Paylocity vs. WEX Benefits

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Paylocity
Score 8.2 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
WEX Benefits
Score 4.4 out of 10
N/A
WEX Benefits is a suite of benefits administration solutions, positioned to help employers provide healthcare benefit management for their employees.N/A
Pricing
PaylocityWEX Benefits
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
PaylocityWEX Benefits
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
PaylocityWEX Benefits
Considered Both Products
Paylocity
Chose Paylocity
There is good and bad in both. Time and labor in Ceridian Dayforce are amazing and the easiest I have used. On the other hand, recruiting in Dayforce was challenging and Paylocity has made their module very easy to use. Performance in both is similar. Compensation management in …
WEX Benefits
Chose WEX Benefits
We formerly used TASC and it was a nightmare. We were not at all confident in their administration or compliance of FSAs, HSAs, or COBRA. When we were looking for a new third party administrator to replace TASC, we were immediately drawn to WEX Health. They offered an …
Features
PaylocityWEX Benefits
Human Resource Management
Comparison of Human Resource Management features of Product A and Product B
Paylocity
7.8
1410 Ratings
4% below category average
WEX Benefits
-
Ratings
Employee demographic data8.51341 Ratings00 Ratings
Employment history8.11291 Ratings00 Ratings
Job profiles and administration7.91209 Ratings00 Ratings
Workflow for transfers, promotions, pay raises, etc.7.61221 Ratings00 Ratings
Organizational charting7.31124 Ratings00 Ratings
Organization and location management7.91102 Ratings00 Ratings
Compliance data (COBRA, OSHA, etc.)7.5939 Ratings00 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Paylocity
8.3
1350 Ratings
2% above category average
WEX Benefits
-
Ratings
Pay calculation8.71317 Ratings00 Ratings
Support for external payroll vendors7.8658 Ratings00 Ratings
Off-cycle/On-Demand payment8.71019 Ratings00 Ratings
Benefit plan administration7.6912 Ratings00 Ratings
Direct deposit files8.91312 Ratings00 Ratings
Salary revision and increment management8.21061 Ratings00 Ratings
Reimbursement management7.9667 Ratings00 Ratings
Leave and Attendance Management
Comparison of Leave and Attendance Management features of Product A and Product B
Paylocity
7.5
1142 Ratings
9% below category average
WEX Benefits
-
Ratings
Approval workflow7.61017 Ratings00 Ratings
Balance details7.31089 Ratings00 Ratings
Annual carry-forward and encashment7.6864 Ratings00 Ratings
Employee Self Service
Comparison of Employee Self Service features of Product A and Product B
Paylocity
8.4
1360 Ratings
2% above category average
WEX Benefits
-
Ratings
View and generate pay and benefit information8.61325 Ratings00 Ratings
Update personal information8.71348 Ratings00 Ratings
View company policy documentation8.11098 Ratings00 Ratings
Employee recognition8.3994 Ratings00 Ratings
View job history8.51179 Ratings00 Ratings
Asset Management
Comparison of Asset Management features of Product A and Product B
Paylocity
7.3
436 Ratings
9% below category average
WEX Benefits
-
Ratings
Tracking of all physical assets7.3436 Ratings00 Ratings
HR Reporting
Comparison of HR Reporting features of Product A and Product B
Paylocity
7.3
1260 Ratings
3% below category average
WEX Benefits
-
Ratings
Report builder7.31208 Ratings00 Ratings
Pre-built reports7.51227 Ratings00 Ratings
Ability to combine HR data with external data7.1803 Ratings00 Ratings
Onboarding
Comparison of Onboarding features of Product A and Product B
Paylocity
8.3
1181 Ratings
4% above category average
WEX Benefits
-
Ratings
New hire portal8.41173 Ratings00 Ratings
Manager tracking tools8.1949 Ratings00 Ratings
Performance and Goals
Comparison of Performance and Goals features of Product A and Product B
Paylocity
7.8
670 Ratings
3% below category average
WEX Benefits
-
Ratings
Corporate goal setting7.7537 Ratings00 Ratings
Individual goal setting7.8618 Ratings00 Ratings
Line-of sight-visibility7.8476 Ratings00 Ratings
Performance tracking7.9626 Ratings00 Ratings
Performance Management
Comparison of Performance Management features of Product A and Product B
Paylocity
7.6
841 Ratings
4% below category average
