If you’re looking for an online payroll software program, Paycom will likely come up as one of the top results. This employee-driven service bridges the gaps in HR management and payroll and offers a user-friendly experience.
In this Paycom review, we’ll discuss the platform’s features and pricing. Moreover, we’ll dig deep into this comprehensive software and mention its advantages and drawbacks.
What Is Paycom?
As mentioned, Paycom is an online payroll service that offers talent acquisition, HR management, payroll, and time management solutions. Paycom stands out from the rest because it’s an employee self-service app (for similar software, check out our guide to Blooklet). This means that your employees can review and manage every aspect of their paychecks.
What Solutions Does Paycom Offer?
Paycom is an all-in-one service that ensures a smooth workflow, minimizes the risk of errors, and ensures your employees are paid fairly and correctly. Here are the solutions this platform offers:
Talent Acquisition
Recruiting, hiring, and onboarding processes can be chaotic and time-consuming. Due to the numerous tasks HR teams need to complete during these processes, there’s a chance top talent will fall through the cracks. Paycom takes talent acquisition to the next level and prevents these scenarios. The platform’s talent acquisition tool is designed to help you be diligent, compliant, and 100% sure you’ve made the right call.
Paycom and its helpful features let you reach the candidates you want to hire and filter out those who aren’t a good match. Moreover, it helps you onboard new hires seamlessly, confirm their eligibility, run a background check, secure tax credits, etc.
Talent Management
Your most valuable asset is your employees. If you want them to stick around, you need to offer competitive salaries and learning opportunities, and Paycom is a great platform for that. With Paycom’s talent management tool, you can keep your employees on track, evaluate and reward them, create new career paths, and much more.
Thanks to the self-service option, your employees can review and update their HR information, helping you streamline your company’s processes and ensure employee satisfaction.
Payroll
Paycom offers an online payroll management system in a single comprehensive platform. The program is designed to provide an error-free experience.
Thanks to the Beti feature, you can automate payroll processing and allow your employees to do their own payroll. This convenient feature identifies potential errors and guides the employees toward fixing them before submission. The Beti feature is incredibly easy to use, even for those who aren’t tech-savvy.
Of course, Paycom offers other options related to payroll, such as:
- Boosting employee benefits
- Reconciling payroll checks
- General ledger concierge
- Expense management and reimbursement
- Garnishment administration
- Management of payroll taxes
HR Management
Ensuring your HR processes are efficient can save a lot of time and let your HR team leads and employees focus on other important tasks.
The software helps you stay on top of state and federal regulations, monitor employee usage, supervise tasks, organize documents, streamline benefits administration, and much more.
Many clients love the “Ask Here” feature within the HR management program. Thanks to this option, your employees (or you) can ask any program-related question, which will be directed to the right team member.
Time and Labor Management
While employees are your most valuable asset, they’re also one of the most significant expenses. Every employer wants to ensure their employees are working efficiently, especially due to rising labor costs.
With Paycom’s time and labor management feature, you can combat time theft, ensure efficient scheduling, and help your employees maintain a healthy work-life balance.
Paycom Pricing
When it comes to pricing, Paycom offers plans based on a monthly per-employee fee. According to different Paycom reviews, you can expect an average price of around $4-$6 per employee per month. In addition to that, you’ll need to pay an initial setup fee, which is approximately $500-$1,200, depending on your company’s size.
That said, it’s important to mention that Paycom doesn’t state its pricing model on the website. If you want to learn more about pricing, you’ll need to request a meeting with a Paycom team member.
During this meeting, you can learn more about pricing and customize the software to suit your company’s needs. Paycom’s sales team members will help you choose the right accounting software solutions and streamline your processes.
Paycom Pros and Cons
Learning the ins and outs of Paycom can help you determine whether this is the right option for your company. Being one of the best online payroll and HR management programs, Paycom offers exceptional features to its users. However, Paycom has its drawbacks. Here, we’ll discuss the program’s pros and cons.
The Pros
Here’s why Paycom could be a valuable asset to your company:
All-in-One Software
Many Paycom reviews mention the program’s comprehensiveness as its main advantage. It offers everything you may need to streamline HR, tax management, payroll processes, etc.
You don’t need to purchase or use additional programs and tools for data analysis, benefits enrollment, or applicant tracking. Paycome is everything streamlined businesses need to enhance efficiency and reduce costs.
Suitable for Every Organization
Whether you’re running a large organization or a small business, Paycom can be a great choice. Its options aren’t dependent on company size and are equally suitable for smaller and larger businesses.
Very User-Friendly
Since Paycom offers a wide range of features, the platform can seem overwhelming. Fortunately, thanks to the user-friendly interface, navigating the app isn’t complicated, even for those who aren’t tech-savvy.
Many users also mention that Paycom has an excellent customer support team that is always available and ready to help.
Self-Service
Paycom’s guided self-service option called Beti is what makes the program unique and attractive. With Beti, Paycom revolutionized online payroll management by allowing employees to do their own payroll.
Your employees can review and manage their timecards, vacation requests, expenses, taxes, benefits, etc. Based on this information, Beti can identify errors and help your employees correct them before payroll submission.
The feature reduces employer liability, lowers the risk of errors, improves data accuracy, and gives your employees detailed insight into their paychecks.
The Cons
Every program has its drawbacks, and Paycom is no exception. Numerous Paycom reviews mention a few potential disadvantages you should consider before opting for the software.
Long Implementation Process
While Paycom’s interface is user-friendly, implementing the software into the system can be a time-consuming and frustrating experience.
Several users mentioned that they felt stuck at some point and needed to ask for help. Fortunately, Paycom has excellent customer support that helped them go through the process. Plus, the company offers extensive online instructions and documents that help with the implementation process.
No Free Trial
Another potential drawback you should be aware of is that Paycom doesn’t offer a free trial, which is common among most payroll and HR management programs. Many users would like to try out the software before investing a large amount of money in it.
Every HR and Payroll Tool in a Single Software
If you’re looking for a comprehensive software solution that will make managing payroll, taxes, HR processes, and employees more efficient, the Paycom System is a great choice (for more contact management software, read here). The platform has its flaws, but many users are willing to look the other way because of its extensive and innovative features.
