Paycor Review 2024
Paycor is a human capital management (HCM) platform that helps small and mid-sized businesses manage their end-to-end HR processes. Its wide range of features includes recruiting, onboarding, payroll, talent development, tax filing, and more.
Paycor’s cloud-based platform is accessible via multiple devices from the office and remote locations. The services are great for businesses with workforces of 50 to 1,000+ employees.
- Trusted by 40K businesses & 2.5M users
- Stress-free payroll & tax compliance
- Easy-to-use reporting tools
- Highly extensive partner network
- Super fast response via chat or phone
- No Quickbooks integration
Paycor review: Ease-of-use
Paycor’s dashboard is clean and user-friendly. The platform comes with many navigation tools to guide users through some of the complicated steps.
One of Paycor’s unique features is customizable dashboards. Every user can easily adjust their dashboards according to their needs and tasks. This makes navigation a breeze and significantly improves productivity.
The mobile app and employee self-service portal are also easy to use. They help employees access their profiles and complete tasks smoothly.
However, several customer reviews suggest that Paycor’s implementation process is relatively slow. While their team takes care of a lot of the work, this can be a huge issue if you’re looking for a quick setup for your payroll system.
Paycor review: Pricing
Paycor has four pricing tiers for companies with less than 50 employees. Companies with 50 to 1000+ employees can create custom plans by choosing their needed features for a custom quote.
Their website does not provide pricing details, so you will need to request a quote regardless of which plan you choose. Currently, Paycor offers a 50% discount on all its plans for the first six months. They’ve also waived the added setup fees on all plans.
Paycor Basic package
The Basic plan from Paycor is for businesses that only need simplified payroll and tax compliance. It includes the following:
- Payroll processing
- Tax filing
- Wage garnishments
- On-demand pay
- New hiring filing
- Reporting tools
- And more.
Paycor Essential package
The Essential plan includes all the features of the Basic plan along with some HR features:
- Onboarding
- Time-off management
- Job costing
- 401(k) processing
- Basic analytics
Paycor Core package
Core is Payrcor’s most popular plan that offers all features from the Essential package plus:
- Expense management
- On-demand HR support
- Employee import
- Employee engagement
- Leadership training
Paycor Complete package
Paycor’s top-tier plan is for businesses that want to improve their HR team’s productivity and provide development tools for their employees. Along with the features from the Core plan, it also includes the following:
- Talent development
- Compensation planning
- Career management
- Advanced analytics
- General ledger reporting
- And more.
Paycor review: Features
Since Paycor is HCM software, its range of tools is more varied than that of payroll-only solutions. Here are the major features businesses benefit from when you sign up with Paycor:
Payroll processing
Paycor offers automated payroll processing with no monthly run limit. The robust payroll management platform calculates and withholds deductions and taxes based on the information provided.
Multiple payment options are available, such as two-day direct deposit, checks, and pay cards. Furthermore, employees can opt for on-demand pay on whatever schedule they prefer. The platform also handles tax calculations and filing to ensure tax and regulatory compliance.
HR tasks
Paycor’s HR software solutions automate routine HR tasks such as recruiting, onboarding, performance management, time tracking, employee scheduling, and more.
Benefits administration
With its Benefits Advisor, Paycor goes beyond standard benefits administration. It comes with automated workflows to relieve your admin teams of the pressure of compliance.
There’s also a host of self-service features that allow employees to choose their benefits, manage profiles, and make updates for life events.
Employee self-service portal and mobile app
Payroll’s self-service portal and mobile app provide employees with access to a wide range of tools, thus reducing the HR and admin team’s burden.
On the portal, employees can complete HR paperwork, view pay stubs, manage benefits, request time off, and much more. On the mobile app, they can receive notifications about upcoming tasks and company events.
Reporting and analytics
With Paycor’s analytics tools, businesses gain access to diversity and inclusion metrics, compensation insights, and similar data that enable better decision-making.
Their pre-built dashboards give you a quick view of data such as cash requirements, tax liability, headcount, overtime hours, check summary, etc. Moreover, you can isolate data and choose visualizations in various formats, such as tables, charts, breakdowns, bubble grids, etc.
Integrations
Paycor has partnered with over 220 apps to bring users a wide range of functionalities. Some of its marketplace apps include:
- Puzzle HR
- PayFlex
- Epicor
- AssureHire
- Oracle
- Payscale
- Ignite
- Ubiquity
- Wex
- ClearStar
- WorkforceHub
- Glassdoor
- 7shifts
- Workforce.com
Paycor Review: Additional features
Here are some additional features that are available to businesses through Paycor’s platform:
- ACA reporting and filing
- Pay-as-you-go workers’ compensation
- Expense management tools
- Employee surveys
Paycor review: Customer support
Paycor offers customer support via live chat and phone. Call support is available Monday through Friday from 8 a.m. to 8 p.m. EST. You can also create and submit your case to a Paycor advocate.
For support on more common topics, users can access video tutorials, articles, whitepapers, HR glossaries, and more. Note that Paycor’s priority support, such as 1-on-1 assistance, is only available for those with Essential, Core, and Complete plans.
Paycor review: Verdict
Paycor is HCM software, but it doesn’t offer complete HCM solutions. However, its payroll services are attractive for growing SMBs that need HR features and add-ons like time-tracking, reporting, etc.
A look at customer reviews and historical pricing clearly shows that Paycor’s custom pricing can be too expensive for small businesses and startups. This is especially true if you consider the add-on fees for setup and other similar costs. Perks like on-demand pay, an employee self-service portal, and a mobile app make Paycor an attractive solution for improving retention.
Overall, we recommend Paycor to businesses that want a customized package of payroll features along with some HR management tools. If you want a simple payroll solution only for a smaller company in the US we recommend considering Gusto.
