Paylocity launched two new products, Recognition & Rewards and Employee Voice, to tackle efforts designed to improve culture and engagement and boost recruiting and retention. The company said the products will improve workplace connections throughout a company’s workplace environment.
Recognition & Rewards builds on Paylocity’s peer recognition capabilities and includes automation to recognize common moments such as birthdays or anniversaries, while customization allows employers to tailor their rewards programs with cash redemption.
Employee Voice builds on Paylocity’s existing AI capabilities to combine technology and scientific principles on top of a proprietary statistically validated engagement model. Employers can use it to automatically delve into employee sentiment, with the resulting data and insights helping executives and managers to identify key drivers of engagement.
Meanwhile, Paylocity rolled out a customizable, next-generation mobile app. It includes an updated home screen that compiles the information most relevant to each employee, such as new messages, open tasks, timesheets and an online hub that provides updates from leaders and allows connection with peers.
Nuts and Bolts
In July, Paylocity launched enhancements to its generative AI and LMS, as well as a premium product to provide market pay data to aid employers in developing fair and compliant pay strategies. The Market Pay product provides data in real time, within the Paylocity platform. It also allows customers to accurately evaluate pay for specific roles, as well as comply with pay equity and job posting requirements in multiple states.
At the same time, the company extended its generative AI capabilities to help create “compelling and compliant” job descriptions. The newly streamlined process was designed to save time for talent acquisition professionals.