Paylocity Holding Corporation (PCTY)

Overview

Paylocity Holding Corporation, established in 1997 and based in Schaumburg, Illinois, specializes in providing advanced cloud-based human capital management and payroll software solutions. Catering primarily to the United States workforce, the company integrates a comprehensive array of services designed to streamline payroll processes, enhance human capital management, and ensure compliance with regulatory requirements. Serving a diverse range of industries, including business services, financial services, healthcare, manufacturing, restaurants, retail, technology, and more, Paylocity has become a preferred provider for both for-profit and non-profit organizations seeking efficient workforce management solutions. Its commitment to innovation and customer service excellence is embodied in its extensive product offerings and tailored services, delivered through its team of dedicated sales representatives.

Products and Services

Payroll and Tax Services: This offering is designed to simplify the payroll process, automate key tasks, and manage compliance requirements within a single system. It also includes specialized services like expense management, on-demand payments, and garnishment solutions.

Human Capital Management and Employee Self-Service Solutions: Features include a document library for efficient file management, a compliance dashboard to stay ahead of regulatory changes, and HR edge for comprehensive human resources assistance.

Time and Attendance Solution: A complete suite to manage employees' time and attendance, including schedule tracking services and various time collection devices such as kiosks, time clocks, mobile and web applications.

Talent Management Solutions: This category encompasses recruiting and onboarding tools, alongside systems for learning, performance, and compensation management, aimed at enhancing the overall talent acquisition and retention process.

Third-Party Administrative Solutions: Paylocity offers solutions that cater to the administrative needs of third-party entities, facilitating smoother operations and workforce management.

Employee Experiences Solutions: Designed to boost engagement, this set includes community interactions, premium video content, surveys, and peer recognition tools to foster a cohesive and motivating work environment.

Insights and Recommendations Solutions: Providing modern workforce index measurements, data insights, and comprehensive reporting tools to empower businesses with actionable intelligence for strategic decision-making.

Implementation and Training, Client, and Tax and Regulatory Services: Beyond its software solutions, Paylocity provides thorough implementation assistance, ongoing client support, and specialized services to navigate the complexities of tax and regulatory compliance, ensuring a seamless user experience from start to finish.