HR Software

How Much Does Paycor Cost?

December 14, 2022
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?

Compared to Paycor competitors, 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. Paycor payroll pricing depends on the modules included, however.

In addition to the software fees, Paycor will typically charge a one-time implementation fee. Paycor pricing for implementations 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 Administration
  • 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 compared to other payroll software companies 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.

Paycor is not a Professional Employer Organization (PEO) so they do not offer employee benefits or provide fully outsourced HR services.

Free Tool: HRIS Requirements Builder

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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.

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