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Compensation Planning Software
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Compensation Planning Software

Automate Your Compensation Strategy

Seamlessly plan and execute pay increases, bonuses and rewards across your organization. Speak to a representative today, call 855-565-3291.

More than 40,000 businesses nationwide trust Paycor*

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4.4/5 (2,762 Reviews)

Paycor provides more services than just payroll. We have the HR feature, the time keeping feature, reports, there’s so many different things that Paycor can offer.


HR Manager

Cincinnati Bengals

With Paycor’s onboarding solution, adding new hires takes me very little time. I also love that you can store documents online.


Director of Brand Development

Goo Goo Cluster

The overall experience is good as the program fulfills its purpose well, making life easier for companies that need payroll software.



MANNA Foodbank

Working with Paycor has cut our payroll processing time down from almost a full day to one hour. We also have more visibility.


Marketing Director

Hospital & Health Care

Paycor is more than just a time-keeping software. Employees can put in their hours and PTO requests, and can see their pay stubs and benefits.


Hospital Administrator

Hospital & Health Care

The software is rapidly updated with changes of times such as setting up new earnings codes for COVID related leaves. Easy to use.


Financial Assistant

Non-Profit Organization

This Is the Key to an Effective Compensation Plan

Paycor Compensation Planning empowers HR Leaders and their managers by removing the heavy burden of administering, tracking and executing compensation plans and events. With a single source of truth to manage compensation, you’ll never have to rely on spreadsheets or enter data in multiple places. And because compensation is essential to retain and attract talent, we’ve added automated workflows and guided support tools to help you make more informed decisions about your pay practices while ensuring that salaries, bonuses and employee rewards are equitable and competitive.

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Workflows + Notifications —

Automated workflows and notifications via mobile or desktop allow you to execute your compensation plans anywhere, anytime.

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Mitigate Risk —

Compensation Planning + our robust People Analytics tool help monitor pay equity while analyzing compensation trends.

Pay Benchmarking —

Make the most of your labor budget and retain top talent with competitive pay.

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Bulk Updates —

Update pay rates for cost-of-living adjustments for multiple employees at once, or recognize workers with an off-cycle raise.

Build Strategic Compensation Programs

See how Paycor automates compensation management so leaders can focus on developing compensation strategies to attract new talent and reward employees.

Take Planning to the Next Level

When it comes to managing compensation, there’s no one-size-fits-all strategy. With so many types of awards and pay options to recruit and reward employees, HR leaders need a solution that offers customization and flexibility.

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Complete Customization —

Create rules by department, hire date or employee, assigning future dates to reward your people.

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Powerful Insights —

Drill down into specific roles, departments or locations so you can collaborate with managers about pay increases and bonus management.

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Full Visibility —

Create “what-if” scenarios and view compa-ratios to see the impact and distribution across the team before committing to pay increases.

Configured for Your Industry


Recruit and hire skilled nurses, dynamically schedule staff, and boost engagement and retention with Paycor’s configurable software.


Recruit skilled labor, optimize coverage, and track and analyze labor costs with Paycor’s configurable software.


Speed up the recruiting process with same day hire, streamline with custom hiring workflows, offer workers OnDemand Pay and self-service on an award-winning mobile app.

Professional Services

Save time with a unified, mobile-first experience intuitively designed for leaders and gain deeper insights about your business with powerful analytics.

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Maintain compliance, pay adjuncts and staff accurately and on time, schedule staff at multiple campuses, recruit qualified talents, and get up to speed faster with our industry-skilled implementation.


Recruit, onboard, pay, and schedule workers in a mobile-first environment. The last thing retailers need is a generic solution. That’s why leading retailers partner with Paycor.


Pay employees accurately and on-time in a heavily regulated tax environment. Overcome staff shortages, maintain tax compliance, and help tie operations to grant funding.

Professional Services

The Most Flexible Compensation Planning Tool

Get out of the weeds of admin and recordkeeping—once and for all — with Paycor’s compensation management software tool. When compensation professionals and HR leaders automate bonuses, merit increases and other awards in one system, it takes the complexity out of compensation planning. As a result, you can focus on building effective compensation programs that help drive recruiting and retention, eliminating workforce challenges like high turnover and missing out on top talent.

Future Effective Dating

Streamline Compensation Events

Compensation Planning allows you to automate events and collaborate directly with managers to eliminate the hassle of rewarding employees.

Auto Calculate What If Scenario

Eliminate Manual Work

With fully unified compensation planning software, you can manage and execute compensation events, removing manual entry and reducing errors.

Differentiate By Performance

Protect Your Organization

By providing you tools to see pay across different attributes, you can better analyze real-time data to ensure fair pay practices.

Compensation Planning Solution Trusted By Users & Third-Party Evaluators

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Should You Implement 360 Feedback in Your Workplace?

Pandemic Response

Drive Increased Employee Retention by Utilizing Compensation Planning

View our on-demand webinar to see how you can create a compensation strategy that can reduce turnover.


Compensation Planning FAQs

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Pay and Compensation play a critical role in employee retention and recruitment. Watch our on-demand webinar that covers the topic.

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If you need to terminate an employee, be sure you follow proper protocol. Get a FREE checklist here, to ensure it’s managed properly.

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Generational diversity offers opportunity for education, mentoring and camaraderie. Read Paycor’s tips on how to create generational advocates.

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What HR Leaders Need to Know About Compensation Planning

Compensation planning is not only important for managing your budget, but it could also be the secret sauce for attracting and retaining top talent.

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How HR Software Can Boost Your Compensation Strategy

If organizations don’t have a strong compensation strategy in place, they’ll lose the ability to motivate employees. See how HR software helps fight the battle!

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See Plans + Pricing