Item: Paycor
Rating: 9
Author: David Weil

Use Cases and Deployment Scope

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.

Pros and Cons

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.

Return on Investment

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

Time Savings with Paycor

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.

Usability

There are some areas that I think could be a little more user friendly. But, over all, quite easy to use.

Alternatives Considered

Did not evaluate any other payroll service companies.

Likelihood to Recommend

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

Overall Satisfaction with Paycor