HR and Business Are Looking for Data Analytics and Insights

Stacey Browning, President of Paycor

Today our guest is Stacey Browning, President of Paycor.

Since 2001, Stacey has played an integral role in every aspect of Paycor’s operations. As president, she fosters collaboration across the business and ensures executional excellence in product development and service delivery.

Paycor is a trusted partner to more than 33,000 small and medium-sized businesses.Known for delivering modern, intuitive recruiting, HR and payroll solutions, Paycor partners with businesses to optimize their people management.

Paycor’s key areas of specialization include Payroll Management, Human Resources Solutions, Benefits Administration, Time & Attendance Solutions, Tax Filing & Compliance, Workers’​ Compensation and Employment Screening Service.

Recently Paycor announced Workforce Insights, a new data visualization solution that extracts rich and actionable insights from people data to bring valuable C-level and operational insights to key business stakeholders.

The interview is hosted by Alexey Mitkin, Founder, Publisher and Editor-in-Chief, The HR Tech Weekly® Online Media Co.

  1. Hi Stacey, and first of all thank you very much for this interview with The HR Tech Weekly®. Straight away, why you have developed Workforce Insights and how it will complement other Paycor products?

Our innovation is driven by uncovering ways to better serve our clients, and Workforce Insights is no exception. Last August we surveyed our clients about the features they wanted to see in future product releases. After reviewing more than 1,000 client responses, we found that the overwhelming majority were looking for data analytics and insights.

In addition to evaluating our client’s feedback, we also looked at industry trends that show HR professionals are striving to prove their strategic value to executives. One way we can help them is by organizing their key people data in a manner that helps with business execution.

For example, through the Workforce Insights overtime dashboard, information from our time platform is correlated to OSHA incidents reported on in our HR platform. Leaders can uncover safety thresholds exceeded by location, department or manager to home in on where a performance issue may be occurring.

  1. What key benefits and advantages does Workforce Insights have when compared with other tools on the market?

Most other tools on the market force standard charts and data visualization. Workforce Insights allows customers to view their data in the way that is most impactful for their unique business needs.

Another key differentiator is the one-click sharing functionality. Users can take their insights and share that information with the appropriate parties without having to import or export data. The custom reporting and one-click sharing allows users to not only have access to the data, but to make it meaningful and actionable.

  1. Why do you think small and medium-sized businesses need their own HR technology solutions?

Employees at small and medium-sized businesses (SMBs) are often forced to wear multiple hats, and sometimes that even means taking on responsibilities like payroll. HR technology solutions help relieve the administrative burden of payroll and benefits while ensuring reliability and security, while also protecting against the risk of compliance infractions.

What Paycor offers seems to be what’s desired most by SMBs – a platform or suite of functionality at the right per-employee-per-transaction and per-month price point that doesn’t require a customization. A solution that can be implemented and have value derived in three days to three months, and that can adapt with them as their organization grows.

  1. Paycor has run its operations since 1990. How have your clients needs during this period changed, and what is the secret sauce for long-term success?

Since 1990, the technological needs of our clients have changed dramatically. In 1990 computers were large and expensive, “the cloud” didn’t exist, and phones were connected to a landline or, for a select few, in a bag in your car. Since then, clients have had to react to the demands of their workforce; faster access from any device, and our products have had to evolve accordingly.

Our secret sauce for long-term success may be the only thing that has remained the same since 1990 – putting our clients first. We were founded because our CEO believed there was a better way to serve the needs of our clients, and it’s that passion that still drives us today.

  1. Achievements in big-time sports are based on grassroots sports. What can you recommend to HR Tech startups on how to get into the highest league?

The energy around new HR tech offerings through start-ups informs the entire industry. For some of these startups, success looks like being acquired into a larger company and human capital offering. For those wanting to progress into a higher league more independently, I recommend having an openness to partnerships and distribution options, and feedback to the offering itself. The best emerging technologies in HR are built and market-tested quickly.

  1. Since its founding, Paycor has grown to 1,460 people onboard. What do newbies need to know about the company in order to have a successful career with you?

First, excel at the job you are given, and then look for ways to take on more responsibility. It can be dangerous to be too eager to move to the next level without first nailing the task you are given. At the same time, becoming complacent doesn’t allow you to be a change agent in the organization.

To take on that next challenge and excel to the next level it is critically important that associates know and own their personal brand. Your personal brand is what people say about you when you leave the room. Think about the impression you want to leave, and make it.


If you want to share this interview the reference to Stacey BrowningPaycor and The HR Tech Weekly® is obligatory.

