Paylocity Corporation
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Paylocity Corporation
Paylocity is an American company which provides cloud-based payroll and human capital management software. It has been based in Illinois since its founding in 1997. History The company was founded as Ameripay Payroll Ltd. by Steve Sarowitz in 1997. It was renamed Paylocity in December 2005. It relocated from Franklin Park, Illinois to Elk Grove Village, and later to Arlington Heights. The company has leased 309,000 square feet of office space in the former headquarters of Zurich Insurance North America in Schaumburg, Illinois. The move will be complete in 2019. It was one of the 5,000 fastest growing private companies according to ''Inc.'' Magazine in 2003, 2004, and from 2007 to 2014. The company was also included in the Deloitte Fast 500 as one of the fastest growing technology companies in 2013, 2014, and 2015. Paylocity held an initial public offering (IPO) in March 2014, raising about $120 million. The company was listed in Glassdoor Glassdoor is an American websi ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Chief Accounting Officer
The chief financial officer (CFO) is an officer of a company or organization that is assigned the primary responsibility for managing the company's finances, including financial planning, management of financial risks, record-keeping, and financial reporting. In some sectors, the CFO is also responsible for analysis of data. Some CFOs have the title CFOO for chief financial and operating officer. In the majority of countries, finance directors (FD) typically report into the CFO and FD is the level before reaching CFO. The CFO typically reports to the chief executive officer (CEO) and the board of directors and may additionally have a seat on the board. The CFO supervises the finance unit and is the chief financial spokesperson for the organization. The CFO directly assists the chief operating officer (COO) on all business matters relating to budget management, cost–benefit analysis, forecasting needs, and securing of new funding. Qualification Most CFOs of large companies hav ...
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Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied by the ...
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Deloitte
Deloitte Touche Tohmatsu Limited (), commonly referred to as Deloitte, is an international professional services network headquartered in London, England. Deloitte is the largest professional services network by revenue and number of professionals in the world and is considered one of the Big Four accounting firms along with EY (Ernst & Young), KPMG and PricewaterhouseCoopers (PWC). The firm was founded by William Welch Deloitte in London in 1845 and expanded into the United States in 1890. It merged with Haskins & Sells to form Deloitte Haskins & Sells in 1972 and with Touche Ross in the US to form Deloitte & Touche in 1989. In 1993, the international firm was renamed Deloitte Touche Tohmatsu, later abbreviated to Deloitte. In 2002, Arthur Andersen's practice in the UK as well as several of that firm's practices in Europe and North and South America agreed to merge with Deloitte. Subsequent acquisitions have included Monitor Group, a large strategy consulting business, in Janu ...
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Deloitte Fast 500
The Deloitte Technology Fast 500 Awards are run and moderated by international professional services group Deloitte Touche Tohmatsu Limited. They recognize the 500 fastest-growing technology companies in regions around the world. Winners include both public and private companies. The awards were created in 1997 during the dotcom boom to illustrate the success of growing U.S. technology companies. Today, the Fast 500 has expanded beyond the United States and covers North America; Asia Pacific; and Europe, the Middle East and Africa (EMEA). The Fast 500 examines companies on their relative growth in revenue In accounting, revenue is the total amount of income generated by the sale of goods and services related to the primary operations of the business. Commercial revenue may also be referred to as sales or as turnover. Some companies receive reven ... over a three-year period. A company that grew by $1million from a revenue of $2million will rank below a company that grew by ...
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Arlington Heights, Illinois
Arlington Heights is a municipality in Cook County with a small portion in Lake County in the U.S. state of Illinois. A suburb of Chicago, it lies about northwest of the city's downtown. Per the 2020 Census, the population was 77,676. Per the 2010 Census, it is the most populous community in the United States that is incorporated as a "village", and is the 13th most populous municipality in Illinois, although it is not far ahead of its nearby Illinois neighboring villages of Schaumburg and adjacent Palatine. Arlington Heights is known for the former Arlington Park Race Track, home of the Arlington Million, a Breeders' Cup qualifying event; it also hosted the Breeders' Cup World Thoroughbred Championships in 2002. The village is also home to the Arlington Heights Memorial Library, which has one of the largest collections of books in the state. History Arlington Heights lies mostly in the western part of Wheeling Township, with territory in adjacent Elk Grove and Palatine ...
