<mark style="background-color:rgba(0, 0, 0, 0)" class="has-inline-color has-gray-color">Compensation Management Software

More than 50,000 businesses nationwide trust Paycor*

(4.4/5)

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.

Paycor compensation management interface example

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.

Paycor compensation management interface example of auditing feature

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

Healthcare

Recruit and hire skilled nurses, dynamically schedule staff, and boost engagement and retention with Paycor’s configurable software.

Manufacturing

Recruit skilled labor, optimize coverage, and track and analyze labor costs with Paycor’s configurable software.

Restaurants

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.

Professional Services

Save time with a unified, mobile-first experience intuitively designed for leaders and gain deeper insights about your business with powerful analytics.

Education

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.

Retail

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.

Nonprofits

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.