Core HR Software
Paylocity was founded in 1997 and was originally known as Ameripay Payroll. The company went public in 2014 raising $119m in its IPO. The company focuses on small and medium-sized organizations, which they define as those having between 20 and 1,000 employees. Paylocity offers a full suite of SaaS Core HR capabilities in addition to online payroll, including onboarding, employee service management, and time and labor. Beyond Core HR, the company also provides performance management and applicant tracking capabilities.
|Revenue Growth 2013-14:||41%*|
|Customers:||Approx. 8500 (from vendor)|
|Employees:||Approx. 970 (from vendor)|
|Rating Attribute||Paylocity Web Pay||# of Reviewers Contributing to Rating Average||Core HR Category Average|
|Likelihood to recommend||7.1||17||7.82|
|Likelihood to renew||9.0||5||7.19|
|Paylocity Pros||Paylocity Cons|
All-in-one system for payroll, HRIS, applicant tracking, onboarding, benefits, timekeeping.
Benefits module is not well integrated with Web Pay.
|HR System of record
Very reliable system of record for all payroll and administration HR tasks for small or medium companies.
|No International functionality
Payroll and benefits functionality restricted to US.
Excellent value for money – the cost is a fraction of the price of some other similar systems.
User interface is dated, but not difficult to use.
Open enrollment benefits wizard is very helpful.
Reporting capabilities could be more flexible with more display options.
Very good custom fields capability – 140 available.
Support gets mixed reviews with some customers reporting prompt and helpful service, while others experience lack of timeliness in answering questions.
Paylocity recently released several product updates that have improved much of the functionality of the WebBenefits platform. As a result, all benefit updates and information flow seamlessly into the Payroll / HR data. Additionally, the user-interface of the Benefit Enrollment platform has been significantly improved giving users a very consumer-like feel. With the use of the Self-Service portal and Mobile App, users can easily complete all benefit enrollment tasks from their mobile devices. All of this information automatically integrates with the Client's Payroll and HR data. The entire User-Interface has been recently updated to provide a streamlined, consumer-like feel. Additionally, Paylocity's mobile app has been completely updated to provide a clean, user-friendly look. Paylocity provides over 100 standard reports as well as the ability to create custom reports. Any additional reporting requirements can be custom-built based on client request.