Paycor Releases Latest Product Enhancements Designed to Improve HR Efficiency

New Perform HR Solution Helps Companies Optimize Employee Development Opportunities

CINCINNATI, OH-(Marketwired Jun 2, 2015) - Paycor, providing companies with intuitive, cloud-based onboarding, HR, payroll and timekeeping software, today announced details of its latest product update for Q2 2015, which includes the first-time availability of Perform HR, Paycor's next-generation solution for human capital management.

Providing employee development opportunities is a critical component of talent retention. Built on the existing Paycor Perform platform, Perform HR simplifies the administrative tasks associated with learning and development by enabling employees and administrators to use one system to track employee goals, courses, continuing education credits and certifications. Employees also can display their progress by building an online profile that includes a bio, picture and a list of their skills and accomplishments.

In addition to the release of Perform HR, the most recent enhancements to Paycor's suite of HR and payroll solutions reflect the input and feedback from its clients, whose experiences help the company deliver new capabilities and functionality to further improve its award-winning technology. With this product update release, Paycor continues to refine its simple, easy-to-use tools on which clients rely to manage the entire employee lifecycle.

The latest enhancements to Paycor's products include:
* Automated 401(k) Solution: Helping employees build a plan for retirement is an excellent way to attract and retain top talent. With Paycor's new 360-degree 401(k) service, employee 401(k) elections update automatically in payroll, and Paycor transmits the required payroll information to the 401(k) provider without the need for manual intervention. The result is more accurate information with less administrative effort.
* ACA Compliance Assistance: Paycor's new ACA IRS Filing Service helps companies generate and file the 1094-C and 1095-C reports that are required by the Affordable Care Act. In addition, the company has improved the ACA Affordability report to help businesses better understand the safe harbor methods available to them.
* E-Signatures for Onboarding Documents: Preparing employees for their first day of work can be a time-consuming process. Paycor now offers electronic document signatures for any document, from employee handbooks to important company policies and procedures. As a result, administrative burden is reduced while new employees have less paperwork on their first day, enabling them to become productive much sooner.
* Unified Biometric Punching: Employees now can use Paycor's PT100F series clocks to scan their fingerprints at one location and then punch in or out at any other connected clock. The automated feed into the payroll system simplifies the sharing of information and eliminates potential mistakes.

"There is a reason why more than 27,000 companies trust us to handle their HR and payroll needs -- we keep our products simple and intuitive," said Jennifer Langer, senior vice president of Product Management. "This quarter's product releases and updates are no different. We looked for ways to not only improve the functionality of the tools but also the value the technology delivers to our customers so that they can be more strategic with their people investments."