Switching from manual human resources (HR) processes to advanced HR software can save businesses up to 57% of their time on administrative tasks. This significant boost in efficiency and cost savings underscores the importance of investing in HR technology to streamline operations and enhance productivity.
But with so many options available, how do you determine which HR software is the best fit for your business?
isolved and Paylocity are two top-rated HR solutions, offering comprehensive tools for payroll, HR management, and employee benefits. Below, we’ll compare their key features, pricing models, and overall usability to help you make the right choice for your organization.
isolved Vs Paylocity: At A Glance
Features
isolved
Paylocity
Payroll Processing
Real-time payroll calculations, automated tax filing, and compliance tools
Global payroll capabilities, easy tax compliance, and paycheck accuracy
Benefits Administration
Integrated benefits management, Built in ACA and COBRA tools, self-service portals
COBRA benefits, 401(k) integration, and employee self-service
Employee Experience
AI-driven engagement tools, adaptive employee experience, and performance tracking
Peer recognition, and employee engagement features
Analytics And Reporting
Customize HR reports, workforce insights, and predictive analytics
AI-powered analytics, quantify utilization, and workforce trends
Time And Attendance
PTO and overtime management, geofencing and multiple clocking options
Identify real-time insights, and track employee productivity
What Is isolved?
isolved HCM is a comprehensive human capital management (HCM) solution that connects payroll, HR, benefits, and workforce management into a single, unified platform. Designed for small and mid-sized businesses, it helps streamline operations and enhance employee experiences through automation and AI-driven insights.
Unique Features
Adaptive Payroll And Tax Compliance: Provides real-time payroll calculations, and ensures accurate tax filings so that businesses can automate their payroll workflow while maintaining compliance and saving time
Compensation Dashboard For Total Visibility: Features a comprehensive dashboard that tracks annual merit increases, salaries, bonuses, and other compensation elements, offering HR teams greater transparency and control
AI-Driven Analytics For Strategic Insights: Helps businesses forecast workforce needs, visualize key performance metrics, and conduct predictive analysis to support informed decision-making
isolved Pros And Cons
Pros
Centralized system storing extensive workforce data for easy access and scalability
Cloud-based SaaS model minimizes technology investment and simplifies IT management
Seamlessly integrates time tracking, HR, payroll, and employee benefits
Cons
Initial setup complexity that can lead to delay in implementation
The response time for customer support can be improved
What Is Paylocity?
Paylocity HR & Payroll is a cloud-based HCM platform that streamlines HR, payroll, benefits, and talent management while providing workforce insights through advanced analytics. Its time and labor management tools encourage a more efficient organizational setting.
With multiple industry awards from Forbes, Newsweek, and Fortune, Paylocity has served thousands of organizations across diverse industries with an advanced workforce management.
Unique Features
On-Demand Payment: Allows employees to access earned wages before payday, improving financial flexibility and reducing reliance on payday loans
AI-Powered Workforce Analytics: Provides predictive insights, compliance tracking, and workforce trends to help businesses make data-driven decisions
Employee Engagement Hub: Offers peer recognition, and interactive communication tools to foster a more connected workplace
Paylocity Pros And Cons
Pros
Global payroll solution in 100+ countries
Community hub for engagement
Customizable reporting tools for payroll, attendance and labor cost analysis
Cons
No built-in interview scheduling
The mobile app has limited functionality
isolved Vs Paylocity – Key Features Comparison
Payroll Processing
isolved offers real-time payroll calculations, and compliance tracking, ensuring payroll accuracy while reducing administrative burden for small to mid-sized businesses. Its built-in tax compliance automation helps organizations stay aligned with regulations, minimizing errors and ensuring timely filings.
Paylocity, on the other hand, provides global payroll capabilities, allowing businesses to manage payroll across multiple countries with localized tax compliance features. It’s ‘On Demand Payment’ feature lets employees access earned wages before payday, enhancing financial flexibility and reducing reliance on traditional pay cycles.
