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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    Paycom

    Score8.6 out of 10
    N/APaycom 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

    Payroll by Wave

    Score10 out of 10
    N/AWave Accounting headquartered in Toronto now offers Payroll by Wave, a payroll app for small businesses.N/A
    Pricing
    PaycomPayroll by Wave
    Editions & Modules
    No answers on this topic
    No answers on this topic
    Offerings
    Pricing Offerings
    PaycomPayroll by Wave
    Free Trial
    NoNo
    Free/Freemium Version
    NoNo
    Premium Consulting/Integration Services
    NoNo
    Entry-level Setup FeeNo setup feeNo setup fee
    Additional Details
    More Pricing Information
    Community Pulse
    PaycomPayroll by Wave
    Considered Both Products
    Paycom
    No answer on this topic
    Wave
    No answer on this topic
    Key User Insights
    Would buy again
    94%
    Would buy again
    592 Answers
    100%
    Would buy again
    5 Answers
    Delivers good value for the price
    96%
    Delivers good value for the price
    531 Answers
    100%
    Delivers good value for the price
    5 Answers
    Happy with the feature set
    96%
    Happy with the feature set
    602 Answers
    100%
    Happy with the feature set
    5 Answers
    Lived up to sales and marketing promises
    88%
    Lived up to sales and marketing promises
    415 Answers
    No answers on this topic
    Implementation went as expected
    82%
    Implementation went as expected
    375 Answers
    No answers on this topic
    Features
    PaycomPayroll by Wave
    Human Resource Management
    Comparison of Human Resource Management features of Paycom and Payroll by Wave
    Feature
    Paycom
    8.1
    564 Ratings
    1% below category average
    Payroll by Wave
    -
    Ratings
    Employee demographic data8.9518 Ratings00 Ratings
    Employment history8.1498 Ratings00 Ratings
    Job profiles and administration8.1497 Ratings00 Ratings
    Workflow for transfers, promotions, pay raises, etc.8.1499 Ratings00 Ratings
    Organizational charting7.6403 Ratings00 Ratings
    Organization and location management8.0442 Ratings00 Ratings
    Compliance data (COBRA, OSHA, etc.)8.1413 Ratings00 Ratings
    Payroll Management
    Comparison of Payroll Management features of Paycom and Payroll by Wave
    Feature
    Paycom
    8.3
    564 Ratings
    1% above category average
    Payroll by Wave
    9.4
    5 Ratings
    13% above category average
    Pay calculation8.8548 Ratings10.05 Ratings
    Support for external payroll vendors6.447 Ratings9.03 Ratings
    Off-cycle/On-Demand payment8.597 Ratings9.03 Ratings
    Benefit plan administration8.4482 Ratings9.01 Ratings
    Direct deposit files9.1545 Ratings9.05 Ratings
    Salary revision and increment management8.4455 Ratings9.55 Ratings
    Reimbursement management8.3317 Ratings10.02 Ratings
    Leave and Attendance Management
    Comparison of Leave and Attendance Management features of Paycom and Payroll by Wave
    Feature
    Paycom
    8.5
    495 Ratings
    3% above category average
    Payroll by Wave
    -
    Ratings
    Approval workflow8.5469 Ratings00 Ratings
    Balance details8.4470 Ratings00 Ratings
    Annual carry-forward and encashment8.5395 Ratings00 Ratings
    Employee Self Service
    Comparison of Employee Self Service features of Paycom and Payroll by Wave
    Feature
    Paycom
    8.7
    566 Ratings
    5% above category average
    Payroll by Wave
    -
    Ratings
    View and generate pay and benefit information9.0556 Ratings00 Ratings
    Update personal information9.2562 Ratings00 Ratings
    View company policy documentation8.8501 Ratings00 Ratings
    Employee recognition8.0276 Ratings00 Ratings
    View job history8.6463 Ratings00 Ratings
    Asset Management
    Comparison of Asset Management features of Paycom and Payroll by Wave
    Feature
    Paycom
    4.9
    26 Ratings
    49% below category average
    Payroll by Wave
    -
    Ratings
    Tracking of all physical assets4.926 Ratings00 Ratings
    HR Reporting
    Comparison of HR Reporting features of Paycom and Payroll by Wave
    Feature
    Paycom
    7.2
    501 Ratings
    5% below category average
    Payroll by Wave
    -
    Ratings
    Report builder7.9494 Ratings00 Ratings
    Pre-built reports7.9488 Ratings00 Ratings
    Ability to combine HR data with external data5.855 Ratings00 Ratings
    Onboarding
    Comparison of Onboarding features of Paycom and Payroll by Wave
    Feature
    Paycom
    8.4
    494 Ratings
    4% above category average
    Payroll by Wave
    -
    Ratings
    New hire portal8.5488 Ratings00 Ratings
