Overview of Paycor
Established in 1990, Paycor is a provider of cloud-based Human Capital Management (HCM) software that streamlines administrative processes, from recruiting, onboarding, payroll, and timekeeping to reporting and compliance. Paycor is designed to bring value to small and medium-sized businesses in a wide variety of industries by helping them manage their most valuable asset - their people. With a user-friendly interface and dedicated customer service, Paycor ensures effective human resource management molded specifically around the needs of its clients.
Paycor Company History
Paycor was founded by Bob Coughlin in Cincinnati, Ohio in 1990. Since then, the company has grown immensely and now services nearly 40,000 organizations nationwide. The company made a significant leap in 2012 when it launched its next-generation HCM platform, and since then has been actively expanding and developing its range of software solutions, amassing a respectable portfolio of satisfied customers in its wake.
Typical Data Processed by Paycor
As a leading provider of HCM software, Paycor handles a wealth of employee-related data. This may include personal identifying information, employment history, payroll data, benefits information, timekeeping data, and performance statistics. Paycor's platform ensures that this sensitive data is maintained securely, while still accessible for making strategic HR decisions and ensuring compliance with labor laws.
Paycor's Operational Regions
Headquartered in Cincinnati, Ohio, Paycor operates across the United States, providing services to businesses of various sizes in many different industries. Expanding over three decades, their reach has grown considerably, while still maintaining a dedication to quality service and client satisfaction.
Key Features of Paycor
Paycor offers an array of features conducive to efficient HR management. These features include intuitive payroll solutions, expert HR and compliance support, advanced reporting, and actionable analytics. Paycor also boasts an applicant tracking system, online onboarding tools, a benefits administration platform, and a planning and compliance tool. Other user-friendly features focus on employee-self service and mobile functionality, thus empowering employees to manage their HR-related needs.
Importance of Monitoring and Comparing Vendors like Paycor from a Data Compliance Perspective
The oversight and comparison of vendors such as Paycor is critical from a data compliance standpoint. With businesses increasingly relying on third-party vendors to manage sensitive HR data, ensuring these vendors uphold stringent data privacy and protection standards is paramount. Comparing vendors allows for businesses to select a provider that not only offers a comprehensive range of services but also aligns with their specific data governance requirements. Thus, monitoring and comparing vendors aids in mitigating risk, protecting confidential data, and ensuring legal obligations and industry standards are consistently met.