So, you are considering Paycor
You’ll be wondering if it's a good choice for you if its feature set compares well to other options on the market and if it is priced affordably enough for what you get.
This article will break all that down for you and more.
Plus, at the end of the article, you’ll find links to alternatives to Paycor as well as our top picks for the options in this category.
Or, just go straight to Our top picks for Best Payroll Software.
Without further ado, let’s get started.
Paycor is a payroll management software tailored to your HR team's business needs. Paycor helps you disburse salaries on time and pre-schedule the payroll cycles. With Paycor, you can capture critical details necessary to ensure tax compliance and switch to efficient administration.
Here are some exclusive features of Paycor:
Flexible Pay Options: Paycor lets you engage and retain your workforce with flexible payment options like direct deposit and pay cards. Moreover, you employees can check the salary revisions on the mobile app and use the self-service portal to update billable hours. Paycor is the complete solution for effectively managing your wage structure.
Tax Compliance: Paycor maintains compliance with the ever-changing local, state and federal tax regulations and keeps precise records. It handles the tax filing and processing plus calculates premiums and deposits on your behalf. Paycor ensures you never have to worry about tax compliance again by regularly monitoring regulations.
Workforce Management: The HR department has to contribute to the company's bottom line by providing strategic insights, maintaining compliance and building relations. Paycor streamlines and optimizes every aspect of your business and assists your HR teams in reinforcing the core values by motivating employees.
System Automation: Paycor centralizes your employee communication and HR tasks. It lets you create automated workflows for swift execution and provides an engaging self-service portal for your employees to update profiles or complete project tasks. With Paycor, you can protect your business interests by automating compliance with tax agencies and labour law.
Analytics: Paycor offers predictive data analytics, helping you identify the probability of employee turnover for the next annual cycle. You can transform complex data into direct answers and discover the factors affecting your workforce. Paycor provides you with a competitive edge by leveraging competitive workforce analytics data.
Paycor offers different subscription plans for small businesses and organizations with a workforce of over 50 employees.
The "Complete" plan is priced: at $199/month plus an additional $14/month per employee. It provides online check stubs and reporting.
The "Core" plan is priced: at $199/month plus an additional $8/month per employee. It provides general ledger reports and labour distribution.
The "Essential" plan is priced: at $149/month plus an additional $7/month per employee. It provides an HR support centre and a job costing calculator.
The "Basic" plan is priced: at $99/month plus an additional $5/month per employee. It provides On-demand Pay and online reporting.
Large businesses can contact the sales team to get a customized subscription plan.
Paycor Discounts and Coupons
Payroll currently offers 3 Months free for its subscription plans upon annual billing and free set-up. However, it does not provide any additional discounts or coupons.
Paycor Free Trial
Paycor does not offer a free trial for its HR and payroll management platform.
Paycor, A short how-to guide
Once you login to your Paycor platform, you'll enter the homepage section. Here, you'll see your tasks, notifications, compensation history, time off summary and documents.
The company communications tab shows the embedded notifications. Click on compensation history to view your transaction and refund history.
Click on "Time off summary" to view your timesheet and billable hours. Go to "Pay stubs" to revise payment criteria. Click on "Customize Homepage" to replace existing sections with new widgets.
Click on "Profile" to view your employment history with the company. Go to "Compensation" to change your taxes or direct deposits.