Page Text: Our review covers all products features, including the Paylocity mobile app.
Payroll Features
Paylocity’s payroll software has all of the automated features you might expect plus a few others, including:
Expense management: A system that can process business and employee expenses. You can track any expenses, organize them, and reimburse them to your choice of payment.
Tax services: Paylocity is a registered IRS reporting agent, so it can process many tax services, including unemployment tax returns, withholding tax returns, W-2 forms, and 1099 forms.
Payment options: The software has a system that gives users a flexible cash flow to access a portion of their active pay cycle wages if needed. This system is a big selling point that few competitors offer. It also has the Paylocity web pay function for easy charges and accepts credit or debit cards.
Garnishment services: The service is fast, mitigates common risks, and is far simpler than the manual process.
Workforce Management Features
Paylocity’s workforce management software maximizes productivity in a business in numerous ways.
The time tracking database is a quicker solution than the manual process. In addition, it detects errors in the payroll process, making it unnecessary to input manual re-entries.
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There’s also a scheduling tool that can create schedules and edit them. This includes shift claiming and shift swapping options for employees, enabling staff to take control of their schedules. It can also schedule recurring shifts and lunch breaks or delete shifts.
Time collection services include time clocks for employees to clock in and out and timesheets that assign time to specific projects and jobs.
Human Resources Features
There are many human resources services within Paylocity, including:
Employee self-service: Employees can access their payroll and timecard online or on the go and edit any information they need.
Compliance dashboard: Allows quick access to current compliance and training courses on compliance organizations.
HR Edge: HR Edge is a support system to help businesses by offering HR consulting, a complete resources library, and custom handbooks.
Data analytics: Identifies trends and helps make decisions based on extensive data.
Document library: The document library includes various documents, such as exit documentation.
Talent Management & HR Solutions Features
The talent management system streamlines HR processes through extensive recruiting and onboarding software. These features can save time by reducing or eliminating manual processes.
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There’s also a performance management system that tracks employee performance. Employees can also access this system to track their progress and set new goals. Along with this, the learning management system creates courses and performance progression solutions to simplify the training process for the employer.
Paylocity has a compensation management system for small businesses to create and manage their compensation strategy to reward their employees.
Benefits Administration Features
Paylocity’s benefits admin system is in place to improve business benefits systems. It does this by integrating benefits into the mobile app, which empowers employees to manage their benefits, such as enrollments.
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It also has excellent reporting features, so all of the benefits information arrives quickly. Real-time updates save time and keep employees adequately informed.
Paylocity offers flexible benefits options so that employees can choose from an extensive range of benefits. These include HSAs (Health Savings Accounts), FSAs (Flexible Spending Accounts), HRAs (Health Reimbursement Arrangements), POPs (Premium Only Plans), TMAs (Transportation Management Accounts), and more.
Modern Workforce Solutions Features
Staying on top of evolving modern solutions can be challenging. Be sure to check our Small Business page for useful insights .
Paylocity includes multiple features that improve employee engagement in a modern business; they call these modern workforce solutions. Some of these solutions include:
Improving the workforce community by including a system for messaging, group announcements, and collaboration.
Surveys to collect information from the workforce to understand their thoughts on specific aspects of the business.
A virtual peer recognition system to increase workforce satisfaction.
A modern workforce index, which is essentially a workforce database. The database includes insights that the workforce provides and workforce recommendations.
Data & Analytics Features
Paylocity’s analytics break up data and information into user-friendly segments. Some of the data sets include:
Demographics: Includes information on gender, ethnicity, generation, and gender identity to determine diversity and equality in the business.
Utilization: Translates utilization of the system into engagement data.
Headcount: Collects data on current or terminated employees.
Position Management: Data on the various positions in the business like management or sales representatives. The data allows the company to make position decisions and predict any changes.
Retention: Creates data on employees at risk. Data takes into account aspects like compensation.
Labor Costs: Data on labor costs can help discover overspending or room for new purchases.
Reports: A database that stores all the reports from the reporting system.
Mobile App Features
Businesses can use the Paylocity mobile app in multiple ways, but it mainly gives employees easier access to cloud features. They can perform various administrative tasks on the app, such as viewing balances and timesheets, requesting vacation days, and viewing tax forms.
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It’s also a communication tool with a messaging system for employees to connect and collaborate and for employers to contact employees. Employers can also display announcements through the app. In addition, users can see reports, directories, and policies on the app.
Essentially, all of the software’s main features are available on the mobile app.