Paycor launches its latest platform, Paycor Analytics

Human Capital Management (HCM) company Paycor has recently announced the debut of Paycor Analytics, powered by Visier, the people analytics, and planning company. Paycor Analytics provides Human Resources (HR) leaders with high-impact, easily consumable real-time data insights for more informed reporting on the organization’s workforce. By transforming complex data into trends, predictions and powerful benchmarking, Paycor Analytics enables HR leaders to easily observe patterns, pinpoint problem areas and take actions that will directly impact the organization.

Increasingly, HR leaders are being asked to guide business decisions around recruitment, labor costs, turnover and more. Yet, according to Paycor’s Finance’s Guide to the HR Center of Excellence, 66 percent of CFOs say their HR departments have an “average or worse than average” impact on the organization’s bottom line. The HR department is sitting on a goldmine of data, but it often lacks the support, resources, and budget needed to make sense of workforce data.  

Paycor Analytics enables HR departments to transform complex workforce data into simple and digestible visualizations to gain insight into their organizations. In addition, this tool enables HR leaders to informatively answer important workforce questions from stakeholders including workforce costs and how they’re changing, the risk of critical talent resignations and suggested retention strategies, how to reach diversity goals and many more. 

Paycor Analytics Key Features:

• Data Transformation: Answer the right questions about your workforce by transforming complex data into clear, direct answers.
• Data Integrity: Display the calculation and methodology behind the output in clear, easy-to-understand language, eliminating potential errors and improving HR leader confidence and leadership trust.
• Organizational Impact: Operationalize your data to provide interesting moments that will directly impact your organization.
• Competitive Advantage: Provides deep benchmarking capabilities, which allows for a look at how the business is stacking up against the competition today and where they need to be tomorrow. By leveraging EEOC government data, robust data sets are delivered that can be filtered and sorted across a host of parameters like industry, size and more. 

“At Paycor, we’re dedicated to delivering best-in-class HR solutions that enable SMB leaders to directly impact the bottom line,” said Ryan Bergstrom, Chief Product Officer at Paycor. “By partnering with Visier, we’re bringing enterprise-class infrastructure to Paycor Analytics and providing a robust solution that enables data insights tailored to HR, benchmarking, predictive analytics and more, and exceeding any other solution on the market.”

“Partnering with Paycor means Visier’s powerful analytics can now be utilized by even more businesses, which is taking one more step forward in making data-driven decision making the standard practice across all HR departments,” said John Schwarz, CEO of Visier. “We fundamentally believe in the value analytics brings to business partners of all sizes, and Paycor echoes that belief with their best-in-class HR solution. Together, we deliver real and measurable impacts to the bottom line.”

“People analytics is now the fastest growing domain in HR,” said Josh Bersin, a global industry analyst. “Solutions like Paycor Analytics bring the power of analytics to smaller organizations with very easy-to-use tools that can quickly enhance the value of workforce data.” 

SOURCE Paycor

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