Pricing, Options, Execs and Cons


Paycor’s quick information

Pricing: Contact for pricing

Key options:

  • Federal and state tax submitting.
  • Automated payroll processing.
  • Customized reporting.
  • Time and attendance instruments.
  • Expense administration.
  • HCM instruments for extra superior plans.

Paycor is a well-liked cloud-based payroll software program utilized by greater than 2 million individuals throughout 40,000 totally different companies. Paycor is understood for its payroll platform, however the software program provides human capital administration (HCM) instruments as properly.

Let’s dive into Paycor’s pricing plans, options, execs and cons that will help you decide if this is the right payroll software for your small business.

Paycor pricing

Paycor doesn’t disclose pricing on its web site, so you should contact the gross sales staff for a quote. It does listing out 4 totally different tiers of plans for companies below 50 staff and what options are included in every one, and we’ll get into these particulars under. TechRepublic’s different picks for the best payroll software are break up on whether or not or not they disclose pricing, so this isn’t utterly uncommon, however I favor that payroll software program be upfront about their pricing.

A 14-day free trial is supposedly out there so you possibly can attempt before you purchase, however it’s very tough to seek out. Nevertheless, I used to be in a position to join entry for a demo account with dummy knowledge utilizing solely my e-mail, and I appreciated that it didn’t require a bank card to take action.

Paycor Primary Plan

The Primary plan consists of basic payroll options similar to wage garnishments, off-cycle payruns, on-line test stubs and on-line reporting.

Paycor Important Plan

Along with all of the options supplied on the Primary plan, the Important plan additionally features a month-end accounting package deal, a basic ledger report, a time without work supervisor, onboarding instruments and extra.

Paycor Core Plan

Along with all of the options supplied on the Primary and Important plans, the Core plan consists of expense administration, worker surveys and management instruments.

Paycor Full Plan

Along with all of the options supplied on the Primary, Important and Core plans, the Full plan consists of profession administration, compensation planning and expertise growth performance.

Paycor add-ons

Paycor additionally provides further add-ons that aren’t included in any of their primary payroll plans. These add-on options are:

  • Employees’ compensation insurance coverage.
  • Time and scheduling.
  • Advantages administration.
  • Recruiting and hiring instruments.

Paycor key options

Payroll and tax options

Paycor’s payroll module does supply limitless payroll runs, so it gained’t cost you further for off-cycle funds or different further runs, which is useful if you might want to make funds incessantly. It additionally provides a useful payroll feature known as AutoRun that may run payroll routinely at one other date and time. All adjustments are made in real-time, so that you don’t have to attend for them to load. Extra payroll options embody direct deposit, federal and state tax submitting, worker self-service and test stuffing (the latter of which prices a further function).

A weekly payroll run in Paycor.
A weekly payroll run in Paycor. Picture: Paycor

Time administration options

Paycor does supply instruments for time and scheduling, however you’ll must pay an undisclosed quantity so as to add them on, even for those who go for the most costly plan. Since numerous payroll platforms embody time and scheduling instruments on their increased tier plans, I wasn’t thrilled to see that Paycor expenses further for it, it doesn’t matter what. Paycor provides a variety of timeclock choices in addition to time guidelines so your group can customise the way it calculates time balances. Paycor additionally provides a scheduling function that means that you can assign shifts and examine your entire staff’s schedule at a look. All of this time knowledge flows over to the payroll module, eliminating handbook calculations that may result in payroll mistakes.

The scheduling calendar in Paycor.
The scheduling calendar in Paycor. Picture: Paycor

HR instruments

Paycor provides a number of instruments to help the human assets division. The Management Insights module gives insights to assist managers enhance their effectiveness. Paycor additionally creates an worker profile for every particular person, which centralizes all their info in a single place. The software program additionally provides a digital doc creation and storage module, which might help your small business go paperless for those who haven’t already. The software program additionally provides some automation instruments to get rid of handbook workflows, reminders and notifications.

A list of employee profiles in Paycor.
An inventory of worker profiles in Paycor. Picture: Paycor

Reporting and analytics

Paycor provides primary analytics on the Important and Core plans — you’ll must improve to the Full plan if you’d like entry to the total suite of analytics options. You’ll be able to import your HR knowledge to 30+ commonplace reporting templates or create your individual customized report. In case you simply want a fast reply, attempt submitting your workforce knowledge inquiries to Paycor’s AI assistant, which ought to return a right away reply in pure language. These analytics and reporting options assist your staff consider pay practices, benchmark in opposition to opponents and make strategic enterprise selections primarily based on knowledge.

The Paycor analytics dashboard.
The Paycor analytics dashboard. Picture: Paycor

Paycor execs

  • Limitless payroll runs included on all plans.
  • Choice to automate payroll with AutoRun function.
  • Customized reporting along with 30+ templates.
  • Self-service worker portal.

Paycor cons

  • Pricing shouldn’t be clear.
  • Expenses further for a lot of key add-ons like time monitoring.
  • Extra charges for sure payroll actions, like test stuffing.
  • Lacks a number of key integrations, similar to QuickBooks.

Paycor options

Paycor
Rippling
Gusto
OnPay
Beginning value
Customized pricing
Customized pricing
$40 monthly + $6 per worker monthly
$40 monthly + $6 per worker monthly
Limitless payroll runs
Sure
Sure
Sure
Sure
Computerized payroll
Sure
Sure
Sure
No
Time monitoring
Add-on solely
Sure
Plus and Premium plans
No
Advantages administration
Add-on solely
Sure
Sure
Sure

Rippling icon.
Picture: Rippling

Rippling

In case you’re on the lookout for a payroll platform with much more HR options than Paycor, check out Rippling. Rippling provides worldwide in addition to home U.S. payroll and medical health insurance advantages in all 50 states. Rippling additionally provides finance and IT administration instruments that Paycor doesn’t, so that you could possibly centralize much more capabilities in a single software program. Sadly, Rippling doesn’t disclose its pricing info, so that you’ll must contact their gross sales staff for a quote.

For extra info, learn the full Rippling review.

Gusto icon.
Picture: Gusto

Gusto

In case you’re on the lookout for a payroll app with clear pricing and primary HR options, try Gusto, which begins at simply $40 monthly, plus $6 per worker monthly for its entry-level plan. Nevertheless, you’ll need to improve to the Plus or Premium plans if you’d like entry to all of the HR options, like native time monitoring, PTO administration and efficiency opinions. Gusto does combine with QuickBooks on-line, whereas Paycor doesn’t.

For extra info, learn the full Gusto review.

OnPay icon.
Picture: OnPay

OnPay

In case you simply want a payroll platform with out further HR options, then think about OnPay. OnPay solely provides one easy pricing plan, which prices $40 monthly, plus $6 per worker monthly. With this plan, you’ll get limitless pay runs and automatic tax funds and filings. It additionally consists of restricted HR instruments similar to PTO administration and built-in 401(ok) retirement plans. OnPay lacks some options supplied by Paycor and different options, however it’s going to greater than suffice for a lot of small companies.

For extra info, learn the full OnPay review.

Overview Methodology

To write down this evaluate, I took a guided on-line tour of Paycor and likewise considered demo movies of assorted options. I additionally reviewed respected rankings, buyer scores, and testimonials and different knowledgeable opinions from credible sources.



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