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Paycom

Paycom

Overview

What is Paycom?

Paycom is a core HR management software solution. It includes features such as talent acquisition and management, time tracking, and payroll management. It offers some automation capacities, particularly regarding payroll.

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Awards

Products that are considered exceptional by their customers based on a variety of criteria win TrustRadius awards. Learn more about the types of TrustRadius awards to make the best purchase decision. More about TrustRadius Awards

Video Reviews

4 videos

Product Review: Paycom Quickly & Effortlessly Keeps Employee Reimbursement On Track
03:00
Product Review: Paycom Serves As Not Only Payroll, But Time Clock For User
01:56
Product Review: Payroll Manager Finds Paycom Works Well As An Integration
01:28
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Pricing

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N/A
Unavailable

What is Paycom?

Paycom is a core HR management software solution. It includes features such as talent acquisition and management, time tracking, and payroll management. It offers some automation capacities, particularly regarding payroll.

Entry-level set up fee?

  • No setup fee

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting/Integration Services

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Features

Human Resource Management

Organizing, tracking and providing instant access to critical employee data, job profiles, transfers, promotions, and benefits information.

7.8
Avg 7.9

Payroll Management

Provides for pay calculation and benefit plan administration, in addition to managing direct deposit, salary revisions and payroll tracking.

8.1
Avg 8.0

Leave and Attendance Management

Streamlines communication between HR and employees and facilitates efficient management of employee leave including requisitions, approvals, balance calculation, and annual carry-forward.

8.2
Avg 8.1

Employee Self Service

Employee portal allowing employees to view and update their personal information.

8
Avg 8.1

Asset Management

Maintaining a record of assets such as laptops, pagers, cell phones, etc. issued to employees. Record typically includes asset type, number, serial number and date of issuance.

4.9
Avg 7.9

HR Reporting

Pre-built and custom reports, and integration with external data.

7.1
Avg 7.6

Onboarding

Employee onboarding is the process of orienting new hires to the social and performance aspects of their jobs so that they are able to function in their new roles as quickly as possible.

8
Avg 8.0

Performance and Goals

Goal alignment is the practice of ensuring that all employees have clearly defined goals in support of the overall corporate strategy.

5.9
Avg 8.1

Performance Management

Performance management is the process of ensuring employees meet pre-determined objectives and goals through regular check-ins and appraisals.

7.5
Avg 8.0

Succession Planning

Succession planning is the identification and development of internal employees with the potential to fill key business leadership positions in the company.

6.8
Avg 8.0

Recruiting / ATS

Recruiting or Applicant Tracking Software is software used to manage the recruitment process electronically by handling job postings, applicant status, resume management, etc.

6.9
Avg 7.8
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Product Details

What is Paycom?

For 25 years, Paycom Software, Inc. (NYSE: PAYC) has offered HR and payroll technology to empower transparency through direct access to employee data. Through Paycom's Beti® technology, employees can do their own payroll and are guided to find and fix costly errors before payroll submission. From onboarding and benefits enrollment to talent management, Paycom’s software streamlines processes and gives employees power over their own HR information. Paycom serves businesses of all sizes in the U.S. and internationally.

Paycom states that they employ over 7,300 employees (as of Dec. 31, 2023), with locations across the U.S. Its headquarters is in Oklahoma City, Oklahoma with a secondary operations facility in Grapevine, Texas.

Paycom further states they have approximately 36,820 clients across the United States (as of Dec. 31, 2023), up 1% from the prior year. On April 15, 2014, Paycom became a public company with its shares opening for trade on the New York Stock Exchange under the ticker symbol PAYC. In early 2020, the company joined the S&P 500.

Paycom Features

Human Resource Management Features

  • Supported: Employee demographic data
  • Supported: Employment history
  • Supported: Job profiles and administration
  • Supported: Workflow for transfers, promotions, pay raises, etc.
  • Supported: Benefits information
  • Supported: Organizational charting
  • Supported: Organization and location management
  • Supported: Compliance data (COBRA, OSHA, etc.)

