Paylocity Adds Peer-to-Peer Rewards to Strengthen Team Bonds and Share Everyday Moments of Gratitude
Paylocity (NASDAQ: PCTY) announced the addition of Peer-to-Peer Rewards to its Recognition & Rewards solution, launching in August 2025. This new feature enables managers and employees to provide monetary recognition through cash awards and digital gift cards, processed through Paylocity's integrated payroll platform.
The enhancement responds to client demand for improved employee retention and engagement tools. According to research cited, employees are 45% less likely to leave when they feel recognized, and 82% of Paylocity clients prefer cash rewards. The platform offers unique capabilities including automated tax processing, flexible redemption options, and comprehensive administrative controls.
Key features include company wallet management, direct deposit or gift card redemption options, automated tax compliance, customizable recognition programs, and seamless platform integration across Paylocity's ecosystem. The solution stands out as the only HCM platform offering native cash rewards processing.
Paylocity (NASDAQ: PCTY) ha annunciato l'introduzione di Peer-to-Peer Rewards nella sua soluzione Recognition & Rewards, con lancio previsto per agosto 2025. Questa nuova funzionalità permette a manager e dipendenti di offrire riconoscimenti monetari tramite premi in denaro e carte regalo digitali, gestiti attraverso la piattaforma payroll integrata di Paylocity.
L'aggiornamento risponde alla richiesta dei clienti di strumenti più efficaci per migliorare la fidelizzazione e il coinvolgimento dei dipendenti. Secondo le ricerche citate, i dipendenti sono 45% meno propensi a lasciare l’azienda quando si sentono riconosciuti, e l'82% dei clienti Paylocity preferisce premi in denaro. La piattaforma offre funzionalità uniche come l’elaborazione fiscale automatica, opzioni flessibili di riscatto e un controllo amministrativo completo.
Le caratteristiche principali includono la gestione del portafoglio aziendale, opzioni di accredito diretto o riscatto tramite carte regalo, conformità fiscale automatizzata, programmi di riconoscimento personalizzabili e un'integrazione fluida con l’ecosistema Paylocity. La soluzione si distingue come l’unica piattaforma HCM che offre un processo nativo per i premi in denaro.
Paylocity (NASDAQ: PCTY) anunció la incorporación de Peer-to-Peer Rewards a su solución Recognition & Rewards, que se lanzará en agosto de 2025. Esta nueva función permite a gerentes y empleados otorgar reconocimientos monetarios mediante premios en efectivo y tarjetas de regalo digitales, procesados a través de la plataforma integrada de nómina de Paylocity.
La mejora responde a la demanda de los clientes por herramientas que mejoren la retención y el compromiso de los empleados. Según investigaciones citadas, los empleados tienen un 45% menos de probabilidad de irse cuando se sienten reconocidos, y el 82% de los clientes de Paylocity prefieren recompensas en efectivo. La plataforma ofrece capacidades únicas, incluyendo procesamiento automático de impuestos, opciones flexibles de canje y controles administrativos completos.
Las características clave incluyen gestión de billetera corporativa, opciones de depósito directo o canje con tarjetas de regalo, cumplimiento fiscal automatizado, programas de reconocimiento personalizables e integración fluida en todo el ecosistema de Paylocity. La solución destaca como la única plataforma HCM que ofrece procesamiento nativo de recompensas en efectivo.
Paylocity (NASDAQ: PCTY)는 2025년 8월 출시 예정인 Recognition & Rewards 솔루션에 Peer-to-Peer Rewards 기능을 추가한다고 발표했습니다. 이 새로운 기능은 관리자와 직원이 Paylocity의 통합 급여 플랫폼을 통해 현금 상금과 디지털 상품권으로 금전적 인정을 제공할 수 있도록 합니다.
이번 개선은 직원 유지 및 참여 도구에 대한 고객의 요구에 부응한 것입니다. 인용된 연구에 따르면, 직원들은 인정을 받을 때 퇴사할 확률이 45% 감소하며, Paylocity 고객의 82%가 현금 보상을 선호합니다. 이 플랫폼은 자동 세금 처리, 유연한 교환 옵션, 포괄적인 관리 제어 등 독특한 기능을 제공합니다.
