Connect with us

Hi, what are you looking for?

The American GeniusThe American Genius

Business Entrepreneur

Zenefits: benefits startup takes the pain out of the process

Selecting, securing, and managing benefits for employees can be a daunting, confusing, outdated process, but a young startup seeks to change all of that, by streamlining and modernizing.

zenefits

zenefits

Benefits in the modern world

From the perspective of an employee, one of the key perks of working a full-time job is receiving a great benefits package. Medical, dental and other day-to-day costs can accumulate quickly, and it’s helpful to have your employer help shoulder some or all of those financial obligations.

But from the corporate perspective, getting your company outfitted with a benefits provider can be a tedious process – you’re essentially seeking multiple forms of insurance for your entire employee roster, and investing tons of hours to do so.

Zenefits works to streamline this process by rounding up all of the normal benefits offerings and rolling them into one platform. Businesses can create a profile, select what kinds of coverage they need for their staff, and get quotes; once a decision has been reached, the company can launch these offerings for all of their employees.

There’s no need to sign any forms and send them in via fax or email. Everything is handled digitally, cutting down on the tedious task of filling out multiple forms per employee, and sending them in to a benefits provider.

Advertisement. Scroll to continue reading.

Current benefits offered through Zenefits

Zenefits currently offers medical, dental, vision and 401K assistance, with plans to include cell phone and transportation benefits coverage in the near future. The ease of use factor extends even further to companies that currently use Intuit or ADP for their payroll, because this system can integrate with these payroll systems.

Instead of requiring employees to sign into different systems to access their paycheck history, vacation accruals and other benefits information, the systems are integrated, allowing users to input one set of credentials that will bring them to a central hub for their income and benefits.

Zenefits is targeting SMBs, hoping to alleviate the aches and pains that small business owners experience when attempting to launch standard benefits packages for their staff. The offering is meant to cut down on time spent on this undertaking, so that companies can focus more on running the business while still allowing employees to easily access the information they need.

Advertisement. Scroll to continue reading.

Destiny Bennett is a journalist who has earned double communications' degrees in Journalism and Public Relations, as well as a certification in Business from The University of Texas at Austin. She has written stories for AustinWoman Magazine as well as various University of Texas publications and enjoys the art of telling a story. Her interests include finance, technology, social media...and watching HGTV religiously.

1 Comment

1 Comment

  1. Pingback: Easy lessons from Zenefits' dumpster fire of layoffs - The American Genius

Leave a Reply

Your email address will not be published.

AdBlocker Message

Our website is kept FREE to you by displaying online ads to our visitors. Please consider supporting us by disabling your ad blocker OR subscribing to our email newsletter: https://theamericangenius.com/get-american-genius-newsletter/

The
American Genius
news neatly in your inbox

Subscribe to our mailing list for news sent straight to your email inbox.

Advertisement

KEEP READING!

Business Finance

(FINANCE) Many choose to freelance in order to escape the daily grind of working for an hourly wage. Why, then, should a freelancer charge...

Business Finance

(FINANCE) Freelancers who are not always promised a regular paycheck could benefit from staying on top of their finances. Here's our tips!

Business Finance

(FINANCE) Especially when just starting out, setting your freelance rate can be a complicated process. Here's 5 tips to help!

Business Finance

(BUSINESS FINANCE) Accelerators can help change startups from unknowns to leaders in the industry, but does your startup need one? And if so, which...

The American Genius is a strong news voice in the entrepreneur and tech world, offering meaningful, concise insight into emerging technologies, the digital economy, best practices, and a shifting business culture. We refuse to publish fluff, and our readers rely on us for inspiring action. Copyright © 2005-2022, The American Genius, LLC.