Paylocity Review

Paylocity
Product:
Vendor:
Founded:
Headquarters:
Paylocity
Paylocity
1997
Schaumburg, IL
Ownership:
Customers:
Deployment Model:
Free Trial:
Public
Unknown
Cloud
No
Download Comparison Guide

Paylocity At A Glance

Good: Community feature for users to learn new company updates and interact with co-workers, automated expense reimbursement feature, full-service tax filing.
Bad: Creating reports can be cumbersome, interface is not always user-friendly.
Bottom Line: Unified, cloud-based solution that streamlines important HR processes.

Product Overview

Paylocity is a cloud-based human capital management (HCM) solution that streamlines tasks, allowing HR administrators to focus more on the strategic activities, such as improving employee engagement. The software includes features for managing the entire employee lifecycle, from recruiting to succession planning.

Paylocity has several benefits, listed below.

  • Self-service functionality that lets employees view or update their personal information without having to rely on HR
  • Built-in tax services, including preparing, filing and paying federal, state, and local taxes
  • An intuitive dashboard where users can easily set up and monitor integrations with third-party systems (e.g., ERP, accounting)
  • A mobile app that lets users access Paylocity’s features while away from the office
  • An expense management feature that automates the reimbursement process

Paylocity’s five core modules are:

  • Payroll
  • Human resources
  • Talent management
  • Benefits administration
  • Time and labor management

We detail each module in our Features section below.

Features

Payroll – The Web Pay payroll module includes new hire and quick edit templates, custom checklists and a preprocess register for verifying payroll data before it’s finalized. The compliance dashboard tracks data that’s related to labor laws and informs administrators of any changes. Administrators can also monitor and verify I-9 work authorization processes as well as assign compliance training courses to employees.

Paylocity offers full-service tax filing for companies that want to outsource this function. The service includes preparing and filing unemployment returns, state and local tax withholding forms, and W2, 1095 and 1099M forms. Paylocity can resolve tax issues on the client’s behalf and honor interest or penalties that occur as a result of their errors.

The software also has an expense management feature. Employees can capture their receipts via the Paylocity mobile app and submit them to the finance team. Expenses can be grouped into specific categories (e.g., travel, meals) for better organization. The reimbursement approval process is automated, so employees can get reimbursed faster.

Human resources – With the HR module’s self-service portal, employees can update their personal information, view their paychecks and benefit plans, and submit time-off requests for manager approval. There’s also a social collaboration feature called Community that helps employees receive company updates and interact with their co-workers.

For administrators, there’s an onboarding portal that collects new hire data that is then automatically sent to the payroll module. Administrators can customize the portal to include a welcome message and company information. In addition, the reporting and analytics tool provides an ad-hoc report writer and over 100 standard templates for monitoring real-time data on metrics, such as headcount, labor costs and retention.

Talent management – The talent management module offers applicant tracking, performance management, compensation management and learning management features. Recruiters can send job postings to Indeed or social media sites, create customized job applications and communicate with the hiring team. Paylocity integrates with Checkr for background checks.

The performance management feature supports ongoing feedback rather than just annual feedback. It includes customizable review templates, goal management and 360-degree review capability. The compensation management functionality provides customizable raise and bonus plans based on a company’s pay cycle.

Paylocity also has a built-in LMS where managers can browse a training library or create their own course content. They can assign courses to employees and monitor their learning progress.

Benefits administration – In this module, employees can enroll in benefits plans and update information, such as life events, contributions and beneficiaries. It also gives administrators the ability to configure various plan types (e.g., health, retirement) and send data files to various benefits carriers electronically. Administrators can monitor open enrollment status, plan contributions and other metrics using Paylocity’s reporting and analytics tools. Finally, companies can manage flexible benefits offerings within the software, such as flexible spending accounts (FSA), health savings account (HSA) and COBRA.

Time and labor management – Web Time, Payolocity’s time and labor module, can capture time data from any employees, regardless of type (e.g., hourly, salaried, remote). Managers can create, edit and track shift schedules, run reports via the Supervisor Dashboard and assign points for absenteeism and tardiness. The module also has mobile features, such as clock-in/clock-out via mobile devices, geo-fencing and time off requests.

Target Market

Paylocity targets small, midmarket and enterprise companies in many industries. We’ve listed several of its clients below.

  • Colorado Kidney Care
  • Equity Resources
  • Gateway Industrial Services
  • Raising Cane's
  • Statewide Remodeling
  • Stonewall Kitchen
  • Sullivans Tire
  • Tangent
  • The Boiling Crab
  • The Sphere Institute

Free Report: 5 Essential Steps for Choosing the Right HR Software

Choosing an HR Software solution is all about finding the right fit. Our report will walk you through the process and help you make a smart purchasing decision. Download Now

Implementation/Integration

New clients work with an assigned Account Manager who will be their point of contact during and after the implementation process. The specific details of each process, including the timeline, may differ depending on the client’s needs and requirements.

Customer Service & Support

Paylocity offers phone and email support during normal business hours, and users can access the self-help knowledge base anytime. Paylocity provides unlimited online training courses on its various modules and features as well as an annual user group conference where clients can learn about new features and network with other users.

Pricing

Paylocity doesn’t publicly display its pricing. Please contact the company directly for a quote.

Shortcomings

Some users feel that the reporting tools, especially creating reports, can be cumbersome. Also, a few users say that the interface has a dated look and it can be difficult to find specific features.

Screenshots

Paylocity Screenshot 1
Paylocity Screenshot 2
Paylocity Screenshot 3

Paylocity Review Q&A

No questions posted yet

Sign in with Linkedin to leave a question

Thanks for submitting your question

We'll reach out to the vendor and will post their reply once we receive it

Thanks for submitting your answer

Your answer will be published after moderation

About

Founded in 1997, Paylocity is a leading provider in cloud-based payroll and HCM solutions. Its unified software aims to help companies streamline HR tasks so companies can focus on improving employee engagement.

Paylocity has received many awards over the years, including Glassdoor’s 2019 Best Places to Work, SellingPower’s 2019 50 Best Companies to Sell For and Battery Ventures’ 2019 Highest Rated Public Cloud Companies to Work For.

The company is headquartered in Chicago and has additional locations in several states, such as New York, Florida and California.

Download Vendor Comparison Guide
Send feedback or corrections to feedback@betterbuys.com.

Related Solutions






User Reviews

  • User Rating
  • No Rating Yet!
  • 0%
  • (0) No reviews yet!

No Rating Yet!

0%

  • Features
    User: 0%
  • Ease of Use
    User: 0%
  • Ease of Implementation
    User: 0%
  • Support
    User: 0%


No one has rated this yet, be the first! No one has rated this yet, be the first!



Write a Review

*