Paycor Expert Review, Pricing, Alternatives - 2021

Listed in our research about the Best HCM Software

Author Phil Strazzulla, HR Tech Expert, Harvard MBA, Finance and Software Nerd
Phil Strazzulla: HR Tech Expert, Harvard MBA, Finance and Software Nerd
October 18, 2021
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Paycor is a robust and data-centric HCM for leaders at US-based companies that want their teams to save time with HR transactional tasks.

What's Inside

Paycor Review

Aside from having payroll, employee experience, recruiting, benefits, and performance management, Paycor stands out from most HCM vendors for having some of the most potent HR analytics out there. They provide a custom company dashboard that leaders can build out as they please, choosing from literally hundreds of reports such as headcount trends by employment time, projected headcount, and voluntary turnover by tenure, just to mention a few.  

Further, some of their reports use secondary pools of data in order to provide benchmark analysis in real time. This effectively helps executives and HR leaders alike better understand their workforce and how their efforts stack up in comparison to similar companies.

Paycor Customers

Among the companies that use Paycor, you’ll find names such as Wendy’s, McDonald’s, Detroit Zoo, and, remarkably, several sports teams such as the Cincinnati Reds and the Chicago Fire.

Paycor Stats

  • Paycor is used by over 40,000 businesses
  • Raised $270M in private equity during 2020
  • Went public in July 2021, raising $426M in their IPO
  • 2080+ employees
  • Founded in 1990

Paycor Resources

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Buying HR Software? Here's some quick advice

Key Paycor Features

  • Actionable insights: Paycor not only provides analytics, but also recommendations on which conclusions can be derived from similar data, helping you make decisions that optimize the business process.
  • Transform data: Apart from providing so many reports in a graphic manner, Paycor also lets you tweak them to your needs. You can adjust for parameters such as date range, filters, or compare between different points in time.
  • Automated workflows: Everyday requests, tasks, and updates can be set on autopilot with workflows, reminders, and notifications. Plus, it’s all in one system so you can refer back to a single source of truth. 

Paycor’s core HCM offering also has capabilities for: 

  • Onboarding
  • Payroll
  • ACA
  • Employee self-service
  • Employee database
  • Mobile app (iOS & Android)

Paycor Implementation

A new customer implementing Paycor would typically go through their Guide Elite process, which entails a higher level of interaction and hand-holding than you would expect from their competitors. 

Their philosophy is to let the client decide when the implementation is finished and things can be handed to the service team. While times vary depending on company size and bundles purchased, the average tends to be between 8 and 12 weeks.

Paycor Customer Success

Both during and after implementation, Paycor has a good variety of resources put in place for clients. These include perks like a portfolio manager, a change management toolkit, ongoing support, post go-live training, and a team of subject matter experts.

Paycor Key Integrations

Paycor integrates with many 401(k) providers and other benefits carriers. Since payroll is a core part of their offering, they want deductions to happen without any manual effort whatsoever. 

For other sorts of integrations, they have an API and extensive documentation. In case you need their help with something custom, their professional services organization can help with that at an additional charge.

What to be aware of

Paycor acquired 7Geese, a performance management software vendor, in the fall of 2020. This allows them to offer a best-in-class performance management solution for companies that want to integrate OKRs, 1:1s and other employee experience best practices.

Paycor Pricing

Fees will vary depending on your number of employees and the modules you add.

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» Save Money: Check out our resource on how to save money when buying HR tools

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