No real questions just a lot of talking by the hiring manager who was hired just 4 months ago. This was my first interview where the hiring manager talked 90% of the time. Although the interview was unconventional, it was informational. I got a lot of good Intel on Paycor.
The hiring manager volunteered that Paycor sales people had too many leads from internal sources like 5/3 Bank to see, yet he only expected 4 appointments per week. He also told me that the current sales reps’ follow up was weak. When I asked "if each appointment took an hour and considering there was a 40 hour work week what do his people do with the other 90 percent of their week?" The hiring manager couldn't answer that but he did talk about paperwork required for sales people to fill out. When pressed about paperwork, he did say; "that if I did more than 4 sales appointments in a week I would run out of runway" (whatever that means).
He soon told me that he had to hire 7 of 8 sales reps on his team of 8 and he was looking for the 8th. 100% turnover?
The pay range given is sketchy.
First the Paycor internal company recruiter sent an email that stated that the salary is 75k base and in the first year one could add another 20k in commissions for a grand total of 95k. It sounded low but I think this has to do with the length of time it takes for a Paycor payroll to run and get paid on.
When I asked, the hiring manager what could a first year sales rep expect he said "that the average pay is 150k-250k first year." When I pointed out the discrepancy on first year income from the email I received from the Paycor recruiter, I was regaled with more hot air about the company's future IPO plans 2 years from now. Pay was not known. It could be 95k or it could be 250k. Pick one.
To summarize:
1) Paycor is private and has high turnover in the downtown Chicago office (100% in Major markets) which means the sales force has limited real life experience on their product.
2) The Sales force does not follow up on client calls because they are over whelmed by paperwork and have plenty of leads from 5/3 bank which has Paycor as their payroll provider to their clients on 5/3's website according to the hiring manager (although he said he is trying to fix the poor follow up).
3) Some of their referring CPA and bank partners are ignored because they are too busy according to the hiring manager.
4) "Some reps are happy to live off of their $75,000.00 salary" according to the hiring manager (IE: not driven). Hope this helps someone who's looking at Paycor.