Paycor Workforce Insights

Paycor Workforce Insights

Paycor

Paycor Announces Workforce Insights to Provide HR Leaders with Deep Insights and Real-Time Analysis of Employee Data

New Data Visualization Solution Extracts Rich and Actionable Insights from People Data to Bring Valuable, C-Level Insights to Key Business Stakeholders

CINCINNATI – April 11, 2017 – Human Capital Management company Paycor today announced Workforce Insights, a new data visualization solution that extracts rich and actionable insights from people data to bring valuable C-level and operational insights to key business stakeholders. This new tool provides highly interactive dashboards that allow users to explore workforce issues and discover trends, so they can identify and solve business problems more quickly and effectively.

According to Bersin by Deloitte Research, there was a 120 percent growth in companies correlating people data to business performance in 2016. Merely mining HR data is no longer enough. It has become an operational business imperative for today’s organizations to extract actionable insights informed by data. Paycor’s Workforce Insights is a new, modern way for small to mid-sized businesses to meet this need.

Workforce Insights is a highly graphical and aggregated interactive data visualization solution that helps track and successfully manage business issues. This new solution instantly identifies key insights without having to import or export data, and provides actionable, results-driven charts detailing information compiled across HR, time, payroll, benefits, talent acquisition and onboarding data, so users can spend less time searching and more time focused on solving important business issues. Customers can easily tailor dashboards to fit their unique needs for a full view of their business. Users can take actions directly from the dashboards.

Paycor Workforce Insights

Key benefits of Workforce Insights include:

  • Identify actionable insights – Data from HR, time, payroll, benefits, talent acquisition and onboarding allows companies to identify issues, uncover correlating patterns and solve people problems such as performance issues by department or location.

Paycor is headquartered in Cincinnati, OH, but has sales representatives and offices across the country. To learn more about Workforce Insights and how Paycor can help your business, please visit https://resources.paycor.com/workforce-insights.

Availability

Workforce Insights will be generally available in May 2017. For pricing information, contact your Paycor sales representative or visit https://go.paycor.com/Contact-Sales.html.

Supporting Quotes

“We built Workforce Insights based on feedback from CEOs, CFOs and HR directors of small to mid-sized businesses across all industries,” said Zhen Tao, Chief Technology Officer of Paycor. “Workforce Insights provides HR and operational leaders with a holistic view of their people data and delivers valuable, actionable insights to key business stakeholders, further demonstrating the true value HR technology brings to the organization. This solution is a data revolution for companies looking to improve the way they understand their people data and use such insights to drive operational improvements.”

Supporting Resources

About Paycor

Paycor is a trusted partner to more than 31,000 small and medium-sized businesses. Known for delivering modern, intuitive recruiting, HR and payroll solutions, Paycor partners with businesses to optimize the management of their most valuable asset – their people. Paycor’s personalized support and user-friendly technology ensure that key business processes, including recruiting, onboarding, reporting, timekeeping, compliance and payroll, run smoothly. Paycor’s people operations solutions are recommended by today’s most innovative brokers, bankers, and CPAs. Learn how Paycor can transform your business by starting a conversation at http://www.paycor.com.

FOR MORE INFORMATION

Katy Bunn
kbunn@paycor.com
513.307.6392

MEDIA CONTACT

Tanaya Lukaszewski
paycor@kulesafaul.com
916.712.3791

HR Technologies Are Following the Social Landscape

Karen Crone - Chief Human Resources Officer @ Paycor, Inc. | The HR Tech Weekly®

Today our guest is Karen Crone, Chief HR Officer at Paycor – a leading provider of intuitive, cloud-based HR, payroll and timekeeping software.

Karen spent over 15 years in senior and C-suite positions in HR in leading companies such as Convergys Corporation, Kendle Corporation now INC Research, American Modern Insurance Group, and currently Paycor.

Paycor is a trusted partner to more than 33,000 small and medium-sized businesses. Known for delivering modern, intuitive recruiting, HR and payroll solutions, Paycor partners with businesses to optimize their people management.

Paycor’s key areas of specialization include Payroll Management, Human Resources Solutions, Benefits Administration, Time & Attendance Solutions, Tax Filing & Compliance, Workers’ Compensation and Employment Screening Service.

The interview is hosted by Alexey Mitkin, Founder, Publisher and Editor-in-Chief, The HR Tech Weekly® Online Media Co.

  1. Hi Karen, and first of all thank you very much for this interview with The HR Tech Weekly®. Recently you told us about HR predictions in terms of employee benefits in 2017. What do you think this year will bring to us in respect of HR technologies?

HR technologies are following the social landscape in many ways. For example, smartphones have become the human body’s external central nervous system. They relay information from every facet of our lives – news, entertainment, calendars, email, text messages, phone calls and so on. We have come to expect fingertip access to real-time information that integrates our personal and professional lives. From my perspective, mobility will continue to be the top trend. This is especially critical as the work itself becomes more fluid in terms of when, how, and where it’s completed. Mobility also supports the dynamic of collaborative and virtual teams that group, disband, and regroup as the work requires. HR technology must be mobile-friendly to be relevant.

