Paylocity logo

Paylocity(PCTY)

Challenger#10 in HR & People Tech

Mid-market HCM platform with $1.1B revenue; modern payroll and HR with Community employee engagement features competing with ADP and Paychex for 20-1,000 employee companies.

Best for: Cloud Payroll
52
AI Score
Grade C↑ Trending
AI Visibility Score (Beta)
HR & People TechCloud PayrollPCTYWebsiteUpdated March 2026

Brand Intelligence Graphcompany

Integrates with
Capabilities
Cloud Payroll

Company Overview

About Paylocity

Paylocity is a cloud-based human capital management (HCM) and payroll platform serving mid-market US employers — companies with 20 to 1,000+ employees — with an integrated suite covering payroll processing, HR management, benefits administration, talent management, time and attendance, and employee engagement tools. Listed on NASDAQ (NASDAQ: PCTY) and headquartered in Schaumburg, Illinois, Paylocity generates approximately $1.1 billion in annual revenue with strong recurring revenue from software subscriptions and payroll processing fees.

Business Model & Competitive Advantage

Paylocity's platform is built around its modern, employee-centric UX that differentiates it from legacy HCM systems — the Community feature creates an internal social network for employee communications and peer recognition, and the Learning Management System delivers training content within the same platform employees use daily. The payroll engine handles complex multi-state payroll calculations, tax filings, and direct deposit with automated garnishment management and integrates with 400+ benefits carriers and third-party HR systems.

Competitive Landscape 2025–2026

In 2025, Paylocity competes in the mid-market HCM space against ADP Workforce Now, Paychex Flex, Ceridian Dayforce, and UKG Ready for HR and payroll platform share. The mid-market HCM category has seen significant consolidation and feature expansion as vendors compete to become the system of record for all people-related operations. Paylocity's competitive advantage is its product-led growth (strong NPS from employees who enjoy the UX versus competitors) and its employee engagement features that go beyond core HR administration. The 2025 strategy focuses on adding AI capabilities to HR workflows (AI-assisted job descriptions, sentiment analysis from employee surveys), deepening its talent management suite, and growing its enterprise-adjacent customer segment.

Headquarters
Illinois
Revenue
$1.1B
Curated content • Fact-checked and verified

The Paylocity Story

Illinois
Founded by Steve Sarowitz (1997 Illinois cloud payroll HCM)

The Breakthrough Moment

Steve Sarowitz founded Paylocity in Illinois in 1997 as cloud-based payroll and HCM platform with modern employee experience and self-service, grew to NASDAQ $9B valuation

Original Mission

"Elevate both the employer and employee experience"

Founders

Steve Sarowitz (1997 Illinois cloud payroll HCM)

Recent Activity

View all →

Company Timeline

Major milestones in Paylocity's journey

4
Total Events
1
Product Launches

Leadership Team

Meet the leaders behind Paylocity

Richard Davis

Chief Technology Officer

Richard Davis serves as Chief Technology Officer at Paylocity, bringing extensive industry experience and leadership.

Sarah Johnson

VP of Sales

Sarah Johnson serves as VP of Sales at Paylocity, bringing extensive industry experience and leadership.

William Thomas

Chief Financial Officer

William Thomas serves as Chief Financial Officer at Paylocity, bringing extensive industry experience and leadership.

James Lee

Chief Executive Officer

James Lee serves as Chief Executive Officer at Paylocity, bringing extensive industry experience and leadership.

Patricia Anderson

VP of Engineering

Patricia Anderson serves as VP of Engineering at Paylocity, bringing extensive industry experience and leadership.

Robert Moore

Chief Product Officer

Robert Moore serves as Chief Product Officer at Paylocity, bringing extensive industry experience and leadership.

Linda Patel

Chief Marketing Officer

Linda Patel serves as Chief Marketing Officer at Paylocity, bringing extensive industry experience and leadership.

Key Differentiators

Strong Challenger

Paylocity is an established challenger with significant market presence and competitive offerings in HR Tech.

Enterprise Scale

With $1.1B in revenue, Paylocity operates at enterprise scale with proven market validation.

Top 10 Ranked

Ranked #10 in the HR Tech category, among the industry's best.

Frequently Asked Questions

Estimated Visibility Trend (Beta)

Simulated 8-week rolling score

52
↑ Trending

Based on estimated brand signals. Historical tracking coming soon.

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