same page.
It has in-built tools and smart integrations like Zoom to help you manage the entire recruitment process. Search resumes, send text messages to candidates, create and save interview scorecards, automate offer letters, and even collect signatures electronically.
Paycor gives you the tools to integrate with your benefits providers and make it easy to enroll new employees, share pertinent information with the right people, and see analytics related to your benefits packages. It also helps you stay compliant with the IRS by generating and filing the necessary forms.
The platform allows you to set up a series of tasks that new employees need to complete and even automate form submission, signatures, and training.
Integrations & Add-ons
Paycor has many add-ons that make your HR team even more efficient and accurate. In addition to the add-ons provided there are multiple integrations with various services such as accounting software like Black Baud Financial Edge, rewards and recognition software, and compliance software.
You’re able to send out regular employee engagement surveys and get back a wealth of data that can be analyzed. The Pulse Surveys tool uses natural language processing to understand the sentiment behind what your employees say and translate that into insights you can use to improve morale correct course.
Learning management system
The LMS allows you to build structured training sessions for all your staff to access in the office or remotely. You can also compartmentalize the training for different groups or departments, see completion stats, and get feedback from employees within the LMS.
Time tracking and attendance is an integral part of any business. With this integration, you can create schedules, track overtime, PTO, allow mobile punching, pull reports into your main dashboard, and stay on top of labor costs.
Ease of Use
Surprisingly, Paycor has managed to create an intuitive platform even though it has a full range of features. Users often comment that they were able to get started quickly and learn the ropes. The company also provides webinars, a knowledgebase, and tutorials so you’ll be able to find your way around the application and get unstuck when you run into issues. The advanced features can take some getting used to but the general features are simple to learn.
Paycor offers support to its customers in many ways so it’s left for you to pick the one that works best for you. The team is well-trained and can handle most issues related to the software but they don’t handle many questions about payroll laws – you’ll have to speak to a designated expert for that.
Phone SupportPhone support is available during normal business hours for all customers.
Video TutorialsPaycor offers multiple video tutorials to walk new users through the main features of the software.
FAQIt has short FAQ but a much larger knowledgebase.
BlogIt has a blog referred to as the resource center which deals with all things HR and payroll.
Paycor is an HR and payroll solution that leaves no stone unturned. It helps small and medium businesses handle every step of the journey with employees from recruitment and onboarding to vacation time and benefits administration. It has the core features needed to stay compliant with the law like notice posters and tax filing for state & federal taxes. It also adds features that make your job easier such as a learning management system.
One of the most powerful tools provided by Paycor is the custom reports dashboard. You can pull data from different areas like HR, payroll, and time clocks to get a clear view of where your human capital should be allocated. While Paycor does bring a lot of useful features to the table, they don’t come cheap. If you’re not overly concerned with price then this is a solid platform that’ll streamline your payroll and ensure your HR team is performing at its best.