주요 기능으로는 회사 지갑 관리, 직접 입금 또는 상품권 교환 옵션, 자동 세금 준수, 맞춤형 인정 프로그램, Paylocity 생태계 전반에 걸친 원활한 플랫폼 통합이 포함됩니다. 이 솔루션은 현금 보상 처리를 기본으로 제공하는 유일한 HCM 플랫폼으로 돋보입니다.
Paylocity (NASDAQ : PCTY) a annoncé l'ajout de Peer-to-Peer Rewards à sa solution Recognition & Rewards, prévue pour août 2025. Cette nouvelle fonctionnalité permet aux managers et employés d'offrir des reconnaissances monétaires via des primes en espèces et des cartes-cadeaux numériques, traitées via la plateforme de paie intégrée de Paylocity.
Cette amélioration répond à la demande des clients pour des outils améliorant la rétention et l'engagement des employés. Selon les recherches citées, les employés sont 45 % moins susceptibles de quitter leur poste lorsqu'ils se sentent reconnus, et 82 % des clients Paylocity préfèrent les récompenses en espèces. La plateforme propose des capacités uniques telles que le traitement fiscal automatisé, des options de remboursement flexibles et un contrôle administratif complet.
Les principales fonctionnalités comprennent la gestion du portefeuille d'entreprise, des options de dépôt direct ou de remboursement par carte-cadeau, la conformité fiscale automatisée, des programmes de reconnaissance personnalisables et une intégration fluide à l'ensemble de l'écosystème Paylocity. La solution se distingue comme la seule plateforme HCM offrant un traitement natif des récompenses en espèces.
Paylocity (NASDAQ: PCTY) kündigte die Einführung von Peer-to-Peer Rewards in seiner Recognition & Rewards-Lösung an, die im August 2025 startet. Diese neue Funktion ermöglicht es Managern und Mitarbeitern, monetäre Anerkennung durch Bargeldprämien und digitale Geschenkkarten zu vergeben, die über die integrierte Gehaltsabrechnungsplattform von Paylocity abgewickelt werden.
Die Erweiterung reagiert auf die Nachfrage der Kunden nach verbesserten Instrumenten zur Mitarbeiterbindung und -engagement. Laut zitierten Studien sind Mitarbeiter 45 % weniger geneigt zu kündigen, wenn sie Anerkennung erfahren, und 82 % der Paylocity-Kunden bevorzugen Bargeldprämien. Die Plattform bietet einzigartige Funktionen wie automatisierte Steuerverarbeitung, flexible Einlösungsoptionen und umfassende administrative Kontrollen.
Zu den Hauptmerkmalen zählen die Verwaltung der Firmen-Wallet, Optionen für direkte Einzahlung oder Geschenkkarten-Einlösung, automatisierte Steuerkonformität, anpassbare Anerkennungsprogramme und nahtlose Plattformintegration im gesamten Paylocity-Ökosystem. Die Lösung zeichnet sich als die einzige HCM-Plattform aus, die native Bargeldprämienverarbeitung anbietet.
- First HCM solution to offer native cash rewards processing, addressing employee preference for flexible compensation
- Integration with existing payroll system enables automated tax compliance and processing
- Research shows 45% reduction in employee turnover likelihood when recognition programs are implemented
- 82% of clients prefer cash rewards, indicating strong market alignment
- Platform offers comprehensive administrative controls and visibility for reward management
- None.
Insights
Paylocity's new Peer-to-Peer Rewards feature offers competitive differentiation through native cash rewards integration, potentially increasing platform stickiness.
Paylocity's new Peer-to-Peer Rewards functionality represents a strategic enhancement to their HR platform that addresses a critical market need. What makes this particularly noteworthy is Paylocity's unique implementation approach - they've leveraged their integrated payroll infrastructure to offer direct cash rewards, which according to their data is strongly preferred by employees (82% redemption rate).
The competitive differentiation here is significant. While peer recognition tools are becoming standard in the HCM space, Paylocity claims to be the only provider offering native cash rewards processing, avoiding the common industry workaround of gift card-only options that competitors use to navigate tax complexities. This creates a meaningful technical moat through their integrated tax and payroll systems.
