Paylocity vs. Pequity

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Paylocity
Score 7.9 out of 10
N/A
Paylocity provides 24/7 access to your online payroll and human resource data management. Paylocity offers highly customizable payroll functionality, as well as HR, benefits administration, and time and talent management programs.N/A
Pequity
Score 0.0 out of 10
N/A
Pequity is a compensation platform for compensation leaders, used to compete for, attract and retain top talent, at scale. Pequity simplifies benchmarking and data submission, pay band creation, recruiting insights and data sharing, compensation cycle management, candidate and employee education, and communication.N/A
Pricing
PaylocityPequity
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
PaylocityPequity
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
PaylocityPequity
Features
PaylocityPequity
Human Resource Management
Comparison of Human Resource Management features of Product A and Product B
Paylocity
7.9
1617 Ratings
3% below category average
Pequity
-
Ratings
Employee demographic data8.31550 Ratings00 Ratings
Employment history8.11501 Ratings00 Ratings
Job profiles and administration7.81397 Ratings00 Ratings
Workflow for transfers, promotions, pay raises, etc.7.71412 Ratings00 Ratings
Organizational charting7.81295 Ratings00 Ratings
Organization and location management8.11269 Ratings00 Ratings
Compliance data (COBRA, OSHA, etc.)7.71097 Ratings00 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Paylocity
8.3
1550 Ratings
2% above category average
Pequity
-
Ratings
Pay calculation8.61524 Ratings00 Ratings
Support for external payroll vendors8.0774 Ratings00 Ratings
Off-cycle/On-Demand payment8.61205 Ratings00 Ratings
Benefit plan administration7.61057 Ratings00 Ratings
Direct deposit files8.91514 Ratings00 Ratings
Salary revision and increment management8.31232 Ratings00 Ratings
Reimbursement management7.6781 Ratings00 Ratings
Leave and Attendance Management
Comparison of Leave and Attendance Management features of Product A and Product B
Paylocity
7.8
1313 Ratings
4% below category average
Pequity
-
Ratings
Approval workflow7.91171 Ratings00 Ratings
Balance details7.61265 Ratings00 Ratings
Annual carry-forward and encashment7.91021 Ratings00 Ratings
Employee Self Service
Comparison of Employee Self Service features of Product A and Product B
Paylocity
8.4
1556 Ratings
3% above category average
Pequity
-
Ratings
View and generate pay and benefit information8.71522 Ratings00 Ratings
Update personal information8.71551 Ratings00 Ratings
View company policy documentation8.01275 Ratings00 Ratings
Employee recognition8.01156 Ratings00 Ratings
View job history8.51367 Ratings00 Ratings
Asset Management
Comparison of Asset Management features of Product A and Product B
Paylocity
7.4
504 Ratings
8% below category average
Pequity
-
Ratings
Tracking of all physical assets7.4506 Ratings00 Ratings
HR Reporting
Comparison of HR Reporting features of Product A and Product B
Paylocity
7.2
1445 Ratings
4% below category average
Pequity
-
Ratings
Report builder7.31396 Ratings00 Ratings
Pre-built reports7.51414 Ratings00 Ratings
Ability to combine HR data with external data6.9936 Ratings00 Ratings
Onboarding
Comparison of Onboarding features of Product A and Product B
Paylocity
8.1
1356 Ratings
2% above category average
Pequity
-
Ratings
New hire portal8.31354 Ratings00 Ratings
Manager tracking tools7.91108 Ratings00 Ratings
Performance and Goals
Comparison of Performance and Goals features of Product A and Product B
Paylocity
7.6
773 Ratings
6% below category average
Pequity
-
Ratings
Corporate goal setting7.5622 Ratings00 Ratings
Individual goal setting7.6718 Ratings00 Ratings
Line-of sight-visibility7.4560 Ratings00 Ratings
Performance tracking7.8721 Ratings00 Ratings
Performance Management
Comparison of Performance Management features of Product A and Product B
Paylocity
7.6
965 Ratings
4% below category average
Pequity
-
Ratings
Performance plans7.4883 Ratings00 Ratings
Performance improvement plans7.2770 Ratings00 Ratings
Review status tracking7.8891 Ratings00 Ratings
Review reminders7.8898 Ratings00 Ratings
