Paylocity Momentum Continues as Clients Embrace Modern Workforce Solutions To Improve Business Outcomes in Highly Competitive Labor Environment

HR and Payroll software provider Paylocity announced continued momentum and adoption of its Modern Workforce Solutions that include innovative features such as Community, Premium Video, Surveys, Learning Management and the recently launched Modern Workforce Index. Companies are leveraging these features to help elevate the employee experience in the current competitive environment, where attracting and retaining talent has become paramount. The company has also received recognition for these solutions from third-party organizations including G2 and Lighthouse Research and Advisory.

In the fiscal year ending June 30, client usage of Community announcements on the Paylocity platform increased by over 150% year-over-year, and total announcements doubled this Spring compared to the same period in 2020. Community is a single source for announcements, group collaboration, and messaging that improves communication effectiveness and employee engagement compared to broadcast emails or antiquated intranets. Monthly unique visitors of Community on the Paylocity platform doubled in the last year, and employees created hundreds of thousands of interactions per month, including reactions and comments. Most of this activity happens on mobile devices, where the employee user experience mirrors the social media apps that people are accustomed to using every day, including the use of video. Community has seen rapid adoption by companies with dispersed workforces – including mobile and remote employees, contractors and shift workers, or other “deskless” workers that may not have regular access to corporate email or computer terminals.

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In addition, monthly video creation in the last four months steadily outpaced the first four months of 2021, and the number of videos created on the platform as of June 2021 was nearly triple the total from December 2020 as clients use videos across the platform in Community, Learning Management, Onboarding, and Recruiting.

Another increasingly popular capability of the Paylocity platform is the ability to generate Surveys to uncover employee needs and open the door for ongoing and transparent conversations.  Millions of surveys were completed last year using the Paylocity platform, including popular ready-to-use templates available to customers.

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Michigan-based manufacturer Revere Plastics relies on Paylocity to create a strong culture and compete with larger chains to attract and retain talent. Kristi Stuetzer, VP of HR for Revere Plastics commented, “We needed a system that could help build our culture, connect our 1,200 employees across nine plants, and give our HR team useful data. Paylocity cut our HR team’s onboarding work by 25-30% and helped us increase engagement with Surveys, Community, and Video, and our employees have embraced these tools.” When Revere Plastics transitioned its employee NPS survey to Paylocity, the response rate went from less than 1% to more than 40%. Stuetzer explained that Paylocity is helping “build relationships with people and build our culture. And for the first time, now we have a pulse on both.”

Paylocity clients also have access to deep insights into their organization through the Modern Workforce Index (MWI). Built with patent-pending artificial intelligence, MWI is a unified dashboard of how well clients are doing with step-by-step ways to improve engagement. They can see their overall scores and compare performance to peers – then break down results across tool utilization, employee sentiment, and organizational health. Companies with higher MWI scores show 15-25% lower attrition and higher headcount growth.

VStyles, a collection of hair salon franchises in Southern California with 150 employees, was unable to gain relevant business insights, such as company turnover, with their prior human capital management system. VStyles transitioned to Paylocity to accommodate specific compliance and regulatory needs and gain efficiencies in reporting. Using MWI, they were also able to index where the salons were against the industry and make decisions with data driving the strategic vision for the franchises. “When we first accessed the data insights, we realized our turnover rate was high relative to peers in our industry,” said VStyles Owner and HR Director Christy van de Sande. “We made some changes internally, such as offering incentives for employees who stayed longer than a year. We also spent more time training and investing in our employees’ future. After our second year with Paylocity, our turnover was cut by more than 60%. It’s gratifying as an owner to know that your investments are paying off,” continued van de Sande.

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