Compensation Management Software
Automate Your Compensation Strategy
Seamlessly plan and execute pay increases, bonuses and rewards across your organization. Speak to a representative today, call 513-338-0399.
More than 40,000 businesses nationwide trust Paycor*
4.4/5 (2,762 Reviews)
Efficiently Manage Spend, Complete Raise Cycles, and Increase Pay Transparency
By automating manual tasks and streamlining merit, bonus, and equity cycles, Paycor’s Compensation Management solution can dramatically reduce your workload and accelerate decision-making. Our collaborative tools foster alignment across teams, helping to ensure budgets are met and pay equity issues are proactively addressed.
Reduce Manual Work —
This comprehensive tool enables your leaders to significantly reduce the manual work and cycle time of planning budgets and completing merit, bonus, and equity cycles
Deep Insights —
A flexible yet complex employee event timeline provides context and decision support for your managers. And the clear review process helps reduce mistakes and changes.
Quick Summary —
The in-platform reminder feature lets you review the status of cycles and send completion reminders. You can also see up-to-date trends and instant compensation summaries.
Improved Experience —
Reward structuring, salary notification letters, and total rewards statements give your employees confidence in the discussions from one-on-ones.
Build Strategic Compensation Programs
See how Paycor automates compensation management so leaders can focus on developing compensation strategies to attract new talent and reward employees.
Take Planning to the Next Level
When it comes to managing compensation, there’s no one-size-fits-all strategy. With so many types of awards and pay options to recruit and reward employees, HR leaders need a solution that offers customization and flexibility.
Pay Benchmarking —
Make the most of your labor budget and retain top talent with competitive pay.
Advanced Pay Equity —
Real-time cycle analytics help ensure equity regardless of factors like gender, race, or ethnicity.
Auditing —
Comprehensive reporting for employee, approver, budget, and slate data enables you to verify accuracy before finalizing.
Configured for Your Industry
Recruit and hire skilled nurses, dynamically schedule staff, and boost engagement and retention with Paycor’s configurable software.
Recruit skilled labor, optimize coverage, and track and analyze labor costs with Paycor’s configurable software.
Speed up the recruiting process with same day hire, streamline with custom hiring workflows, offer workers OnDemand Pay and self-service on an award-winning mobile app.
Save time with a unified, mobile-first experience intuitively designed for leaders and gain deeper insights about your business with powerful analytics.
Maintain compliance, pay adjuncts and staff accurately and on time, schedule staff at multiple campuses, recruit qualified talents, and get up to speed faster with our industry-skilled implementation.
Recruit, onboard, pay, and schedule workers in a mobile-first environment. The last thing retailers need is a generic solution. That’s why leading retailers partner with Paycor.
Pay employees accurately and on-time in a heavily regulated tax environment. Overcome staff shortages, maintain tax compliance, and help tie operations to grant funding.
The Most Flexible Compensation Planning Tool
Get out of the weeds of admin and recordkeeping—once and for all — with Paycor’s compensation management software tool. When compensation professionals and HR leaders automate bonuses, merit increases and other awards in one system, it takes the complexity out of compensation planning. As a result, you can focus on building effective compensation programs that help drive recruiting and retention, eliminating workforce challenges like high turnover and missing out on top talent.
Streamline Compensation Events
Compensation Planning allows you to automate events and collaborate directly with managers to eliminate the hassle of rewarding employees.
Eliminate Manual Work
With fully unified compensation planning software, you can manage and execute compensation events, removing manual entry and reducing errors.
Protect Your Organization
By providing you tools to see pay across different attributes, you can better analyze real-time data to ensure fair pay practices.
Compensation Planning Solution Trusted By Users & Third-Party Evaluators
Compensation Planning FAQs
HR Admins: Can configure and manage Compensation Planning events.
Managers: Options to view/complete Tasks & Notifications once the HR Administrator has assigned you a task to complete a recommendation.
Managers. When you launch a plan, the managers of any employees included in the plan will receive a task to submit recommendations.
Pay changes made through Compensation Planning will not kick off any workflows. Administrators can review all the changes before making them live.
By default, all employees in the company are included in the plan. You can select departments, specific hire dates or individual employees.
- Employee Compensation Report
- Total Compensation Report
To see reports, hover over Reporting in the Paycor platform and type compensation into the search bar.
Pay changes made through Compensation Planning will not kick off any workflows. Administrators can review all the changes before making them live.
You can select a total dollar amount per manager or a target % of employees’ salaries. You can also set reviewer guidelines to limit the range of values that a manager can enter for an employee (Minimum %, Target %, Maximum %).
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