HR Software

Paycom Reviews - Pricing, Pros/Cons, User Reviews

February 15, 2021
  •  
5
Brett Ungashick
Founder

Paycom is one of the leading vendors in the HRIS industry, providing a single-database, all-in-one suite of HR management tools to mid-sized companies. Learn more about Paycom's average customer size, strengths, weaknesses, costs and integration capabilities.

Paycom

Overview

Paycom is a full suite HRIS system that can serve as a one-stop-shop for companies, covering everything from payroll, benefits and HR to recruiting, onboarding, performance and learning. The system is designed for mid-market companies and gets strong reviews for administrative ease of use and employee self-service. Paycom is unique in the mid-market due to the fact that they have not acquired or partnered with 3rd parties to build their system, making the technology more comprehensive and integrated than peers in their space. This can lead to downstream advantages with reporting and reduction in manual re-entry

Learn More: Download a vendor report comparing Paycom and their competitors

Market Segment

Paycom is considered a Mid-Market HRIS, which means the system works best for companies with between 50 and 350 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 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.

Blog: How Long Does it Take To Buy and Implement an HRIS

Costs

Paycom charges companies on a per paycheck basis. When converted to a Per Employee Per Month fee, a Paycom subscription can cost anywhere from $18-25 PEPM, depending on the size of your company and the modules included in your scope.

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

Blog: How to Negotiate an HRIS Agreement

Strengths
  • Paycom is a single database solution that is fully integrated from module to module, reducing the need for manual re-entry and improving reporting quality
  • Paycom does a great job of incentivizing employee self-service through their quality mobile app, so that employees and managers contribute to the system and admins have less work on their plates
  • Paycom provides a dedicated support model that does not require customers wait in queues or submit tickets
  • Paycom recently rolled out a revamped payroll processing workflow that streamlines the workload for payroll managers
Weaknesses
  • Paycom is not a great option for companies that want to integrate with multiple standalone HR systems (ATS, LMS, etc)
  • Paycom is a premium priced service and doesn't discount as much as some of their peers
  • Paycom's often hires early-in-career professionals for their customer support positions which can limit the amount of HR best practices a companies receives

Shopping for an HRIS? Work with an HRIS advisor to streamline your shortlisting, evaluations and selection - for free!

Integration Capabilities

Paycom does not prioritize integrations with third parties, often encouraging buyers to take an "all-in" approach with their system. Most integrations with Paycom are manual file uploads, but they can occasionally support API integrations too. However, when it comes to carrier connections and integrations with accounting systems, Paycom is on par with their peers.

Free Tool: HRIS Requirements Builder

Global Capabilities

Paycom works better as a domestic payroll and HRIS system. Companies with global employees can store employee data in the system and global employees can use the onboarding, leave and performance modules. However, Paycom does not have global offices, language localization or any global payroll capabilities.

Modules Offered
  • Payroll
  • Benefits Admin
  • HR / Employee Files
  • Time & Attendance
  • Onboarding
  • Recruiting
  • Performance
  • Compensation
  • Engagement
  • Learning

Want more info on Paycom? Talk to an advisor about firsthand Paycom experience

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

Workday Reviews - Pricing, Pros/Cons, User Reviews
HR Software

Workday Reviews - Pricing, Pros/Cons, User Reviews

Workday is arguably the most famous brand in the HRIS industry these days. Their enterprise customer base, omnipresent marketing and industry renown ensure that few are strangers to their brand. However, few know the ins-and-outs of what makes Workday a leading solution, and in what scenarios they aren't a fit. Keep reading to learn more!

Read Article
How to Choose the Right Form of International Hiring
Global Expansion

How to Choose the Right Form of International Hiring

Companies that want to dive into the global talent pool should know their options for hiring people abroad. This is a guide to selecting the most suitable form of international hiring for your business.

Read Article
Ceridian Reviews - Pricing, Pros/Cons, User Reviews
HR Software

Ceridian Reviews - Pricing, Pros/Cons, User Reviews

Ceridian offers an enterprise-grade HRIS system used by some of the world's largest enterprises. They are also a public company. Yet many still don't know much about Ceridian. Learn more about Ceridian's average customer size, strengths, weaknesses, costs and integration capabilities.

Read Article