Betterment at Work
Betterment at Work provides a comprehensive financial wellness platform that helps you offer 401(k) plans, student loan repayment tools, and automated investing to support your employees' long-term goals.
Paycom
Paycom provides a comprehensive cloud-based human capital management software that streamlines the entire employment lifecycle from recruitment and onboarding to payroll, talent management, and HR analytics in one application.
Quick Comparison
| Feature | Betterment at Work | Paycom |
|---|---|---|
| Website | betterment.com | paycom.com |
| Pricing Model | Subscription | Custom |
| Starting Price | Custom Pricing | Custom Pricing |
| FREE Trial | ✘ No free trial | ✘ No free trial |
| Free Plan | ✘ No free plan | ✘ No free plan |
| Product Demo | ✓ Request demo here | ✓ Request demo here |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 2008 | 1998 |
| Headquarters | New York, USA | Oklahoma City, USA |
Overview
Betterment at Work
Betterment at Work is a modern financial benefits platform designed to help you support your employees' complete financial lives. Instead of offering just a 401(k), you can provide a holistic suite of tools including automated investing, high-yield cash accounts, and student loan management. The platform simplifies the administrative burden for your HR team by automating payroll integrations and compliance tasks, allowing you to focus on people rather than paperwork.
You can empower your workforce with personalized financial advice and easy-to-use digital tools that help them save for retirement and manage debt simultaneously. Whether you are a small startup or a growing mid-market company, the platform scales to meet your needs with transparent pricing and a user-friendly interface that encourages high employee participation and engagement.
Paycom
Paycom provides a single, cloud-based application to manage your entire workforce from recruitment to retirement. Instead of toggling between different systems for payroll, benefits, and HR, you can handle everything in one place with a single database. This eliminates the need for data integration and reduces the risk of manual entry errors across your organization.
You can empower your employees to manage their own data through the Beti payroll system, which lets them find and fix errors before you ever hit submit. This shift in responsibility ensures higher accuracy and saves your HR team hours of administrative work. Whether you are hiring new talent or tracking performance, the platform gives you the real-time analytics needed to make informed people decisions.
Overview
Betterment at Work Features
- Automated 401(k) Administration Sync your payroll provider to automate contributions, recordkeeping, and compliance testing without manual data entry.
- Student Loan Management Help your employees pay down debt faster by offering tax-free employer matching contributions toward their student loans.
- Personalized Financial Advice Give your team access to automated, goal-based investment portfolios and expert guidance tailored to their specific milestones.
- High-Yield Cash Accounts Provide your employees with a secure place to earn competitive interest on their short-term savings with no monthly fees.
- Commercial Real Estate Access Allow your employees to diversify their retirement portfolios by investing in private commercial real estate through Goldman Sachs.
- Employee Dashboard Enable your staff to track all their accounts, set savings goals, and view their net worth in one mobile-friendly interface.
Paycom Features
- Beti Employee-Driven Payroll. Let your employees lead the payroll process by identifying and fixing errors before submission to ensure 100% accuracy.
- Manager on-the-Go. Approve time-off requests, expenses, and personnel changes directly from your mobile device while you are away from your desk.
- Applicant Tracking. Post jobs to multiple boards and track candidates through your custom hiring pipeline to find the right talent faster.
- Benefits Administration. Simplify open enrollment by allowing your team to compare plans and sign up for benefits through a guided digital experience.
- Paycom Learning. Create and assign custom training courses to your staff to ensure compliance and support professional development across your team.
- Expense Management. Snap photos of receipts and submit expenses for approval instantly, reducing the need for manual data entry and paper trails.
Pricing Comparison
Betterment at Work Pricing
Paycom Pricing
Pros & Cons
Betterment at Work
Pros
- Modern and intuitive user interface for employees
- Seamless integration with popular payroll providers
- Unique student loan matching feature boosts retention
- Low-cost investment options compared to traditional providers
- Quick and straightforward implementation process
Cons
- Limited customization for highly complex plan designs
- Customer support response times can vary during peak seasons
- Investment options are primarily restricted to ETFs
Paycom
Pros
- Single login for all HR and payroll functions
- Employee-driven payroll reduces administrative errors significantly
- Robust reporting tools provide deep organizational insights
- User-friendly mobile app for employees and managers
- Streamlined onboarding process for new hires
Cons
- Initial setup and implementation can be time-consuming
- Pricing is less transparent than smaller competitors
- Frequent software updates require occasional re-learning