Winner:Paylocity wins due to its global payroll capabilities and flexible payment options, making it ideal for the businesses with international workforce.
Benefits Administration
isolved simplifies benefits management with Affordable Care Act (ACA) and Consolidated Omnibus Budget Reconciliation Act (COBRA) compliance tools, ensuring businesses meet regulatory requirements. Its self-service portals allow employees to research, select, and enroll in benefits without relying on HR teams. Additionally, isolved Benefits Administration integrates health savings accounts (HSAs), flexible spending accounts (FSAs), and premium-only plans (POPs) to help businesses offer tax management benefits while optimizing costs.
Paylocity, on the other hand, prioritizes financial wellness and employee autonomy in benefits selection, offering COBRA benefits, 401(k) integration, and self-service portals that empower employees to manage their benefits independently. It’s guided enrollment experience, powered by Benefits Decision Support, helps employees choose the best plans based on their needs, reducing confusion and increasing engagement. Paylocity also supports FSAs, and HSAs, allowing employees to manage contributions and submit claims seamlessly.
Winner: It’s a tie, as both platforms provide robust benefits administration with unique strengths.
Employee Experience
isolved enhances employee engagement through AI-driven employee collaboration tools, including learning management, performance tracking, and sentiment analysis, helping businesses foster a more adaptive and data-driven workplace. Its Talent Management suite enables employees to collaborate, share ideas, and seek feedback, improving productivity and innovation.
Paylocity, on the other hand, prioritizes peer recognition, and employee engagement features, fostering collaborative work environments. Its interactive feedback loops encourage two-way communication between employees and leadership, ensuring organizations can identify workplace challenges and implement improvements proactively.
Winner:isolved takes the lead with AI-driven engagement tools and performance tracking capabilities, making it a stronger choice for businesses focused on employee development and workforce analytics.
Analytics And Reporting
isolved provides intelligent reporting, and workforce insights, enabling businesses to track employee performance trends, workforce productivity, and retention risks. Its predictive people analytics tool leverages AI-driven insights to help HR teams forecast hiring needs, identify attrition risks, and optimize succession planning. Additionally, isolved offers benchmarking capabilities, allowing businesses to compare their workforce metrics against industry standards to make data-backed decisions.
Paylocity, on the other hand, delivers AI-powered analytics, compliance tracking, and workforce trend insights. Its Modern Workforce Index (MWI) provides predictive workforce analytics, allowing businesses to track labor costs, identify turnover risks, and optimize staffing decisions. Additionally, it’s HR compliance dashboard ensure businesses stay ahead of regulatory requirements.
Winner: It’s a tie as both solutions offer comprehensive HR analytics, data-driven workforce insights and decision-making support to optimize HR strategies.
Time And Attendance
isolved offers Paid Time Off (PTO) and overtime management, and multiple clocking options, allowing businesses to track employee hours with customized attendance settings and flexible work arrangements. Its geofencing feature ensures employees clock in only from designated work locations, reducing time fraud and improving compliance.
Paylocity, on the other hand, focuses on real-time productivity tracking, workforce monitoring, and shift planning, making employee scheduling more dynamic and responsive. Furthermore, its quick view dashboard provides at-a-glance insights into attendance status, overtime hours, and pending time-off requests, ensuring managers have real-time visibility into workforce trends.
Winner: It’s a tie as isolved excels in attendance flexibility, while Paylocity stands out for real-time workforce analytics insights, making both platforms strong contenders based on business needs.
isolved Vs Paylocity – Choosing The Best Fit
Both isolved and Paylocity offer powerful HR and payroll solutions, but their strengths vary based on business needs. isolved excels in employee engagement and learning management, making it ideal for businesses focused on workforce development.
Paylocity stands out with global payroll capabilities, and AI-powered analytics, making it a great choice for companies with international operations.
Ultimately, the best choice depends on your specific requirements, workflows, and long-term goals.
