New offerings empower leaders to enhance team
collaboration and optimize skills development
CINCINNATI, May 2, 2024
/PRNewswire/ -- Paycor HCM, Inc. (Nasdaq: PYCR) ("Paycor"), a
leading provider of human capital management (HCM) software, today
announced the release of COR Space and Paycor Skills. The new tools
will help HR and business leaders drive high business performance
by enabling cross-functional collaboration and addressing skills
gaps.
COR Space enables teams to collaborate, communicate, and
complete tasks on a centralized platform. In addition to
facilitating efficient communication between teams, these tools
enable leaders to visualize, manage, and provide recognition for
employees outside of traditional organizational structures. As a
result, businesses can better facilitate team alignment, enhance
productivity, and maintain transparency, all of which help increase
employee engagement and improve overall performance.
With Paycor Skills, leaders can leverage artificial intelligence
to address the ongoing worker shortage and manage their workforce's
skills more effectively by providing insights to strategically
upskill their people. This product automates the process of
capturing new skills and suggests training opportunities to reduce
time spent searching for top talent. Paycor Skills will help
leaders fill talent gaps, build a culture of learning, align on
company needs, and make informed decisions about talent management,
all while reducing recruiting time and costs.
"Equipping businesses with tools that help align
cross-functional communication and identify skills gaps can
increase productivity so teams can spend more time focusing on what
matters most – their people," said Ryan
Bergstrom, Chief Product and Technology Officer. "The new
tools enable goal-focused collaboration beyond traditional
departmental structures, and fill talent gaps by matching skills
within the existing workforce or identifying upskilling and
development opportunities. By providing tools for effective team
and skills management, we aim to empower leaders to enhance
employee engagement, retention, and career development while
achieving organizational objectives."
COR Space and Paycor Skills will be available to customers
in Summer 2024.
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
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SOURCE Paycor