Another trend is analytics and guided insights through dashboards and reports. For example, a young professional with a 401(k) does not just want to know her account balance, but also her performance relative to their peers. Is she saving more or less than peers? Is she using similar investment strategies? Lastly, she wants to know what to do to maximize her savings. The same concept applies to organizations. For example, employee retention data in the aggregate does not provide insights into critical talent segments like first year employees, top talent, or Millennials. You can take this further and look at industries, geographies, peer groups, and so on. HR technology must not just present data, but also interpret it, benchmark it and guide an outcome.

Lastly, as consumers, we appreciate curated products and services that match our interests. Amazon and Netflix are great examples. This same concept is shaping learning. We want to be served the highest impact content, in any format, which helps us close a learning gap. We also want that content to have our peer groups’ stamp of approval. For example, a sales person wants to be shown the best example of a product demo or the best script for overcoming objections. It must also be accessible on the smartphone or tablet, bringing HR technology full circle.

  1. You have extensive experience in managing Human Resources for over twenty years. How has HR management evolved since you started, and what are the tips for 21st century from your perspective?

HR management today is about keeping business leaders and managers tuned into the voice of employees and removing obstacles to their performance and development. Engagement at the grassroots level is critical to a healthy organization. You must cultivate candid, two-way communication – and really listen. Today’s business moves too swiftly and has too many complexities to rely on just the executive team for all the answers. That’s probably the biggest change – the power of the people, and the need to embed HR at the front-lines of the business. Your best ideas, your biggest innovations, and your efficiency ideas all reside at the grassroots, and HR can help surface them.

  1. It is a kind of standard to consider that Human Capital Management (HCM) solutions are designed mostly for the corporate business. How it’s important for small and medium businesses and why?

HCM solutions are even more important for SMBs. SMBs often run fairly lean, yet they face the same business challenges and to-do lists as larger companies, with fewer people to handle the load. HCM solutions create capacity by automating data collection, data analysis, work flows, reports and so on. For every task you automate or put at people’s desktop through employee or manager self-service, there’s more time to spend on the customer experience, new product ideas, recruiting top talent, or a host of similar business issues. HCM solutions create capacity for SMB leaders and their teams to work on the stuff they love – making a great business.

  1. What is the role of a Chief HR Officer (CHRO) and why it’s important for them to have a voice at the leadership table?

The primary role of the Chief HR Officer is to be the coach, counselor, sounding board, and voice of reason for the CEO and senior executive team when it comes to leadership team dynamics, the leadership of the executive’s team or function, and his or her personal development. Another role is to be the physician to the company’s organizational health and culture. It’s better and easier to practice preventative care than to address neglect. One example that illustrates this is an empty succession pipeline. It’s important for CHROs to have a voice at the table to keep people matters front and center in the context of business strategy. Businesses without a solid “people plan” are missing a leg of the stool. CHROs facilitate and guide that important, most often strategic, dialogue.

  1. Employee engagement is a hot point in HR discussions. Very often it seems that it’s mostly addressed to new hires (and new generations) while it’s important from “hire to retire”. Could you share some tips from your practice please?

At Paycor, we are more sophisticated in segmenting the workforce and in personalizing services. As an example, we learned that our 4-6 year tenured sales professionals were sliding in their connection to the company. No surprise there, as you noted in your question. In a high-growth company like Paycor, we focus significant energy on onboarding new associates. We started action planning at the segment level, which in this case resulted in a Chief Sales Officer roundtable, more career consulting, a HQ visit, product training, and so on. Segmenting by life events is another way to personalize engagement. For example, how can you make recognition of a baby or a wedding, or your response to a serious illness memorable? When you get personal, you strengthen the connection and ultimately engagement.

  1. What companies of all sizes should consider when evaluating HR technologies?

When evaluating HR technologies, it’s critical to start with the end in mind, what problems you are trying to solve, and how you want the business to run in the future. That helps prioritize the features, functions, and types of technology needed. Next, consider the relationship you have with the providers. There will be hiccups along the way. Think about who it is you want and trust to be by your side. If your partner listens to and responds during the sales process, it’s a signal that the customer experience matters. Lastly, consider the voice you have in shaping the future of the technology. What role does the customer play in identifying and influencing new releases? The technology must grow with you.

  1. What are the upcoming challenges for you as CHRO of an HR Tech company and Paycor as an HR Tech vendor?

As the CHRO of Paycor, it’s about scaling our people practices in support of rapid growth and reinforcing our strong culture across an evolving geographic footprint. Growth creates first-class challenges! The HR tech space is intensely competitive when it comes to hiring the best and brightest engineering and product management talent. As CHRO, I stay vigilant on the state of hiring and on internal mobility. A healthy talent pipeline is one signal of a healthy company. Finally, for Paycor as an HR tech vendor, we are monitoring the ripple effect of the new Presidential administration. Our customers expect and want Paycor to help them navigate compliance complexities and business opportunities. Finally, our hallmark is service. We want to keep improving the customer experience and make employee management even easier.


