TrustRadius
Paycor makes sense for a small company (less than ten employees)
https://www.trustradius.com/hr-managementPaycorUnspecified7227101
David Weil profile photo
June 26, 2019

Paycor makes sense for a small company (less than ten employees)

Score 9 out of 101
Vetted Review
Verified User
Review Source

Overall Satisfaction with Paycor

We use Paycor monthly to run payroll for our company. We are a small company and using Paycor makes running payroll easy especially as each of our employees lives in a different tax jurisdiction; not to mention two different states.
  • Paycor pays and files all employee taxes
  • Paycor keeps a record of IRA contributions
  • Paycor issues W-4s at the end of each year
  • Paycor handles Ohio Job & Family Services and the equivalent in Kentucky
  • When withholding taxes are changed, we have to be careful to ensure that the changes carry over to the next pay period.
  • We pay to run payroll once a month. If an error is made (such as forgetting to include bonuses), then it is not inexpensive to run a second payroll that month.
  • Much time is freed up by not having to calculate each employees individual monthly payroll
  • Much time is freed up by not having to calculate all the various taxes to be deducted from each employees paycheck
  • Much time is freed up by not having to file and pay all the various payroll taxes
Our HR and/or payroll team has saved 1-25 hours per month. - It is very easy to determine each employees monthly paycheck. The checks arrive in the mail. They are distributed. Other than making sure that IRA payments are made, everything else is done.
There are some areas that I think could be a little more user friendly. But, over all, quite easy to use.
Did not evaluate any other payroll service companies.
We are a small company and Paycor makes running payroll, filing withholding taxes, and making other state filings very easy. However, I could understand that another small company might want to save the money and do all the filings themselves.

Paycor Feature Ratings

Employee demographic data
Not Rated
Employment history
Not Rated
Job profiles and administration
Not Rated
Workflow for transfers, promotions, pay raises, etc.
Not Rated
Organizational charting
Not Rated
Organization and location management
Not Rated
Compliance data (COBRA, OSHA, etc.)
Not Rated
Pay calculation
8
Benefit plan administration
8
Direct deposit files
Not Rated
Salary revision and increment management
Not Rated
Approval workflow
Not Rated
Balance details
Not Rated
Annual carry-forward and encashment
Not Rated
View and generate pay and benefit information
Not Rated
Update personal information
Not Rated
View job history
Not Rated
View company policy documentation
Not Rated
Report builder
Not Rated
Pre-built reports
Not Rated
Ability to combine HR data with external data
Not Rated
Performance plans
Not Rated
Performance improvement plans
Not Rated
Review status tracking
Not Rated
Review reminders
Not Rated
Multiple review frequency
Not Rated
New hire portal
Not Rated
Manager tracking tools
Not Rated
Individual goal setting
Not Rated
Line-of sight-visibility
Not Rated
Performance tracking
Not Rated
Job Requisition Management
Not Rated
Company Website Posting
Not Rated
Publish to Social Media
Not Rated
Job Search Site Posting
Not Rated
Duplicate Candidate Prevention
Not Rated
Applicant Tracking
Not Rated
Notifications and Alerts
Not Rated