Paycom is a cloud-based human resources management program that is widely accepted as one of the top HR software companies in the industry today. Its cloud service offers payroll, benefits, and HR assistance for organizations of all sizes, including small, midsize and enterprise.

The main feature of the Paycom is its ability to streamline payroll by guiding employees to self-manage their payroll. The application is  provides a comprehensive set of HR tools all in one place that helps save organizations from time-intensive process of managing employee data, eliminate duplicate tasking, and save your company from inaccurate data and inconsistent reporting. Paycom provides companies with a web-based interface that allows you and your employees to manage every HR task in one location. 

In this review of Paycom's offering, we showcase what it is like to utilize Paycom's product and how it can best benefit your business.

Save Time and Energy on Payroll

Payroll services are essential for businesses of all sizes. However, the time and effort expended to manage them properly can take longer than you want. That's why Paycom offers one software solution for everything that an HR professional needs to make HR and payroll management easier and more efficient.

Paycom's single solution offers HR teams the tools to streamline the entire payroll process. Jumping from multiple software solutions to accomplish all your payroll tasks can waste so many resources unnecessarily. Paycom's product means one app, one login, and one style of technology that saves you time and helps you avoid expensive mistakes.

Paycom's newest product, Beti, places all the major tasks associated with payroll back into the hands of the employee because they are the ones who are already completing their PTO, hours worked, enrolling in benefits, submitting expenses and deciding their tax withholdings - essentially everything that makes up payroll. Employees are empowered to approve their own paycheck prior to payroll ever being finalized. This can all be done on their mobile phones, where they are alerted through an intuitive employee self-service application. When your employees have early awareness and insight into their net pay it allows them greater flexibility and assurance in planning for their upcoming expenses: bills, savings and even family vacations. When employees review their paycheck information in advance, errors, adjustments and updates can largely be made prior to completion of the payroll, essentially eliminating post-payroll adjustments, check reversals, ledger corrections and more.So Much More Than Payroll

Payroll processes streamlined into one Paycom app will save your HR department so much time, but that is not all that Paycom's solution offers your business. 

HR processes, including talent acquisition, timekeeping and labor management, onboarding needs, talent retention efforts, employee benefits programs, learning management and even performance management services, are all offered in Paycom's one all-encompassing solution.  

For business owners, one of the best parts of Paycom's product offering is the tax credit program. It identifies, secures, and administers current government tax incentives available to improve your company's financial performance. It can save your company so much money by finding and enrolling your business in per employee tax incentive programs you never may have known you could be a part of without Paycom. The best part of the deal is that there's no liability. If Paycom cannot find any tax incentive programs that are right for your business, you don't pay for the search.

Extra Features and Benefits with the Paycom Solution

Paycom offers a cost-effective solution used by businesses of all sizes. This software offers an affordable and easy-to-use alternative all rolled into a single HR solution. It also comes with many features that make managing your HR and payroll tasks easier than ever before, including:

• A user-friendly and familiar interface.

• Automatic calculations for employees regarding taxes, deductions, and benefits.

• A mobile app to access your data anywhere.

• Employee empowerment and data transparency.

• Comprehensive storage of old employee W2 forms, pay stubs, and a log of hours worked.

• Expense management capabilities.

Software Adaptability

Paycom's solution is built to take care of all your HR and payroll needs. Whether you are a small, local business or a Fortune 500 corporation, Paycom's software comes with customizable options to fit your needs. 

The solution Paycom offers is so overarching it will help not only your HR team but will also ease the lives of your finance executives, IT players, and operations managers.  Paycom's solution even works in every industry you can think of. Healthcare, finance, manufacturing, education, hospitality, technology, nonprofit work, and even retail are just a few of the industries currently represented by companies using the Paycom solution right now.

Bottom Line

Due to its longevity, trust, and credibility, Paycom is in a unique position, operating as the HR and payroll solution for several of the largest employer groups in the United States. Paycom's unique solution allows companies to streamline their HR and payroll task list to a single software. Its solutions are updated and sophisticated. Employee-driven payroll solutions are the wave of the future, and Paycom's product is creating that wave. The company's ability to grow and stay at the forefront of an ever-changing industry, thanks in-part to its founder Chad Richison, will ensure that Paycom will remain on top for years to come.