Paylocity has acquired VidGrid, a video platform that provides two-way, peer-to-peer learning courses. The companies aren’t strangers to each other: They’ve worked together for several years to deliver video learning to Paylocity clients.
Those efforts created the opportunity for the companies to join forces as one entity, Paylocity said.
Employees have put increasing emphasis on multimedia and social learning in recent years. Although the acquisition effort was underway before the COVID-19 pandemic began sweeping through Europe and the United States, VidGrid’s tools join Paylocity’s lineup at the same time demand for effective remote-learning tools is sure to increase..@Paylocity acquired video-learning platform provider VidGrid, strengthening presence in multimedia learning. #HR #HRTech @VidGridinc Click To Tweet
Video Learning and Remote Work
In the last two weeks, Paylocity launched new features and resources meant to help companies implement state and federal legislation enacted to help workers during the pandemic, including the Coronavirus Aid, Relief and Economic Security (CARES) Act and the Families First Coronavirus Response Act (FFCRA). The features help companies customers capture social security tax deferral options and reporting functionality for the Paycheck Protection Program.
The company also launched an Emergency Setup Dashboard to help customers keep their employees informed during the pandemic. The dashboard helps ensure employee contact information is updated, shares information and allows set up of direct deposit for payroll.
Over the past four weeks, usage of Paylocity’s engagement and communication tool, Community, has more than doubled. Its mobile, survey and LMS are all “proving to be highly useful,” the company said.
In January, Paylocity launched a set of features meant to help employers attract and retain Gen Z talent including on-demand pay, a social collaboration platform and an LMS. The trade website Pymnts.com said that was part of the company’s “doing its best to keep up with the times in terms of payments” by helping employees get paid more quickly.
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