Business
Paylocity Adds Peer-to-Peer Rewards to Strengthen Team Bonds and Share Everyday Moments of Gratitude
Innovative capability positions peer appreciation as a business-critical driver of culture, employee engagement and retention. SAN DIEGO, June 30, 2025 (GLOBE
About this update from Paylocity Holding Corporation
[{"type":"text","content":"Innovative capability positions peer appreciation as a business-critical driver of culture, employee engagement and retention.\nSAN 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.” K...