New offerings enable business leaders to
optimize compensation strategies and staffing levels
CINCINNATI, Feb. 6, 2024
/PRNewswire/ -- Paycor HCM, Inc. ("Paycor") (Nasdaq:
PYCR), a leading provider of human capital management (HCM)
software, today announced the release of two new offerings, Pay
Benchmarking and Labor Forecasting. The new offerings will help HR
and business leaders make more informed compensation decisions and
enhance workforce planning.
Businesses today face a myriad of challenges, including managing
labor demands, ensuring pay equity, and retaining top talent, all
while striving to scale efficiently. Arming leaders with
data-driven analytics empowers them to optimize key business
decisions that unlock efficiencies, improve customer service and
foster greater employee engagement.
By leveraging Pay Benchmarking, leaders can optimize
compensation strategies and pay decisions based on industry
standards and market data. In partnership with Visier, Paycor is
providing regularly refreshed salary data for approximately 10
million jobs across the U.S. to give leaders greater confidence
employees are being paid fairly and new offers are being extended
at competitive rates.
Additionally, with Labor Forecasting, businesses can create
optimal staffing schedules based on key demand drivers such as
revenue, sales volume or customer traffic. This new solution
meaningfully improves leader's ability to efficiently manage their
staffing levels while providing customers with the best service
possible.
"In today's fast-paced and competitive environment, HR leaders
must make critical decisions about workforce pay and schedules
quickly," said Ryan Bergstrom, Chief
Product and Technology Officer at Paycor. "By regularly
benchmarking compensation and leveraging demand drivers, leaders
can adjust workforce plans and pay structures to engage and retain
employees while delighting clients. These offerings not only allow
us to continue to meet the evolving needs of our clients, but also
empower leaders to optimize business decisions and growth
potential."
Labor Forecasting and Pay Benchmarking will be available to
all customers in Spring 2024.
About Paycor
Paycor's human capital management (HCM)
platform modernizes every aspect of people management, from
recruiting, onboarding, and payroll to career development and
retention, but what really sets us apart is our focus on leaders.
For more than 30 years, we've been listening to and partnering with
leaders, so we know what they need; a unified HR platform, easy
integration with third party apps, powerful analytics, talent
development tools, and configurable technology that supports
specific industry needs. That's why more than 30,000 customers
trust Paycor to help them solve problems and achieve their goals.
Learn more at paycor.com.
Paycor Media Relations:
Carly Pennekamp
513-954-7282
PR@paycor.com
Paycor Investor Relations:
Rachel White
513-954-7388
IR@paycor.com
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SOURCE Paycor