Gusto comes with features that are designed to automate the tasks in HR-related functions like employee payroll, benefits, and financial investments. Currently, more than 100,000 businesses use this platform to take care of their operations.
Payroll
Payroll can turn into a nightmare if you are not on top of it. When running a business, you often think of vendors and customers, but it is vital that you do not forget your all-important employees. With this platform, payroll is simple and easy. In essence, it helps you automatically file your payroll taxes, employees can quickly access their money between paydays, and both of you can track time better.
The benefits are also laid out right beside time trackers. The pricing structure is clear, so you know what you are signing up for. In fact, all the information on your account is laid out in a visual dashboard for your convenience. Payroll is also integrated with health insurance, 401(k), workers’ comp, time off requests and policies, Gusto® cashout, and more.
Another essential item on every business owner’s mind is compliance, such as getting signatures on all the forms and ensuring that the important ones are complete and accurate. Gusto keeps up to date on all tax laws and performs the calculations for you, and it stores employee I-9s, W-2s, and contractor 1099s online.
Payroll is made more accessible with an additional feature that allows employees to set up their accounts online, which they can access any time they need and from anywhere.
Benefits
Gusto enables all employees to track their health benefits, and it is easy to set up and start using. If you are with another platform, you can switch easily to this without interruption to your coverage. Your employees receive free medical, dental, and vision administration, and you can choose from more than 3,500 health insurance plans. Expert licensed advisors will help find the right coverage for your team within your budget.
Apart from health, you can also offer financial planning benefits to your team. Your employees have multiple options to save, spend, and borrow. 401(k) retirement options, 529 savings, life and disability, commuter benefits, workers compensation, health savings, and flexible spending account are only some of the options available. Gusto® cashout is another free solution for employees to cover any unexpected expenses they encounter.
Keeping up with government mandates and regulations might be overwhelming for a business owner. Gusto helps you stay on top of these compliance requirements. The solution is HIPAA, ERISA, and ACA compliance. New hire reporting and federal forms are automatically distributed and stored after completion.
Team Management
Hiring new employees and onboarding them are tasks you can automate with this product. You can send offer letters customized to your business. The new hires can sign forms and contracts, and enroll in payroll and benefits online. The documents are secure with a 256-bit SSL encryption. Moreover, once they are on the team and working, you can use the platform to get feedback and recommendations to build a better workplace. With its modern approach to HR that goes beyond spreadsheets and tables, Gusto keeps all of your employee information updated and synched.
Other features that are useful in team management are:
- Simple time tracking
- Managing time-off requests
- Visual org chart
- Templates for employee handbooks
- Employee surveys
- On-demand HR advice
- Compliance and security
- Workers comp insurance
Time Tools
Tracking employee hours is the most important step that starts their payroll. You need an accurate system that will work well with your HR platform. With Gusto, your employee’s hours, time off, and holidays are automatically calculated into payroll.
You can manage both hourly and non-exempt salaried employees on this platform. They enter the time, and the manager can approve the time with a single click. If you need a slightly advanced time tracking solution, you can simply choose from various integrations on the platform and use it to calculate pay.
Gusto allows you to customize your ‘paid time-off’ policies to fit your team’s needs and your budget. After you have employee times and hours, you can run reports at the team, department, individual employee level, or even based on location. The PTO liabilities are automatically calculated, meaning your accounting department does not have to worry about them.
Your employees are definitely going to want to use their paid time off wisely. This solution helps them track their accrued time and can find out their PTO balance with a single click. You can also build your calendar, selecting from federal holidays and by creating custom holidays which can be integrated into payroll as default paid time-off. There are also reminders available for critical dates and tasks in combination with Google or Outlook.
HR Experts
Navigating the nuances in HR is tedious as is, and if you have a business to run, you may want to concentrate on it and leave HR to the experts. With the Concierge plan, you can get personal support from certified HR experts. When used in combination with easy-to-use HR and payroll tools, your business gets a facelift in the HR department.
So, what do Gusto HR plans do for you?
- Compliance with HR laws and regulations
- Personal advice from HR experts
- A dedicated team which understands your business
Government regulations are always changing. You do not want to make a mistake in compliance and face lawsuits or fines. Gusto steps in to help out with unlimited expert advice from SHRM and HRCI certified experts.
Some of the other tasks that you can get help with are:
- Hiring and onboarding best practices
- Performance evaluations and appraisals
- Job descriptions and custom offer letters
- Termination criteria
- Labor law policies and government regulation updates
- Employee handbook template
- Sensitivity and harassment prevention training
Gusto® Cashout
We all plan for our finances ahead of time, but sometimes there are expenses that we do not foresee. The cashout is a free financial benefit for your employees to cover unexpected expenses between paydays. It is based on the estimated earnings of an employee and is automatically repaid from their paycheck, with no fees or interest.
The cashout is free for the employees and the business owner. Further, there are smart limits to protect your employees from overdrawing. Last but not least, the cashout does not affect your books or your payroll. Accessing the cashout is as simple as 1-2-3 for an employee. They simply have to enter an amount and confirm the cashout, to get the cash in their bank the next business day. This feature provides peace of mind to both the business owner and employee.
