Employee management can become stressful when simultaneously handling payroll, benefits, compliance, and workforce planning. Human resources teams often get bogged down with administrative work, which stands in the way of efforts to drive business growth directly.
Paycom, a leading provider of comprehensive, cloud-based human capital management software, makes it easy with cloud-based software that streamlines everything into one system so business leaders can focus on what matters most: building a stronger workforce.
Here's how Paycom makes employee management easier:
1. Reducing HR Complexities with a Truly Single Software
Using multiple HR systems can lead to mistakes and wasted time. Paycom fixes this by combining payroll, benefits and workforce management with a truly single software. This ensures everything works together smoothly and helps reduce errors.
HR managers can handle time-off requests, scheduling, and approvals using Paycom's mobile app. Paycom's GONE® feature automates time-off decision-making, removing the administrative burden of managing request approvals and meeting scheduling needs.
A Total Economic Impact™ study from Forrester Consulting found that GONE helped HR teams shift their focus from administrative tasks to strategic goals, such as boosting employee engagement. Automating time-off management enabled organizations to achieve measurable efficiency gains, including:
- Managers saved nearly 30 hours per year, eliminating manual time-off approvals and saving $75,000 in labor costs over three years.
- HR, finance, and administrative staff saved up to 192 hours annually, leading to $20,000 in savings over three years.
- Automating time-off requests prevented up to 240 overtime hours per year, reducing overtime wages by $23,000 over three years.
A single software system streamlines these processes, helping businesses eliminate inefficiencies, cut costs, and enhance workforce management.
2. Giving Employees More Control Over Their Information
Employees expect transparency when it comes to payroll, benefits, and performance management. Beti®, Paycom's automated payroll experience, empowers employees to track their hours and manage expenses, identifies payroll errors, and guides employees in fixing them before submission. This gives employees more insight, builds trust, and reduces the number of routine questions HR teams get about pay and benefits.
Through Paycom's Employee Self-Service® software, employees can manage their data 24/7, empowering employees to onboard, clock in and out, complete surveys, training and performance reviews, access benefits and much more.
This builds trust by giving employees instant access to the information they need. When they can manage their own HR tasks, they feel more engaged and in control. Plus, it takes the pressure off HR teams, who no longer have to answer every routine question about pay or benefits.
3. Strengthening Workforce Planning with Position Management
Workforce planning is often reactive, with businesses rushing to fill gaps. Paycom's position management software keeps HR teams organized by defining job titles, responsibilities, and salary ranges upfront. Businesses ensure consistency and efficiency by linking job details—like pay, benefits, and schedules—to positions instead of individuals.
With position management automation, businesses can take a more structured approach to workforce planning. For instance, compensation budgeting becomes much more manageable when salary ranges are set for specific positions instead of negotiated individually. Paycom's software links key elements like pay, benefits, and time-off accruals directly to positions, keeping everything accurate and consistent.
The software also brings clarity to reporting structures, helping everyone understand their direct reports. Data flowing seamlessly across HR processes enables businesses to stay ahead of staffing needs, automatically generate job descriptions, and enhance compensation planning. This helps companies allocate resources more effectively and align workforce planning with long-term goals.
4. Improving ROI Through Automation
HR inefficiencies can cost businesses a lot. Manual data entry, payroll mistakes, and compliance issues can lead to big financial losses. Paycom helps by automating key HR tasks and cutting out unnecessary steps.
For example, GONE delivered up to 821% ROI over three years while optimizing time-off management, per a commissioned study conducted by Forrester Consulting on behalf of Paycom. It ensures consistent approvals, reducing scheduling conflicts and staffing shortages.
Effective employee management requires more than a disjointed collection of tools; it needs a system that cuts inefficiencies and supports compliance. Paycom helps businesses streamline HR tasks, improve employee satisfaction, and reduce risks. By automating processes, Paycom lets HR focus on building an engaged workforce that drives success.
