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Paycor Hcm Inc's Business Segments
Paycor Hcm Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of FY
Reportable Segments
2
Largest Segment
Recurring fees
Total Revenue
$ 180
Regions Reported
-
Revenue Share by Reportable Segment - FY
- Recurring fees90.4%
- Implementation services and other2.4%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Recurring fees | $ 163 | 90.4% |
| Implementation services and other | $ 4 | 2.4% |
Revenue by Product & Service Category - FY
- Recurring fees90.4%
- Service, Other2.4%
Revenue by Product & Service Category - FY
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Recurring fees | $ 163 | 90.4% |
| Service, Other | $ 4 | 2.4% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
Annual Results
Revenue Share by Reportable Segment - FY
- Recurring fees90.4%
- Implementation services and other2.4%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Recurring fees | $ 163 | 90.4% |
| Implementation services and other | $ 4 | 2.4% |
Description of Paycor Hcm Inc
We are a major provider of human capital management Software-as-a-Service ("SaaS") to small and medium-sized organizations. Our unified, cloud-native platform is designed to empower people leaders by generating actionable, real-time insights that drive workforce efficiency. Our complete solution package helps enterprises to streamline human capital management ("HCM") and payroll procedures, achieve regulatory compliance, and serve as a single, secure system of record for all employee data. Our extremely flexible, scalable, and extensible platform provides award-winning ease-of-use with an intuitive user experience and rich third-party connectors, all reinforced by subject knowledge.
Paycor HCM Inc. is a prominent provider of human capital management (HCM) solutions designed to streamline HR processes and enhance workforce management. The company specializes in offering a comprehensive suite of services and products that cater to various aspects of human resources, payroll, and employee management. Below is an extensive description of the segments, products, and services offered by Paycor HCM Inc.
Segments of Paycor HCM
1. Payroll Processing:
- Core Payroll Services: Automating payroll calculations, tax withholdings, and payments to ensure accuracy and compliance.
- Payroll Tax Management: Handling federal, state, and local tax filings, including tax payments and form generation.
2. Human Resource Management:
- Recruitment and Applicant Tracking: Tools to streamline hiring processes, from job postings to applicant tracking.
- Onboarding Solutions: Comprehensive onboarding workflows to help new employees acclimate, including document management and training resources.
3. Time and Attendance:
- Timekeeping Solutions: Systems for tracking employee hours, managing schedules, and automating time-off requests.
- Labor Cost Management: Tools for analyzing labor costs and managing overtime to optimize workforce efficiency.
4. Benefits Administration:
- Enrollment Management: Solutions for managing employee benefits enrollment, including health insurance and retirement plans.
- Compliance Monitoring: Keeping track of benefits regulations to ensure companies remain compliant with changing laws.
5. Talent Management:
- Performance Management: Tools for setting goals, conducting performance reviews, and measuring employee productivity.
- Learning and Development: Platforms that facilitate employee training programs, skill development, and career growth initiatives.
6. Workforce Management:
- Scheduling Software: Tools designed for creating fair and efficient staffing schedules, taking employee availability into account.
- Attendance Tracking: Systems for monitoring employee attendance patterns and managing absenteeism.
Employee Self-Service:
- Self-Service Portals: Allowing employees to access pay stubs, tax forms, benefits information, and request time off independently.
8. Analytics and Reporting:
- HR Analytics: Providing insights into workforce data to aid decision-making and improve HR strategies.
- Custom Reporting: Tools that allow companies to generate tailored reports to assess various HR metrics.
Products and Services of Paycor HCM
- Paycor’s Payroll Software:
- An extensive cloud-based payroll platform ensuring real-time processing, with mobile access for convenience.
- HR Management System (HRMS):
- A centralized platform encompassing all HR functionalities, from hiring to retirement, with user-friendly dashboards.
- Applicant Tracking System (ATS):
- Facilitating recruitment through easy tracking of applications, resume parsing, and integration with job boards.
- Onboarding Software:
- Guided processes for new hires, including digital document submission and customized training plans.
- Time and Attendance Solutions:
- Biometric and web-based time clocks, mobile time-entry options, and sophisticated scheduling capabilities.
- Benefits Administration Tools:
- Systems to automate the lifecycle of employee benefits, enhance communication about available plans, and simplify enrollment processes.
- Performance Management Software:
- Solutions allowing for continuous feedback, goal tracking, and development planning for employees.
- Learning Management System (LMS):
- Integrated platforms offering on-demand training modules, course management, and tracking of employee skills.
- Employee Self-Service Portal:
- Comprehensive employee interface for managing personal data, pay information, and benefits selection.
- Data Analytics and Reporting Tools:
- Advanced reporting features for HR metrics, trends analysis, and customized dashboard views to help identify insights.
