Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Factorial
Score 7.1 out of 10
Small Businesses (1-50 employees)
Factorial is a business management software designed to streamline HR processes, including time and attendance tracking, talent development, payroll, and finance management.
$80
per month
Paycom
Score 8.5 out of 10
N/A
Paycom is an automated HCM platform, built on a single database that eliminates redundant data entry through automation. A payroll and HR software solution, Paycom is used by organizations of all sizes to access employee data without navigating multiple systems.N/A
Pricing
FactorialPaycom
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
FactorialPaycom
Free Trial
YesNo
Free/Freemium Version
YesNo
Premium Consulting/Integration Services
YesNo
Entry-level Setup FeeOptionalNo setup fee
Additional Details
More Pricing Information
Community Pulse
FactorialPaycom
Features
FactorialPaycom
Human Resource Management
Comparison of Human Resource Management features of Product A and Product B
Factorial
7.8
1 Ratings
4% below category average
Paycom
7.9
449 Ratings
3% below category average
Employee demographic data9.01 Ratings8.9406 Ratings
Employment history9.01 Ratings7.8390 Ratings
Job profiles and administration8.01 Ratings8.0393 Ratings
Workflow for transfers, promotions, pay raises, etc.7.01 Ratings7.5393 Ratings
Organizational charting7.01 Ratings7.3306 Ratings
Organization and location management7.01 Ratings7.7344 Ratings
Compliance data (COBRA, OSHA, etc.)00 Ratings8.3327 Ratings
Leave and Attendance Management
Comparison of Leave and Attendance Management features of Product A and Product B
Factorial
7.7
1 Ratings
6% below category average
Paycom
8.4
403 Ratings
3% above category average
Approval workflow9.01 Ratings8.6384 Ratings
Balance details7.01 Ratings8.2383 Ratings
Annual carry-forward and encashment7.01 Ratings8.4319 Ratings
Employee Self Service
Comparison of Employee Self Service features of Product A and Product B
Factorial
5.0
1 Ratings
49% below category average
Paycom
8.5
458 Ratings
4% above category average
View and generate pay and benefit information7.01 Ratings9.0449 Ratings
Update personal information5.01 Ratings8.8454 Ratings
View company policy documentation3.01 Ratings8.0402 Ratings
Employee recognition2.01 Ratings8.7219 Ratings
View job history8.01 Ratings7.9364 Ratings
Asset Management
Comparison of Asset Management features of Product A and Product B
Factorial
6.0
1 Ratings
29% below category average
Paycom
4.9
26 Ratings
49% below category average
Tracking of all physical assets6.01 Ratings4.926 Ratings
HR Reporting
Comparison of HR Reporting features of Product A and Product B
Factorial
5.3
1 Ratings
35% below category average
Paycom
7.1
396 Ratings
6% below category average
Report builder6.01 Ratings7.8389 Ratings
Pre-built reports4.01 Ratings7.7386 Ratings
Ability to combine HR data with external data6.01 Ratings5.855 Ratings
Onboarding
Comparison of Onboarding features of Product A and Product B
Factorial
3.5
1 Ratings
78% below category average
Paycom
8.1
393 Ratings
2% above category average
New hire portal4.01 Ratings8.1390 Ratings
Manager tracking tools3.01 Ratings8.0338 Ratings
Performance and Goals
Comparison of Performance and Goals features of Product A and Product B
Factorial
2.8
1 Ratings
97% below category average
Paycom
6.1
228 Ratings
27% below category average
Corporate goal setting1.01 Ratings4.236 Ratings
Individual goal setting4.01 Ratings7.7211 Ratings
Line-of sight-visibility4.01 Ratings4.835 Ratings
Performance tracking2.01 Ratings7.6223 Ratings
Performance Management
Comparison of Performance Management features of Product A and Product B
Factorial
5.8
1 Ratings
30% below category average
Paycom
7.6
285 Ratings
4% below category average
Performance plans6.01 Ratings7.7264 Ratings
Performance improvement plans5.01 Ratings7.4248 Ratings
Review status tracking7.01 Ratings7.8256 Ratings
Review reminders6.01 Ratings7.8262 Ratings
Multiple review frequency5.01 Ratings7.3234 Ratings
Recruiting / ATS
Comparison of Recruiting / ATS features of Product A and Product B
Factorial
5.7
1 Ratings
31% below category average
Paycom
7.0
284 Ratings
10% below category average
