Zenefits is a Software as a Service (SaaS) company that offers a cloud-based human resource information management (HCIM) platform to businesses for managing multiple HR services such as benefits, payroll, compliance, paid time off, health insurance, and more. Since its founding in 2013, more than 12,000 businesses have signed up for Zenefits cloud-based HR software, making it among the fastest-growing SaaS companies to date. Learn more about the services and features the Zenefits software offers and consider if it is a good choice for your organization in this brief article.
What Does Zenefits Do?
Unfortunately, a lot of businesses cannot afford a dedicated HR team. So the burden of hiring, benefits, and compliance paperwork typically falls to managers or a single employee. This often requires copious amounts of time dedicated to filling out and filing forms, or, in the event of a termination, removing them from multiple sources. Zenefits is an automated HR system that requires this necessary information to be entered (or removed) only once, dramatically reducing the workload.
When new employees are hired, HR professionals using Zenefits only need to complete a few online fields to begin the onboarding process. Employees sign all agreements online, and Zenefits automatically processes their information. When employees leave, HR can remove them from payroll and benefits with a few clicks. Best of all, Zenefits offers an employee self-service portal, which can integrate with their benefits, payroll, health insurance, retirement plans and more. This allows employees to manage all of their HR-related needs from single place, rather than across multiple systems.
Moreover, with a seamless user-interface (available for desktop and mobile), and top-quality software, Zenefits is among the easiest of HR software packages available to both navigate and learn. Zenefits even has a development team that makes weekly changes based on user feedback, as well as a team of in-house HR, payroll, and insurance specialists to answer questions via phone or email. In addition to delivering the most complete, all-mobile HR experience, Zenefits offers best-in-class insurance, payroll and benefits packages from third-party providers that integrate with the Zenefits platform. (Zenefits then makes money on commissions by selling these policies or services to its users.)
Who is Zenefits For?
Zenefits is a well-rounded service for small to midsize businesses seeking the power and flexibility of a comprehensive platform for everything from payroll management to benefits administration. This can be a great option for businesses seeking to manage all of their HR needs in one place, including payroll, benefits, taxes, stock options, insurance, compliance, tracking attendance and vacations. It is also an excellent choice for businesses seeking to replace outdated legacy systems, HR data silos, or paperwork, with a single-package that is both easy to use and secure.
The system is also completely automated, eliminating any potential need for paperwork, filing or faxing, allowing business owners or internal HR teams to manage all their HR needs in one place. It also helps with on-boarding new employees, benefits administration, and tracking attendance. It is useful for employees too: providing an online dashboard to access pay stubs, review and enroll in health insurance, request vacation, and review their benefits. This can allow both HR teams and employees to save significant time and money, while enjoying the experience of managing HR-related tasks.
Zenefits offers the following features (among others):
- Hiring and Onboarding
- Employee Directory
- HR Record Management
- Company Org Chart
- Customize Employee Onboarding
- HR, Benefits and Payroll Reports
- Data Visualization
- Custom Reporting
- Time Off Tracking
- Compliance Assistance
In addition to its base features, Zenefits also offers a human resources (HR) app directory, as well as partner integrations (allowing it to integrate with other applications your business is currently using). Zenefits is currently partnered with Google Hangouts, Microsoft Teams, Slack, Asana, and Zapier (among others) allowing all of these systems to share information and work seamlessly with the software.
Contact Business Benefits Group to Learn More
For more information on the Zenefits software package or to learn how it can impact your business, contact BBG today. Our benefits consulting and technology service experts are fully trained with the Zenefits software, and can assist you in integrating it into your current HR system. Call us directly at 1 (844) 201-3609 or request a consultation using our request consultation form. We are eager to help you and your employees take advantage of this unique and exciting software tool!