Paycom product overview
Paycom is a comprehensive cloud-based HR and payroll software that simplifies life for employees by empowering them to manage their data. The platform enables complete employee life cycle management with features from pre-employment and talent management to HR management and time and attendance, all the way to payroll. Its payroll solution gives an error-free experience every cycle, so employees are paid correctly and on time.
Paycom is ideal for organizations looking to streamline their processes and push administrative responsibilities to managers and employees with self-service technology while reducing personnel paperwork. Its tools live in one software — built at Paycom, by Paycom — to ensure a seamless user experience. The software equips employees with on-demand access to their own HR data. As a result, HR professionals are free to focus on business-forward strategies.
Pros of Paycom
- Since employees enter their own data and do their own payroll, HR is no longer stuck in the middle of those tedious transactions, allowing them to focus their specialties on more impactful causes for the organization.
- The software eliminates data re-entry with its single database. Employees have to enter information only once, and Paycom populates it systemwide.
Cons of Paycom
- Some organizations experienced tax compliance issues with Paycom.
Breakdown of core features
The applicant tracking feature puts all the steps in one place for a smooth experience for both recruiters and the candidate. Through an intuitive interface on any device, job seekers can apply for a job, set their interview availability, or supply information for future interest without applying. Applicants can also sign up to receive alerts for jobs they have an interest in.
Paycom tracks all correspondences between the hiring team and candidates in one thread to reduce the risk of missing messages and losing qualified applicants. Moreover, it turns passive applicants into active ones for a higher-quality talent pool. HR teams can build a directory of talent profiles from resumes — searchable by school, degree, skill set, and ZIP code — and organize them with tags for simple searching.
Time and attendance
With Paycom’s time and attendance tracking, HR teams can accurately and efficiently manage when, where, and how employees report their hours worked. Whether the workplace is a single or multi-clock environment, employees can clock in and out using the mobile self-service app, web-based time clocks or kiosks, or hardware terminals from biometric to badge-swipe. Employees’ approved time automatically syncs to payroll.
Paycom’s payroll tools enable companies to improve processes for expenses and garnishments. Its Beti feature allows employees to manage, troubleshoot, verify, and approve their payroll. Beti also identifies errors and guides employees to resolve them before submission. This results in increased accuracy and reduced employer liability — all while giving employees greater paycheck confidence.
Documents and Checklists Tool
The Documents and Checklists tool provides a secure method for creating and managing employee files. Organizations can archive, access, and retrieve documents digitally. By automating traditional paper processes through electronic checklists, businesses stop wasting time and money on paper, printing, and file storage.
Paycom also protects critical documents from unauthorized users and unforeseen disasters. It implements industry-proven security standards, including 256-bit encryption technology, multiple off-site backup locations, and 24/7 system monitoring.
(Last updated on 09/23/2022 by Liz Laurente-Ticong)