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Paylocity is a payroll software that helps businesses manage their employees and pay them. It allows employers to automate the process, while offering easy access for employees. Paylocity also has integrations with some of the most popular apps in the industry, including Quickbooks and ADP. Experts say it’s a smart option for business owners who want something simple but professional-looking.,
Paylocity is a payroll software that has been around for over 15 years. It’s also one of the most popular payroll software in the market. However, some people might be wondering if it’s the right payroll software for their business. Read more in detail here: paylocity payroll submission deadline.
Paylocity provides a suite of cloud-based payroll and HR tools to help businesses manage their workforce more efficiently. Users may utilize its platform to automate activities like as payroll, Administration of Benefits, employee time tracking, recruitment, and performance monitoring. It’s perfect for companies searching for an all-in-one, mobile-friendly HR platform.
Paylocity is a great place to start.
Paylocity’s Recommendations
Paylocity allows company owners and HR experts to automate HR and payroll processing procedures on a daily basis. Payroll is the company’s main offering, which includes garnishment management, payroll tax filings, and cost management features. It is a flexible system that allows you to quickly add additional Paylocity modules for recruiting, recording employee data, tracking time and attendance, monitoring performance, managing pay, and administering benefits. It also offers a staff of professionals that can assist you with compliance and tax issues, as well as implementation assistance.
In a nutshell, Paylocity excels at:
- Midsize and large businesses that have complex payroll requirements: Paylocity isn’t the cheapest and charges a setup fee that many small businesses won’t want to pay—we were quoted >$1,000; and some are as high as $4,000+. It can be worth it, however, as you get a dedicated account manager and team who are solely responsible for your services. They do a weekly account review to help identify any issues before they become a problem.
- Companies having personnel that travel for work and/or work in the field: An cost management tool is incorporated in Paylocity’s payroll system. All authorized business reimbursement claims are immediately added to an employee’s paycheck when using this program.
- Paylocity provides a wealth of compliance support that HR managers who already have a full schedule can use to ensure payroll runs smoothly. Growing companies with an HR professional who doesn’t have payroll experience: Paylocity provides a wealth of compliance support that HR managers who already have a full schedule can use to ensure payroll runs smoothly. Support is available by phone and chat at any time. Unlike with other DIY applications, your HR manager will not have to tackle it alone.
When Paylocity Isn’t the Right Fit
- Small firms that need to set up payroll rapidly include: Before you can conduct your first paycheck using Paylocity, you’ll need at least three weeks’ notice. Check out our best options for payroll software if you have a small company and need to pay your workers and file taxes as quickly as possible; several can get you up and running in a week, with account creation taking just minutes for some.
- Companies without a professional HR or payroll manager: Learning Paylocity’s technology might be intimidating due to its extensive features. It might be difficult to accomplish the change without at least one person committed to software training and working with the specialized support team on deployment. To locate easier-to-use payroll services, see our guide to the top payroll services.
If you’re reaching the conclusion of your payroll provider search and need to make a choice, use our step-by-step guide to selecting the best payroll solution to make sure you’ve covered all of your bases.
Overview of Paylocity
Paylocity is a great place to start.
Pricing by Paylocity
Paylocity’s price information isn’t easily accessible on its website, so you’ll need to contact the company for a demo and pricing information. For a package that covers payroll, HR, onboarding, and time management capabilities, we were quoted a monthly charge of $11 per person. A $1,300 implementation fee is also included.
A cost breakdown of the modules contained in the aforesaid bundle was also supplied. Each module of the onboarding and HR solutions costs $1.50 per employee, per month. The payroll and time management systems, on the other hand, cost $5.75 and $2.25 per employee each month, respectively.
Paylocity’s Advantages
Paylocity’s portfolio of products enables customers to more effectively handle day-to-day HR administrative work, enabling them to concentrate on other business priorities. Its platform is extremely flexible and integrates seamlessly with other HCM apps. Here are some of Paylocity’s most useful features.
Management of Payroll and Expenses
Paylocity’s payroll system may help you simplify and speed employee pay procedures. Custom general ledgers, sophisticated calculation reports, and pre-process pay registers are included for examining and validating employee payrolls prior to concluding pay runs. Wage garnishment management and tax reporting services are also available for submitting federal, state, and local payroll taxes.
The built-in expenditure management function of Paylocity’s payroll module sets it apart from competing alternatives. This tool retrieves all authorized business expenditure claims and adds reimbursement amounts to the employee’s salary automatically.
You may also leverage Paylocity’s “on demand payment” capability to provide your staff with a flexible cash flow alternative. During an active pay period, this gives your employees early access to a part of their earned money. Same-day deposits, automated payroll deductions, and real-time net pay computations that indicate actual earnings are all available.
Employees may use Paylocity’s mobile app to obtain “on demand payment.”
Administration of Benefits
You can simply design and administer third-party benefits including medical insurance plans, health savings accounts (HSAs), flexible spending accounts (FSAs), health reimbursement arrangements (HRAs), and transportation management accounts using Paylocity’s employee benefits management system (TMAs).
