Paycor Review

Founded in 1990, Paycor is a software-as-a-service (Saas) company headquartered in Cincinnati, Ohio. It offers many tools that help businesses efficiently manage payroll and human resources.

Keep reading our Paycor review to learn more about the platform’s services, prices, and more.

Founded in 1990, Paycor is a software-as-a-service (Saas) company headquartered in Cincinnati, Ohio. It offers many tools that help businesses efficiently manage payroll and human resources.

Review

Company owners and managers would agree that payroll and human resource management are among the challenging aspects of running a business. This is where Paycor comes in, a cloud-based platform offering automated payroll and HR management solutions.

Features

The main offerings of Paycor are its automated payroll system and seamless HR management tools.

Its payroll system features a general ledger integration, allowing you to track your finances without opening other apps. It makes paying employees simple with its OnDemand Pay and AutoRun functions. Most importantly, the system is flexible, so it can adapt to your business’s needs and offers guides to ensure that you follow local, state, and federal rules.

Paycor’s HR management tools have comprehensive features, making supervising employees much easier. It has compliance reporting, performance management, and time-tracking functions. There’s even a tool that allows managers to view employee work hours and approve time off requests in real time.

What’s nice about Paycor is that its features are tailored not only to the needs of business owners and HR managers. They also have elements specifically designed for employees. For example, employees can avail of health insurance plans on the platform. They can also enroll on benefits and make changes throughout the year.

Ease of Use

Paycor’s interface is designed with administrators and employees in mind – making it easy for everyone to navigate. Administrators can quickly access reports and manage employee data with just a few clicks. Meanwhile, employees can log in to view their pay stubs, request time off, or change their personal information.

Customer Support

While the platform is generally easy to use on its own, there may be times when users need additional support or assistance from Paycor’s customer service team. Fortunately, Paycor offers 24/7 customer support via phone or email – ensuring that users can get help whenever needed.

Pricing

Paycor offers four plans for small businesses: Basic, Essential, Complete, and HCM. These plans are designed for companies with 50 or fewer employees.

• Basic

Setup fee: None

The Basic plan is $99 per month plus $5 for each additional person. It has automated payroll, federal and tax filing, a self-service employee portal, and a mobile app for employees and employers.

• Essential

Setup fee: $59

For businesses needing more compliance management features, the Essential plan costs $149 monthly plus $6 per person. This plan includes onboarding support via the self-serve employee portal, document templates, training, and labor law poster access. Workers’ compensation coverage and deductions are also included in this plan. The one-time setup fee is $59.

• Complete

Setup fee: $99

The Complete plan includes everything from the Basic and Essential plans, access to an HR professional, analytics tools, 401(k) processing, and automatic wage garnishments when needed. The monthly cost is $199 plus $7 per person.

• HCM

Setup fee: $199

The monthly subscription for the HCM plan is similar to the Complete package at $199. However, the cost per employee is much higher at $12 per person as it already includes all the features of the three lower-tier plans. It also has goal-tracking tools, document management, automated alerts, and performance review functions.

Paycor also offers custom pricing for companies with more than 50 employees. To know more, you’ll have to them an email and provide the necessary details.

Customer Support

The company provides comprehensive customer support resources, including live chat and phone support during business hours (Monday-Friday, 9 am-5 pm EST). Users can also email or submit a ticket through the online portal if they need assistance.

Pros & Cons

As with any software solution, there are pros and cons associated with using Paycor for payroll and HR management. Here are some key points to consider:

Pros:

• A comprehensive suite of features
• User-friendly interface
• 24/7 customer support
• Transparent pricing model
• Customizable pay periods

Cons:

• A bit pricey compared to similar services

Conclusion

Paycor is an excellent choice for businesses looking to streamline their payroll processing and HR management tasks. With its comprehensive suite of features, user-friendly interface, and 24/7 customer support, many companies have turned to Paycor for help managing their workforce.