Payroll Management Features

  • Supported: Pay calculation
  • Supported: Payroll history for each employee
  • Supported: Benefit plan administration
  • Supported: Direct deposit files
  • Supported: Payroll tracking and auditing
  • Supported: Salary revision and increment management
  • Supported: Reimbursement management
  • Supported: Statutory form management

Leave and Attendance Management Features

  • Supported: Approval workflow
  • Supported: Email notifications
  • Supported: Balance details
  • Supported: Travel absence management
  • Supported: Annual carry-forward and encashment

Employee Self Service Features

  • Supported: Employee login
  • Supported: View and generate pay and benefit information
  • Supported: Update personal information
  • Supported: Request time off
  • Supported: View job history
  • Supported: View company policy documentation
  • Supported: View company news and information
  • Supported: Employee recognition

HR Reporting Features

  • Supported: Report builder
  • Supported: Pre-built reports

Performance Management Features

  • Supported: Performance plans
  • Supported: Performance improvement plans
  • Supported: Review status tracking
  • Supported: Review reminders
  • Supported: Multiple review frequency

Onboarding Features

  • Supported: New hire portal
  • Supported: Manager tracking tools

Performance and Goals Features

  • Supported: Individual goal setting
  • Supported: Performance tracking

Recruiting / ATS Features

  • Supported: Job Requisition Management
  • Supported: Company Website Posting
  • Supported: Publish to Social Media
  • Supported: Job Search Site Posting
  • Supported: Duplicate Candidate Prevention
  • Supported: Applicant Tracking
  • Supported: Notifications and Alerts

Paycom Screenshots

Screenshot of Screenshot of Screenshot of Screenshot of Screenshot of Screenshot of Screenshot of Screenshot of NEW TECHNOLOGY The Projected Total Economic Impact™ of Paycom’s Time-Off  Requests Featuring GONE®

Paycom Videos

Paycom x Patriots: A Championship-Level Partnership
The Future of Payroll Is Within Reach
The Nemesis: Manifesto
Unnecessary Action Hero

Paycom Technical Details

Deployment TypesSoftware as a Service (SaaS), Cloud, or Web-Based
Operating SystemsUnspecified
Mobile ApplicationNo

Frequently Asked Questions

Paycom is a core HR management software solution. It includes features such as talent acquisition and management, time tracking, and payroll management. It offers some automation capacities, particularly regarding payroll.

ADP Workforce Now, Dayforce, and Paycor are common alternatives for Paycom.

Reviewers rate Create succession plans/pools highest, with a score of 9.1.

The most common users of Paycom are from Mid-sized Companies (51-1,000 employees).
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Comparisons

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Reviews From Top Reviewers

(1-5 of 414)

Elevate your HR team's performance by choosing Paycom

Rating: 10 out of 10
November 23, 2024
KR
Vetted Review
Verified User
Paycom
5 years of experience
Verified on LinkedIn
We use Paycom for tracking employee demographics, benefits, payroll, and other documentation. It has been a wonderful enhancement to our business processes. The reporting features are phenomenal. The timecard recordkeeping is easy to navigate and our payroll processing time has been radically reduced. Paycom is a friendly and efficient management tool that we use daily.
  • Paycom will find a solution. Our attendance tracking isn't simple, but Paycom found a way to integrate our unique process into their design.
  • Government and compliance tracking is integrated with the entire system. You can track all ACA, FMLA, Workplace Injuries, COBRA, Unemployment, Training, and more in the same place that you track payroll and benefits. The entire system flows together seamlessly. We were able to combine 3 other programs into one when we switched to Paycom.
  • Employees appreciate the Paycom app. They can complete onboarding, trainings, benefit enrollment, check PTO balances, request PTO, view their timecards and pay history all in one place. They especially enjoy the ability to clock in/out on their mobile devices.
Cons
  • It would be nice to be able to enter an employee's past pay history (prior to Paycom) for easier recordkeeping.
The system contains a vast amount of information, and the entire thing flows seamlessly from one form to the next. When you set things up properly, you can automate several other entries to be updated by just changing one piece of data. The system speeds up your own processes and can reduce your workload in an instant.

