Company Research Report: Paylocity

Company Overview

• Name: Paylocity

• Mission: No explicit mission statement is available, but the company emphasizes its commitment to providing innovative HR and payroll solutions while fostering strong client partnerships.

• Founded: 1997

• Founder: No information is available

• Key People: Steve Beauchamp, Executive Chairman of the Board; Susan Watts, VP of Human Resources at Blue Ridge Companies (not a direct executive but involved testimonial).

• Headquarters: 1400 American Lane, Schaumburg, IL 60173

• Number of Employees: 6,400+

• Revenue: No information is available

• Known For: Paylocity is recognized for its comprehensive HR and payroll solutions, innovative technology, award-winning customer support, and its role as a partner in transforming workplaces.

Products

Paylocity offers a complete suite of HR and payroll solutions designed to meet the varied needs of their clients.

Product Suite

1. Payroll Software

• Description: Automates payroll processes, ensuring accuracy and saving time.

• Key Features: Comprehensive payroll management, compliance tracking, tax filing services.

2. Workforce Management

• Description: Facilitates efficient workforce management via scheduling, tracking, and reporting.

• Key Features: Real-time data insights, time-off management, employee scheduling.

3. Human Resources

• Description: Centralized platform managing core HR tasks, enhancing employee engagement and productivity.

• Key Features: Employee data management, HR analytics, onboarding and performance tracking.

4. Talent Management

• Description: Aids in attracting and retaining top talent through effective recruitment, development, and retention strategies.

• Key Features: Recruitment tools, goal setting, performance evaluation.

5. Benefits Administration

• Description: Simplifies the administration of employee benefits, enhancing enrollment and management experiences.

• Key Features: Benefits selection, enrollment management, compliance assistance.

6. Employee Experience

• Description: Enhances workplace culture and connectivity through engagement tools.

• Key Features: Communication tools, feedback systems, employee surveys.

7. HR Reporting & Insights

• Description: Provides data-driven insights for strategic decision-making and compliance.

• Key Features: Custom reporting, dashboards, compliance monitoring.

8. Mobile Solutions

• Description: Offers mobile capabilities for on-the-go access to HR services.

• Key Features: Mobile app for employee access, flexible communication, time tracking.

Recent Developments

• Recent Developments: No information is available about specific recent developments.

• New Products Launched: No information is available.

• New Features Added: No information is available.

• New Partnerships: No information is available.

Recognition and Achievements

• Awards:

• Newsweek's America's Greatest Workplaces for Diversity 2024

• SIIA CODiE Award for Best HCM Technology

• Recognition in NelsonHall’s Next Generation HCM Technology NEAT report as Leader

• Various G2 Awards including Best Enterprise, Mid-Market, and Small Business categories

Conclusion

Paylocity stands out for its comprehensive suite of HR and payroll solutions that cater to businesses of different sizes. With a commitment to innovation, strong client partnerships, and continuous improvement, Paylocity positions itself as a leader in the HR and payroll technology space. The company thrives on diversity, customer satisfaction, and service excellence, as reflected in its numerous awards and recognitions.