Are you looking for a smart and really helpful payroll tool? Do not worry. We have got you covered, as always! Today we’d be reviewing together a smart payroll solution for all your needs- Paylocity. It is an all-inclusive and packaged solution for all your HR needs. Paylocity intelligent and advanced software system provides HR professionals an easy way to manage day-to-day tasks such as payroll, talent, and workforce management.
Isn’t that amazing? So without further ado, let us dive into the detailed review.
No free trial
No free version
- Payroll access to users
- Consolidation into digital records
- A great solution for time clock needs
- Easy to use Interface
- Time Adjustments
- Limited Editing of records
Paylocity – human resources & payroll
Paylocity is a cloud-primarily based human capital management (HCM) platform that gives human sources and payroll control equipment to assist groups in manipulating HR features. Key functions include payroll processing, blessings administration, time control, skills control, worker engagement, and incorporated applicant tracking system (ATS) and record insights. In addition, Paylocity’s payroll module permits groups to simplify payroll operations, automate processes, and stay tax compliant.
Payroll directors can dispose of spreadsheets and payroll calculators with price control by routinely pulling charges into Paylocity. Customers can preview, correct, and confirm worker paychecks earlier than processing payroll with the pre-method register. Businesses can also use Paylocity’s payroll provider to manipulate tax filings and salary garnishments. Paylocity’s center HR permits groups to manipulate HR features through the use of quick-edit templates, custom checklists, action forms, position management, and dynamic reporting.
What is Paylocity?
Paylocity is an all-in-one software platform that enables HR professionals to manage day-to-day tasks related to payroll, benefits, talent, and people management. The vendor claims that its technology is powered by a culture that cares about customer success and that it takes time to get to know customers and understand their needs. Paylocity works with users to find solutions that will benefit a business today while paving the way for a better future.
The key benefits of using this software application are as follows:
- Paylocity can be integrated with most retirement plans, general ledger, and time tracking applications.
- Users can get tax return assistance directly from experts via Paylocity Web Pay.
Allows users to create information graphics, real-time view analytics, and
- Schedule automatically generated reports.
- Users can access their Paylocity data via a self-service portal.
- With their personalized displays, registration rules, and authorization groups, users can ensure that employees are fully registered.
How to use Paylocity?
Payroll professionals widely use Paylocity at U.S. companies of all sizes in many industries, including financial services, healthcare, manufacturing, education, and more.
With the Paylocity web application, users can access a unified HR and payroll dashboard with all employee details. In addition, a self-service portal enables employees to complete HR tasks, access payment information, and read company news. Getting started with the software is very easy and can be done in a few steps, and they have documentation available on the website for a step-by-step guide. All the users need to do is sign up and create an account with them, and they should be good to get started.
Paylocity web clock
Paylocity web clock is the name given to Paylocity’s watch technology that offers non-contact, real-time temperature scans to support safe and healthy workplaces. Additional options for the clock function include biometric fingerprint readers; Face recognition in seconds, even if employees are wearing a mask; ID card reader for immediate time recording; photographs for registration and validation of identity; and attestation notices reinforcing health exams.
New features add to Paylocity’s existing time and attendance options to meet customers anywhere. Employees can also use kiosk tablets, the Paylocity mobile app, or desktop self-service for quick and easy registration.
The software platform provides the following set of features:
- Time Off Accrual
- Direct Deposit
- Pre-tax Deductions
- Check/W-2 Printing
- Check/W-2 Delivery
- Reporting and Dashboards
- User, Role, and Access Management
- Performance and Reliability
Now let us look into some of the features in detail.
- New hire templates to simplify onboarding for employees and independent contractors.
- Automatic salary adjustments for promotions, bonuses, and increases.
- Preview, correct, and review your payroll before each payday.
- Employee Compensation Administration.
- It has an integrated expense management program that automatically synchronizes employee reimbursements with payroll.
- Run provisions, ledgers, and other complex financial reports from the payroll dashboard.
- Employee self-service portal for direct payments, access to payslips, and company information.
Paylocity is a licensed IRS Reporting Agent and could e-record on your behalf. It can also do:
- Payroll reconciliation ensures that your payroll suits what’s said to the IRS and SSA.
- It makes one 100% assured of any IRS consequences charged by a Paylocity error.
- View your records of tax deposits and periodic payments.
Time and Labor Management
- Let personnel clock inside and outside from their laptop or cellular device.
- Set geographical restrictions (geofencing) on wherein personnel can clock inside and outside.
- Request and approve time-off requests from anywhere.
- Run reports, including a month-to-month precis of time, labored, or time-off reports.
- Track and assign factors for absenteeism or tardiness.
- Automatically sync time monitoring with payroll.
- Recruiting and applicant tracking.
- Note assembly agendas and worker tasks, projects, and accomplishments.
- Track overall performance on an ongoing foundation and extra officially at scheduled times.
- Custom overall performance evaluation forms, which permit for 1:1 and 360 comments.
- Measure worker comments with surveys.
- Ensure pay increases and bonuses are in keeping with the organizational budget.
