LAS VEGAS, NV, September 25, 2024 – HR Tech– Paylocity (NASDAQ: PCTY), a leader in cloud-based HR and payroll software solutions, today announced Headcount Planning, a new offering that brings together Finance, HR, Talent Acquisition, and hiring managers to create a more cohesive, data-driven approach to workforce planning. This integrated solution builds on Paylocity’s acquisition of Trace in December 2023 and leverages the Paylocity employee record as the single source of truth for company-wide headcount planning. It enables businesses to proactively map headcount needs across the organization, manage workflows and approvals from initial forecasting through opening new roles, and offers comprehensive reporting to stay ahead of ever-changing talent needs as employees join, move, or leave an organization.
As a primarily Finance-led function, today’s headcount planning process is often based on offline spreadsheets, disjointed meetings, and side conversations between different stakeholders. With the launch of Paylocity Headcount Planning, cross-functional teams can now easily come together and collaborate on centralized plans within the Paylocity platform. The result is a common location where business leaders can plan their headcount budgets, view any spend and forecast updates in real time as changes occur within the Paylocity system, and continually develop and adjust automated workflows that ensure the right people are always part of the review and approval process for headcount spending.
"Planning for workforce growth shouldn’t be a manual, time-consuming task that relies on spreadsheets and ad hoc conversations to manage a company’s most valuable resource—its people," said Toby Williams, Paylocity President and CEO. "With our Headcount Planning solution, we’re bringing together key decision makers across Finance, HR, and Talent Acquisition and ensuring they have the most up-to-date and accurate data from the Paylocity system to nimbly refine and adjust their headcount strategy. This solution gives CFOs and CHROs a way to partner more effectively in dealing with changing market conditions, employee movement, and the profitability pressure nearly every organization faces today."
Paylocity Headcount Planning Benefits:
More information on Paylocity’s Headcount Planning can be found here.
About Paylocity
Headquartered in Schaumburg, IL, Paylocity (NASDAQ: PCTY) is an award-winning provider of cloud-based HR and payroll software solutions. Founded in 1997 and publicly traded since 2014, Paylocity offers an intuitive, easy-to-use product suite that helps businesses automate and streamline HR and payroll processes, attract and retain talent, and build culture and connection with their employees. Known for its unique culture and consistently recognized as one of the best places to work, Paylocity accompanies its clients on the journey to create great workplaces and help all employees achieve their best. For more information, visit www.paylocity.com.
CONTACT:
Nicole Andergard
nandergard@paylocity.com
503-866-0783