Compensation Tool vs. Paylocity

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Compensation Tool
Score 0.0 out of 10
N/A
N/A
$4,999
per year
Paylocity
Score 8.4 out of 10
N/A
Paylocity provides 24/7 access to your online payroll and human resource data management. Paylocity offers highly customizable payroll functionality, as well as HR, benefits administration, and time and talent management programs.N/A
Pricing
Compensation ToolPaylocity
Editions & Modules
Basic
$4,999
per year
No answers on this topic
Offerings
Pricing Offerings
Compensation ToolPaylocity
Free Trial
YesNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoYes
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
Compensation ToolPaylocity
Features
Compensation ToolPaylocity
Human Resource Management
Comparison of Human Resource Management features of Product A and Product B
Compensation Tool
-
Ratings
Paylocity
7.9
1146 Ratings
1% above category average
Employee demographic data00 Ratings8.61088 Ratings
Employment history00 Ratings8.21050 Ratings
Job profiles and administration00 Ratings8.0980 Ratings
Workflow for transfers, promotions, pay raises, etc.00 Ratings7.6993 Ratings
Organizational charting00 Ratings7.2923 Ratings
Organization and location management00 Ratings7.9899 Ratings
Compliance data (COBRA, OSHA, etc.)00 Ratings7.6770 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Compensation Tool
-
Ratings
Paylocity
8.2
1115 Ratings
3% above category average
Pay calculation00 Ratings8.71087 Ratings
Support for external payroll vendors00 Ratings7.5533 Ratings
Off-cycle/On-Demand payment00 Ratings8.6822 Ratings
Benefit plan administration00 Ratings7.6752 Ratings
Direct deposit files00 Ratings9.01084 Ratings
Salary revision and increment management00 Ratings8.1866 Ratings
Reimbursement management00 Ratings8.0543 Ratings
Leave and Attendance Management
Comparison of Leave and Attendance Management features of Product A and Product B
Compensation Tool
-
Ratings
Paylocity
7.5
943 Ratings
6% below category average
Approval workflow00 Ratings7.5841 Ratings
Balance details00 Ratings7.4900 Ratings
Annual carry-forward and encashment00 Ratings7.7709 Ratings
Employee Self Service
Comparison of Employee Self Service features of Product A and Product B
Compensation Tool
-
Ratings
Paylocity
8.5
1127 Ratings
5% above category average
View and generate pay and benefit information00 Ratings8.61097 Ratings
Update personal information00 Ratings8.81117 Ratings
View company policy documentation00 Ratings8.1899 Ratings
Employee recognition00 Ratings8.3811 Ratings
View job history00 Ratings8.5963 Ratings
Asset Management
Comparison of Asset Management features of Product A and Product B
Compensation Tool
-
Ratings
Paylocity
7.1
349 Ratings
13% below category average
Tracking of all physical assets00 Ratings7.1349 Ratings
HR Reporting
Comparison of HR Reporting features of Product A and Product B
Compensation Tool
-
Ratings
Paylocity
7.4
1038 Ratings
2% below category average
Report builder00 Ratings7.5993 Ratings
Pre-built reports00 Ratings7.61013 Ratings
Ability to combine HR data with external data00 Ratings7.3645 Ratings
Onboarding
Comparison of Onboarding features of Product A and Product B
Compensation Tool
-
Ratings
Paylocity
8.4
975 Ratings
6% above category average
New hire portal00 Ratings8.5969 Ratings
Manager tracking tools00 Ratings8.2778 Ratings
Performance and Goals
Comparison of Performance and Goals features of Product A and Product B
Compensation Tool
-
Ratings
Paylocity
7.8
536 Ratings
2% below category average
Corporate goal setting00 Ratings7.9422 Ratings
Individual goal setting00 Ratings7.7493 Ratings
Line-of sight-visibility00 Ratings7.8371 Ratings
Performance tracking00 Ratings7.8499 Ratings
Performance Management
Comparison of Performance Management features of Product A and Product B
Compensation Tool
-
Ratings
Paylocity
7.6
678 Ratings
3% below category average
Performance plans00 Ratings7.5614 Ratings
Performance improvement plans00 Ratings7.5526 Ratings
Review status tracking00 Ratings7.5625 Ratings
Review reminders00 Ratings7.7629 Ratings
Multiple review frequency00 Ratings7.6526 Ratings
Succession Planning
Comparison of Succession Planning features of Product A and Product B
Compensation Tool
-
Ratings
Paylocity
7.3
352 Ratings
7% below category average
Create succession plans/pools00 Ratings6.7235 Ratings
Candidate ranking00 Ratings7.2289 Ratings
Candidate search00 Ratings8.0322 Ratings
Candidate development00 Ratings7.5261 Ratings
Recruiting / ATS
Comparison of Recruiting / ATS features of Product A and Product B
Compensation Tool
-
Ratings
Paylocity
8.0
644 Ratings
3% above category average
Job Requisition Management00 Ratings8.0550 Ratings
Company Website Posting00 Ratings8.2573 Ratings
Publish to Social Media00 Ratings8.0451 Ratings
Job Search Site Posting00 Ratings8.0546 Ratings
