Gusto, earlier known as ZenPayroll and an online provider of various HR services, has recently launched the latest HR features related to employee savings, employee records, and onboarding—strengthening its already available benefits and payroll functions. At present, the company is serving 40,000 small businesses.
In a statement, Josh Reeves, the company’s CEO, said, “We know HR people wear many hats, and until today, they’ve had to log in to multiple systems to manage compliance rules, process paperwork, and access employee information. Gusto gives them one home for HR, payroll and benefits so they can spend more time welcoming new teammates and empowering them.”
While talking about competition from other companies, Reeves told, “We’re also excited to have our valuation double from the last round, compared with other companies that have had their valuations cut in half.”