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Modern HCM and payroll platform for mid-market companies
Paylocity is a modern cloud-based Human Capital Management and payroll platform for mid-market companies, combining payroll processing with workforce management, benefits administration, and employee engagement tools. Founded in 1997 and public since 2014, Paylocity serves over 37,000 clients primarily in the 20–1,000 employee range. The platform's payroll engine handles complex payroll scenarios including multi-state, union, and tip management with automatic tax calculations and filing. The Community feature enables internal social communication and employee recognition, differentiating Paylocity from purely transactional HR platforms. Learning Management enables compliance training and employee development tracking. Benefits Administration manages open enrollment, life events, and benefit deductions. Onboarding provides digital workflows for new hire paperwork and orientation. Time and Attendance with mobile clock-in captures worked hours directly in payroll. Premium Video enables easy creation of internal communications and training content. Paylocity's People Analytics provides workforce insights including headcount trends, turnover, and compensation analysis. The platform's modern interface and employee-centric features have driven high adoption rates compared to legacy HR software. Paylocity is particularly popular with technology companies, healthcare organizations, and manufacturing businesses transitioning from older HRIS systems. Its balance of comprehensive HCM functionality and modern user experience has earned consistently high customer satisfaction ratings in analyst surveys.