For a human resource (HR) platform to be considered reliable, it must be easy to use, offer enhanced functionality, and be worth the cost incurred. isolved HCM and Paycom are two prominent names in the space that meet these criteria. But which one is the best fit for your business?
Find out the answer in this comprehensive isolved vs Paycom comparison guide:
isolved Vs Paycom: At A Glance
Feature
isolved
Paycom
Talent Acquisition
Streamlines recruitment with centralized platform, 5,000+ job boards, and social media
Centralizes hiring with applicant tracking, onboarding, tax credits, and E-Verify®
Payroll
Scalable, automates calculations, tax filings, and compliance tracking. Offers employee self-service portal for pay stubs, tax forms, etc.
Fully automated payroll with self-service capabilities, Beti® technology for payroll verification
Benefits Administration
Self-service portal for benefits selection and real-time payroll integration. Handles complex compliance requirements (ACA, COBRA)
Simplifies benefits management with a self-service portal and payroll integration
Scheduling
Allows managers to create schedules while maintaining compliance. Offers employee self-service portal for schedule access and changes
Enables schedule management with integration to time tracking and payroll. Offers real-time visibility into team availability
Reporting
Offers intelligent reporting with real-time data, pre-built templates, and custom options
Provides powerful analytics with customizable templates and real-time access to data
What Is isolved?
isolved is a human capital management (HCM) platform that integrates payroll, HR, benefits, and workforce management functions into a user-friendly system. It reduces the need for multiple systems, allowing companies to maintain compliance, track employee performances, and oversee key HR functions from one location.
Its time-tracking and scheduling capabilities, combined with self-service tools for employees, enhance overall productivity. Moreover, it offers an extensive marketplace for users to choose integrations to further enhance its functionality.
Unique Features Of isolved
Conversational Virtual Assistant (VA): Integrated with the isolved People Cloud, the assistant can provide actionable insights and prescriptive recommendations, enhancing efficiency in decision-making and day-to-day operations
Predictive People Analytics: It goes beyond observation and leverages artificial intelligence (AI) to transform HR data into actionable insights. This helps companies predict outcomes, such as employee turnover or hiring costs
Adaptive Employee Experience: With this feature, the platform dynamically adjusts to meet the needs of individual users, offering tailored interfaces and workflows based on their roles, preferences, and tasks
Services: isolved offers comprehensive services to enhance HR capabilities, including benefits administration, financial wellness programs, and retirement planning. These services help businesses maximize the value of their HCM investments
Who Are The Main Users Of isolved?
The software is suitable for companies of all sizes operating in various industries and sectors, including:
Healthcare
Retail
Manufacturing
Financial services
Hospitality
Pros And Cons Of isolved
Pros
Offers a dedicated customer support manager for quick and effective issue resolution
Highly requested features are implemented on a priority
Follows advanced level of security protocols, ensuring the protection of sensitive data
Cons
Setting up the system may be complex
Two different employee interfaces may confuse users
What Is Paycom?
Paycom is end-to-end HR software suitable for businesses seeking to automate workforce management tasks. It combines all HR modules, including payroll, benefits administration, talent acquisition and management, and report center, into a single platform, minimizing the requirement for companies to rely on several platforms.
The software is widely recognized for its innovative features, including Beti, Paycom Pay, E-Verify, Clue, and Direct Data Exchange. Furthermore, it offers a user-friendly interface, providing both HR professionals and employees with easy access to essential features and data.
Unique Features Of Paycom
Manager On-The-Go: It is a mobile solution for managers to perform critical tasks anytime, anywhere. Through this feature, they can approve requests, manage schedules, and address employee needs directly from their mobile devices
Enhanced ACA: This feature provides organizations with tools to track and report employee coverage and hours accurately and simplifies compliance with Affordable Care Act (ACA) requirements
Client Action Center: It is a centralized hub for payroll administrators to manage time-sensitive tasks like tax filings and wire transfers. It provides real-time insights into critical processes, such as monitoring tax profiles, viewing discrepancies, and accessing family leave or unemployment tax rates
Paycom Surveys: Using this feature, the process of gathering and analyzing workforce feedback becomes hassle-free. It includes various customizable survey templates covering topics like workplace culture, leadership, and employee satisfaction
Who Are The Main Users Of Paycom?
The software suits small, mid-size, and large-scale businesses across various industries and sectors, including:
Education
Healthcare
Hospitality
Technology
Retail
Pros And Cons Of Paycom
Pros
Despite being feature-rich software, implementing Paycom is easy
Allows employees to approve their paychecks before the payroll is processed This ensures accuracy
Can be easily customized with little support from the tech team
Cons
Users have to go through a verification process every time when they log in, which can be quite inconvenient
The application tracking module's user interface (UI) can be improved
isolved Vs Paycom – Key Features Comparison
Talent Acquisition
isolved streamlines the recruitment workflow by offering a centralized talent acquisition platform. Users can benefit from over 5,000 free and premium job boards along with social media platforms to reach a wider pool of candidates effortlessly.
