Paycor Unveils Innovative Features to Redefine Time-Off Management
Rhea-AI Summary
Paycor HCM, Inc. (Nasdaq: PYCR) has unveiled innovative features to transform time-off management for the modern workforce. The new additions to Paycor's HCM platform aim to streamline operations through automation, real-time visibility, and proactive controls. Key benefits include:
1. Better Insights & Visibility: Seamless integration of time-off requests with scheduling, providing real-time visibility and enhanced productivity.
2. Faster Communication and Approvals: Time Off Advisor offers peak time visibility, automatic request approvals, and on-the-go management for leaders.
3. Prevent Burn-out: Paycor Paths provides training to recognize and prevent burnout, with easy access to time-off balances and requests.
These enhancements have earned Paycor several accolades, including awards from Brandon Hall Group and Titan Business Awards.
Positive
- Introduction of innovative time-off management features to enhance efficiency and employee well-being
- Seamless integration of time-off requests with scheduling for improved productivity
- Implementation of automatic approval systems and on-the-go management for faster communication
- Addition of burnout prevention tools and training through Paycor Paths
- Recognition through multiple industry awards for the new features
Negative
- None.
News Market Reaction
On the day this news was published, PYCR gained 1.07%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
CINCINNATI, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Paycor HCM, Inc. (Nasdaq: PYCR) (“Paycor”), a leading provider of human capital management (HCM) software, today announced a suite of innovative features designed to transform time-off management for the modern workforce. These cutting-edge additions to Paycor’s HCM platform streamline time-off operations through automation, real-time visibility and proactive controls to drive efficiency and promote employee well-being.
“It’s so important for workers to feel in control of their time, and Paycor’s new time-off features help leaders address this pain point,” said Ryan Bergstrom, Chief Product & Technology Officer at Paycor. “Our new experience helps workers unplug, empowers employees and leaders to take control of time-off management, reduces stress, and ensures smooth operations. We're proud to offer flexible solutions that not only meet the needs of today's workforce but also set a new standard for the future of work."
Key benefits include:
Better Insights & Visibility to Help Leaders Make Decisions
Paycor now offers seamless integration of time-off requests with scheduling, providing leaders with real-time visibility of these requests while building schedules. This feature allows for enhanced productivity and coordination through comprehensive visibility into time-off schedules for employees and leaders. Seamless integration across our ecosystem through APIs and data streams, including automatic syncing to cloud-based calendars, ensures accurate and up-to-date information.
Faster Communication and Approvals
Time Off Advisor provides employees with peak time visibility through blackout dates and balance forecasting, enabling better planning and communication with managers for time-off planning. Within this module, leaders can establish predefined criteria for automatically approving or denying time off requests. Additionally, managers can conveniently manage approvals on-the-go through preferred methods, such as the mobile app or email.
Prevent Burn-out and Encourage Time Away
Paycor Paths offers bite-sized training to empower leaders to recognize and prevent causes of burnout while easily accessing time-off balances and requests to identify potentially at-risk employees via the COR Leadership Dashboard.
Paycor has received several accolades for these enhancements, including “Best Advance in Time” and “Best Advancement in Online Coaching Tools” from Brandon Hall Group and “Business Intelligence Solution” from Titan Business Awards.
To learn more about how our time experience can streamline operations and provide flexibility to your workforce, visit Paycor Time & Attendance.
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.
Media Relations:
Carly Pennekamp
513-954-7282
PR@paycor.com
Investor Relations:
Rachel White
513-954-7388
IR@paycor.com
FAQ
What new features has Paycor (PYCR) introduced for time-off management?
How does Paycor's (PYCR) new time-off management system improve visibility for leaders?
What awards has Paycor (PYCR) received for its new time-off management features?
How does Paycor (PYCR) address employee burnout with its new features?
