Paylocity Features

The Paylocity software offers what a full-fledged HR management of a company needs. Apart from the modern payroll and human capital management tools, it offers a wide range of features that match the specific requirements of modern companies.

Recruitment

1. Job posting: Users can embed videos in job posts.
2. Career page branding: Build a career site for branding with Paylocity for a better company introduction.
3. Job posting integration: Do multiple job posts with easy integration with LinkedIn.
4. Screening and application tracking: Set questions for screening applications but select candidates manually.
5. Background checks: Check the backgrounds of candidates for safe hiring.

Onboarding

Generate customized offer letters used for onboarding chosen candidates. Train hired candidates with its learning management system (LMS).

Payroll Management

Its industry-compliant payroll domain is ideal for global companies. The key features of this domain are:

1. Global payroll: Paylocity and Blue Marble have joined forces to offer payroll services to employees worldwide in over 100 countries.
2. Compliance: Its payroll incorporates automatic audits to guarantee precise payroll processing.
3. Customization: Its payroll software is adaptable to your company’s pay structure and schedule.
4. Tax management: Paylocity carefully examines each employee’s location to ensure accurate tax payments with proper document management.
5. On-demand wage access: The pay-on-demand feature allows employees to access a portion of their earned wages before payday without additional paperwork.
6. Data synchronization: Payroll integrates with the Time and Attendance tool, eliminating the need for manual data entry in multiple locations.
7. Payroll calendar: Its payroll calendar offers visibility into complex pay structures and schedules.

Performance Management

This feature allows the HR department to do proper performance management by setting high-level communication among employees and managers.

1. Feedback model: Prepare customizable forms for feedback from supervisors and peers.
2. Goal setting: Avail of a collaborative goal-setting platform for better productivity.
3. Compensation management: Prepare a compensation plan for encouraging employees and increase the degree of employee retention.

Benefits Administration

Sync payroll with benefits for employees. Users can also change any benefit program in the future.

Time-tracking system

1. Sync payroll: Time data syncing to avoid manual data entry.
2. Reporting: track attendance with over 100 inbuilt reporting formats.
3. Compliance: stay compliant with shifts, split shifts, break times, meals, and other perks.
4. Scheduling: Manage shifts and set schedules easily.
5. Attendance: Incentivize attendance points for employee benefits.

Learning and Development

1. Content creation: Employers can introduce a learning model for new candidates and existing employees.
2. Customize content: Employees get to customize content for better learning with existing courses.
3. Course assignment and reminders: Assign courses automatically or manually.
4. Analytics: Scale the learning process of employees with the analytics features.

Compliance

Compliance is a key aspect of Paylocity’s platform, covering payroll, benefits, time tracking, recruiting, and learning. Instead of monitoring compliance separately in each module, Paylocity consolidates analytics in a central dashboard for simpler oversight.

Reporting and Analytics

Setting HR goals with business goals becomes a lot easier with Paylocity’s analytics tools and reporting platform.

1. Default and customizable reports: Create report models from scratch or set the default ones for better analytics.
2. Dashboard configuration: Create or configure a dashboard matching the company priorities.
3. Benchmarking: Benchmark progress with generated data and check market competition.

Modern payroll and human capital management software simplifies work by automating tasks like payroll processing, time tracking, and employee record-keeping. This technology boosts efficiency, minimizes errors, and ensures compliance with labour laws and taxes. It centralizes employee information, making it easy to manage. Paylocity is one such HRM software solution that assists in proper employee life cycle management.

Let us discuss more about this popular option chosen by companies worldwide for human capital management.