Zenefits

Zenefits

HR and payroll software for SMBs

About

Zenefits provides HR and payroll software solutions tailored for small and mid-sized businesses. Its platform includes features for hiring, onboarding, employee management, payroll processing, benefits administration, and time scheduling, all designed to be user-friendly and mobile-accessible. Zenefits differentiates itself by focusing specifically on the needs of smaller companies, which often lack the resources to manage complex HR tasks. The company serves over 11,000 clients, empowering around 400,000 employees, and integrates with 50 technology partners to enhance user experience. Zenefits operates on a subscription-based model, offering an all-in-one HR platform that simplifies administrative tasks and adapts to changing business needs, such as those arising from the COVID-19 pandemic.

Company Stage

Acquired

Employees

201-500

Industries

Consulting, Enterprise Software

Total Funding

$567.7M

Headquarters

N/A

Founded

2013


Simplify Jobs

Simplify's Take

What believers are saying

  • Zenefits' acquisition by TriNet could provide additional resources and stability, enhancing its service offerings and market reach.
  • The company's commitment to innovation, as seen with the launch of their API and redesigned HR software, positions it well for future growth.
  • Expanding offices and hiring plans in Scottsdale indicate strong growth and job opportunities within the company.

What critics are saying

  • The departure of co-founder Parker Conrad amid scandal could have lingering reputational impacts.
  • Integration challenges with TriNet could disrupt service continuity and affect client satisfaction.

What makes Zenefits unique

  • Zenefits focuses exclusively on small and mid-sized businesses, unlike many competitors who target larger enterprises.
  • The platform's mobile-friendly design and user-friendly interface make it particularly accessible for small business owners and employees on the go.
  • Zenefits' integration with 50 technology partners ensures a seamless and comprehensive HR experience, setting it apart from less integrated solutions.

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Growth & Insights
Headcount

6 month growth

-12%

1 year growth

-22%

2 year growth

-31%

Benefits

Healthcare

Wellness benegits

Catered lunches & snacks

PTO

Volunteer time off

Parental leave

Commuter benefits

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