Paylocity Review: Pros, Cons, Features, and Pricing
Paylocity is an expense management software that offers payroll and human resources solutions for businesses. It's best for midsized companies and industries such as retail and health care, helping human resources (HR) and finance teams with human capital management (HCM). Paylocity provides easy-to-use tools that simplify workforce management.
Paylocity addresses pain points related to payroll processing, employee engagement, and compliance for HR and finance departments. This article explores Paylocity's features, pros and cons, use cases, and pricing to help you determine whether it aligns with your talent management needs.
Paylocity Evaluation Summary
- Pricing upon request
- Free demo available
Why Trust Our Software Reviews
Paylocity Overview
In my opinion, Paylocity is a strong contender for mid-sized companies looking for HCM software. Its payroll platform and HR functionalities are well integrated, making it easy for your team to handle workforce management tasks. Compared to competitors, Paylocity excels in providing a user-friendly interface and strong customer support, although its pricing might be less competitive, especially if you need advanced features. It's best suited for businesses that prioritize ease of use and efficient workforce management over extensive customization.
pros
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The software helps boost employee engagement through interactive HR tools.
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You can enjoy efficient customer support, ensuring your issues are addressed promptly.
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Paylocity offers a user-friendly interface that makes managing payroll and HR tasks easier.
cons
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Reporting features may not be the most suitable for complex analysis needs.
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Some users report occasional glitches that can disrupt your work.
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Your team might consider the customization options limited compared to other software.
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How We Test & Score Tools
We’ve spent years building, refining, and improving our software testing and scoring system. The rubric is designed to capture the nuances of software selection and what makes a tool effective, focusing on critical aspects of the decision-making process.
Below, you can see exactly how our testing and scoring works across seven criteria. It allows us to provide an unbiased evaluation of the software based on core functionality, standout features, ease of use, onboarding, customer support, integrations, customer reviews, and value for money.
Core Functionality (25% of final scoring)
The starting point of our evaluation is always the core functionality of the tool. Does it have the basic features and functions that a user would expect to see? Are any of those core features locked to higher-tiered pricing plans? At its core, we expect a tool to stand up against the baseline capabilities of its competitors.
Standout Features (25% of final scoring)
Next, we evaluate uncommon standout features that go above and beyond the core functionality typically found in tools of its kind. A high score reflects specialized or unique features that make the product faster, more efficient, or offer additional value to the user.
We also evaluate how easy it is to integrate with other tools typically found in the tech stack to expand the functionality and utility of the software. Tools offering plentiful native integrations, 3rd party connections, and API access to build custom integrations score best.
Ease of Use (10% of final scoring)
We consider how quick and easy it is to execute the tasks defined in the core functionality using the tool. High scoring software is well designed, intuitive to use, offers mobile apps, provides templates, and makes relatively complex tasks seem simple.
Onboarding (10% of final scoring)
We know how important rapid team adoption is for a new platform, so we evaluate how easy it is to learn and use a tool with minimal training. We evaluate how quickly a team member can get set up and start using the tool with no experience. High scoring solutions indicate little or no support is required.
Customer Support (10% of final scoring)
We review how quick and easy it is to get unstuck and find help by phone, live chat, or knowledge base. Tools and companies that provide real-time support score best, while chatbots score worst.
Customer Reviews (10% of final scoring)
Beyond our own testing and evaluation, we consider the net promoter score from current and past customers. We review their likelihood, given the option, to choose the tool again for the core functionality. A high scoring software reflects a high net promoter score from current or past customers.
Value for Money (10% of final scoring)
Lastly, in consideration of all the other criteria, we review the average price of entry level plans against the core features and consider the value of the other evaluation criteria. Software that delivers more, for less, will score higher.
Core Features
Payroll Management
Paylocity simplifies payroll processing, allowing your team to handle payments and deductions efficiently. It allows you to automate tax calculations and streamline compliance tasks.
Employee Self-Service
Your employees can access their pay stubs and personal information online, reducing your HR team's workload. This feature empowers them to manage their own data.
Time and Attendance Tracking
You can track employee hours and manage schedules easily with Paylocity's dashboards, ensuring accurate time tracking and reducing payroll errors.
Benefits Administration
Paylocity allows your team to manage employee benefits, such as health and retirement plans or year-end reporting, all in one place. This streamlines benefits enrollment and management.
Performance Reviews
Conduct employee evaluations using Paylocity's talent management tools, which support setting goals and tracking progress. This can help you foster employee engagement and development.
Compliance Management
Paylocity offers tools to help you stay compliant with tax filing, labor laws, and other regulations, reducing your team's risk of facing compliance issues.
Ease of Use
Paylocity makes it easy for your team to navigate and manage tasks. Its straightforward interface allows you to quickly access payroll, direct deposit, and HR features without confusion. Unlike some other software, you won't struggle with complex menus or overwhelming options thanks to its intuitive design. Paylocity's simplicity ensures your team can focus on essential tasks without getting bogged down by complicated processes.
Integrations
Paylocity integrates with Salesforce, QuickBooks, Slack, Google Workspace, Asana, Greenhouse, and Indeed. Paylocity also offers an API and connects with third-party integration tools to extend its capabilities.
New Product Updates from Paylocity
Paylocity AI Assistant Update
Paylocity has launched a revolutionary AI Assistant designed to streamline the user experience by turning inquiries into actionable tasks swiftly. Some important aspects that were part of this update include:
- Enhanced Speed: Reduces the time from question to action by optimizing the AI's response mechanism.
- Seamless Integration: Minimizes user clicks and interface clutter, making it easier to use.
- Smarter AI: Leverages advanced AI capabilities for precise and efficient results.
Visit Paylocity's official site for more details.
Paylocity Specs
- API
- Application Tracking
- Approval Workflows
- Attendance Tracking
- Budgeting
- Calendar Management
- Compliance Tracking
- Dashboard
- Data Export
- Data Import
- Data Visualization
- Employee Database
- Employee Incentive Management
- Employee Onboarding
- Expense Tracking
- External Integrations
- Feedback Management
- Forecasting
- Multi-Currency
- Multi-User
- Notifications
- Payroll
- Scheduling
- Tax Management
- Time Management
- Timesheets
- Travel Management
- Vacation & Absence Calendar