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Elk Grove Village, Illinois
Elk Grove Village is a village in Cook and DuPage counties in the U.S. state of Illinois. Per the 2020 census, the population was 32,812. Located northwest of Chicago along the Golden Corridor, the Village of Elk Grove Village was incorporated on July 17, 1956. It is directly adjacent to O'Hare International Airport and is economically important to the Chicago metropolitan area due to its large industrial park, located on the eastern border of the village. The community is served by several Interstate highways including I-90, I-290/I-355/ Route 53, and IL-390. Elk Grove is also expected to be served by the I-490 Western O'Hare Bypass upon completion of the project. History The land that is now the Village of Elk Grove was controlled by the Miami Confederacy (which contained the Illini and Kickapoo tribes) starting in the early 1680s. The Confederacy was driven from the area by the Iroquois and Fox in the early 1700s. The French-allied Potawatomi began to raid and take p ...
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Franklin Park, Illinois
Franklin Park is a village in Cook County, Illinois, United States. The population was 18,467 at the 2020 census, up from 18,333 at the 2010 census. It was named for real estate broker Lesser Franklin who bought acres of the area when it was a majority of farming fields. Geography According to the 2021 census gazetteer files, Franklin Park has a total area of , all land. Demographics As of the 2020 census there were 18,467 people, 5,747 households, and 4,165 families residing in the village. The population density was . There were 6,604 housing units at an average density of . The racial makeup of the village was 48.15% White, 1.68% African American, 2.04% Native American, 3.95% Asian, 0.03% Pacific Islander, 26.00% from other races, and 18.15% from two or more races. Hispanic or Latino of any race were 52.16% of the population. There were 5,747 households, out of which 58.15% had children under the age of 18 living with them, 47.82% were married couples living together, 19.89% ...
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Illinois Secretary Of State
The Secretary of State of Illinois is one of the six elected executive state offices of the government of Illinois, and one of the 47 secretaries of states in the United States. The Illinois Secretary of State keeps the state records, laws, library, and archives, and is the state's corporation registration, vehicle registration and driver licensing authority. The current Secretary of State is Jesse White, a Democrat who took office in 1999. Duties The Secretary of State is the keeper of the official records, laws, and Great Seal of Illinois. These duties have remained unchanged since Illinois became a U.S. state in 1818. In addition, the Secretary is the custodian of the Illinois State Capitol. The office is also responsible for administering the laws and procedures concerning the registration of corporations, lobbyists, and notaries public. The Secretary of State performs other duties prescribed by law. The Secretary oversees the state archive and the state library. Th ...
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Bloomberg Business
''Bloomberg Businessweek'', previously known as ''BusinessWeek'', is an American weekly business magazine published fifty times a year. Since 2009, the magazine is owned by New York City-based Bloomberg L.P. The magazine debuted in New York City in September 1929. Bloomberg Businessweek business magazines are located in the Bloomberg Tower, 731 Lexington Avenue, Manhattan in New York City and market magazines are located in the Citigroup Center, 153 East 53rd Street between Lexington and Third Avenue, Manhattan in New York City. History ''Businessweek'' was first published based in New York City in September 1929, weeks before the stock market crash of 1929. The magazine provided information and opinions on what was happening in the business world at the time. Early sections of the magazine included marketing, labor, finance, management and Washington Outlook, which made ''Businessweek'' one of the first publications to cover national political issues that directly impacted the b ...
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Human Capital Management
Humans (''Homo sapiens'') are the most abundant and widespread species of primate, characterized by bipedalism and exceptional cognitive skills due to a large and complex brain. This has enabled the development of advanced tools, culture, and language. Humans are highly social and tend to live in complex social structures composed of many cooperating and competing groups, from families and kinship networks to political states. Social interactions between humans have established a wide variety of values, social norms, and rituals, which bolster human society. Its intelligence and its desire to understand and influence the environment and to explain and manipulate phenomena have motivated humanity's development of science, philosophy, mythology, religion, and other fields of study. Although some scientists equate the term ''humans'' with all members of the genus ''Homo'', in common usage, it generally refers to ''Homo sapiens'', the only extant member. Anatomically modern hum ...
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Payroll
A payroll is the list of employees of some company that is entitled to receive payments as well as other work benefits and the amounts that each should receive. Along with the amounts that each employee should receive for time worked or tasks performed, payroll can also refer to a company's records of payments that were previously made to employees, including salaries and wages, bonuses, and withheld taxes, or the company's department that deals with compensation. A company may handle all aspects of the payroll process in-house or can outsource aspects to a payroll processing company. Payroll in the U.S. is subject to federal, state and local regulations including employee exemptions, record keeping, and tax requirements. Frequency Companies typically process payroll at regular intervals. This interval varies from company to company and may differ within the company for different types of employee. According to research conducted in February 2022 by the U.S. Department of ...
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