Paylocity Compensation Employee Reviews | Comparably
Paylocity Claimed Company
Paylocity(NASDAQ: PCTY) is an award-winning provider of cloud-based HR and payroll software solutions. Founded in 1997 and publicly traded since 2014, Paylocity offers an intuitive, easy-to-use product suite that helps businesses automate and streamline HR and payroll processes, attract and retain talent, and build culture and connection with their employees. Known for its unique culture and consistently recognized as one of the best places to work, Paylocity accompanies its clients on the journey to create great workplaces and help all employees achieve their best. read more
EMPLOYEE
PARTICIPANTS
219
TOTAL
RATINGS
2335
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Paylocity Compensation Employee Reviews

What is the best part about your compensation package?

The compensation package is very competitive it’s motivating and gives us the flexibility to support our lifestyles. There are great options, but I especially love the employee stock purchase pl

The RSU packages are amazing! For sales people, the commissions are extremely rewarding.

The commission is very competitive.

All of it is great

Review from Sales Dept

Commission plan is very robust

Review from Sales Dept

Opportunity for promotion is real; benefit costs have been flat for years; and equity has been strong.

The benefits are the best I've ever had.

Almost everyone at Paylocity receives restricted stock. The pay is fair although everyone always wants more. The benefits are very good.

100 percent coverage after hitting deductible and HSA account matching.

Uncapped commission and stock (RSUs).

Review from Sales Dept

Benefits like ESPP and bonus

RSUs and employee stock purchase plan.

Review from Sales Dept

RSU's and employee stock options

competitve rate set me apart in the market place.

Review from Operations Dept

Im in sales so for me its a dream to get paid selling top notch software

Paid parental leave and the rate of vacation accrual. They focus allot on mental health.

Medical benefits haven't increased in 4 years!

RSU's. Fair Pay. Bonus. 401K match

Review from HR Dept

Fantastic health and vacation benefits along with ESPP.

Review from HR Dept

Excellent Benefits and ESPP is available for employees.

Review from HR Dept

Why do you feel undervalued and what would make you feel better about your compensation?

I feel my position should be paid more than what my current salary is. Its a lot of work!

The salary is quite low given the size and age of the company. Yearly raise is minor (3%) and no clear path for career progression for larger raises. RSU's take a very long time to vest, almost as long as the 15 days of PTO accrue. Holidays arepoor; expected to work the day after Thanksgiving/xmas.

Cost of living increases in pay. Also, during Covid paylocity suspended the 401k match and bonuses but the company still grew by 40% YOY. So the C-Suite all got their bonuses

Review from Sales Dept

Better pay. More opportunities to move within the company.

Review Sentiment at Paylocity

87
87%
13
13%

About Paylocity's Compensation

A
78/100

Where This Score Ranks Paylocity's Compensation

TOP
10%

In the Top 10% of 1748 similar size companies on Comparably

TOP
20%

In the Top 20% of 216 companies in Chicago

4th

4th place versus 5 competitors rated on Comparably

111 employees at Paylocity score their wages and compensation an A on average. As a testament to this, when employees are asked “Do you believe you're paid fairly?”, 72% say Yes. The Sales department is the most satisfied with their compensation, ranking it 91/100, a full 12 pts above the Operations department. If you want detailed data about Paylocity's wages, see the <a href="https://www.comparably.com/companies/paylocity/salaries">wage breakdown by department, job titles, locations, and more.</a>

Rate Compensation the Highest

  • Ethnicity - Hispanic or Latino
    +22%
  • Experience - 1 to 3 Years
    +14%
  • Experience - 3 to 6 Years
    +14%

Rate Compensation the Lowest

  • Ethnicity - Other
    -23%
  • Experience - 6 to 10 Years
    -15%
  • Tenure - 1 to 2 Years
    -7%

How Paylocity's Compensation Score is Calculated

FILTER RATINGS BY

Results from 111 Employees in All Departments, All Genders, All Ethnicities and All Yrs. Experience Experience

AnswerPercent
Yes72%
No28%
Do you believe you're paid fairly?
AnswerPercent
Yes82%
No18%
Are you satisfied with your Benefits?
AnswerPercent
Yes70%
No30%
Does your company give annual bonuses?
AnswerPercent
Every 6 months or less10%
Every year60%
Every 2 years20%
Every 3 years or more10%
Never0%
How often do you get a raise?
×
Rate your company