Job Requisition Management4.01 Ratings7.2253 Ratings
Company Website Posting6.01 Ratings7.0248 Ratings
Publish to Social Media6.01 Ratings6.3195 Ratings
Job Search Site Posting4.01 Ratings6.9230 Ratings
Duplicate Candidate Prevention7.01 Ratings6.8217 Ratings
Applicant Tracking5.01 Ratings7.0258 Ratings
Notifications and Alerts8.01 Ratings7.9267 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Factorial
-
Ratings
Paycom
8.3
457 Ratings
2% above category average
Pay calculation00 Ratings8.7444 Ratings
Support for external payroll vendors00 Ratings6.447 Ratings
Off-cycle/On-Demand payment00 Ratings8.713 Ratings
Benefit plan administration00 Ratings8.2385 Ratings
Direct deposit files00 Ratings9.3444 Ratings
Salary revision and increment management00 Ratings8.2369 Ratings
Reimbursement management00 Ratings8.4252 Ratings
Succession Planning
Comparison of Succession Planning features of Product A and Product B
Factorial
-
Ratings
Paycom
8.1
45 Ratings
4% above category average
Create succession plans/pools00 Ratings9.124 Ratings
Candidate ranking00 Ratings6.830 Ratings
Candidate search00 Ratings8.343 Ratings
Candidate development00 Ratings8.140 Ratings
Best Alternatives
FactorialPaycom
Small Businesses
Dayforce Powerpay
Dayforce Powerpay
Score 9.3 out of 10
Dayforce Powerpay
Dayforce Powerpay
Score 9.3 out of 10
Medium-sized Companies
Paypro Workforce Management
Paypro Workforce Management
Score 9.2 out of 10
Paypro Workforce Management
Paypro Workforce Management
Score 9.2 out of 10
Enterprises
PeopleStrong
PeopleStrong
Score 10.0 out of 10
PeopleStrong
PeopleStrong
Score 10.0 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
FactorialPaycom
Likelihood to Recommend
6.0
(1 ratings)
8.7
(563 ratings)
Likelihood to Renew
-
(0 ratings)
7.3
(24 ratings)
Usability
-
(0 ratings)
9.0
(86 ratings)
Availability
-
(0 ratings)
9.1
(2 ratings)
Performance
-
(0 ratings)
9.1
(2 ratings)
Support Rating
-
(0 ratings)
9.1
(52 ratings)
In-Person Training
-
(0 ratings)
6.4
(1 ratings)
Online Training
-
(0 ratings)
4.2
(3 ratings)
Implementation Rating
-
(0 ratings)
8.2
(7 ratings)
Configurability
-
(0 ratings)
9.1
(2 ratings)
Ease of integration
-
(0 ratings)
5.5
(1 ratings)
Product Scalability
-
(0 ratings)
9.1
(2 ratings)
Vendor post-sale
-
(0 ratings)
9.0
(4 ratings)
Vendor pre-sale
-
(0 ratings)
9.0
(4 ratings)
User Testimonials
FactorialPaycom
Likelihood to Recommend
Factorial
I am not fully convinced about factorial HR yet. We are about to transition to a new tool after using Recruitee for a long time. The bar was high when it came to recruitment ATS. and Factorial HR is multifaceted but not as well structured or functional. Support in other languages should also be improved, as those are the most common reviews I have seen online.
Read full review
Paycom
well suited for smaller businesses. most of our functions are housed in the payroll system, so that makes things easier. Not sure how sophisticated the labor allocation and job costing system would work with a large organization. We have to closely monitor tax profiles and multi-state things. Hard to follow and understand at times.
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Pros
Factorial
  • Recruitment ATS.
  • Keeping documents and employee records.
  • Talent performance management.
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Paycom
  • Before Paycom we were using Paylocity and in about six months of running payroll with Paylocity, we never once had 100% accuracy from a payroll standpoint. So we had disgruntled employees because either their time was off or their pay was off. With Paycom, we've never had a case where our payroll was not 100% accurate.
Read full review
Cons
Factorial
  • i think the main area is time off requests.
  • also, customer service is not as responsive.
  • interface could be more user friendly.
Read full review
Paycom
  • I think that when we do need a response back, which is very unlikely from the contact about something that's happening or going on, it can take a little long to get back to us. Longer than we would like because obviously it's an emergency to us, but we understand they have tons of emergencies they have to solve. But I think that's the only aspect.
