Paylocity is a web-based HR and payroll software or HCM solution that specifically targets the smaller end of a small to mid-sized business market. It provides advanced reporting and self-service features, integrates seamlessly with leading retirement plans, general ledger, and time-and-attendance apps. They focus on creating a more engaging experience for employees, including peer-to-peer recognition, mobile-enabled communications channels, and video embedded throughout the suite to meet the needs of today’s workforce. They recently launched the Modern Workforce Index that can provide insights into utilization (including time/cost savings from automation), employee sentiment, and organizational health. Their other HR and payroll functions include personnel tracking, scheduling, onboarding, and learning management.
Paylocity is purposed to be customizable to any specific users’ way of working. It provides intuitive and integrated benefit enrollment, sports mobile compatibility and boasts comprehensive templates for data on new hires that collect demographic, earning deduction, and direct deposit information. Their payroll functionality features drag-and-drop customizability for processes and additional templates. It provides streamlined communication via team notes, offers analytics tools for management, and makes it simple to set up performance reviews.
Pros & Cons
Paylocity’s ease of use, the convenience of access as an online app and drag-and-drop customization are all major advantages, and it offers plenty of useful features in the payroll management arena in particular. Its reporting functionality is limited, however, and some users find its organization of key tasks and information limited as well.
- Easy to use
- Strong payroll management features
- Built-in batch payroll processing
What Customers Are Saying
- Starting Price
- Starts at $2 per employee/month
- Free Trial/Demo
Free demo only
- Employee Database
- Performance Management
- Applicant Tracking
- Mobile-compatible online app
- Payroll functionality offers feature-rich payroll management with drag-and-drop customization
- Additional HCM solution features for recruitment, training and onboarding, and for benefit management