Paylocity is a cloud-based software provider of human capital management, payroll, and spend management solutions designed for mid-market U.S. businesses. The company serves organizations with approximately 150+ employees through a unified platform that automates HR, payroll, benefits administration, time and labor tracking, talent management, and financial processes, while offering employee engagement and communication tools. Paylocity generates recurring subscription revenue based on solutions purchased, employee headcount, and service volumes, with a high revenue retention rate, and distributes through a direct sales force supplemented by referrals from 401(k) advisors, benefits administrators, and HR consultants across diverse industries including business services, financial services, healthcare, and technology.