  • I know from a payroll standpoint, which I'm not really privy to because I don't work on the payroll side, there have been some little hiccups that about certain formulas used, certain credits being issued that we've already filed for tax credits that we filed for. So I know that my CFO's already on top of it and pay comes on top of it as well and it's getting resolved, but obviously that's a big issue that needs some work there.
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Likelihood to Renew
Factorial
No answers on this topic
Paycom
Because it has everything that we need and as we grow, we are learning how robust Paycom can actually be but we need to be willing to spend the money. It's not expensive but we, as a company, are not used to spending that much on a system for HR and payroll.
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Usability
Factorial
No answers on this topic
Paycom
The interface is very intuitive, you can navigate it pretty well. Everything's pretty much spelled out and the features just flow really well. They make it easy for you to go back and forth with the UX/UI type of interface. So I think it was built pretty well.
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Reliability and Availability
Factorial
No answers on this topic
Paycom
They are very dependable and I have never experience any outages
Read full review
Performance
Factorial
No answers on this topic
Paycom
Yes, Paycom's performance is excellent, no issues.
Read full review
Support Rating
Factorial
No answers on this topic
Paycom
Our TSR has been wonderful to work with. Every step of the
way he was quick to respond and answer any questions we had. I knew I could
reach him at any time (day or night) and he would be available to assist.
Implementing a new HRIS system is obviously a huge task and I contribute all
our success to our rep Kurt! Of course, with any implementation, there were
bumps along the way and issues. But I always knew we would work as a team to
get those issues figured out. Working in the Paycom system has been smooth and
easy to learn and I enjoy the employee self-service interface. Our managers
have had positive things to say and are all excited about the changes we have
been able to make to our organization due to Paycom being implemented.
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In-Person Training
Factorial
No answers on this topic
Paycom
They were a sales person and not really a good trainer.
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Online Training
Factorial
No answers on this topic
Paycom
All the online training modules were short and straight to the point. Every module teach you how to use the system. If there is one thing they know how to do is training. We did implementation during the pandemic so all had to be done online or via zoom meetings.
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Implementation Rating
Factorial
No answers on this topic
Paycom
Not at all satisfied it was a nightmare we spent over 8 months with the implementation team having issues after issues all related to the Puerto Rico regulations (half my employees are in Puerto Rico) and at the end we were moved over from the implementation team to the production team without all the issues being resolved
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Alternatives Considered
Factorial
I does not stack up very well. It's best feature is that it is a 360 HR platform, but it needs to evolve and improve. Recruitee and Teamtailor seem way better options, in my opinion, for the Applicant tracking system. Time off tends to get confusing at times, and employees prefer tools like bamboo or Roots, which integrate well with other tools.
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Paycom
We really only had Paychecks and that was our biggest problem is that with several different companies, it was very hard If you had a salary employee and didn't terminate them in the prior company, they get paid twice, so this has really been definitely a big help for us.
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Scalability
Factorial
No answers on this topic
Paycom
They are not able to meet our current needs
Read full review
Return on Investment
Factorial
  • It has not had any impact. we are testing the tool for a while now, but we do not think it will make it to the end of the process.
  • It seems good for ATS but all other functionalities seemed to have been left behind.
  • I like that it allows managing posts and other things like internal social media and communities.
Read full review
Paycom
  • I would think the most time would come from applicant tracking and I don't think that's a Paycom issue necessarily. I think it was a training issue during implementation. I would say that that has improved now that we had onsite training. But initially the applicant tracking piece can be difficult when you're used to just using an ATS. That's specifically for talent acquisition because there's a lot of nuances that goes into the system that Paycom bills.
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ScreenShots

Factorial Screenshots

Screenshot of Screenshot of Screenshot of Screenshot of Screenshot of

Paycom Screenshots

Screenshot of a new study that reveals that for a composite organization representative of interviewed clients, unifying HR and payroll in a single-database software with automation and streamlined workflows achieved a three-year 362% ROI and resulted in: $1.4M net present value*; over 45% total time saved by HR; 80% time saved on compliance work.Screenshot of IWant, which is a command-driven AI engine in a single database, for instant access to employee data.Screenshot of Direct Data Exchange®, which takes a detailed pulse of how employees interact with Paycom. It automatically assigns a dollar value of savings based on Ernst & Young research.