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Financial Institutions

For years, firms have spent time and resources fighting red tape and unpredictable markets. It’s time to focus on growth and overcoming HR challenges that hold you back.

Paycom has the tools you need to recruit and retain top talent, build a reputation of trust, and further your organization.

Financial Institutions Infographic

Challenge 1: Competition for Top Talent

With just 1 in 10 MBA graduates choosing a career in financial services, the industry faces a talent shortage that can negatively impact performance. Focusing on employee engagement can help financial institutions attract and keep the top talent they need to drive growth.

With Paycom, you can...

  • streamline the hiring and onboarding processes
  • easily match compensation with performance
  • provide ongoing professional development opportunities
  • create performance goals and benchmarks to illustrate advancement paths
  • offer flexible scheduling options

Challenge 2: Increased Regulation

The financial sector is currently one of the most heavily regulated industries in the U.S. For some institutions, complying with mounting legislation can mean compromising relationship lending and incurring increased labor costs. This makes competing in a tough market even more difficult.

We can help you streamline human resource processes, control labor costs and mitigate compliance risks to cut costs and improve operational efficiencies from an HR standpoint.

Paycom makes it easy to...

  • run background checks and E-Verify® with the click of a button
  • store I-9, FMLA, OSHA, workers’ comp, EEOC and COBRA information
  • comply with all ACA requirements
  • save time, save money and reduce errors with automated benefits administration tools

Challenge 3: Rising Costs of Benefits

The right culture can help any financial organization effectively serve the needs of their customer base, improve customer loyalty, gain stakeholder trust and maintain risk awareness.

Paycom’s payroll and HR technology allows you to implement and sustain companywide culture initiatives that contribute to organizational growth, transparency and success.

Paycom can help you...

  • train your workforce to be risk-aware and communicative about dubious practices or behavior
  • communicate whistle blower protections and reporting procedures
  • ensure that employee compensation is aligned with responsible remuneration goal
  • customize performance reviews to include culture-related competencies
Customize your solution

No matter your role or industry, we have the payroll and HR tools you need.

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Talent Acquisition

Efficiently find, hire and onboard the talent you need to drive peak business performance.

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Time and Labor Management

Match labor to demand and give employees the work-life balance they want.

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Go with a payroll provider who can help pay your people accurately and on time.

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Talent Management

Develop committed employees who dive into their work and do great things for your business.

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HR Management

Build a better employee experience by automating core HR tasks and focusing on your people.

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Find out how switching to Paycom made an impact for this financial institution.

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