Duplicate Candidate Prevention00 Ratings7.6466 Ratings
Applicant Tracking00 Ratings8.2595 Ratings
Notifications and Alerts00 Ratings7.9592 Ratings
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Compensation ToolPaylocity
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Score 8.9 out of 10
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Score 9.5 out of 10
Medium-sized Companies
PayScale Insight Lab
PayScale Insight Lab
Score 4.2 out of 10
Paypro Workforce Management
Paypro Workforce Management
Score 9.7 out of 10
Enterprises
CaptivateIQ
CaptivateIQ
Score 8.2 out of 10
PeopleStrong
PeopleStrong
Score 9.9 out of 10
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User Ratings
Compensation ToolPaylocity
Likelihood to Recommend
-
(0 ratings)
8.5
(1213 ratings)
Likelihood to Renew
-
(0 ratings)
9.0
(118 ratings)
Usability
-
(0 ratings)
8.8
(78 ratings)
Availability
-
(0 ratings)
9.7
(17 ratings)
Performance
-
(0 ratings)
9.6
(17 ratings)
Support Rating
-
(0 ratings)
7.9
(105 ratings)
In-Person Training
-
(0 ratings)
8.5
(2 ratings)
Online Training
-
(0 ratings)
7.8
(15 ratings)
Implementation Rating
-
(0 ratings)
8.2
(55 ratings)
Configurability
-
(0 ratings)
8.0
(13 ratings)
Contract Terms and Pricing Model
-
(0 ratings)
8.8
(13 ratings)
Ease of integration
-
(0 ratings)
8.2
(15 ratings)
Product Scalability
-
(0 ratings)
9.2
(16 ratings)
Professional Services
-
(0 ratings)
9.7
(9 ratings)
Vendor post-sale
-
(0 ratings)
8.2
(17 ratings)
Vendor pre-sale
-
(0 ratings)
8.7
(16 ratings)
User Testimonials
Compensation ToolPaylocity
Likelihood to Recommend
Compensation Tool
No answers on this topic
Paylocity
Paylocity appears to be well-suited for startups to large businesses. As with any product, finding the right price point for the services provided is the challenge. Always remember that one small company that would really appreciate the "benefits essentials" or some other part of the platform but can't afford them right now, may be the ones to get you that large company through word of mouth...IF they had been able to experience that part of the product and refer it to others.
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Pros
Compensation Tool
No answers on this topic
Paylocity
  • Payroll is made pretty easy. I love that we have the ability to log into payroll, we just upload the information from commissions, things like that where there are exceptions to a regular payroll run. It may make it very easy to do that, just a quick upload. Additionally, when we're in the payroll grid, it gives us the ability to just make quick changes to people's pay or their tax schedule, tax withholdings, things like that without having to go through a lot of different screens. It's just very easy to access just for the click of a button. Love that.
  • We talked about performance reviews, talked about payroll with benefits administration, it allows us to utilize EDI feeds with our benefit vendors so it creates a seamless, but we just enter the information into Paylocity and then it seamlessly provides that information to our vendors. That's been really helpful. And adjusting benefits is also very easy within Paylocity. I love the recent edition of compensation analysis information, so I'm able to go into the compensation module and look for jobs that are similar to a job title at our company. I can enter the job description, I give them what state that the person or the job is in, and it pops out compensation data. It gives me different options, so titles that might be similar. So if there's not something that's an exact fit, I'm able to find something really, really close. It's been a huge upgrade because before that I was having to use a different vendor and paying $400 per job and now it's significantly less expensive to Paylocity and I'm still getting great quality data. It's been very helpful.
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Cons
Compensation Tool
No answers on this topic
Paylocity
  • We have had lots of year end issues specifically with Partners W2's.
  • We had an accrual issue that was causing 2 additional vacation/sick accruals per year.
  • When updating accruals- the paperwork to do so is confusing at times. I feel there is little support to assist you in filling the paperwork correctly to reflect what you need the accrual to actually do.
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Likelihood to Renew
Compensation Tool
No answers on this topic
Paylocity
There are several technical issues we have experienced this past year with the employee onboarding process that we are still waiting to have resolved. Overall our experience with Paylocity has been positive, and we love how user-friendly and easy to navigate the system is. It has made all of our HR processes much more streamlined and efficient.