The onboarding functionality within isolved Talent Acquisition ensures a positive experience for new hires, reducing manual paperwork and helping them integrate seamlessly into the organization. It goes one step ahead and offers a dedicated team of experts for talent acquisition services for companies seeking a reliable solution.
Paycom's centralizes the hiring and recruiting process through its various tools, including applicant tracking, onboarding, tax credits, Enhanced Background Checks®, and E-Verify®. These tools offer support in every stage of hiring, from posting job openings to onboarding new hires.
What sets Paycom apart is its ability to centralize recruitment data, providing actionable insights into hiring trends and bottlenecks. This allows HR teams to refine strategies and focus on candidates who align with organizational goals.
Winner: While both platforms excel in streamlining the recruitment process, Paycom stands out with its centralized data insights and analytics capabilities. Additionally, its Enhanced Background Checks® and tax credit tools add extra value.
Payroll Processing
isolved's payroll system offers a scalable solution for businesses to process payroll with precision and ease. The platform automates payroll calculations, tax filings, and compliance tracking, ensuring that employees are paid accurately and on time.
With its user-friendly self-service portal, employees can access their pay stubs, tax forms, and direct deposit information, minimizing administrative overhead for HR teams.
Paycom delivers accurate, timely, and fully automated payroll processing. It offers self-service capabilities, enabling employees to manage their own payroll data, such as viewing pay stubs, updating bank details, and tracking tax withholding. These functions can also be carried out seamlessly through the platform's robust mobile app.
The software particularly stands out for its Beti® (Better Employee Transaction Interface) technology, which empowers employees to preview and verify their payroll data before submission. This innovation significantly reduces payroll discrepancies and minimizes administrative workload.
Winner:Paycom, again, takes the lead with its innovative Beti® technology. Its robust mobile app further complements the self-service capabilities, offering superior convenience compared to isolved's standard functionality.
Benefits Administration
isolved provides an intuitive self-service portal for benefits management where employees can review, select, and enroll in benefits plans during open enrollment or qualifying life events. With real-time integration into payroll, deductions, and contributions are calculated automatically, reducing errors and administrative workload.
Furthermore, employers benefit from isolved's ability to handle complex compliance requirements, including the Affordable Care Act (ACA) and Consolidated Omnibus Budget Reconciliation Act (COBRA).
The Benefits Administration feature in Paycom simplifies the management of employee benefits, ensuring that HR teams can focus on strategic tasks rather than paperwork. It offers a self-service interface where employees can easily enroll in, update, or change their benefits plans during open enrollment or life events.
The platform integrates seamlessly with payroll, ensuring that deductions and contributions are accurately calculated and reflected in real-time.
Winner:isolved's powerful compliance management for ACA and COBRA gives it an edge in handling complex regulatory requirements.
Scheduling
The Scheduling feature in isolved helps managers create and manage work schedules while maintaining compliance with labor laws and company policies. It offers real-time visibility into workforce availability, allowing managers to assign shifts based on skills and preferences.
Additionally, it offers a self-service portal for employees to access their schedules, request changes, or swap shifts, enhancing engagement and flexibility.
Paycom's Scheduling feature enables managers to create, update, and manage work schedules efficiently while accommodating employee preferences and compliance requirements. Like isolved, the system offers real-time visibility into team availability, which helps managers assign shifts based on employee skills and business needs.
This feature is integrated with Paycom's time tracking and payroll tools, which ensures seamless synchronization of hours worked, overtime, and attendance data. This integration not only reduces administrative burdens but also helps maintain compliance with labor laws and organizational policies.
Winner: It's a tie. Both these platforms offer powerful scheduling tools, helping businesses optimally utilize their workforce.
Reporting
isolved's reporting feature leverages advanced technology to help businesses gain actionable insights across various HR functions. It consolidates data from across the isolved ecosystem, creating a centralized hub for all workforce-related insights.
With pre-built templates and customizable options, users can generate reports on payroll, benefits, compliance, and workforce performance.
Paycom offers a Report Center that provides powerful analytics and reporting tools facilitating strategic decision-making across all HR functions. With customizable templates and real-time data access, HR teams can generate reports on payroll, benefits, compliance, and workforce performance with just a few clicks.
The platform's intuitive interface enables users to filter, sort, and visualize data in meaningful ways, making it easy to identify trends and address potential issues.
Winner:isolved excels with its Intelligent Reporting tools, offering real-time data access, powerful analytics, and visualization tools.
The Final Verdict – Which HR Software Is Better?
Both isolved and Paycom offer advanced HR solutions, each with its own strengths. isolved shines with its powerful predictive analytics, adaptive employee experience, and strong compliance management tools, making it suitable for businesses with complex regulatory needs. On the other hand, Paycom stands out for its innovative features like Beti®, which enhances payroll accuracy, and its mobile-first approach.
Ultimately, the choice between isolved and Paycom depends on your business's specific needs. Both platforms cater to a wide range of industries, so carefully evaluating your business's priorities will guide you toward the best solution.
