What is the story about?
What's Happening?
Paylocity, a provider of cloud-based HR, Finance, and IT solutions, has announced a new five-year partnership with the New York Islanders and UBS Arena. This agreement designates Paylocity as the Official Human Capital Management (HCM) Partner of the Islanders, aiming to streamline the team's back-office operations. The partnership will also see Paylocity's charitable arm, Paylocity Gives, become the Presenting Partner of the Islanders' Recycle the Game program. This initiative, in collaboration with the NHL, focuses on collecting and redistributing gently used hockey equipment to young players in need, promoting accessibility to the sport.
Why It's Important?
This partnership is significant as it highlights the growing trend of sports teams leveraging technology to enhance operational efficiency and community engagement. By integrating Paylocity's HR and payroll solutions, the Islanders can focus more on strategic priorities, potentially improving team performance and community relations. The Recycle the Game program underscores a commitment to social responsibility, aiming to make hockey more accessible to youth, which could foster the next generation of athletes. This collaboration reflects a broader movement within the sports industry to align business operations with community impact.
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