What is our primary use case?
We decided to implement Paycom as a brand new HRIS system for full employee life cycle support. The biggest introduction at first was for payroll, but we also used it for onboarding, talent acquisition, performance management, and personnel file management, really for the full life cycle.
We used Paycom for performance management as an example. If an employee was working with their manager, for instance for a written warning for missing or not meeting performance expectations, we would add a note to their file through the performance management system which was customizable. You could have verbal warnings, written warnings, or whatever the performance management philosophy was within your organization. We would start with coaching or a verbal warning first, and that would progress to a first written warning, second written warning, and so on.
We also used Paycom heavily for payroll processing, supporting hourly and exempt employees, and processed a bi-weekly payroll for it, creating separate data files for the different employee populations to process payroll.
How has it helped my organization?
Paycom really helped the company grow tremendously. When I first joined the organization, the company was under 100 employees and they were using many separate software solutions and paper, including hard copies, to process payroll, keep track of 401k, and conduct talent acquisition. Having everything on one system made for a seamless experience. It also created a process where managers could be easily involved in the day-to-day needs of the employees, making it a self-service tool, which eased the administrative burden for the leadership team and HR team.
Time was saved, especially looking at the talent acquisition process. Before using Paycom, the company would use several separate platforms to post directly on job boards. When we transitioned to Paycom, it was a really seamless process. We would set up the system so that it could automatically post to different career pages and then track the metrics. We reduced the time to hire from four months to 45 days on average, enabling us to place candidates much faster, create a more pleasant onboarding experience, and because it was such an easy, seamless process, we increased the offer to acceptance ratio to 95%.
What is most valuable?
Paycom is such a customizable platform that you can really create and tailor it to meet your organizational needs. For example, if you have a compensation philosophy that's unique to your organization or might be different from another organization, you can really tailor it to meet your business needs and work closely with their customer service team to set it up in the way that makes sense for your organization.
The big takeaway is that Paycom is very customizable, so for organizations that might be growing and scaling, and that may change in terms of how they use the platform over time, the platform can really evolve with you as the organization changes and evolves.
What needs improvement?
Paycom could be improved in a few ways. It is almost too customizable. When we were using the platform, if somebody is not very good at working with technology, it could be a little bit overwhelming for setup. Simplifying some of the back-end processes to make it a little bit more intuitive would make a really big difference. It is also very time-consuming to set up the system, so if someone is looking to set up a system very quickly within one month, it would be incredibly overwhelming. It would be beneficial to simplify the setup process so that a company could be using it much faster.
For how long have I used the solution?
I used Paycom for about two and a half to three years.
What do I think about the stability of the solution?
I never experienced any issues in terms of accuracy or reliability when using Paycom. It was always consistent in storing personnel files and keeping them up to date, and I witnessed no issues.
How was the initial setup?
We had a dedicated account manager that was really helpful for the customization process, which was very time-consuming, with a lot of setup involved. We required regular meetings, at least weekly for a couple of hours for the setup process. Once we went through customizations, the platform was really user-friendly and ready to go. We could also work with that account manager at any time if we wanted to do further build-outs or tailor the platform differently in the future.
What other advice do I have?
I rate Paycom an 8 because it is a very strong system with a lot of capabilities that are evolving, and many companies are going through various periods of growth, so it is a great software that you could use for a long period of time depending on the needs of the organization. Many companies are aiming to scale and grow in a strategic manner, and Paycom is a software that can help them do that very successfully.
I cannot comment very much on Paycom's governance and security, as when I was using it, it was during a time when AI was not as popular. I was using the system back in 2016 when AI was not so heavily integrated, and while they certainly had processes and policies in place, AI was not front and center.
I advise others looking into using Paycom to make sure that they have the time available to invest in building out the HRIS system, as it is a great system but requires a time investment. It is very time-consuming to build it out and customize it to meet the organization's needs, and it depends heavily on the team they have available to build out and customize the system. Depending on what their internal HR department looks like, if they have a dedicated HRIS person or dedicated payroll person, it would be difficult to do it without having one or more than one person available if it needed to be done in a time crunch. My overall rating for Paycom is 8 out of 10.
Which deployment model are you using for this solution?
Private Cloud
If public cloud, private cloud, or hybrid cloud, which cloud provider do you use?
Disclosure: My company does not have a business relationship with this vendor other than being a customer.