Benefits of Paycom.

Rating: 10 out of 10
October 29, 2024
We moved payroll to Paycom in 2017. Since that time we've gradually added applicant tracking, position management, benefits enrollment, and performance management. This past June we started using Paycom for our criminal background checks. We are now completely paperless for everything including onboarding, benefit enrollment, performance reviews and background checks. No longer do we have to upload background check results to Paycom as they are stored automatically. It's been a huge time saver and works seamlessly within applicant tracking and onboarding.
  • Onboarding
  • Benefit Enrollment.
  • Annual Increases.
Cons
  • We have not upgraded to Beti due to additional cost.
Applicant tracking, background checks, paperless onboarding, and E-Verify work seamlessly. One challenge we are still addressing is student workers who perform two or more jobs on campus at different pay rates.

Paycom Review.

Rating: 9 out of 10
September 19, 2024
Paycom is a comprehensive system integrating various HR and payroll functions into a user-friendly platform. We are pleased with the abundant features available, including Talent Acquisition, Expense Tracking, Compliance, Reporting, and more. It is a one-stop shop for our needs. As a government subcontractor, we have unique challenges. Unlike our previous system, which required hours of manual work, Paycom simplifies the process without sacrificing results.
  • One location for all needs.
  • User friendly experience for employees.
  • Easy to customize for our unique needs.
  • Great customer support.
Cons
  • Would like to have a simple expense management exchange for Amex users.
It's good for smaller companies that want an easy-to-use system that will help with most of their HRIS needs. The price range is good.

Paycom Feedback

Rating: 8 out of 10
December 09, 2024
BC
Vetted Review
Verified User
Paycom
1 year of experience
We use Paycom for payroll and for HRIS. We onboard with it as well. We were switching systems and the new on did not have a payroll or HR module so that is why we selected Paycom.
  • Onboarding
  • Quick and payroll processing
  • End of year tax form processing
Cons
  • I think their reporting system is very confusing! There are too many options and often I can't find exactly what I am looking for.
  • There is an initial set up error that they knew about with regards to my DOL status and this causes a lot of confusion for all of us.
  • When we signed on to Paycom, we then became IT people. I get several calls a week from employees who cannot log in, etc. This causes me to spend a lot of time on those issues rather than my HR work. I am swamped as it is!
I like the payroll process and the onboarding process. I have been on the system for about 18 months now and I am still learning the system. Our organization has many different payroll rules with shift diffs, etc. and this caused confusion at first. the more I use it, I think the easier it gets.

Paycom - makes Payroll a breeze!!

Rating: 8 out of 10
June 23, 2024
KF
Vetted Review
Verified User
Paycom
3 years of experience
Paycom was used to process timecards, paycheck stubs, and employee information/raises/merit increases, employee documentation that needed to be signed between Mgr and staff, etc. It is a great system comparable to Paylocity, Kronos, etc. The sytem was easy for employees to navigate through and change all their information as needed. This would include address changes, bank account information, tax related preferences.
  • Employee Merit increases needing to be signed by EE and Managers
  • Timecards were clean and easy to navigate
  • Timecard that needed approving by managers could be sent an email directly from the system alerting them they needed to complete the task
  • Processing payroll was easy and fast
  • Audits were conducted timely and clear
  • 401K changes could be done through a bridge between Broker and investment company
Cons
  • Overtime and double time could not be easily viewed until the timecards were closed
  • Creating reports were difficult for me to do without assistance
  • Precomparison to prior processed payroll would be nice
I really don't have any other than our company use of the system. It worked well for Medical practices paying 375 staff.
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