Item: Paycom
Rating: 10
Author: Billy R Parsons, MBA, SPHR, SHRM-SCP, Navy Veteran

Use Cases and Deployment Scope

Paycom has allowed the company to grow quickly through M&A activities as well as through organic, ground-up growth strategies. It has all the functions we need to facilitate the full life cycle of employment. These include payroll, time & attendance, HRIS, applicant tracking, benefits enrollment, learning & development, expense management, performance management, ACA reporting, etc.

Pros and Cons

Employee life-cycle transactions (HRIS functions)
Benefits enrollment
Time & attendance
Payroll
Applicant tracking
Performance management
Learning & development

Analytical reporting - deep dive analytics

Return on Investment

Positive - saved a dramatic amount of time using the ESS functionality (employee self-service) for my HR team and me.
Positive - geofencing and labor allocation have dramatically improved the tracking of employee time and how that time is spent at each location for my HR team and me.
Positive - the benefits enrollment platform works seamlessly with all areas of the employee self-service, payroll, and HRIS functions.

Alternatives Considered

Paychex Accounting Online, ADP Enterprise HR, Paycor and SilkRoad Onboarding (RedCarpet)

Paycom is far and away the easiest and most effective platform I have ever used for HRIS, Payroll, Time & Attendance, Benefits Enrollment, Performance Management, et al. It is extremely flexible with thousands of options available to customize to each organization's needs, requirements, tactics, and strategies. Its "all-in-one" database solution ensures consistency and accessibility for all of the data held within. My job is easier and takes less effort due to the features Paycom uses. It is not as clunky as some of the other products I have used.

Key Insights

Do you think Paycom delivers good value for the price?

Yes

Are you happy with Paycom's feature set?

Yes

Did Paycom live up to sales and marketing promises?

Yes

Did implementation of Paycom go as expected?

Yes

Would you buy Paycom again?

Yes

Other Software Used

First Advantage

Likelihood to Recommend

Paycom is a "single database solution" that allows my organization to avoid bridging with other systems for data. In other words, an employee's name is only utilized once for every aspect of their employment life cycle. This avoids repetitive data entry as well as the errors of multiple entries competing from multiple sources. Essentially, Paycom is a "do it all" solution that does not require additional systems to be "bolted on" to ensure every function is available. For example, it does not need to bridge to an external applicant tracking system (ATS) since it provides a robust version itself that farms its data directly from all of the organizational input already in the system. However, it can bridge to existing systems when necessary. These all impact my job directly by ensuring my team does not spend more time than necessary creating transactions or maintaining information.

Paycom - the best "all-in-one" employee life cycle solution on the market

Overall Satisfaction with Paycom