WEX Benefits
-
Ratings
Performance plans7.4766 Ratings00 Ratings
Performance improvement plans7.4663 Ratings00 Ratings
Review status tracking7.7772 Ratings00 Ratings
Review reminders7.7778 Ratings00 Ratings
Multiple review frequency7.7655 Ratings00 Ratings
Succession Planning
Comparison of Succession Planning features of Product A and Product B
Paylocity
7.6
447 Ratings
2% below category average
WEX Benefits
-
Ratings
Create succession plans/pools7.2308 Ratings00 Ratings
Candidate ranking7.5362 Ratings00 Ratings
Candidate search8.1404 Ratings00 Ratings
Candidate development7.6331 Ratings00 Ratings
Recruiting / ATS
Comparison of Recruiting / ATS features of Product A and Product B
Paylocity
8.0
791 Ratings
4% above category average
WEX Benefits
-
Ratings
Job Requisition Management8.1681 Ratings00 Ratings
Company Website Posting8.2708 Ratings00 Ratings
Publish to Social Media8.0549 Ratings00 Ratings
Job Search Site Posting8.1675 Ratings00 Ratings
Duplicate Candidate Prevention7.6577 Ratings00 Ratings
Applicant Tracking8.2734 Ratings00 Ratings
Notifications and Alerts7.9728 Ratings00 Ratings
Best Alternatives
PaylocityWEX Benefits
Small Businesses
Dayforce Powerpay
Dayforce Powerpay
Score 9.5 out of 10
OnPay
OnPay
Score 9.6 out of 10
Medium-sized Companies
Paypro Workforce Management
Paypro Workforce Management
Score 9.7 out of 10
Paypro Workforce Management
Paypro Workforce Management
Score 9.7 out of 10
Enterprises
PeopleStrong
PeopleStrong
Score 9.9 out of 10
Infor Human Resources
Infor Human Resources
Score 7.1 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
PaylocityWEX Benefits
Likelihood to Recommend
8.4
(1319 ratings)
3.5
(10 ratings)
Likelihood to Renew
8.7
(152 ratings)
-
(0 ratings)
Usability
8.2
(123 ratings)
5.5
(2 ratings)
Availability
8.8
(33 ratings)
-
(0 ratings)
Performance
8.4
(32 ratings)
-
(0 ratings)
Support Rating
7.2
(139 ratings)
1.0
(1 ratings)
In-Person Training
8.0
(5 ratings)
-
(0 ratings)
Online Training
7.9
(23 ratings)
-
(0 ratings)
Implementation Rating
7.4
(81 ratings)
-
(0 ratings)
Configurability
7.2
(23 ratings)
-
(0 ratings)
Contract Terms and Pricing Model
8.5
(21 ratings)
-
(0 ratings)
Ease of integration
7.2
(25 ratings)
-
(0 ratings)
Product Scalability
8.1
(32 ratings)
-
(0 ratings)
Professional Services
8.5
(17 ratings)
-
(0 ratings)
Vendor post-sale
7.2
(30 ratings)
-
(0 ratings)
Vendor pre-sale
8.3
(27 ratings)
-
(0 ratings)
User Testimonials
PaylocityWEX Benefits
Likelihood to Recommend
Paylocity
Paylocity is a very user-friendly system. It is very easy to learn and use. They offer features like Time and Labor, Payroll, integrations with other software and Human Resources benefits. They have an excellent onboarding process and feature recruitment right at your fingertips, so you do not have to go on so many job boards. I like their self-service portal because it allows our staff independence on clocking in and out as well as requesting paid time off and our staff can make their own corrections when they miss a punch on their time sheet or forget to clock in and out for lunch or during the day.
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WEX
It is well suited to help us see exactly which employee and which company the employee is with and how much they employee spent. I really like the reports that it generates and the detail it gives. However I would like to see more details. It would be nice to see the exact date the funds were withdrawn and where the funds were spent. I think this could help us determine that the employee is spending the funds at correct locations and help us when we do our reconciliations of these accounts.
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Pros
Paylocity
  • Payroll is made pretty easy. I love that we have the ability to log into payroll, we just upload the information from commissions, things like that where there are exceptions to a regular payroll run. It may make it very easy to do that, just a quick upload. Additionally, when we're in the payroll grid, it gives us the ability to just make quick changes to people's pay or their tax schedule, tax withholdings, things like that without having to go through a lot of different screens. It's just very easy to access just for the click of a button. Love that.
