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“Paylocity clients have seen a 72% growth in the number of Gen Z workers in the last 36 months, making us acutely aware of the shifting dynamics in today's workforce... By fostering continuous development, transparent communication, and a culture of collaboration, our innovative HR platform empowers organizations to adapt, thrive, and retain top talent." - Steve Beauchamp, co-CEO of Paylocity Read about how Paylocity is helping companies embrace the 'next generation' with our latest enhancements. #pcty #paylocity Paylocity Unveils Modern Features for the Next-Generation Workforce https://lnkd.in/gFeadDjM
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Jennifer Watson
🤑 Ever thought about the real cost of not keeping a tight grip on people expenses during live events? Spoiler: it's a lot! Let’s break it down with a real-life example. Imagine a mid-sized company organizing a three-day music festival with 200 employees. Here’s what can go wrong: ⏰ Tracking Time Inaccurate clock-in/out records can lead to sneaky overtime costs. If 10% of employees (20 people) each clock an extra hour daily at $20/hour, that's an extra 60 hours over three days. That means $1,200 per day, totaling $3,600 for the event. Add in any additional payroll taxes and benefits, and you're easily looking at $4,000 gone! 💵 Payroll Accuracy Misclassifying hours and incorrectly calculating overtime can be costly. If 5% of the total hours worked (300 hours) are misclassified, resulting in incorrect overtime payments, this could lead to overpayments. Assuming an overtime rate of $30/hour, that's an extra $9,000 in unexpected costs. ➕Anticipating Overtime Not planning for OT can lead to last-minute hires at higher rates. If 20 employees each require two hours of overtime daily, that's 120 overtime hours over three days. At an overtime rate of $30/hour, this could result in an additional $3,600 in expenses. Factor in rush hire fees or premium rates, and you might end up paying another $2,400. ✌🏼No-Show Incidents No-shows are a headache and replacements cost more. If 5 employees no-show each day and replacements cost an additional $50/hour, that's 40 hours over three days at $50/hour, totaling $2,000. Add in administrative costs and other penalties, and this could easily add another $1,000, making it $3,000. 💪🏼Employee Performance Poor performance leads to inefficiencies, longer hours, and higher costs. If inefficiencies lead to 10% more work hours (300 extra hours) and assuming an average wage of $20/hour, that's an additional $6,000 in labor costs. All these factors combined can lead to a total loss of up to $14,600 in just three days! And that’s not even counting the hit to your brand. So while you are trying to figure out how to get ROI on all of your processes, don’t forget how these small things all add up. If you don’t manage the controllables (or at least have a line of sight into them), you are going to end up losing money on the things your company is good at! #HR #PeopleManagement #Payroll #EmployeePerformance #LiveEvents #CostManagement #HRStrategy #BusinessEfficiency
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Casey Ruth
Gen Z is surpassing Boomers in the workforce this year, and these younger generations are experiencing low engagement in post-pandemic years. Paylocity is helping companies embrace the 'next generation' with our latest enhancements. For example, we're meeting younger generations where they are (...on their phone) with our #1-rated HR mobile app. Plus, job-seekers can now easily apply for jobs by scanning QR codes or texting (SMS). #pcty #paylocity Paylocity Unveils Modern Features for the Next-Generation Workforce https://lnkd.in/g8AY6Tmj
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HR technology is revolutionizing the way nonprofits operate. More and more organizations are turning to HR technology to manage recruitment, payroll, and employee engagement. The biggest benefit Paylocity clients have seen? Freeing up time for staff so they can focus on their mission and make a bigger impact in the community. See how NWEA saved more than 1,200 hours a year after switching to Paylocity. #pcty #hrtechnology
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Jen Poudrier
In my experience, too many dealers recognize the value of buying from private parties but struggle with a lack of structure. Our SRM system is the perfect solution to bridge this gap, ensuring every interaction is tracked and proper follow-up is achieved. See what it can do for you. #buywithVAN, #getontheVANwagon, #preownedinventory, #higherprofitmargin
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Monica Sanchez
Thank you Spekit 🐙 for hosting this #IAmEnablement contest with an effort to bridge the gap between the perception of what enablement is and what enablement actually DOES. I will always jump at the opportunity to amplify the voices of Sales Enablement professionals and advocate for the impact we can make in organizations when embraced. #WhoIsEnablement? 💡 🤔 Enablement is: ✅ Organized ✅ Manages time well ✅ A project manager, planning and executing on several revenue driven initiatives that are important to various stakeholders at a time. ✅ A great communicator because they are highly skilled at multi-tasking and incorporating communication plans as a part of the initiation and planning process. ✅ Always taking into account the sellers perspective. ✅ A strategist who care about metrics and understands how to use and leverage the tools their sellers use. ✅ Involved in account planning templates, mutual action plans (if not sometimes creating them), pulling SFDC data to draw insights into selling trends, measuring how well sales skills programs are performing ✅ Is a presenter relaying important ROI metrics on their programs to Executive Leadership ✅ Is the heart of a organization ❤️ ✅ IS IMPACT 💥 AND SO MUCH MORE! When asked #WhoisEnablement? I proudly say... #IAmEnablement! 🔔 Challenging some of my fellow enablement heroes to share their own stories and perspectives on the role of sales enablement! Lisa Duncan Clayton Schoenstein Jerri Onedera Rachel Antone Lisa Danaher 🚀 This post or video is not sponsored by Chat GPT 😂 You got my real authentic thoughts, sorry! 🤷♀️ #SalesEnablement #RevenueEnablement #IAmEnablement #Strategists #ProjectManagement #Impact #SellingTrends #AnnualPlanning #QuarterlyPlanning #StakeholderManagement
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Barbara Schwenk
The lawsuit against Paylocity highlights the critical need for accurate payroll systems and vigilant compliance with labor laws. As employers, we must ensure our payroll solutions are reliable and address issues promptly to avoid costly legal consequences. This case is a reminder to maintain strict oversight and robust backup plans. #PayrollCompliance #LaborLaws #EmployeeRights #HRTech #WageAndHour
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