    Manager tracking tools8.3425 Ratings00 Ratings
    Performance and Goals
    Comparison of Performance and Goals features of Paycom and Payroll by Wave
    Feature
    Paycom
    6.3
    294 Ratings
    25% below category average
    Payroll by Wave
    -
    Ratings
    Corporate goal setting4.236 Ratings00 Ratings
    Individual goal setting8.0271 Ratings00 Ratings
    Line-of sight-visibility4.835 Ratings00 Ratings
    Performance tracking8.0289 Ratings00 Ratings
    Performance Management
    Comparison of Performance Management features of Paycom and Payroll by Wave
    Feature
    Paycom
    7.9
    372 Ratings
    1% below category average
    Payroll by Wave
    -
    Ratings
    Performance plans7.8343 Ratings00 Ratings
    Performance improvement plans7.8326 Ratings00 Ratings
    Review status tracking7.9331 Ratings00 Ratings
    Review reminders8.0339 Ratings00 Ratings
    Multiple review frequency7.8303 Ratings00 Ratings
    Succession Planning
    Comparison of Succession Planning features of Paycom and Payroll by Wave
    Feature
    Paycom
    7.9
    95 Ratings
    0% above category average
    Payroll by Wave
    -
    Ratings
    Create succession plans/pools7.955 Ratings00 Ratings
    Candidate ranking7.873 Ratings00 Ratings
    Candidate search7.990 Ratings00 Ratings
    Candidate development7.974 Ratings00 Ratings
    Recruiting / ATS
    Comparison of Recruiting / ATS features of Paycom and Payroll by Wave
    Feature
    Paycom
    7.6
    370 Ratings
    4% below category average
    Payroll by Wave
    -
    Ratings
    Job Requisition Management7.8333 Ratings00 Ratings
    Company Website Posting8.0328 Ratings00 Ratings
    Publish to Social Media7.4259 Ratings00 Ratings
    Job Search Site Posting7.8303 Ratings00 Ratings
    Duplicate Candidate Prevention6.9282 Ratings00 Ratings
    Applicant Tracking7.7340 Ratings00 Ratings
    Notifications and Alerts7.9351 Ratings00 Ratings
    Best Alternatives
    PaycomPayroll by Wave
    Small Businesses
    UZIO
    Score9.4 out of 10
    Patriot Payroll
    Score8.6 out of 10
    Medium-sized Companies
    Zoho People
    Score8.6 out of 10
    APS
    Score5.7 out of 10
    Enterprises
    PeopleStrong
    Score10 out of 10
    ADP Streamline Payroll
    Score6.1 out of 10
    All AlternativesView all alternativesView all alternatives
    User Ratings
    PaycomPayroll by Wave
    Likelihood to Recommend
    8.7
    (736 ratings)
    10.0
    (6 ratings)
    Likelihood to Renew
    9.1
    (31 ratings)
    10.0
    (1 ratings)
    Usability
    9.0
    (124 ratings)
    10.0
    (1 ratings)
    Availability
    9.5
    (4 ratings)
    -
    (0 ratings)
    Performance
    9.0
    (4 ratings)
    -
    (0 ratings)
    Support Rating
    8.9
    (59 ratings)
    8.9
    (2 ratings)
    In-Person Training
    10.0
    (2 ratings)
    -
    (0 ratings)
    Online Training
    7.9
    (5 ratings)
    -
    (0 ratings)
    Implementation Rating
    6.5
    (9 ratings)
    -
    (0 ratings)
    Configurability
    8.0
    (4 ratings)
    -
    (0 ratings)
    Ease of integration
    8.5
    (3 ratings)
    -
    (0 ratings)
    Product Scalability
    7.5
    (4 ratings)
    -
    (0 ratings)
    Vendor post-sale
    9.0
    (6 ratings)
    -
    (0 ratings)
    Vendor pre-sale
    9.0
    (6 ratings)
    -
    (0 ratings)
    User Testimonials
    PaycomPayroll by Wave
    Likelihood to Recommend
    Paycom
    My company is currently at around 2,000 employees and meets all expectations. I have worked at companies of up to 7,000 employees that also used Paycom and that met all expectations as well. I do not know that Paycom would be worth it from a pricing perspective for a smaller company, maybe 30 employees or less. I also believe Paycom has an opportunity to better partner with clients in mergers and acquisitions.
    Incentivized
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    Wave
    Great for small business payroll needs. Reports and taxes are taken care of, everything is automated and once you're set up it's literally just a matter of minutes to run payroll each time. You also get email reminders which is helpful. There are premium features available for companies with larger/more robust needs, and I would definitely recommend looking into this software if you are searching for a user friendly payroll solution
    Incentivized
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    Pros
    Paycom
    • I like the employee self-service feature. It's very straightforward and easy to use. I also like my representative, Mikey. He's been very helpful—every time I call him, I get the assistance I need. I also appreciate how quickly I can get someone on the phone and get help when needed.