  • We talked about performance reviews, talked about payroll with benefits administration, it allows us to utilize EDI feeds with our benefit vendors so it creates a seamless, but we just enter the information into Paylocity and then it seamlessly provides that information to our vendors. That's been really helpful. And adjusting benefits is also very easy within Paylocity. I love the recent edition of compensation analysis information, so I'm able to go into the compensation module and look for jobs that are similar to a job title at our company. I can enter the job description, I give them what state that the person or the job is in, and it pops out compensation data. It gives me different options, so titles that might be similar. So if there's not something that's an exact fit, I'm able to find something really, really close. It's been a huge upgrade because before that I was having to use a different vendor and paying $400 per job and now it's significantly less expensive to Paylocity and I'm still getting great quality data. It's been very helpful.
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WEX
  • In my opinion, poor application of IRS rules
  • In my experience, frequent denial of coverage to be later reversed
  • In my experience, poor complain processing rules
  • need PAPER checks to be sent if you need to reimburse them. PAPER! They don't accept credit cards. A credit card processing company that doesn't accept credit cards.
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Cons
Paylocity
  • Develop a full AP/AR process that integrates with the other financial tools like payroll, expenses, etc.
  • Have the platform DCAA compliant and have it audited so that companies can use it as a definitive government contracting platform.
  • Develop an improvement that would allow for Time and Labor integration and reporting to Medicaid for service providers so they don't need multiple systems.
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WEX
  • In my experience, WEX has an inability to connect with other entities on the supply chain (bswift, internal benefits department).
  • Slow support request turnaround (3-5 business days).
  • Makes FSA substantiation unnecessarily difficult.
  • Even when there’s a single itemized receipt for all charges, every charge must be substantiated with a separate upload.
  • Even though doing so would satisfy IRS guidelines, WEX won’t accept third party explanations of services as FSA substantiation.
Read full review
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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WEX
No answers on this topic
Usability
Paylocity
I would give it that overall rating because we implemented in 2023 and so although that may feel like a lot of time, it still is, we still have a lot to learn and so I'm optimistic that as we learn more that rating will increase.
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WEX
Easy to use
Read full review
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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WEX
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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WEX
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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WEX
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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WEX
No answers on this topic
Online Training
Paylocity
The training was live online, but was with a group of other companies. We did not receive any personalized training with our team. Whenever we would ask for training, we would be sent a peak article link or a video. It felt like the reps we dealt with didn't know the answer to the questions.
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WEX
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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WEX
No answers on this topic
Alternatives Considered
Paylocity
We went through demos five years ago and we evaluated ADP and UKG in the past, and we used Paycor previously. In the past, I've used ADP and Kronos when it was still Kronos at other companies. So several different ones. One of the main reasons was that it was all one platform and you didn't have to log into other platforms for it to communicate with each other. Payroll talks to time that talks back to payroll and you don't have to log into anything separate. The reporting was also really easy and you didn't have to have a master's degree to do it.
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WEX
We formerly used TASC and it was a nightmare. We were not at all confident in their administration or compliance of FSAs, HSAs, or COBRA. When we were looking for a new third party administrator to replace TASC, we were immediately drawn to WEX Health. They offered an easy-to-use website, and it was clear that they were serious about compliance and proper administration of benefits.
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Contract Terms and Pricing Model
Paylocity
I didn't help but I like the pricing
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WEX
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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WEX
No answers on this topic
Professional Services
Paylocity
They are thorough, care about quality and success, take the time needed to implement properly, answer questions, build data feeds. A professional, caring, very skilled team there.
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WEX
No answers on this topic
Return on Investment
Paylocity
  • So when I first found Paylocity back in 2013 and was pitching it to the senior leadership company, my PowerPoint presentation, our return on investment was reducing errors in time and labor. We did paper time sheets back in the day back in 2007, 2008. So we were always running paper time sheets, Microsoft Excel or other standalone products, printing them out and hand keying them into a payroll system. So my ROI to our company was to save money and time on data entry and also to better manage the taxes. So we pay for the tax service, we're in 27 states having to manage that. Previously we were responsible for knowing what every state tax codes were, what every state tax compliance rules were. So with Paylocity we signed up for a tax service and that has been a huge return on investment.
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WEX
  • It's great to have all of our HSA, FSA and COBRA on one software
  • One software helps reduce redundancy
  • One software helps reduce errors
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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.