Paylocity Holding Corp (PCTY) is a highly distinguished American company with headquarters in Schaumburg, Illinois. Since its inception in 1997 by Steve Sarowitz, Paylocity has quickly risen as a leading provider of cloud-based human capital management (HCM) software solutions. Paylocity focuses on helping businesses streamline employee services - such as payroll processing, human resources management, benefits administration, time and labor management, among others - in an online, easily accessible format.
As a significant industry innovator, Paylocity's prime objective extends far beyond merely managing payroll and HR needs. Its products aim to promote a culture of engagement, promote employee efficiency, and provide insightful business analytics. They have developed software capabilities that offer complete automation and mobile applications that offer user-friendly, intuitive solutions. Additionally, these services can be customized to fit the needs of businesses of various sizes, from small to medium-sized businesses (SMBs) to large enterprises.
In 2014, Paylocity Holding Corp went public on the NASDAQ Stock Exchange under the symbol "PCTY". Despite being at the helm of a highly competitive industry, Paylocity has managed to sustain a robust and steadily growing customer base. It's not surprising, therefore, that Paylocity has repeatedly earned accolades for its software platforms, business ethics, and engaging work culture.
Apart from the technical brilliance that sustains its standing, Paylocity also maintains a paradigm of corporate responsibility. The company supports communities and has publicized commitment to philanthropy and sustainability. This corporate ethic has garnered considerable recognition and an excellent reputation, as well.
Today, Paylocity continues to push the boundaries in what is possible within human capital management. Their consistent financial performance is a testament to the indispensability of their software solutions and the robustness of their business model. With the corporate vision of providing unparalleled payroll and HR solutions and the mission of elevating the profession of Payroll and Human Resources out of the back office and into the boardroom where it belongs, Paylocity continues to ascend as a tour de force in the HCM industry.