Paylocity Holding Corp. is a cloud-based provider of payroll and human capital management software for small and mid-sized businesses. The company was founded in 1997 by Steve Sarowitz and initially offered payroll processing services. Over time, Paylocity expanded its product portfolio to include a range of human resources and talent management solutions.
Paylocity's platform includes a range of tools and features designed to streamline and automate HR and payroll processes. These include time and attendance tracking, benefits administration, performance management, and employee self-service. The platform is cloud-based, which allows businesses to access their data from anywhere and on any device.
Paylocity went public in 2014, with an initial public offering on the NASDAQ stock exchange. Since then, the company has grown rapidly, with revenues exceeding $700 million in fiscal year 2021. The company's growth has been driven by its focus on customer service and innovation, as well as its commitment to providing user-friendly and accessible software solutions.
Paylocity's success is driven by its customer-centric approach. The company has a team of over 2,500 employees focused on providing exceptional customer service and support. Paylocity's software solutions are designed to be user-friendly and accessible, with a focus on making HR and payroll processes easy and efficient for businesses of all sizes.
In addition to its software solutions, Paylocity also places a strong emphasis on education and thought leadership. The company provides a range of resources, including webinars, articles, and whitepapers, to help businesses stay up-to-date on the latest HR and payroll trends and best practices.