Employee self-service software isn’t for basic communication with HR and viewing paystubs. True, most options have that functionality, but that barely scratches the surface of the right tech’s full capability.
For example, take Paycom and Beti®, the software’s easy-to-use experience that empowers employees to do their own payroll. Nucleus Research found small and midsize companies that implemented Paycom and Beti enjoyed:
- 80% to 100% less payroll corrections
- over a 90% cut in payroll-processing time
- up to 100% employee usage of their HR tech
The positive effect of Paycom and Beti also helped Nucleus identify what companies lose without easy-to-use HR software. The institute found, on average, payroll administrators using unautomated systems spent eight hours per 100 employees reconciling errors each pay period.
What kind of companies did Nucleus study?
Nucleus interviewed Paycom clients across three industries (the composite organization), including:
- food service
- health care
- real estate
One organization even employed as many as 1,150 people. All of these sectors have the potential to employ hourly, salaried, part-time, full-time and seasonal workers.
What were the typical benefits of Paycom and Beti?
With Paycom and Beti, Nucleus found the composite organization benefited from:
- reduced errors
- increased payroll productivity
- improved employee engagement
A leader with a restaurant group Nucleus interviewed claimed Paycom’s automated payroll tech took “days” off the process. And an HR leader with a health care organization said Beti was great for mitigating payroll issues before submission.
Paycom excels by placing HR data where it always belonged: in employees’ hands. The software does more than let employees check a box or view limited info about their pay, benefits, time off and more. Instead, it empowers them (not HR) to enter and manage their data.
This doesn’t eliminate or minimize the need for HR professionals. Rather, it offloads the tedious aspects of their roles so they can focus on enhancing life for their people — not juggling unnecessary tasks.
Across all three industries, Nucleus found Paycom engaged employees with their payroll and gave HR professionals the freedom to invest more time into value-adding initiatives.