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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Video Reviews
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Pricing
Entry-level set up fee?
- No setup fee
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
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Product Details
- About
- Competitors
- Tech Details
- Downloadables
- FAQs
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
Paycom Videos
Paycom Competitors
Paycom Technical Details
Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
---|---|
Operating Systems | Unspecified |
Mobile Application | No |
Paycom Downloadables
Frequently Asked Questions
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Reviews From Top Reviewers
Elevate your HR team's performance by choosing Paycom
- 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.
Benefits of Paycom.
- Onboarding
- Benefit Enrollment.
- Annual Increases.
Cons
- We have not upgraded to Beti due to additional cost.
Paycom Review.
- 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.
Paycom Feedback
- 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!
Paycom - makes Payroll a breeze!!
- 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