Paycor HCM, Inc. a leading provider of human capital management (HCM) software, announced new HR functionality enabling leaders to better manage their complete workforce, including independent contractors, seasonal workers, volunteers and more. With this cutting-edge addition, Paycor empowers its customers to efficiently manage individuals, regardless of who initiates their paycheck. By consolidating the complete workforce within a single platform, leaders can seamlessly handle billing, generate workforce rosters, and enhance team engagement.
In today’s dynamic market, there’s a surging demand for non-traditional work arrangements. This growing category of workers has become increasingly common in many key industries, and includes nurses, contractors, temporary employees, seasonal workers, and volunteers. In fact, according to McKinsey’s American Opportunity Survey, 36% of respondents, or 58 million Americans, are independent contractors, an increase of 9% from seven years ago. Non-traditional employees are typically managed through agencies that directly pay workers and subsequently bill the employer. With this new functionality, Paycor is streamlining processes for leaders to effectively manage their entire staff.
“Paycor is focused on making the management of workers more efficient so leaders can focus on key elements that drive business performance and employee development,” said Ryan Bergstrom, Chief Product Officer at Paycor. “Paycor customers will be able to easily manage their complete workforce from hire to retirement, receiving greater insights and allowing for more accurate reporting and billing. As a flexible HCM provider, we are committed to accommodating all types of workers that our customers leverage in an ever-evolving workforce.”
Whether overseeing operations or maintaining compliance-related records via a comprehensive Forms and Document library, Paycor has enhanced its HCM suite to provide comprehensive support for all worker types, enabling customers to gain a holistic view of all workers within their organization.
Explore HRtech News for the latest Tech Trends in Human Resources Technology