Paylocity’s willpower to safety is thorough and transparent. Paylocity is licensed compliant within the Privacy Shield Framework, and the enterprise is audited every year through outdoor sources to check and beautify protection continually. Furthermore, Paylocity’s protection is predicated on a multi-tiered, redundant backup method to shield patron data and continuously ensure the enterprise complies with all protection nice practices. Some of the matters it does to guard and encrypt information are:
- Intrusion prevention systems (IPS) and intrusion detection systems (IDS)
- Web utility firewalls
- Network firewalls
- Virus and malware detection
- Data loss prevention
- Penetration testing
- Vulnerability scanning
Also, all personnel is educated and updated every year on protection compliance; personnel running in information protection end up licensed via schooling organizations.
Paylocity is best for medium and large businesses. However, the company recently expanded to serve emerging markets and better adapt its payroll systems to smaller customers. Additional Features While some of the additions at the higher tiers are attractive (e.g., employee web onboarding), it is still an expensive option for small businesses.
For companies that want to expand and find a program that combines payroll and personnel management, Paylocity offers many previously available functions to business customers.
In addition, as a cloud-primarily based payroll solution, Paylocity is well suited with any tool so long as you’ve got a web connection. Paylocity additionally gives a cell app for each Apple and Android telephone so that you can run your payroll on the go. Its easy-to-use cell app is constantly up to date and is a pleasant promoting factor for this payroll system.
Paylocity doesn’t post charges online. Services are custom designed and tailor-made to every commercial enterprise. Software demos and prices have to be scheduled in advance. An email request brought on a countrywide income companion to direct me to a neighborhood income companion. They also stated it could be a few days earlier than they might timetable a demo. A stay chat thru the Paylocity internet site netted me a demo and charges within 24 hours. A quote for my commercial enterprise got here after a prolonged, however useful, rationalization of the pricing ranges and their respective features.
Paylocity gives three exclusive payroll ranges. The charge varies with the aid of using characteristic access, now no longer using the range of employees. There aren’t any contracts, and you may cancel your plan at any time.
Quotes are custom designed, and I become provided each discounted price and an unfastened month of use, and it might seem there may be a few rooms to barter prices and fees. To develop an instance of capacity pricing, our business enterprise becomes quoted between $a hundred twenty-five to $200/month plus $6-8/month/employee, relying upon the plan. Paylocity is a chunk greater luxurious for small companies than its competitors; for large companies.
It provides pricing in three tiers:
This plan has the following benefits:
- Check stock for printing
- Employee self-service portal with mobile app
- New hire reporting
- Poster updates
- QuickBooks integration
- HR support
- Unlimited payroll processing
- Tax services
- Direct deposit
- Bank checks/check signing
This tier comprises of everything from the Effortless Payroll level and the following:
- Unemployment management
- Web Time (cloud-based time tracking)
- General ledger reports for people operating without QuickBooks
- Custom-built PTO tracking and management
- Enhanced HR
- Benefit essentials
- Web expenses
This category offers the following advantages:
- Web recruiting and background checks
- Web onboarding
- Employee performance management
- Access to learning management systems
Paylocity is exclusively designed to integrate with the rest of your technology stack. They have an API library and webhooks. In addition to that, it provides integration with the following applications:
Paylocity may be a good way for many little businesses to form payroll in a more machine-driven and efficient manner. However, there are a variety of alternative good small business payroll solutions. Here are some alternatives to think about once you’re looking around:
- Sage HR
- QuickBooks Payroll
- Square Payroll
Paylocity vs. Sage HR
Sage HR is a cloud-primarily based human aid control answer that integrates center functions like 360 feedback, personnel control, overall performance appraisal, and attendance tracking. The Sage HR scheduling platform helps with time-off guidelines and blackout days. An employer listing with crew roles and organizational charts is protected with this answer.
Sage HR gives equipment that may automate repetitive tasks. Furthermore, unwell leaves may be asked without delay from the dashboard without beginning email chains. Each worker has a separate login and gets entry to the permission stage to shield touchy information. Benefits, documents, and emergency tabs may be hidden for improved privacy. Users get a bird’s eye view of key records factors like upcoming tasks, goals, leaves, and expenses. The answer lets personnel without problems enter all alternatives with minimum mouse clicks.
Sage HR gives Android and iOS apps. It has the following features:
- Payroll Management
- Performance Management
- Recruiting Management
- Self Service Portal
- Succession Planning
- Time & Attendance Management
- Time Off Management
- Training Management
- Applicant Tracking
- Attendance Management
- Benefits Management
- Career Development Planning
- Compensation Management
- Compliance Management
- Employee Database
- Employee Lifecycle Management
All in all, Paylocity is best-appropriate for midsize to large agencies that might gain from an all-in-one payroll and HR software. However, who may not want the good-sized degree of automation and element that Paycom provides. Plus, Paylocity is likewise a profitable desire for agencies searching out third-celebration integrations, in addition to an emphasis on worker engagement.
Paylocity Review Conclusions
All in all, For small organizations in want of a payroll solution, Paylocity is a superb option. They provide time-saving payroll features and take tax submitting and compliance off your plate. You additionally have the choice to provide worker benefits, song time worked, and examine overall performance from the equal platform. This is a choice to remember when looking for a payroll service.
The feature-set is an incredible suit for large groups desiring blended payroll and HR capabilities. Integrations and safety are excellent, and the organization is devoted to customer happiness. Weigh the capabilities and the price and determine if it’s the proper suit for you. Create your account today!