Multiple review frequency7.8765 Ratings00 Ratings
Succession Planning
Comparison of Succession Planning features of Product A and Product B
Paylocity
7.5
532 Ratings
5% below category average
Pequity
-
Ratings
Create succession plans/pools7.4369 Ratings00 Ratings
Candidate ranking7.6432 Ratings00 Ratings
Candidate search7.7488 Ratings00 Ratings
Candidate development7.2401 Ratings00 Ratings
Recruiting / ATS
Comparison of Recruiting / ATS features of Product A and Product B
Paylocity
8.0
919 Ratings
2% above category average
Pequity
-
Ratings
Job Requisition Management8.1797 Ratings00 Ratings
Company Website Posting8.3823 Ratings00 Ratings
Publish to Social Media7.9647 Ratings00 Ratings
Job Search Site Posting7.9791 Ratings00 Ratings
Duplicate Candidate Prevention7.4688 Ratings00 Ratings
Applicant Tracking8.2853 Ratings00 Ratings
Notifications and Alerts8.0854 Ratings00 Ratings
Best Alternatives
PaylocityPequity
Small Businesses
Dayforce Powerpay
Dayforce Powerpay
Score 9.2 out of 10
Arcoro HR
Arcoro HR
Score 7.6 out of 10
Medium-sized Companies
Paypro Workforce Management
Paypro Workforce Management
Score 9.1 out of 10
PayScale Insight Lab
PayScale Insight Lab
Score 10.0 out of 10
Enterprises
PeopleStrong
PeopleStrong
Score 10.0 out of 10
SAP SuccessFactors HCM
SAP SuccessFactors HCM
Score 8.4 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
PaylocityPequity
Likelihood to Recommend
8.0
(1713 ratings)
-
(0 ratings)
Likelihood to Renew
9.2
(180 ratings)
-
(0 ratings)
Usability
8.1
(526 ratings)
-
(0 ratings)
Availability
8.9
(41 ratings)
-
(0 ratings)
Performance
8.4
(39 ratings)
-
(0 ratings)
Support Rating
7.6
(167 ratings)
-
(0 ratings)
In-Person Training
7.3
(7 ratings)
-
(0 ratings)
Online Training
8.3
(35 ratings)
-
(0 ratings)
Implementation Rating
6.6
(100 ratings)
-
(0 ratings)
Configurability
7.6
(33 ratings)
-
(0 ratings)
Contract Terms and Pricing Model
8.0
(29 ratings)
-
(0 ratings)
Ease of integration
7.5
(33 ratings)
-
(0 ratings)
Product Scalability
8.3
(40 ratings)
-
(0 ratings)
Professional Services
8.6
(20 ratings)
-
(0 ratings)
Vendor post-sale
7.9
(38 ratings)
-
(0 ratings)
Vendor pre-sale
8.6
(36 ratings)
-
(0 ratings)
User Testimonials
PaylocityPequity
Likelihood to Recommend
Paylocity
Recordkeeping, filing reports, paying taxes, and having one location for everything is amazing. From recruiting to onboarding, we still need to make changes so we have less paperwork to manage, such as permission to run background checks and drug testing. We will work on this, but when you are busy, it is easy to put this off.
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Pequity
No answers on this topic
Pros
Paylocity
  • The simpleness of the home screen for employees and the ease of use.
  • The employee profile and the ease of accessing everything related to employees. Centrally located.
  • The Community Page is a great tool for communicating with all employees or a specific group.
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Pequity
No answers on this topic
Cons
Paylocity
  • It requires me to use either Chrome or Edge so I can use Paylocity. It doesn't support Firefox, which is the browser I was using prior to being forced to switch to Edge so I can use the software and sign my contract.
  • Time entries are not auto saved. This happened once or twice to me in the past year when I was submitting my time entries and a sudden power outage happened, I was halfway and basically, I needed to start from scratch since it does not have auto save.
  • Mobile app is still buggy. It happened to be 3 times that it didn't reliably let me clock in that I had to do it on my work computer - so I had to give it up and use the web version.
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Pequity
No answers on this topic
Likelihood to Renew
Paylocity
There are several technical issues we have experienced this past year with the employee onboarding process that we are still waiting to have resolved. Overall our experience with Paylocity has been positive, and we love how user-friendly and easy to navigate the system is. It has made all of our HR processes much more streamlined and efficient.
