Paylocity

Paylocity is a provider of cloud-based payroll and human capital management software. Its platform lets employers handle payroll, time and attendance, benefits administration, recruiting, onboarding and performance management in one online system, with employees able to view pay information and complete HR tasks through self-service tools and a mobile app. The company focuses largely on small and mid-sized organizations that want to manage these functions without separate systems.

Paylocity was founded in 1997 and is headquartered in the Chicago suburbs, in Schaumburg, Illinois, and it sells its software to employers across the United States. Its tools go beyond core payroll and HR record-keeping to include features for employee engagement and communication, such as company news feeds and peer recognition, which are aimed at keeping employees connected to one another and informed about what is happening across the organization.

What to Know

• The company was founded by Steve Sarowitz.
• Paylocity has traded publicly on the Nasdaq since 2014 under the ticker PCTY.
• It is listed with the Quincy Chamber of Commerce.