Paycor HCM, Inc. (PYCR)

Overview

Paycor HCM, Inc. operates as a pivotal provider of cloud-based Human Capital Management (HCM) solutions, specifically tailored for small and medium-sized businesses (SMBs) across the United States. Established in 1990 and based out of Cincinnati, Ohio, the company leverages a software-as-a-service (SaaS) model to offer a comprehensive suite that addresses the intricate people management requirements of SMB leaders. Targeting various sectors including manufacturing, healthcare, restaurant, retail, professional services, nonprofit, and education, Paycor HCM, Inc. deploys its solutions through a dedicated direct sales team, ensuring tailored service and support for its clientele.

Products and Services

• Cor HCM:

  A flagship suite encompassing a broad array of HCM tools that cater to HR, onboarding, payroll, compensation management, employee surveys, expenses, and reporting and analytics. This comprehensive solution streamlines human resource management for SMBs, enabling leaders to efficiently oversee and optimize their workforce.

• Workforce Management:

  This solution offers flexible time entry, detailed overtime calculations, and versatile scheduling capabilities, all tightly integrated with real-time payroll synchronization. Designed to simplify the complex aspects of managing a workforce, it helps in ensuring operational efficiency and compliance with labor laws.

• Benefits Administration:

  A decision support tool aimed at assisting leaders to streamline and maximize the effectiveness of their benefits administration. By offering insights and management capabilities, this solution facilitates the customization and optimization of benefits packages to meet the unique needs of each organization.

• Talent Management:

  An integrated suite offering both compensation and performance management solutions. This tool is designed to align employee performance with organizational goals, fostering an environment of growth and productivity. By integrating compensation management, it ensures that performance metrics are closely tied to rewards, enhancing motivation and engagement among employees.