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Pequity
No answers on this topic
Usability
Paylocity
I gave Paylocity an 8 because it's easy to use once you learn it, and it saves a lot of time by keeping payroll, time tracking, and HR in one place. It has a lot of useful features, but some reports and settings can be confusing, and it takes time to learn everything. Overall, it works well and makes our job easier.
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Pequity
No answers on this topic
Reliability and Availability
Paylocity
Over the last 3 years, we've only had one major service issue that rendered Airbase unusable for us for about 24 hours. That said, they navigated the SVB bank crisis very well and made sure funds were available during that time.
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Pequity
No answers on this topic
Performance
Paylocity
We had some minor hiccups throughout the year but they have all been fixable. Paylocity integrates well with our 401k provider, Principal, and our benefits, OneDigital. It makes it simple to house everything and have it all connected. It doesn't slow anything down to have Principal integrated. It makes it more efficient
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Pequity
No answers on this topic
Support Rating
Paylocity
It is very hard to get answers to your questions, you cannot speak to someone without days of requesting assistance or answers and then eventually can get a call back and then it is usually resolved fairly quickly. But NOT easy to get that help.
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Pequity
No answers on this topic
In-Person Training
Paylocity
I didn't have in-person training, but I'm sure it was just as great as any other training/assistance Paylocity provides. Paylocity customer service is always available. You never have to be on hold and their answers are always accurate and timely. Documents in the help section are helpful as well. My in-person training was conducted y one of our employees who was involved in the initial set-up and training of all employees. She was excellent.
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Pequity
No answers on this topic
Online Training
Paylocity
Our rep was very thorough and made sure we fully understood the software before turning us loose alone. Paylocity was very good to do periodic check ins to ensure we understood the features and answered any questions we had. The training reps are very well trained and are very patient with clients.
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Pequity
No answers on this topic
Implementation Rating
Paylocity
Implementation was a bit bumpy and Paylocity team not always available for next steps and/or questions. I feel like Paylocity could have done a better job in their fact finding as far as what we were currently doing, our payroll policies and needs, etc. so that we would have run into less issues as we moved forward.
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Pequity
No answers on this topic
Alternatives Considered
Paylocity
Paylocity is SO far ahead of Paycor, it's not even funny. Just from the implementation standpoint alone, Paycor was an absolute nightmare. Paylocity had some struggles, but that goes along with any implementation. The experience with Paylocity was LIGHTYEARS ahead of our experience with Paycor, and the system itself is so, so much better.
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Pequity
No answers on this topic
Contract Terms and Pricing Model
Paylocity
Everyone wants a good deal of course. We thought we did ok and felt you still made your money also
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Pequity
No answers on this topic
Scalability
Paylocity
We have gone from a medium sized company to a larger company with no issues whatsoever with Paylocity being able to keep up or do what we need it to do for the size of our needs. In fact, it does more than we even use at this juncture
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Pequity
No answers on this topic
Professional Services
Paylocity
Some are knowledgable others not as much and sometimes instead of helping you fix the issue will just give you some directions and expect you to try to figure it out yourself. Also, when your Account Manager needs to escliate the issue to another group, it can take a long time for them to get to your issue and there's no commuication.
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Pequity
No answers on this topic
Return on Investment
Paylocity
  • The time savings alone is worth the cost. I went from having to spend 3 - 4 full business days on payroll to about 1.
  • Being able to look all employee data up in one place is a lifesaver and time saver - even outside of the office if I need to access information quickly it is all just a sign in away.
  • It has saved significant time and reduced confusion related to onboarding. Everyone is able to see what stage an employee is at, I do not need to worry about employees potentially working for us illegally thanks to eVerify, and I am always assured that all required documentation for regulatory purposes has been obtained prior to employment beginning.
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Pequity
No answers on this topic
ScreenShots

Paylocity Screenshots

Screenshot of a view of real-time employee data and performance metrics used to uncover and analyze trends. This creates an impactful understanding of the business, increase retention, understand labor costs, and plan for changes.Screenshot of where to automate manual processes with Paylocity's self-serve automation engine, Workflows. Users can implement routines for time-consuming manual tasks.Screenshot of where to manage and comply with employment law. Paylocity's HR Compliance solution helps users to stay on track and view important employee compliance items, from Equal Employment Opportunity (EEO), healthcare, and compensation.Screenshot of how Paylocity Recruiting can automate hiring processes. amplify outreach, showcase a company's culture, and build stronger candidate connections to swiftly fill positions.Screenshot of recognition and rewards in Paylocity.