What is Zenefits used for?

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.

What is the difference between HRO and PEO?

An HRO allows companies to maintain control over their systems and access the administrative benefits from HR outsourcing. On the other hand, PEOs require access to employee information to automate various processes such as payroll.

What is Zenefits worth?

Zenefits, Once Worth $4.5 Billion, Does Deal With Private-Equity Firm That Gives It Control. Zenefits, once worth $4.5 billion, has completed a financing deal with private-equity firm Francisco Partners that gives the investment firm control of the company, Forbes has learned.

What are the benefits of a PEO?

Benefits of a PEO for small businesses and startups

• Offer better employee benefits and a smoother HR experience.
• Save money.
• Maintain payroll compliance.
• Save time.
• Make sure they offer all the services you need.
• Look at their pricing structure.
• Watch out for any requirements on your end.
• Make sure they’re easy to use.

What is a PEO benefit?

The quick definition: A professional employer organization (PEO) enables small to mid-sized businesses to provide their employees with access to better, more affordable benefits and streamline a lot of administrative HR functions—like payroll, benefits, compliance, and workers’ compensation.

What is the difference between PEO and CPEO?

What separates a CPEO from a non-certified PEO is that a CPEO provides clients with financial peace of mind by minimizing financial liability. When dealing with a non-certified PEO, the IRS views that both the PEO and the client are jointly liable for the payment of payroll taxes.