Paylocity Reviews 2023: Details, Pricing, & Features

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.

Paylocity is an all-in-one HR software solution used by HR management and employees for easier payroll and employee lifecycle management. This popular HR solution covers the following aspects of HRM:

• Automated workflows for HRM
• Benefits administration
• Attendance and time tracking
• Payroll
• Employee scheduling
• Documentation and management
• Talent acquisition tools
• Employee self-service domain
• Compensation management
• HR reporting
• HR compliance
• HR analytics
• Employee engagement tools

Paylocity offers exceptional packages designed for modern HR requirements, ideal for mid-sized. It also offers excellent features such as participating in its community hub for collaborating socially.

In simpler words, Paylocity is a human resource management system (HRMS) that offers core HR solutions for small and big companies. The features of this software solution cover all the major aspects of HR management and functions. This software can also be integrated with other business platforms as per requirements.

Paylocity is a great choice for medium-sized companies that want to keep their employees happy and connected. It’s got a bunch of features to make sure everyone feels engaged and motivated. For companies that care about things like teamwork, a positive work culture, and keeping their employees for the long run, Paylocity is spot on.

It has got exclusive tools like the Community hub and collaboration features that help everyone work together smoothly. Plus, it offers a skilled platform for peer recognition and surveys to make sure everyone’s voice is heard. Paylocity is the way to go to connect all the HR aspects for mid-sized businesses.

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.

Paylocity pricing is not discussed on the official website. It doesn’t have a free trial or a free version and does not display the plans publicly. The cost depends on the features you choose, added to the core offering, and it’s calculated per employee per month. It is not clear which features are included and which are extras.

Paylocity offers dedicated support to clients, employees, and partners. One can connect with the customer support department via the following phone numbers from 7 AM to 7 PM from Monday to Friday.

Main Number: 800-520-2687

Client Support: 888-873-8205

Product demo: 833-508-0746

Customers can also connect with the support department via chat.

Other than the exclusive features of Paylocity, there are a few advantages that set the Paylocity corporation apart from its competitors.

Paylocity Community

Paylocity’s unified Community interface simplifies communication for employees who typically use different apps for chat, email, file sharing, and announcements. Company leaders can share news through text or video, using available templates for tasks like open enrollment reminders. The dashboard allows scheduling messages and tracking engagement metrics, helping determine the most effective content for employee attention and interaction.

Easy Collaboration Platform

Paylocity’s Community tool serves as an all-in-one communication platform, eliminating the need for external apps like Google Chat, Slack, etc. Users can create discussion groups based on interests or reporting structure, facilitating file-sharing and communication through calls, text, voice, and video. This diverse range of communication methods is particularly beneficial for remote and distributed workforces.

Employee Recognition

Workers can publicly appreciate each other in Paylocity’s Community by sending Impression “Badges.” These badges, like “Rockstar,” might be pre-set, but it’s uncertain if you can make your own.

Building Surveys

Paylocity makes it simple to understand how your employees feel about their jobs or the company. It offers a template library based on the feedback you want. For example, if you choose “onboarding,” it suggests questions for feedback on that process. You can set a due date and reminders to get more responses. You can also add a video to explain the survey and give instructions. The responses sync with Paylocity’s Modern Workforce Index for insights and next steps. This index is Paylocity’s HR analytics tool that measures employee feelings, engagement, performance, and other important metrics.

Paylocity is good for midsize and large companies with domestic and global, hourly and/or salaried employees, remote workforces, complex payroll structures, and those starting new benefits programs. It suits companies with low-volume hiring, values robust analytics, comprehensive compliance controls, cohesive company culture and collaborative work environments.

On the other hand, Paylocity is not suitable for startups and small businesses, companies engaging independent contractors. It is also not a good fit for companies engaged in high-volume frequent hiring.

In a nutshell, Paylocity is a commendable HR software solution for small and mid-sized companies. It has a vast set of features that cover the conventional aspects of human resource management. It also offers exclusive analytical tools for performance measurement and engage employees for the betterment of an organization.

1. What is Paylocity?

Answer:

Paylocity is a widely-used HR software that, streamlines payroll and employee lifecycle management. It serves both HR management and employees as an all-in-one solution for HRM tasks.

2. What are the features of Paylocity?

Answer:

The features of Paylocity are:

• Recruitment and training of new candidates
• Human capital management
• Compensation and payroll management
• Goal setting and tracking

3. What are the alternatives to Paylocity?

Answer:

A few Paylocity alternatives are:

• Rippling
• BambooHR
• Remote.com
• Deel
• TriNet
• Quickbooks

4. How much do Paylocity plans cost?

Answer:

Paylocity does not reveal its plans and pricing. One can get an estimate by contacting the service provider.