Best value for features, cost and ease of use!
February 07, 2023

Best value for features, cost and ease of use!

Anonymous | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with Paylocity

Paylocity's platform makes processing payroll a simple task. The Self-Service Portal creates a streamlined approach for entering time off requests and expense reporting for both the employees and the supervisors. We also have a 360 degree feed with our 401(k) provider eliminating the need to enter changes into the payroll system, as well as enter the deductions and employer matching amounts each payroll cycle. I used Paylocity in my previous position, so the decision to transition from a competitor's platform was an easy decision.

Pros

  • Self-Service Portal
  • Integrations with other systems
  • Payroll Tax
  • Expense Reporting and Processing
  • Customer Service
  • General Ledger Reporting and Importing

Cons

  • Improved reporting for expenses - the reporting only gives the out of the box categories and the custom categories added by the employer show up as "other"
  • Reduced costs
  • Time savings when processing payroll
  • Reduced errors
Paylocity's automation tools save us time since most of the processes are streamlined and efficient.
We do not use the employee engagement tools.
Employees did not have any visibility into their profiles and we also experienced issues giving them access to their paystubs. The reporting was very basic and we spent a lot of time putting together the detailed journal entry. We are saving on the cost, as well.

Do you think Paylocity delivers good value for the price?

Yes

Are you happy with Paylocity's feature set?

Yes

Did Paylocity live up to sales and marketing promises?

Yes

Did implementation of Paylocity go as expected?

Yes

Would you buy Paylocity again?

Yes

I cannot think of a scenario where a business couldn't benefit from using the tool.

Paylocity Feature Ratings

Employee demographic data
Not Rated
Employment history
10
Job profiles and administration
10
Workflow for transfers, promotions, pay raises, etc.
10
Organizational charting
Not Rated
Organization and location management
Not Rated
Compliance data (COBRA, OSHA, etc.)
Not Rated
Pay calculation
10
Support for external payroll vendors
10
Off-cycle/On-Demand payment
Not Rated
Benefit plan administration
Not Rated
Direct deposit files
10
Salary revision and increment management
10
Reimbursement management
10
Approval workflow
10
Balance details
10
Annual carry-forward and encashment
Not Rated
View and generate pay and benefit information
Not Rated
Update personal information
10
View job history
10
View company policy documentation
10
Employee recognition
Not Rated
Tracking of all physical assets
Not Rated
Not Rated
Report builder
Not Rated
Pre-built reports
Not Rated
Ability to combine HR data with external data
Not Rated
Performance plans
Not Rated
Performance improvement plans
Not Rated
Review status tracking
Not Rated
Review reminders
Not Rated
Multiple review frequency
Not Rated
Create succession plans/pools
Not Rated
Candidate ranking
Not Rated
Candidate search
Not Rated
Candidate development
Not Rated
Not Rated
New hire portal
Not Rated
Manager tracking tools
Not Rated
Corporate goal setting
Not Rated
Individual goal setting
Not Rated
Line-of sight-visibility
Not Rated
Performance tracking
Not Rated
Job Requisition Management
Not Rated
Company Website Posting
Not Rated
Publish to Social Media
Not Rated
Job Search Site Posting
Not Rated
Duplicate Candidate Prevention
Not Rated
Applicant Tracking
Not Rated
Notifications and Alerts
Not Rated

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