Paylocity (NASDAQ:PCTY), founded in 1997 and headquartered in Schaumburg, Illinois, is a leading provider of cloud-based payroll and human capital management (HCM) software. Originally launched as Ameripay Payroll, the company rebranded to Paylocity in 2011 and has since grown into a comprehensive HR technology platform designed to support mid-market organizations across the United States.
At the core of Paylocity’s offering is its unified SaaS platform, which streamlines core payroll processing, time and attendance tracking, and tax filing. Beyond these essentials, the company provides a suite of complementary modules for benefits administration, talent acquisition, onboarding, performance management, learning and development, and employee engagement surveys. Its mobile application delivers real-time access to pay statements, schedules and social news feeds, enabling employees and managers to collaborate seamlessly from any device.
Through strategic acquisitions and ongoing innovation, Paylocity has expanded its ecosystem to include advanced labor analytics, automated compliance tools and integrations with popular third-party systems. The company serves a diverse customer base spanning industries such as healthcare, manufacturing, nonprofit and financial services. Its focus on mid-sized organizations—typically those with 50 to 2,000 employees—has allowed Paylocity to tailor solutions that balance enterprise-grade capabilities with ease of use.
Led by founder and CEO Steve Beauchamp, Paylocity maintains a centralized operations center in the Chicago area while supporting customers nationwide through regional sales offices and a dedicated implementation team. The executive leadership team combines deep expertise in payroll, benefits and HR technology, driving a product roadmap that emphasizes user experience, data security and regulatory compliance. As the market for cloud-based HCM continues to evolve, Paylocity remains focused on delivering scalable, integrated solutions that help organizations improve efficiency and engage their workforce.
