HR Software

How Much Does Paycor Cost?

February 15, 2021
  •  
5
Brett Ungashick
Founder

Paycor is one of the rising leaders in the mid-market HRIS industry. They went public in early 2022 completing a transition from a regional provider to a national powerhouse. Here's how much you should expect to pay for Paycor:

Paycor

How Much Does Paycor Cost?

Paycor is typically a good value option in the mid-market. They charge companies on a per employee per month basis, and a Paycor subscription can cost anywhere from $17-23 PEPM, depending on the size of your company and the modules included in your scope.

In addition to the software fees, Paycor will typically charge a one-time implementation fee. Paycor's implementation fees are typically about 10-20% of the annual software fees (i.e., $10-20K implementation fee on a $100K annual purchase)

HRIS Matching App:  Input your project goals and see your top HRIS matches - for free
What Modules Are Included with Paycor?
  • Payroll
  • Benefits Admin
  • HR / Employee Files
  • Time & Attendance
  • Onboarding
  • Recruiting / ATS
  • Performance
  • Compensation
  • Learning

For most small to medium sized companies, Paycor can serve as a one-stop-shop for all of their HR-related needs. Paycor started off as a payroll provider, but has expanded their offerings by acquiring leading HR software point solutions and incorporating those tools into their system.

Who is Paycor?

Paycor was founded in Cincinnati in 1990. Paycor started off as a regional payroll software platform focused mostly on small businesses in the Midwest. But over the years, Paycor has developed a full suite of HR software features and moved up-market to serve larger customers.

One of the defining features of Paycor is how their growth-by-acquisition strategy has enabled their system to be more feature-rich than their peers, especially with their talent management modules (recruiting, performance, engagement). This acquisition-heavy strategy comes at a cost and the Paycor system is not as unified or internally integrated as some peers.

Learn More: Request a vendor report comparing Paycor and their competitors

What Sized Companies Fit Paycor Best?

Paycor is considered a Mid-Market HRIS, which means the system works best for companies with between 50 and 500 employees. Mid-Market solutions are designed to be an all-in-one HRIS for companies with fairly standard HR requirements.

Mid-Market solutions typically take about 2-3 months to implement and do not require external consultants to successfully implement and manage the solutions. Mid-Market solutions can be limited in how scalable they are, due to a lack of custom workflow tools and limited rules engines.

Free Tool: HRIS Requirements Builder

Subscribe to OutSail's Newsletter

Get industry insights that you won't delete, straight in your inbox.
We use contact information you provide to us to contact you about our relevant content, products, and services. You may unsubscribe from these communications at any time. For information, check out our Privacy Policy.
Brett Ungashick
Founder
Brett is the founder of OutSail. He spent the early part of his career selling HR software before switching sides and going to work for the people buying the software.

More news

Customer Service Reviews of Leading HRIS Systems
HR Software

Customer Service Reviews of Leading HRIS Systems

One of the biggest reasons that a company wants to leave their current HRIS provider is because the customer service is not good enough. In this article, we look at the customer support buzz around 10 of the leading HRIS platforms.

Read Article
HR Tech 2022 Recap: A Rising Tide Lifts All Ships
HR Software

HR Tech 2022 Recap: A Rising Tide Lifts All Ships

After attending the international HR Tech Conference in Las Vegas this past year, we wanted to share our thoughts and what caught our eye in the expo hall this year

Read Article
Namely's Acquisition by PrismHR - What It Means
HR Software

Namely's Acquisition by PrismHR - What It Means

Last week news broke in the HR Tech industry that Namely was being acquired by a private equity firm that also owns PrismHR. This was one of the biggest acquisitions of 2022 and is worth exploring in greater detail

Read Article