From a business perspective, this enhancement serves multiple strategic objectives: it increases platform stickiness, addresses the crucial retention challenges many clients face (citing research showing recognized employees are 45% less likely to leave), and potentially creates new upsell opportunities within their existing client base.
The August 2025 release timing positions this as a near-term revenue opportunity, though the incremental financial impact will depend on adoption rates and whether Paylocity implements premium pricing for this capability. The market for employee recognition solutions continues to expand as companies struggle with retention, making this a timely addition to Paylocity's competitive toolkit in the increasingly contested HR technology marketplace.
Innovative capability positions peer appreciation as a business-critical driver of culture, employee engagement and retention.
SAN DIEGO, June 30, 2025 (GLOBE NEWSWIRE) -- SHRM 2025 Conference -- In response to strong demand from clients seeking more impactful ways to drive retention, performance, and engagement of key employees, Paylocity (NASDAQ: PCTY), an award-winning provider of cloud-based HR, payroll, and spend management software solutions, today announced the addition of Peer-to-Peer Rewards to its Recognition & Rewards solution. Managers and peer employees can now provide direct recognition and reward for outstanding performance and impact with monetary awards and digital gift cards, seamlessly processed through Paylocity’s integrated payroll and tax platform. Administrators retain full control and visibility into how Rewards are funded and distributed, ensuring alignment with company culture, objectives, budgets and policies.
While manager-driven rewards remain important, high-performing organizations have also benefited from employees’ ability to acknowledge and support each other directly for impactful performance - helping organizations turn everyday appreciation into a strategic lever for building culture, driving performance, strengthening team relationships, and improving retention.
Appreciating employees in impactful ways drives engagement and retention. Research from Gallup and Workhuman shows employees are 45 percent less likely to leave when they feel recognized and valued. Among Paylocity clients, 82 percent of Rewards are redeemed as cash, reflecting a strong employee preference for flexible unrestricted rewards. Unlike other providers that rely on gift cards to navigate tax complexities, Paylocity is the only HCM solution to deliver cash rewards natively. This offers organizations a simple, compliant way to meet employee preferences and create more inclusive reward programs.
"Some of our most effective innovations are driven by listening to clients and creating solutions that align with the business outcomes they need to drive, and how people truly work,” said Melissa King, Paylocity SVP of Product and Technology. “This latest enhancement to our Rewards & Recognition offering is a powerful way for businesses to reward impactful performance, strengthen culture, boost engagement, and retain top talent.”
Key Features:
- Rewards: Administrators can allocate Reward Dollars from the Company Wallet to any employee's wallet, fostering a company-wide culture of appreciation.
- Flexible Redemption Options: Employees can redeem Reward Ducks via direct deposit or choose digital gift cards from popular brands, stores, and restaurants. There are no additional fees for clients when redeeming either cash or gift cards.
- Automated Taxation: Peer-to-Peer Rewards is on the same platform clients use for payroll, so tax calculation and collection are processed seamlessly in the next payroll batch, ensuring compliance without added administrative burden.
- Simplified Fund Management: Admins have full visibility and control over how rewards are funded and distributed, with the ability to pre-fund monetary rewards into a company wallet and allocate them to individual wallets as needed. They also have complete oversight of funding and history, helping organizations manage spend in a way that aligns with their financial priorities.
- Customization and Personalization: Admins can craft customized recognition programs, including custom badges aligned with company values. Employees can add photos, videos, or GIFs to recognitions and even use AI Assist for writing messages.
- Seamless Platform Integration: Paylocity’s solution is accessible across the platform, including the Recognition & Rewards workspace, Community, employee Home dashboard, and Mobile App. This makes appreciation a natural part of daily workflows without requiring separate logins or third-party tools.
Availability
Built upon Paylocity’s popular Rewards & Recognition solution, the new Peer-to-Peer Rewards functionality will be available to Paylocity clients in August 2025.
About Paylocity
Headquartered in Schaumburg, IL, Paylocity (NASDAQ: PCTY) is an award-winning provider of cloud-based HR, payroll and spend management 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
FAQ
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