Specialized Solutions
- Industry-Specific Solutions:
Paycor tailors some of its products and services to meet the unique needs of specific industries, such as healthcare, education, manufacturing, and nonprofit organizations.
- Integration Capabilities:
The platforms ability to integrate with numerous third-party applications and services, enhancing its functionality and user experience.
- Mobile Applications:
Paycor provides mobile applications to ensure that both HR professionals and employees can access essential functions and information on-the-go.
Customer Support and Training
- Dedicated Support Teams:
Paycor offers customer support to provide assistance with payroll processing, software troubleshooting, and compliance queries.
- Training and Resources:
Various customer education resources, including webinars, training sessions, and documentation, help clients maximize the use of Paycor’s products.
Through its diverse range of segments, products, and services, Paycor HCM Inc. positions itself as a comprehensive solution for businesses aiming to enhance their human capital management practices and ensure streamlined HR operations.
Segments of Paycor HCM
1. Payroll Processing:
- Core Payroll Services: Automating payroll calculations, tax withholdings, and payments to ensure accuracy and compliance.
- Payroll Tax Management: Handling federal, state, and local tax filings, including tax payments and form generation.
2. Human Resource Management:
- Recruitment and Applicant Tracking: Tools to streamline hiring processes, from job postings to applicant tracking.
- Onboarding Solutions: Comprehensive onboarding workflows to help new employees acclimate, including document management and training resources.
3. Time and Attendance:
- Timekeeping Solutions: Systems for tracking employee hours, managing schedules, and automating time-off requests.
- Labor Cost Management: Tools for analyzing labor costs and managing overtime to optimize workforce efficiency.
4. Benefits Administration:
- Enrollment Management: Solutions for managing employee benefits enrollment, including health insurance and retirement plans.
- Compliance Monitoring: Keeping track of benefits regulations to ensure companies remain compliant with changing laws.
5. Talent Management:
- Performance Management: Tools for setting goals, conducting performance reviews, and measuring employee productivity.
- Learning and Development: Platforms that facilitate employee training programs, skill development, and career growth initiatives.
6. Workforce Management:
- Scheduling Software: Tools designed for creating fair and efficient staffing schedules, taking employee availability into account.
- Attendance Tracking: Systems for monitoring employee attendance patterns and managing absenteeism.
Employee Self-Service:
- Self-Service Portals: Allowing employees to access pay stubs, tax forms, benefits information, and request time off independently.
8. Analytics and Reporting:
- HR Analytics: Providing insights into workforce data to aid decision-making and improve HR strategies.
- Custom Reporting: Tools that allow companies to generate tailored reports to assess various HR metrics.
Products and Services of Paycor HCM
- Paycor’s Payroll Software:
- An extensive cloud-based payroll platform ensuring real-time processing, with mobile access for convenience.
- HR Management System (HRMS):
- A centralized platform encompassing all HR functionalities, from hiring to retirement, with user-friendly dashboards.
- Applicant Tracking System (ATS):
- Facilitating recruitment through easy tracking of applications, resume parsing, and integration with job boards.
- Onboarding Software:
- Guided processes for new hires, including digital document submission and customized training plans.
- Time and Attendance Solutions:
- Biometric and web-based time clocks, mobile time-entry options, and sophisticated scheduling capabilities.
- Benefits Administration Tools:
- Systems to automate the lifecycle of employee benefits, enhance communication about available plans, and simplify enrollment processes.
- Performance Management Software:
- Solutions allowing for continuous feedback, goal tracking, and development planning for employees.
- Learning Management System (LMS):
- Integrated platforms offering on-demand training modules, course management, and tracking of employee skills.
- Employee Self-Service Portal:
- Comprehensive employee interface for managing personal data, pay information, and benefits selection.
- Data Analytics and Reporting Tools:
- Advanced reporting features for HR metrics, trends analysis, and customized dashboard views to help identify insights.
Specialized Solutions
- Industry-Specific Solutions:
Paycor tailors some of its products and services to meet the unique needs of specific industries, such as healthcare, education, manufacturing, and nonprofit organizations.
- Integration Capabilities:
The platforms ability to integrate with numerous third-party applications and services, enhancing its functionality and user experience.
- Mobile Applications:
Paycor provides mobile applications to ensure that both HR professionals and employees can access essential functions and information on-the-go.
Customer Support and Training
- Dedicated Support Teams:
Paycor offers customer support to provide assistance with payroll processing, software troubleshooting, and compliance queries.
- Training and Resources:
Various customer education resources, including webinars, training sessions, and documentation, help clients maximize the use of Paycor’s products.
Through its diverse range of segments, products, and services, Paycor HCM Inc. positions itself as a comprehensive solution for businesses aiming to enhance their human capital management practices and ensure streamlined HR operations.