Paylocity Launches Peer-to-Peer Rewards to Reinvent Recognition at Work
At SHRM 2025, Paylocity (NASDAQ: PCTY), a leader in cloud-based HR, payroll, and spend management software, announced the launch of Peer-to-Peer Rewards, a new feature within its Recognition & Rewards suite. This innovation enables both managers and peers to directly recognize exceptional performance with monetary rewards and digital gift cards, fully integrated into Paylocity’s payroll and tax engine.
“This enhancement was inspired by client demand and real-world workplace behavior,” said Melissa King, SVP of Product and Technology at Paylocity. “It helps organizations strengthen culture, boost engagement, and retain top talent through appreciation that feels authentic and personalized.”
Building a Culture of Everyday Appreciation
While manager-driven recognition remains essential, organizations are increasingly turning to peer-based recognition to drive retention and engagement. Research from Gallup and Workhuman shows employees are 45% less likely to leave when they feel recognized.
Among Paylocity clients:
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82% of rewards are redeemed as cash, reflecting a strong preference for flexible, unrestricted options
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Unlike other providers, Paylocity offers cash rewards natively, not just gift cards—ensuring a simple, compliant, and inclusive reward system
“We’re not just adding bells and whistles—we’re creating a unified experience where recognition becomes a natural part of daily workflows,” added King.
Key Features at a Glance:
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Peer-to-Peer Recognition with Monetary Rewards
Employees can send Reward Dollars to colleagues, turning gratitude into impact. -
Flexible Redemption Options
Cash (via direct deposit) or digital gift cards with no extra fees. -
Integrated Payroll + Tax Compliance
Automated taxation through Paylocity’s payroll system ensures compliance with no added admin burden. -
Admin Control & Visibility
Admins pre-fund company wallets, allocate rewards, track usage, and customize badge programs aligned to company values. -
AI-Assisted, Personalized Messaging
Add photos, videos, GIFs, or use AI Assist to craft meaningful messages of appreciation. -
Seamless Integration Across the Platform
Available via Paylocity’s Recognition workspace, Community, employee Home dashboard, and Mobile App—no separate logins needed.
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