Paylocity : FY 2023 CSR Report – Marketscreener.com

Paylocity : FY 2023 CSR Report - Marketscreener.com








Paylocity FY 2023

Corporate Social Responsibility Report

1 | paylocity.com | 877.727.8636 | Copyright © 2022 Paylocity | All Rights Reserved

Letter from our Co-CEOs

Paylocity is committed to advancing our efforts around social and environmental responsibility, and corporate governance. We’re proud of the progress we’ve made, and we continue to invest in programs across the business to move ourselves and our community forward in the critical areas of diversity, equity, inclusion, and accessibility (DEIA), as well as environmental sustainability and awareness.

Paylocity’s employee resource groups (ERGs) and Diversity Leadership Council (DLC) work in concert to promote a more diverse, inclusive, equitable, and accessible organization. These groups drive internal education, awareness, and advocacy to help our employees make an impact at work, at home, and in their communities. The ERGs and DLC work closely with our employees and leaders to ensure we move Forward Together on our DEIA journey.

PCTY Gives, our community impact initiative, allows Paylocity employees to make a difference in the communities where they work and live. We encourage employees to give back in their communities in ways that are most meaningful to them through our Volunteers In Action program, and then support that effort by providing employees 16 hours of paid volunteer time.

Employees can also participate in our Elevate Your Passion Grant program, in which employees nominate a nonprofit they personally value to receive a direct grant from Paylocity. With Paylocity’s support, programs like these and many more give our employees the opportunity to personally impact organizations that help create a more equitable and sustainable world.

Our executive team is also focused on responsible corporate governance, with oversight by our board of directors, to provide full transparency and adhere to the highest ethical values.

While we’re proud of the steps we’ve taken to date, we realize the journey to being a leader in corporate social responsibility requires long-term commitment and investment at the highest levels of our organization. We invite you to review our corporate social responsibility report to learn more about our continuous pledge and efforts on these very important initiatives.

Steve Beauchamp & Toby Williams, Co-CEOs, Paylocity

2 | paylocity.com | 877.727.8636 | Copyright © 2022 Paylocity | All Rights Reserved

Our Business

We’re a leading provider of cloud-based HCM and payroll software solutions

33,000+

100+ Employees

Clients

Average client size

5,000+ Schaumburg, IL

EmployeesHeadquarters

Founded in

Initial Public Offering

1997

March 2014

34%

YoY growth

13%

$853

YoY growth

20%

YoY growth

$637

26%

$561

YoY growth

$468

FY19

FY20

FY21

FY22

Total Revenue

(FYE June 30, $mm)

3 | paylocity.com | 877.727.8636 | Copyright © 2022 Paylocity | All Rights Reserved

Investing in Our People

As a people-first company, we invest in our employees to help boost their overall physical, mental, and financial well-being. It’s a big part of our “Forward Together” brand promise and goes way back to when Paylocity was a new startup in a basement office, where a small team set out to change the industry. Ever since those humble beginnings, we’ve strived to provide a great product and amazing service experience, but what’s really separated us from the start is our people.

As part of our commitment to our employees, we continually invest in holistic health and wellness programs, professional development/ training, tuition assistance/reimbursement, competitive financial/stock benefits, and much more.

4 | paylocity.com | 877.727.8636 | Copyright © 2022 Paylocity | All Rights Reserved

Supporting the Whole Person

We take a holistic approach to our employees’ well-being:

Physical

Nutrition and physical activity are important to us. We provide free healthy snacks, in-house workout facilities, yoga classes, ergonomic workspaces, and sit-stand desks at all of our offices. We also help our people get moving outside of work through free health programs and wellness reimbursements.

Mental

We always want to uplift our employees, especially when it comes to their mental well-being. Along with our stigma- free partnership with the National Alliance on Mental Illness (NAMI), we now partner with Knox Behavioral Health,

and launched the Mental Health Champions employee resource group, all to keep the mental health and wellness conversation open for our people.

Work Anywhere

We believe that in the modern workplace, it’s essential to enable our employees to work in the environment that best suits their needs. Since the early days of the COVID-19 pandemic, we’ve embraced flexible working arrangements. Today, more than 90% of our employees have the option to work remotely.

Financial

To support our employees’ near- and long-term financial wellness, we offer a competitive 401(k) plan with employer match, employee stock purchase plan/expanded RSU program, financial planning resources, on demand pay, scholarship opportunities, refinancing partnerships with top institutions, and tuition reimbursement.

5 | paylocity.com | 877.727.8636 | Copyright © 2022 Paylocity | All Rights Reserved

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Disclaimer

Paylocity Holding Corp. published this content on 22 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 August 2022 13:15:02 UTC.

Publicnow 2022

All news about PAYLOCITY HOLDING CORPORATION

Analyst Recommendations on PAYLOCITY HOLDING CORPORATION

Sales 2023 1 088 M

Net income 2023 109 M

Net cash 2023 328 M

P/E ratio 2023 123x
Yield 2023
Capitalization 14 269 M
14 269 M
EV / Sales 2023 12,8x
EV / Sales 2024 10,4x
Nbr of Employees 5 300
Free-Float 73,2%

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Technical analysis trends PAYLOCITY HOLDING CORPORATION

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Income Statement Evolution

Sell

Buy

Mean consensus BUY
Number of Analysts 17
Last Close Price 258,14 $
Average target price 272,94 $
Spread / Average Target 5,73%




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