The Howdy Glossary

Paylocity is a cloud-based software solution designed to manage and automate various human capital management functions, including payroll, time tracking, benefits administration, talent management, and employee self-service. It offers comprehensive tools for handling different pay structures, scheduling requirements, tax filing obligations, compliance resources, and live payroll reporting capabilities. By providing an integrated platform for HR processes, Paylocity aims to enhance operational efficiency and employee satisfaction within organizations.

Founded by Steve Sarowitz in 1997, Paylocity has grown into a prominent provider of cloud-based human capital management software under his leadership as founder and CEO. The creation of Paylocity aimed to streamline HR operations by offering user-friendly tools that help businesses efficiently manage their workforce while staying compliant with regulatory standards. Its cloud-based nature allows easy accessibility from anywhere, which supports remote work and collaboration among employees.

Facing competition from major players like ADP (Automatic Data Processing), Paychex, Workday, Kronos, and UltiPro in the human capital management software industry, Paylocity differentiates itself through its intuitive interface and unique features such as live payroll reporting and extensive compliance resources. These attributes cater to diverse business needs by supporting various pay structures and scheduling requirements while empowering employees through self-service functionalities. This combination of features positions Paylocity as a strong contender in the market for businesses seeking an efficient and comprehensive solution to managing their HR activities.