Best option for companies with under 500 FTEs with robust functionality and competitive pricing
Overall Satisfaction with Paylocity
We use Paylocity as our Human Resources Information System (HRIS) and most its adjuvant modules (Recruiting, Benefits, Expenses, Performance, Timekeeping, Payroll, etc). We have about 150 employees in 22 states who all work remotely so we needed a robust system that was easy for users to navigate, but comprehensive enough for the company. I personally have vetted, implemented, and used several other softwares, so finding the right fit for my current company was fairly easy - Paylocity was on the short list from the beginning. I find Paylocity to be the most all-encompassing and cost-effective. What we need it to do (the core HR and payroll functions) it does really well. But what we really find value in is the other modules that all link together. It's one database, instead of several so updates are made throughout Paylocity. Paylocity makes Human Resources administration easy.
Pros
- Timekeeping
- Payroll
- Performance Management
- Recruiting
Cons
- Customer Service after Implementation
- Benefits Administration
- E-Sign Documents for Employees
- Reduced Cost
- Reduced or Eliminated Payroll Errors
- 100% Compliance in all the Key Areas
- Better Insight into Employee Demographics
We are a company with a small team of 3 (Talent Acquisition, HR, and Payroll) so we need software that streamlines and integrates all the various aspects of hiring, employing, and off-boarding employees. Paylocity has automated every aspect of our HR department. From talent acquisition to off-boarding, Paylocity (mostly) seamlessly manages the employee life-cycle so we can focus on strategic initiatives that drive value for the company.
Paylocity's employee engagement tools aren't something that we really use. Slack is our go-to for communications for a 100% remote company so Paylocity's Community page and Impressions aren't something our employees have embraced. I do still push people to Community for updates from HR, but we only see 10-15 employees view the announcements within 7 days of publication - so not great engagement. Surveys is a useful module and one I have used but it lacks some of the functionality that Survey Monkey offers so we only use Surveys for simple HR and Benefits surveys.
Paylocity is a nice middle ground between functionality and cost. You get everything you need and more for a reasonable amount per month. They also don't nickel and dime you for add-ons which we liked. I will say that for over 500 employees, I like UKG the best, but they are also the most expensive out of the softwares I evaluated in 2022. Paycom also has a really nice system and was our second choice after Paylocity.
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
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