Paycom
Paycom provides a comprehensive cloud-based human capital management software that streamlines the entire employment lifecycle from recruitment and onboarding to payroll, talent management, and HR analytics in one application.
Paylocity
Paylocity is a comprehensive human capital management platform that simplifies payroll, benefits, and talent management while providing modern engagement tools to help you build a stronger workplace culture.
Quick Comparison
| Feature | Paycom | Paylocity |
|---|---|---|
| Website | paycom.com | paylocity.com |
| Pricing Model | Custom | Custom |
| Starting Price | Custom Pricing | Custom Pricing |
| FREE Trial | ✘ No free trial | ✘ No free trial |
| Free Plan | ✘ No free plan | ✘ No free plan |
| Product Demo | ✓ Request demo here | ✓ Request demo here |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 1998 | 1997 |
| Headquarters | Oklahoma City, USA | Schaumburg, USA |
Overview
Paycom
Paycom provides a single, cloud-based application to manage your entire workforce from recruitment to retirement. Instead of toggling between different systems for payroll, benefits, and HR, you can handle everything in one place with a single database. This eliminates the need for data integration and reduces the risk of manual entry errors across your organization.
You can empower your employees to manage their own data through the Beti payroll system, which lets them find and fix errors before you ever hit submit. This shift in responsibility ensures higher accuracy and saves your HR team hours of administrative work. Whether you are hiring new talent or tracking performance, the platform gives you the real-time analytics needed to make informed people decisions.
Paylocity
Paylocity is an all-in-one human capital management platform designed to help you manage your entire employee lifecycle from a single interface. You can automate complex payroll runs, streamline open enrollment for benefits, and track time and attendance without manual data entry. The platform focuses heavily on the modern employee experience, offering social collaboration tools and mobile-first features that make it easier for your team to stay connected and productive.
Beyond basic administrative tasks, you can use the software to recruit top talent, conduct performance reviews, and provide on-demand training through a built-in learning management system. It is specifically designed for mid-market organizations that need to move away from disconnected spreadsheets and manual processes. By centralizing your data, you gain real-time insights into labor costs and employee engagement to make better business decisions.
Overview
Paycom Features
- Beti Employee-Driven Payroll Let your employees lead the payroll process by identifying and fixing errors before submission to ensure 100% accuracy.
- Manager on-the-Go Approve time-off requests, expenses, and personnel changes directly from your mobile device while you are away from your desk.
- Applicant Tracking Post jobs to multiple boards and track candidates through your custom hiring pipeline to find the right talent faster.
- Benefits Administration Simplify open enrollment by allowing your team to compare plans and sign up for benefits through a guided digital experience.
- Paycom Learning Create and assign custom training courses to your staff to ensure compliance and support professional development across your team.
- Expense Management Snap photos of receipts and submit expenses for approval instantly, reducing the need for manual data entry and paper trails.
Paylocity Features
- On-Demand Pay. Give your employees early access to their earned wages so they can manage unexpected expenses without financial stress.
- Community Social Hub. Create a central space where you can share company news, recognize achievements, and foster collaboration across your entire organization.
- Automated Payroll. Run your payroll accurately and quickly with automated tax filings, direct deposits, and compliance updates that sync with your time data.
- Mobile App. Empower your team to clock in, view pay stubs, and request time off directly from their smartphones at any time.
- Learning Management. Assign and track mandatory compliance training or professional development courses to keep your workforce skilled and compliant.
- Recruiting & Onboarding. Post jobs to multiple boards and transition new hires into your system automatically with digital paperwork and welcome tasks.
Pricing Comparison
Paycom Pricing
Paylocity Pricing
Pros & Cons
Paycom
Pros
- Single login for all HR and payroll functions
- Employee-driven payroll reduces administrative errors significantly
- Robust reporting tools provide deep organizational insights
- User-friendly mobile app for employees and managers
- Streamlined onboarding process for new hires
Cons
- Initial setup and implementation can be time-consuming
- Pricing is less transparent than smaller competitors
- Frequent software updates require occasional re-learning
Paylocity
Pros
- Highly customizable reporting for complex data needs
- Excellent mobile app experience for remote employees
- Strong social engagement features improve company culture
- Unified database eliminates redundant data entry tasks
- Regular updates based on user feature requests
Cons
- Initial implementation process can be time-consuming
- Customer support response times vary during peak seasons
- Learning curve for advanced reporting modules