Review of Paylocity Payroll Services

History

Founded in 1997, Paylocity is a cloud-based provider of payroll and human capital management (HCM) solutions. Over the years, Paylocity has grown to become one of the leading companies in the payroll and HCM space, serving over 20,000 medium-sized businesses across the United States. The company’s headquarters is located in Schaumburg, Illinois, but they offer their services nationwide, demonstrating a strong commitment to innovation and client satisfaction.

Paylocity Payroll Services

Paylocity’s suite of services includes payroll, human resources, and benefits outsourcing. The payroll service is known for its comprehensive features, including direct deposit, check printing, payroll tax filing, new hire reporting, 401(k) tracking, and garnishment payment delivery, among others. It also offers integrations with other systems like accounting software and time-tracking solutions, offering a highly interoperable solution.

Its human resources services offer employee record keeping, compliance management, employee onboarding, performance review support, and much more. Benefits outsourcing features include benefits management, enrollment, and compliance, 401(k) administration, among others.

Paylocity also offers features like advanced analytics, mobile access, self-service portals, and document management capabilities. It’s not just a payroll service provider, but a full-scale HCM solution provider.

Advantages

1. Intuitive and User-friendly: Paylocity is known for its easy-to-use, intuitive interface that simplifies payroll and HR management. It’s also easily accessible via a mobile app, ensuring on-the-go access to important features.
2. Comprehensive Reporting: Paylocity offers robust reporting options, including standard reports and the ability to create custom reports, making it easier to track and analyze your payroll and HR data.
3. Exceptional Customer Service: Paylocity’s reputation for customer service is solid. It offers comprehensive support resources including a dedicated account manager, online support, training resources, and a support hotline.
4. Scalability: Whether you’re a small business or a large enterprise, Paylocity can grow with you. Its scalability allows it to meet the needs of a variety of businesses.

Disadvantages

1. Cost: Paylocity tends to be on the higher end of the price scale for payroll services. This may make it less attractive for small businesses or startups operating on a tight budget.
2. Complexity: While its wide range of features is an advantage, it could also be overwhelming for users who are looking for a simple payroll solution. Some businesses may find they are paying for features they don’t necessarily need.
3. Implementation: Switching to Paylocity could be a daunting task for some companies. Despite offering support, the time and effort required for data migration and setting up can be significant.

Paylocity Payroll Cost

From our research, Paylocity hasn’t publicly disclosed their pricing, and it tends to vary depending on the company’s specific needs, size, and the services required.

Paylocity is a reputable and robust payroll and HCM solution provider that offers a wide range of services to cater to businesses of all sizes. While its cost and complexity may be a drawback for some, its robust features, scalability, and commitment to customer service make it a worthwhile consideration for many companies.

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