- Stock options
The first thing that we really liked about Zenefits was the price and transparency. On the website, we were able to find all of the features in the product in an easily downloaded PDF. We also noticed that there were many screenshots that captured the platform in action.
Here is a list of the powerful core features of Zenefits:
- Employee Database & Directory
- Interactive Org Chart
- Onboarding Management
- Workflow & Manager Approval
- Benefits Management
- Custom Reporting
- Custom User Roles
- Custom Fields
- Employee Self-Service and Manager Self-Service
- Alerts & Notifications
- Document Management
The first feature that we noticed, the document management potential, streamlines your paperwork process. This is a core feature for new hiring onboarding. We found that a manager could provide offer letters and agreements. It is also possible to upload a PDF of your employee handbook, as well as provide non-exempt employee notices. We also found easy management for all your core paperwork, including W4s, I9s, and other documents that are important for the verification process.
We found that Zenefits also creates a powerful and dynamic social directory for all of your employees. You can see all tiers within your company, pictures, and critical information for each employee.
Another feature of Zenefits is that you can make the time clock process easy. Whereas Kronos requires a time clock and badges, Zenefits lets your employees turn their mobile device or computer into their punch card. Employees clock in simply by snapping a picture. Employees also have the power to update their timesheet if the time clock solution is not a necessity for their business.
There are also powerful admin features within Zenefits. You can empower different managers and players within your company to hire and terminate employees. You can also delegate benefits management to certain HR managers with your company. Finally, you can create custom approval flows to scale how your company does business.
Zenefits doesn't take care of your payroll processing; it simply does the administrative work. We found that Zenefits integrates with most of the payroll platforms out there, including Paychex, Zen Payroll, and Intuit QuickBooks.
One of the other added benefits of Zenefits is that the company has major partnerships with benefit providers, helping you find benefits solutions for your small business. These companies include MetLife, Delta Dental, and other major providers. These companies pay Zenefits, shouldering your cost of free software.
So, in short, here are the things that Zenefits will help your small business best with:
- Payroll administration.
- Document management, including I9s and other documents.
- Selecting a benefits provider.
- Stock options management.
We found that Zenefits offered a stock options management for your company, a one-of-a-kind in the HR industry. You can send employees stock offers with Zenefits. If your employee chooses to forfeit their options, Zenefits even takes care of the ACH transfer!