The Total Economic Impact™ of Paycom
A commissioned study conducted by Forrester Consulting on behalf of Paycom revealed how Paycom tech benefited a composite organization representative of interviewed customers. In the study, Paycom’s single HR software featuring Beti®, an industry-first payroll solution that empowers employees to do their own payroll:
- reduced time spent correcting payroll errors by 85%
- lowered labor for payroll processing by 90%
- saved HR and accounting teams over 2,600 hours per year
- gave employers benefits worth $3,775,365 over three years
Forrester Consulting used the companies it interviewed to create a composite business with 2,500 employees, 70 U.S.-based locations and multiple pay structures. It also considered how Paycom influences a factor that can’t be easily quantified: employee trust.
To learn more, download the The Total Economic Impact™ of Paycom white paper.