Paycor Launches Paycor Engage, Further Enhancing How Leaders Engage Modern Workforces

Rhea-AI Summary

Paycor HCM, Inc. (PYCR) has announced the release of Paycor Engage, a new employee engagement solution that empowers leaders with an advanced one-stop-shop to share company news, communicate with teams, and recognize employees across mobile and web. The solution aims to elevate transparency, celebration, and foster inclusivity within teams, with the goal of reducing turnover and driving success in revenue, productivity, and customer satisfaction.

Positive

• Paycor's new employee engagement solution, Paycor Engage, aims to elevate transparency, celebration, and foster inclusivity within teams, which can lead to a 40% reduction in turnover.
• Highly engaged teams are known to drive success by any measure, be it revenue, productivity, or customer satisfaction.

Negative

• The press release does not provide specific data or statistics to support the claims made about the impact of Paycor Engage on employee engagement and business success.

New solution streamlines several employee engagement tools into one integrated solution to elevate how leaders communicate with and motivate their teams

CINCINNATI, Aug. 1, 2023 /PRNewswire/ -- Paycor HCM, Inc. ("Paycor") (Nasdaq: PYCR), a leading provider of human capital management (HCM) software, today announced the release of Paycor Engage, a new employee engagement solution that will elevate how leaders communicate with and motivate their teams. The latest solution empowers leaders with an advanced one-stop-shop to share company news, communicate with teams and recognize employees across mobile and web. Paycor Engage will also enable social collaboration for cross-functional groups across the organization. 

Engagement is the top driving factor of business efficiency, and organizational leaders outfitted with the right tools to inspire loyalty and active participation from employees are critical in today's workforce. Highly engaged teams experience a 40% reduction in turnover on average. As culture and employee engagement are undeniably influenced by frontline managers, engagement through Paycor Engage will elevate transparency, celebration and foster inclusivity within teams. Companies with engaged employees drive success by any measure, be it revenue, productivity, or customer satisfaction.

"With employee retention continuing to remain a top concern among businesses, it is essential for leaders to ensure their employees feel engaged and valued. In fact, a recent study from Recruiter.com found that 82% of Americans feel underappreciated at work and, according to Deloitte, recognition is highly correlated with improving employee engagement " said Ryan Bergstrom, Chief Product Officer at Paycor. "By streamlining critical information to our teams in an easy to consume, mobile first design for easy collaboration, employees are able to interact with each other and business leaders, taking company communications to the next level."

To learn more about all the features available through Paycor Engage, click here.

About Paycor
Paycor's human capital management (HCM) platform modernizes every aspect of people management, from recruiting, onboarding, and payroll to career development and retention, but what really sets us apart is our focus on leaders. For more than 30 years, we've been listening to and partnering with leaders, so we know what they need; a unified HR platform, easy integration with third party apps, powerful analytics, talent development tools, and configurable technology that supports specific industry needs. That's why more than 30,000 customers trust Paycor to help them solve problems and achieve their goals. Learn more at paycor.com.

Paycor Media Relations:
Carly Pennekamp
513-954-7282
PR@paycor.com

Paycor Investor Relations:
Rachel White
513-954-7388
IR@paycor.com

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SOURCE Paycor

FAQ

What is the new employee engagement solution announced by Paycor HCM, Inc. (PYCR)?

Paycor HCM, Inc. (PYCR) has announced the release of Paycor Engage, a new employee engagement solution that aims to elevate how leaders communicate with and motivate their teams.

How does Paycor Engage empower leaders?

Paycor Engage empowers leaders with an advanced one-stop-shop to share company news, communicate with teams, and recognize employees across mobile and web.

What are the benefits of highly engaged teams?

Highly engaged teams drive success by any measure, be it revenue, productivity, or customer satisfaction.

What is the goal of Paycor Engage?

The goal of Paycor Engage is to elevate transparency, celebration, and foster inclusivity within teams, with the aim of reducing turnover and driving success in revenue, productivity, and customer satisfaction.