    Incentivized
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    Wave
    • An intuitive, clear UI helps you know where everything is, what options are at your disposal. Calendars and timelines show that Wave really thought out how to provide you with useful tool.
    • Pay day can be automated and straightforward.
    • Wave onboarding provides guidance at what information to input next until you are all set up.
    Incentivized
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    Cons
    Paycom
    • I am not a fan of the most recent update. I wasn't prepared for the change especially given it came right before payroll was processed. I'm told given time, I will get used to it and I'm always open to change for the better.
    • IWant™ feature isn't what I hoped it would be. I haven't used it much given the information I need in Paycom I can find quickly on my own. I have heard however that several employees utilize and appreciate the IWant™ feature.
    Incentivized
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    Wave
    • Implement an employee time clock option through a separate link which automatically applies to the weekly time sheets.
    • Option to further customize payroll statements
    • Add a per employee payroll dashboard with the option to review rolling, quarterly, and weekly snapshot. Info to include gross pay, employer paid tax, employee paid tax, etc...
    Incentivized
    Read full review
    Likelihood to Renew
    Paycom
    we are having no problems with how the system works and our support system at paycom is the best - we are learning more and using the system in more ways all the time the only thing that could be better is pricing on some things
    Incentivized
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    Wave
    No answers on this topic
    Usability
    Paycom
    I'm probably going to have to go seven and three-quarter to eight, and that may be user error to me because I know Paycom has got it figured out, but there's times I just can't figure it out, even with some of the tutorials, the university, the show-mes, and calling Alex, our representative. He can hold my hand and walk me through that process, and it just may be I didn't get it, but that's why I gave that score. I'd give it a solid nine.
    Incentivized
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    Wave
    Very simple & straightforward system to learn and when time is always of the essence the efficiency is much appreciated
    Incentivized
    Read full review
    Reliability and Availability
    Paycom
    They are very dependable and I have never experience any outages
    Incentivized
    Read full review
    Wave
    No answers on this topic
    Performance
    Paycom
    Yes load quickly
    Incentivized
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    Wave
    No answers on this topic
    Support Rating
    Paycom
    In 6 years, we've never had a bad experience with client support. We implemented during COVID, and I was the only person in HR at the time. I was also having to homeschool our children, which meant bizarre work hours and limited time to focus on platform build at times. There were nights that I was literally on calls at 11 pm and the implementation team was unbelievably supportive. Recently, a Position Seat specialist came on site to help us set up for our 5 client codes - the experience was transformative for how we use the platform and an absolute game changer. I trust Paycom because I trust our representatives. They truly are strategic partners for us, and work to ensure we're maximizing the platform and that our needs are being met
    Incentivized
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    Wave
    Quick response times, personalized service. They offer in-depth videos and guides for helping to get set up. Any time I have a question about taxes or reporting, they answer quickly and give comprehensive answers. Members of the team with whom I've interacted have been courteous, friendly, and helpful. Overall, great support.
    Incentivized
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    In-Person Training
    Paycom
    Tadd and Ellie have been great! They have show us many aspects that implementation did not. They are very personable and action oriented as well. Anytime we need them they offer to swing in.
    Incentivized
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    Wave
    No answers on this topic
    Online Training
    Paycom
    It was good, but hard to know what questions you need to ask until you actually get in there and start working with a live product. But Paycom is also very helpful every time I call and can't figure something out. Nathan has been very friendly and helpful no matter what I call him about. He is always eager to help out.
    Incentivized
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    Wave
    No answers on this topic
    Implementation Rating
    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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    Wave
    No answers on this topic
    Alternatives Considered
    Paycom
    I have not currently used any other products. I'm still kind of new to the HR industry. The only other thing that I really have to compare it to is Vonmar's system, which they created themselves, and it was not user-friendly.
    Incentivized
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    Wave
    First is the cost. Since QuickBooks removed the inhouse solution and moved everything to the cloud, the cost for a small business is prohibited. Wave is reasonable in cost. Support for QB isn't great they are always trying to upsell and commit. Wave support in comparison is 100% better, and most of the answers are in their manual
    Incentivized
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    Scalability
    Paycom
    They are not able to meet our current needs
    Incentivized
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    Wave
    No answers on this topic
    Return on Investment
    Paycom
    • It's helped us save time. We've been able to automate a number of payroll and accounting functions. It's also enabled our employees to use the ask gear feature. So it's really saved time, and also we've not gotten hacked, which is always a plus.
    Incentivized
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    Wave
    • Peace of mind that all the payroll tax-related stuff is taken care of accurately and on time.
    • Easy to use interface saves time and helps ensure I am paid on time.
    Incentivized
    Read full review
    ScreenShots

    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 Full-Solution Automation and Auto-Decisioning Powered By a Single DatabaseScreenshot of Employee Self-Service