If you want to share this interview the reference to Karen CronePaycor and The HR Tech Weekly® is obligatory.

HR Predictions: Rethinking Employee Benefits in 2017

Paid Family Leave

Only a few weeks remain in 2016, and as we look to the next year, there is no denying it’s a truly dynamic time for HR professionals. We work in an environment that is constantly changing and filled with new opportunities to enhance the way we lead and manage our most important asset, our people.

Today, business leaders are faced with a challenge those who have come before them have never encountered – assimilating five different generations into today’s workforce and leading teams comprised of individuals with unique priorities, interests and expectations.

Generation Z is stepping foot into the workforce for the first time, millennials are settling down and starting families, and baby boomers are faced with the responsibility of caring for elderly family members. While the priorities may be different, the theme is the same: when you hire an employee, you employ the whole person, including their family, their health and their interests.

As we look to next year, the major HR trends I see will be surrounding rethinking employee benefits. Retirement benefits were en vogue across workplaces in the 80s, but today, employees are thinking less about the future and more about the now. Their mindset has shifted to how employers can help them maximize their time with family or to pursue individual experiences, as opposed to emphasizing retirement benefits and pensions.

Here’s how we anticipate that mindset shift will affect HR in 2017:

Paid Family Leave

Today, we’re realizing a gap in the family leave laws concerning who is covered and who is paid. The Family Medical Leave Act (FMLA) offers job protection, but it is unpaid and only offered for up to 12 weeks. Currently, only 12 percent of employees (via United States Department of Labor) have access to paid leave, which tends to be offered by technology and financial services companies as well as some businesses located in California and on the east coast.

An emerging trend across organizations that is gaining increased traction is placing more emphasis on paternity and family leave. Millennials who are starting families are pushing employers to acknowledge the importance a father plays in raising and bonding with their child, and on the flipside, Generation X and Baby Boomers are caring for ill family members and require additional leave to support their time away. California was the first state to implement paid family leave, which has also spread to the corporate level. Deloitte is now offering employees up to 16 weeks fully paid of family leave to support range of life events like maternity and paternity leave, elder care and aid for sick family members and partners.

Unlimited Vacation – The Ultimate Flexible Benefit

When surveyed, many employees reveal that a top benefit they look for when considering a role is the amount of vacation offered. Surprisingly, studies have shown that while employees earn 20 days off, the majority only use 16 of those days. Employees today are using a full work week less than they did in 2000, and it’s having a major impact. Work expectations and demanding schedules are causing employees to take less time. As a result, employees miss three notable events a year and only 38 percent of employees feel supported to take time off.

A handful of employers are trying to reverse this trend by offering flexible unlimited vacation opportunities for employees. Unlimited vacation empowers employees to decide what to do with their time off while ensuring that the necessary work is completed and the absence is not damaging. Experts analyzing this trend believe that employees are motivated not to let their peers down or to damage their own career by misusing the benefit. While unlimited vacation is not for every company or environment, look for more organizations to consider this benefit.

Flexible Hours

We’ve all experienced it – sick family members, an unexpected doctor’s appointment, or an emergency home repair. Life happens and employees are looking for employers to be cognizant of responsibilities outside of the office. I can’t recall an interview where I wasn’t asked about our company’s expectations concerning work time commitments and the flexibility we offer. The question for HR is how to encourage flexibility for employees and how to teach managers to embrace flexibility to attract the best talent. Consider implementing work from home or flexible hours policies to help employees balance work and home life.

Freelance Economy

A growing trend that will affect even more businesses in 2017 is the “gig” or freelance economy. Work or “freelance gigs” are being organized into a variety of arrangements that can easily be bid on by a variety of freelance or consulting positions. One out of three millennials currently freelance, and by 2020, the Bureau of Labor predicts that 40 percent of American workers will be independent contractors. In areas of specialized skills, those types of talent are looking for freelance opportunities and organizations will be tasked with offering the same type of flexible arrangements for employees that freelance positions receive.

While many trends are affecting the HR industry, we as leaders have a real opportunity to challenge the status quo to enhance our employees’ experience. How do we disrupt the typical routine? Emerging trends are driving us to look at the employee experience in new ways and to listen to consider our people in everything we do.

About the Author:

Karen Crone is Chief HR Officer at Human Capital Management company Paycor.

If you want to share this article the reference to Karen Crone, Paycor and The HR Tech Weekly® is obligatory.