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Paylocity (NASDAQ: PCTY) is a publicly traded, award-winning provider of cloud-based HR and payroll software solutions headquartered in Schaumburg, Illinois. Founded in 1997 by Steve Sarowitz, the company has grown to over 6,700 employees and serves organizations of all sizes—from small businesses with under 100 employees to enterprises with 500+. The platform unifies HR, Finance, and IT operations into a single system, covering payroll processing, talent management, workforce management, benefits administration, time and attendance, and expense management. Paylocity distinguishes itself through its modern, intuitive user experience and strong commitment to customer service. The platform features AI-powered automation for spend management, comprehensive employee engagement tools, and flexible solutions that adapt to different business sizes and complexities. With flat pricing, award-winning support, and continuous innovation, Paylocity positions itself as a partner that helps shape the future of work rather than just a software vendor.
* Mid-market companies (100-5000 employees) seeking an all-in-one HR, payroll, and finance platform * Growing businesses that need a scalable HCM solution with modern employee experience features * Organizations looking to unify HR, Finance, and IT operations on a single platform * Companies that value award-winning customer service and implementation support
Publicly traded (NASDAQ: PCTY) with strong financial stability and continuous investment * Unified platform spanning HR, Finance, and IT with AI-powered automation * Supports all company sizes from small business to enterprise * Award-winning customer service with dedicated support teams * Modern, intuitive user experience that drives daily employee engagement * Extensive integration ecosystem and continuous product innovation
May be more platform than needed for very small businesses with simple payroll needs * Enterprise-level features may require premium pricing tiers * Implementation timelines can extend for larger, more complex deployments * Per-employee pricing model can become expensive as headcount grows
Paylocity is a publicly traded (NASDAQ: PCTY) cloud-based human capital management (HCM) platform founded in 1997 and headquartered in Schaumburg, Illinois. With over 6,700 employees, the company has established itself as a leading provider of unified HR, payroll, finance, and IT solutions for organizations of all sizes.
UNIFIED HR, FINANCE, AND IT PLATFORM
Paylocity's core value proposition is bringing HR, Finance, and IT together on a single platform. For HR teams, the platform provides flexible solutions for payroll, talent management, workforce management, benefits administration, and employee engagement. For Finance, it offers AI-powered spend management with real-time visibility and automated workflows. For IT, it centralizes asset management, access control, and service support. This unified approach eliminates silos and enables cross-functional decision-making.
SCALABLE FOR ALL COMPANY SIZES
The platform is designed to serve organizations across the full spectrum—small businesses (1-99 employees), midsize companies (100-499), and enterprises (500+). This scalability means businesses can adopt Paylocity early and grow with the platform rather than switching systems as they scale. Each tier receives appropriate features and support levels tailored to their complexity.
MODERN EMPLOYEE EXPERIENCE
Paylocity emphasizes a modern, intuitive user experience that employees actually want to use daily. The mobile app serves as a central hub for everything from viewing paychecks and requesting time off to engaging with company culture features. This focus on employee experience drives adoption and helps organizations build stronger workplace cultures.
AI AND AUTOMATION
The platform leverages artificial intelligence throughout its product suite, from automated payroll processing and compliance management to intelligent spend management and workforce analytics. These AI capabilities help organizations reduce manual work, improve accuracy, and make data-driven decisions about their people and operations.
CUSTOMER SERVICE EXCELLENCE
Paylocity is consistently recognized for award-winning customer service, with fast implementation, dedicated support teams, and what the company describes as 'white-glove' service. Customer testimonials highlight the platform's ability to modernize entire employee experiences and provide useful insights for HR decision-making.
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