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Usability
Compensation Tool
No answers on this topic
Paylocity
I would give it that overall rating because we implemented in 2023 and so although that may feel like a lot of time, it still is, we still have a lot to learn and so I'm optimistic that as we learn more that rating will increase.
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Reliability and Availability
Compensation Tool
No answers on this topic
Paylocity
Over the last 3 years, we've only had one major service issue that rendered Airbase unusable for us for about 24 hours. That said, they navigated the SVB bank crisis very well and made sure funds were available during that time.
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Performance
Compensation Tool
No answers on this topic
Paylocity
We had some minor hiccups throughout the year but they have all been fixable. Paylocity integrates well with our 401k provider, Principal, and our benefits, OneDigital. It makes it simple to house everything and have it all connected. It doesn't slow anything down to have Principal integrated. It makes it more efficient
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Support Rating
Compensation Tool
No answers on this topic
Paylocity
It is very hard to get answers to your questions, you cannot speak to someone without days of requesting assistance or answers and then eventually can get a call back and then it is usually resolved fairly quickly. But NOT easy to get that help.
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In-Person Training
Compensation Tool
No answers on this topic
Paylocity
I didn't have in-person training, but I'm sure it was just as great as any other training/assistance Paylocity provides. Paylocity customer service is always available. You never have to be on hold and their answers are always accurate and timely. Documents in the help section are helpful as well. My in-person training was conducted y one of our employees who was involved in the initial set-up and training of all employees. She was excellent.
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Online Training
Compensation Tool
No answers on this topic
Paylocity
The training was live online, but was with a group of other companies. We did not receive any personalized training with our team. Whenever we would ask for training, we would be sent a peak article link or a video. It felt like the reps we dealt with didn't know the answer to the questions.
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Implementation Rating
Compensation Tool
No answers on this topic
Paylocity
Implementation was a bit bumpy and Paylocity team not always available for next steps and/or questions. I feel like Paylocity could have done a better job in their fact finding as far as what we were currently doing, our payroll policies and needs, etc. so that we would have run into less issues as we moved forward.
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Alternatives Considered
Compensation Tool
No answers on this topic
Paylocity
We went through demos five years ago and we evaluated ADP and UKG in the past, and we used Paycor previously. In the past, I've used ADP and Kronos when it was still Kronos at other companies. So several different ones. One of the main reasons was that it was all one platform and you didn't have to log into other platforms for it to communicate with each other. Payroll talks to time that talks back to payroll and you don't have to log into anything separate. The reporting was also really easy and you didn't have to have a master's degree to do it.
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Contract Terms and Pricing Model
Compensation Tool
No answers on this topic
Paylocity
I didn't help but I like the pricing
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Scalability
Compensation Tool
No answers on this topic
Paylocity
We have gone from a medium sized company to a larger company with no issues whatsoever with Paylocity being able to keep up or do what we need it to do for the size of our needs. In fact, it does more than we even use at this juncture
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Professional Services
Compensation Tool
No answers on this topic
Paylocity
They are thorough, care about quality and success, take the time needed to implement properly, answer questions, build data feeds. A professional, caring, very skilled team there.
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Return on Investment
Compensation Tool
No answers on this topic
Paylocity
  • So when I first found Paylocity back in 2013 and was pitching it to the senior leadership company, my PowerPoint presentation, our return on investment was reducing errors in time and labor. We did paper time sheets back in the day back in 2007, 2008. So we were always running paper time sheets, Microsoft Excel or other standalone products, printing them out and hand keying them into a payroll system. So my ROI to our company was to save money and time on data entry and also to better manage the taxes. So we pay for the tax service, we're in 27 states having to manage that. Previously we were responsible for knowing what every state tax codes were, what every state tax compliance rules were. So with Paylocity we signed up for a tax service and that has been a huge return on investment.
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ScreenShots

Paylocity Screenshots

Screenshot of a view of real-time employee data and performance metrics used to uncover and analyze trends. This creates an impactful understanding of the business, increase retention, understand labor costs, and plan for changes.Screenshot of where to automate manual processes with Paylocity's self-serve automation engine, Workflows. Users can implement routines for time-consuming manual tasks.Screenshot of where to manage and comply with employment law. Paylocity's HR Compliance solution helps users to stay on track and view important employee compliance items, from Equal Employment Opportunity (EEO), healthcare, and compensation.Screenshot of how Paylocity Recruiting can automate hiring processes. amplify outreach, showcase a company's culture, and build stronger candidate connections to swiftly fill positions.Screenshot of recognition and rewards in Paylocity.