Its platform allows you to modify user plan limitations, add your company’s enrollment restrictions, and examine plan information online, in addition to administering benefits for various employee groups. Your workers may also manage enrollments and run reports to monitor their contribution amounts using Paylocity’s mobile app (for iOS and Android smartphones).
Employee benefit deductions are automatically recorded and included in pay runs thanks to this module’s smooth integration with Paylocity’s payroll system. It also allows you to transmit electronic data interface files to insurance providers in the event of changes in employee coverage.
Management of Time and Labor
Tracking employee work schedules and time-ins/outs can be quite tedious, but Paylocity’s Management of Time and Labor module efficiently automates these two tasks. Apart from creating work schedules, it lets you add shift-related policies (such as shift durations and time between shifts) and manage an audit trail to check tardiness, extended breaks, and absenteeism. You can also assign and monitor attendance points based on the employees’ time-ins/outs.
Paylocity includes a paid time-off (PTO) tracking tool that allows workers and people managers to seek and approve PTO, similar to popular time and attendance software. Time clock kiosk tablets are also available from the vendor for collecting employee time-ins/outs via face recognition, fingerprint scans, or picture captures.
These devices may also be used to screen clocking-in personnel by prompting them with questions about their general health (such as if they have an elevated temperature at the time of clock-in) and other corporate or labor policy-related questions (such as whether they have taken the mandated rest breaks).
Paylocity’s mobile applications allow you to specify geographic limits for workers who clock in and leave.
Management of Talent
Paylocity’s Management of Talent module is designed to help users attract and retain top talent. Its features include recruiting and applicant tracking, new hire onboarding, employee goals and performance management, and compensation management. It also has a learning management solution (LMS) that comes with a course builder and a library of pre-made training programs.
HR Tools
Paylocity’s HR products allow customers to cut down on the time it takes to maintain employee data. Employees and supervisors may visit the self-service portal to see pay information, update personal data, interact with coworkers, attend training courses, and approve pay rate and schedule adjustments online.
Access to an employee’s year-to-date (YTD) salary data, pay history, and tax forms is also available via Paylocity’s employee self-service capabilities.
Integrations with Third Parties
Paylocity integrates with third-party applications in 180- and 360-degrees. Vendors may use this to automate data transfers to and from Paylocity’s system. The provider’s integration dashboard makes it simple to connect the platform to other company tools.
Paylocity also provides a marketplace with over 300 third-party partner systems, including employment verification, hospitality, benefits, and other HR-related services. Here is a list of some of its partner software for your convenience:
- ApplicantPro, CareerPlug, ClearCompany, iCIMS, Hireology, Lever, and JobScore are examples of applicant tracking systems.
- Administration of Benefits: AdminDirect, BenefitPlan Manager, BeneTrac, Employee Navigator, benefitsCONNECT, Lumity, SmartBen, and Ease
- Employers Edge, Truework, and Vault Verify are three employment verification tools.
- Colonial Life, American Trust, Alliance Benefit Group, Betterment, BlueStar, HealthEquity, Optum Bank, Clarity Benefit Solutions, and United Healthcare provide insurance, retirement, HSA, and FSA benefits.
- CypherWorx, Prosperity, and Wisetail are examples of learning management software.
- Okta, OneLogin, and PingOne are single sign-on tools.
- OnShift, Attendance on Demand, and NOVAtime are three time and attendance systems.
Paylocity’s Usability
- Assistance with implementation
- Self-service tools for employees
- More than 300 Integrations with Third Parties
- Videos and how-to tutorials
- Support is available by phone and chat.
Paylocity’s UI is user-friendly, yet several of its capabilities are confusing. To execute a basic task, you may need to take multiple steps. You will, however, have access to specialized assistance and skilled individuals who can assist you in navigating the system. Monday through Friday, 7 a.m. to 7 p.m. Central time, you may reach out to your dedicated account manager via phone or chat.
Alternatives to Paylocity
Use our step-by-step guide to switching payroll solutions if you believe Paylocity would be a suitable match for your company and you’re ready to make the transfer from another supplier.
Users’ Opinions on Paylocity
Paylocity’s simplicity of use was often mentioned on third-party review sites such as Capterra and G2. Users prefer Paylocity’s employee self-service portal, pay processing tool, and time tracking solution because it is user-friendly for both system administrators and workers.
Other reviews, on the other hand, noted that although it includes a broad variety of HR capabilities, some of its functions aren’t straightforward or difficult to access. Some users have expressed a need for more sophisticated benefits, scheduling, and reporting features.
Paylocity received the following ratings on prominent user review sites at the time of publication:
Here are a few of the patterns I discovered when reading customer reviews:
Conclusion
Paylocity is a cloud-based platform that may help you manage all parts of the employee lifecycle whether you run a midsize or big company. It offers a comprehensive set of HR and payroll solutions, including wage garnishment management and payroll tax filing. It also includes a flexible and configurable system that allows you to start with basic modules (like payroll and time tracking) and gradually add complex solutions (like performance and compensation management) as your company’s HR requirements evolve.
To get a free Paylocity demo, fill out the form below.
Paylocity is a great place to start.
The “Paylocity Reviews” is a company that offers payroll software for small businesses. They offer a free trial but reviews are mixed about the service. Reference: paylocity reviews bbb.
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