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Small business payroll software is not all built alike. Not every business needs all the bells and whistles of payroll software solutions, but some companies might need a more comprehensive suite of tools. Paycor is not just a standalone small business payroll software solution -- it's more of a comprehensive platform for HR, human capital management (HCM), and employee benefits. Let's see how Paycor stacks up in the world of small business payroll software.
Pricing Plans: Pricing ranges from $99 plus $6 per person per month (Basic) to $229 plus $16 per person per month (Complete). Exact pricing will vary based on size and complexity of your business, and features of your Paycor plan.
Paycor's payroll software and HCM solutions can serve a wide range of companies, from under 50 employees to 1,000 or more employees. Some of the types of organizations and industries that use Paycor payroll software include tech companies, retail businesses, restaurants, manufacturing companies, educational institutions, and nonprofits.
Compared to some other payroll software companies, Paycor is not simple or "one size fits all." Its solutions are more expansive than just payroll; it provides complex, sophisticated, customized HR tools and human capital management (HCM) offerings to help your business hire faster, manage talent more effectively, and run better.
If you own a fast-growing business that is hiring lots of people and you want advanced features, Paycor could be exactly what you need. But if all you want is an off-the-shelf, low-cost payroll software solution, Paycor might be more than you need.
Paycor is a full-service payroll software that is built into a larger suite of HR tools to help with hiring, onboarding, and managing talent. There's a wide range of functions and capabilities that you can take on with Paycor, beyond just paying your workers.
Let's look at a few highlights of the Paycor experience -- for payroll processing and more.
Paycor is more than "just" payroll, but that doesn't mean its payroll software is an afterthought. This is a powerful payroll processing solution that can tackle everything your small business might need to make sure people get paid on time with accurate tax withholdings.
The Paycor payroll experience includes:
Paycor offers a wide range of tax compliance features, beyond just filing tax forms like W-2s and 1099s. You get a full tax compliance dashboard with proactive alerts and tax recommendations, such as how to set up a new employee for tax purposes based on where the employee lives, or how to comply with state-specific laws.
Good payroll software should help your company (and your workers) get tax withholdings and other payday deductions handled automatically. Paycor does all this, and more! With Paycor, you can set up automatic deductions for taxes (federal, state, and local), workers' compensation insurance, and special wage garnishments that your workers might owe, such as child support or certain other types of debt repayments.
Paycor makes it easy to run a wide range of payroll reports, whether it's for tax documents like W2s, or other quarterly and annual tax forms like 940s, 941s and 944s. The Paycor payroll software also enables your team to run special reports like Payrun Audit, Cash Requirement, Unpaid Employees.
Paycor can work with you to customize your payroll services, so you can do less of the work yourself -- or add optional plans for extra help and bigger value. Here are a few ways to customize your payroll with Paycor:
One big strength of Paycor is that it offers hundreds -- over 200 -- third-party apps and integrations from various technology partners. Paycor even has its own app "Marketplace," where you can find a wide range of apps for all kinds of business functions, from accounting to benefits to retirement plan solutions.
Whatever you want to accomplish with your human capital management (HCM), whatever you want your business to be better at, Paycor can likely help connect you with the right partner.
Pricing varies based on number of employees. For the purposes of this article, we looked at pricing for businesses with below 50 employees. For smaller businesses of this size, Paycor offers four payroll software packages with the following base pricing.
This Paycor payroll plan includes the fundamental features that you'll need to process payroll, such as payroll and tax services, off-cycle payruns, online check stubs, online reporting, OnDemand Pay, and support for additional state and local tax authorities.
Paycor's Essential plan gives you all the standard payroll features as the Basic plan, plus more advanced reporting, human resources, and benefits tools. For example, Paycor Essential includes Report Builder and other tools for 401(k) EDI processing and integration, Time Off Manager, and more. With the Essential plan, your company also gets some extra help with recruiting and onboarding talent -- this tier lets you use Paycor Recruit & Hire for three jobs per month, and gives you access to the HR Support Center.
The Paycor Core plan is an even higher level of value for companies that have more complex HR and recruiting needs. You get everything with this plan that you'd get with Essential and Basic, plus HR Support Center On-Demand, Paycor HR, Paycor Engage, and Paycor Recruit & Hire for five jobs per month.
Paycor Complete is designed for fast-growing businesses that need to hire a lot of people. With this tier, you get all the same features as in Core, but with unlimited jobs for Paycor Recruit & Hire, and more advanced Paycor Analytics. You also get advanced HCM tools like Paycor Compensation Planning, Talent Development, and Career Management.
Note: Your company's exact pricing can depend on a few factors. Talk with the Paycor Sales team to get a customized price quote to fit your needs.
Paycor's initial implementation is handled by Paycor support personnel, who configure and enter all employee information, testing the software thoroughly prior to it going live.
Once live, you can access all Paycor features from the customizable Command Center, which is equipped with intuitive navigation and the ability to remove any features or functions that are not being used.
You'll also have the option to add other features at a later date.
To expedite payroll processing, Paycor uses a pay grid that shows all current employees, with salaried, hourly, and contract employees listed on the grid. If using Paycor's timekeeping feature, you can easily approve employee time cards in the system, with the approved hours automatically populating in the pay grid.
This eliminates the need to import hours from the timekeeping application. Employee pay information can be changed at any time prior to running payroll, with the new information available immediately. Once payroll entry is completed, you can view the summary page and make any last-minute changes prior to completing the pay run.
Mentioned earlier, Paycor handles all initial product setup, and new users are trained in the application prior to it going live. Paycor also offers a variety of resources, including access to a robust help system from within the application.
There are also pages of resources for Paycor users, though most of the white papers and guides are centered around HCM topics like applicant tracking and HR management. Paycor users can request support online or by calling the software's toll-free number.
There is also an option to contact one of the many Paycor sites that are located throughout the U.S.
If you have employees, you need an easy, efficient way to pay them. Paycor offers that and a whole lot more, including complete HR and employee compliance solutions, solid reporting and analytics, and a good selection of add-on modules designed to enhance and expand upon the core application.
Paycor can be a particularly good option for those that use their mobile phones to run their business, since payroll can be processed from your mobile device. Paycor can also be particularly beneficial to businesses that desire access to HR resources.
While payroll is arguably the most important employee management component, small businesses can often find themselves struggling to remain in compliance with numerous HR rules and regulations.
That's where Paycor shines; the platform offers a number of HCM features, such as applicant recruiting and tracking, candidate search options, and workforce insights features.
It also comes with access to an HR support center, as well as guidance from an HR pro, should it be necessary. All this adds up to a complete HCM solution that can prove invaluable, particularly to growing businesses.
Online access | Direct deposit | Prepares federal tax forms | Employee access to payroll documents | |
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Paycor | ||||
Gusto | ||||
QuickBooks Payroll | ||||
OnPay | ||||
Payroll Mate |
Yes. Paycor offers a Small Business bundle for small businesses with 1-39 employees, as well as a mid-market option for those with 40+ employees.
Yes. Paycor's mobile app is compatible with both iOS and Android smartphones and tablets and allows employees to access a number of Paycor's features.
There is an onboarding option available in the Paycor's Complete plan for small businesses.
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