Paycor

Introduction &

Partner Strategy

Who is Paycor?

Engaging & Retaining Top Talent

Complex Regulatory & Compliance Market

Pace & Scope of Change

Sources: Paycor HR Trendcast Report

“Navigating” Trends

45% of HR leaders worry about

recruiting and retaining employees

Sources: Paycor HR Trendcast Report

“For the 2nd Quarter in a row and 2nd inhistory the No.1 concern is hiring andretaining qualified employees. The studyfound that 89% of companies surveyeddo not intend to pursue all plannedprojects that would increase the valueof their firm, with the inability to hirethe right employees a bindingconstraint. Companies indicated thattheir currently employed managers donot have enough bandwidth to overseean expanded organization. Hence, theirfirms pull back on expansion”

How CFOs Are Feeling About the EconomyJohn Graham, Duke University, 9/9/2017

Diverse and Multi-Generational

Five Generations in the Workforce

Gen Z (Born after 1995)

Millennials (1981-1995)

Gen X (1961-1980)

Boomers (1945-1960)

Traditionalists (pre-1945)

Data Driven

HR leaders will look to improve the recruiting and

hiring process by monitoring key performance indicators

(KPIs), such as:

TIME TO HIRE

OFFER ACCEPTANCE RATE

COST PER HIRE

RETENTION RATE

TURNOVER RATE

Sources: Paycor HR Trendcast Report

Zywave Broker Services Survey

Pace & Scope of Change

82%believe many roles that

exist today will be

automated in the future

48%believe many core HR

functions will be automated

by 2022

Sources: Paycor HR Trendcast Report

Complex Regulatory & Compliance

Market

Focus on Employee

Engagement

Rising Healthcare

Costs

HR Tech Innovators &

Investors

Market

Best of Breed

Product Overview

What is real-time integrated payroll?

• Employees are linked by SSN & Paycor payroll ID

• Individual employee records are exchanged, not full company files

• Sync of demographics & deduction data

How Does It Work?

Employee record or payroll deductions are

modified

Notification created

Data issecurely sent

Change is applied

Advantages for brokers

• Integration makes brokers sticky

• Remain competitive

• Maintain control over benefits administration

• Accurate data reduces agency costs‒ Reduces instances of retroactive enrollment & claims

‒ Accurate census for quoting

‒ Delegate employee management to HR

Advantages for companies

• Eliminates entering data into multiple systems

• Improves data accuracy

• Can be used by companies of all sizes

• Get up & running quickly

Bi-directional demographics

Demographic updates can be made in either system

• New Hires, Terminations, and Rehires: Paycor is system of record• Employees address can be updated in either system

Base compensation: 1-way

Compensation changes will flow from Paycor into Employee Navigator:

• Base hourly rate • Base salary• NOTE: EN’s annual benefit salary field will not be exchanged

Payroll deductions: 1-way

Recurring deductions are managed by Employee Navigator & flow to Paycor:

• Always flow from Employee Navigator to Paycor• Can only be overwritten in Paycor• We have created an Adjustments report for backdated deductions• 401K deductions not currently supported• Note: Employees can be “blocked” if they have grandfathered deductions

Exchanged records

• Types of records supported:‒ Active

‒ Part-Time

‒ Benefit Ineligible

‒ Terminated

• Types of records unsupported:‒ Non-Employees

▪ 1099s

▪ K1

▪ LLC members

* We designed a "block" feature that allows you to block these records from being exchanged

Exchanged fields

*Note: Exchanged Fields cannot be customized

EMPLOYEMENT RECORDS DEMOGRAPHICS DEDUCTIONS

• SSN

• Payroll ID

• Compensation

• DOB

• Hire Date

• Term Date

• Full Time

• First, Last, middle names

• Address lines 1 & 2

• City, State, Zip

• Home phone

• Primary email

• Gender

• Job Title

• Amount

• Effective date

• Change date

• End date

System Demo

Next Steps

How to Connect: Current Paycor & Employee Navigator Customers

STEP ONEActive in Employee

NavigatorAND

minimum of 2 payrolls processed BEFORE

employer eligible for integration

Brokers and clients MUST review EN User Guide

prior to requesting integration.

Most questions can be answered within the

documentation

“Ready to Connect” to Paycor

STEP TWO STEP THREEPaycor will reach out with details on next

steps

STEP FOUR

How to get started:Prospective employers

STEP ONEVisit the Employee

Navigator MarketplaceClick to Contact Partner Paycor representative will

be in touch

STEP TWO STEP THREE

Paycor Contacts

• Your local Paycor Sales Representative• Paycor Corporate Employee Navigator Channel Directors

- Vivianne Nix: vnix@paycor.com

- John Allen: jallen@paycor.com

Q&A