Paycor provides online payroll processing, human resource management, and timekeeping software designed to streamline workforce management for businesses. This platform reduces administrative burdens and enhances compliance by automating payroll calculations and employee record-keeping.
Funding
$161.2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Businesses face challenges in managing payroll, human resources, and compliance, often relying on disparate systems and manual processes. This can lead to inefficiencies, increased administrative burdens, and a higher risk of non-compliance with ever-changing regulations.
Solution
Paycor offers a unified Human Capital Management (HCM) platform designed to streamline workforce management and empower leaders. The platform automates routine tasks, mitigates compliance risks, and drives efficiencies across the organization. It provides a single source of truth for employee data, enabling leaders to coach, develop, and grow their teams. Paycor's HCM solution includes modules for payroll, HR, talent acquisition, talent management, workforce management, benefits administration, and compliance, all integrated to provide a seamless experience.
Target Audience
Paycor is designed for leaders and frontline managers across various industries, including healthcare, professional services, manufacturing, restaurants, education, retail, and technology, as well as HR, payroll, and IT professionals. The platform serves businesses ranging from 1 to over 1,000 employees.
Features
- **Payroll Software:** Automates payroll processing, tax filing, and compliance, with flexible pay options and real-time calculations.
- **HR Software:** Manages employee tasks, documents, and HR requests in one place, with automated workflows and self-service capabilities.
- **Talent Acquisition:** Streamlines recruiting and hiring with AI-powered sourcing, branded career sites, and applicant tracking.
- **Talent Management:** Supports employee development with performance reviews, goal tracking, learning management, and compensation planning.
- **Workforce Management:** Controls labor costs with time and attendance tracking, scheduling tools, and real-time notifications.
- **Benefits Administration:** Simplifies open enrollment and benefits management with decision-support tools and ACA reporting.
- **Compliance Solutions:** Helps businesses stay updated on labor laws and tax regulations with proactive alerts and compliance dashboards.
- **Integration Platform:** Connects Paycor with other business systems through pre-built connectors and APIs.
- **Mobile App:** Empowers employees with self-service access to pay stubs, W-2s, benefits elections, and scheduling tools.
- **Analytics:** Provides insights into workforce data with AI-powered predictive analytics, benchmarking, and compensation analysis.