# Paylocity

> Paylocity sells cloud software that connects payroll, HR, workforce management, employee experience, finance, and IT workflows. Its expansion into spend management builds on a central employee record, serving roughly 44,000 clients as reported in its fiscal 2026 corporate responsibility material.

- **Founded:** 1997
- **Headquarters:** Schaumburg, United States
- **Founders:** Steve Sarowitz (Founder)
- **Products:** Payroll and tax services, HR and benefits administration, Workforce management, Talent management, Community and employee experience
- **Notable:** Released its first SaaS platform in 2002., Named 2003 IPPA Service Bureau of the Year., Began Nasdaq trading under PCTY on March 19, 2014.

## Products & services

- **Payroll and tax services** — Payroll processing, tax filing, employee pay access, reporting, and connected employee records. The first SaaS platform was released in 2002.
- **HR and benefits administration** — Employee records, onboarding, benefits enrollment, compliance workflows, and self-service.
- **Workforce management** — Time and attendance, scheduling, labor tracking, and related reporting.
- **Talent management** — Recruiting, learning, performance reviews, compensation, and headcount planning.
- **Community and employee experience** — Company communication, surveys, recognition, and employee feedback tools.
- **Paylocity for Finance** — AP automation, expense management, corporate cards, guided procurement, and headcount planning, launched July 22, 2025.
- **IT solutions** — Connected IT workflows, including access and identity management capabilities.
- **Elevate Solutions** — Platform paired with dedicated operational HR and payroll support, announced April 2026.
- **Paylocity Retirement** — Connects retirement administration with payroll and HR, announced June 2026.
- **Ignite AI** — Embedded AI assistance and agents across HR, Finance, and IT, announced July 21, 2026.
- **Recruiting Optimizer** — October 22, 2026 release adds Candidate Engagement and Talent Rediscovery agents under recruiter-defined criteria.

## Achievements

- Released its first SaaS platform in 2002.
- Named 2003 IPPA Service Bureau of the Year.
- Began Nasdaq trading under PCTY on March 19, 2014.
- Launched Paylocity for Finance in July 2025 after acquiring Airbase.
- Reported US$269.7 million GAAP net income in fiscal 2026.

## Latest updates

- **2026-10** — October 22: introduced Recruiting Optimizer with candidate engagement and talent rediscovery agents.
- **2026-09** — September 10: New York Jets named Paylocity their official HCM platform.
- **2026-08** — August 4: reported fiscal 2026 total revenue of US$1.771 billion.
- **2026-07** — July 21: introduced Ignite AI; July 9: announced acquisition of leave-management company Aidora.
- **2026-06** — Announced Paylocity Retirement.
- **2026-04** — Acquired Grayscale and announced Elevate Solutions.

## Links

- Website: https://www.paylocity.com/
- LinkedIn: https://www.linkedin.com/company/paylocity/
- Twitter/X: https://twitter.com/Paylocity
- YouTube: https://www.youtube.com/c/paylocity
- Instagram: https://www.instagram.com/paylocity/
- Facebook: https://www.facebook.com/PaylocityCareers/
- TikTok: https://www.tiktok.com/@pctycareers

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Profile page: https://yespress.io/paylocity
Published by YesPress — https://yespress.io
Last updated: 2026-10-23