1. C o m p e n s a t i o n M a n a g e m e n t
Made By:
Aayushi Patel: 17131038
Payroll Software: GUSTO(The All-In-One People Platform
for Payroll, Benefits, HR)
Name of Payroll Software: Gusto
2. Pricing of
gusto
All in one
platform/
Task
performed
CONTENTS
Explanation
of its
working
About gusto
How it
started/Its
origin
Why Gusto
Benefits of
gusto
Tools Used
by gusto
Awards and
certificates
3. About Gusto
Gusto (formerly Zen Payroll) is a company that provides a cloud-
based payroll, benefits, and human resource management software
for businesses based in the United States.
Built mainly for small businesses, the platform is also capable of
automating the calculation, payment, and submission of a
company’s payroll taxes at whatever government level.
Gusto is operational in all 50 US states
Paying employees for their hard work, gusto made payroll easy
they calculate and file their payroll taxes and everything syncs
automatically time tracking, new hires, benefits plans, and more.
Type of Business: Private
Founded: November 2011 (7 years ago as zen payroll
Area Served: United states
Key people-Danielle Brown(Head of people)
Joshua reeves(CEO)
Website-gusto.com
4. About Gusto
Gusto is a modern, online people platform that
helps small businesses take care of their teams.
Gusto offers products and services to help you
onboard, pay, insure, and engage your team in
one integrated, easy-to-use platform loved by
over 100,000 modern employers. You'll feel like
a pro no matter how complicated the situation.
To create a workplace where everyone thrives,
work with Gusto.
Gusto makes running payroll easy by
automatically calculating and filing your payroll
taxes, helping keep you compliant, and
providing awesome support.
Gusto makes offering employee benefits a
reality for any small business. Gusto provides
expert guidance for when you're buying health
insurance for the first time, want to integrate
your existing plan with payroll
5. .
How it started/ Its origin
Gusto was part of Y Combinator's
Winter 2012 batch.(The program
teaches founders to market their
product, team and market, refining
their business model, achieving
product/market fit)
The service launched officially on
December 11, 2012 in California
On June 2013, gusto announced
support for paying contract workers,
this was taughted by some technology
writers as giving the company an
advantage over competitors such as
ADP and Paychex
In August 2013, Gusto announced that
it had crossed $100 million in
payments processed annually, and was
launching in Florida, Texas,
and Washington state.
In April 2015, Gusto announced support for all 50
states.
In July 2015, Gusto announced that it had expanded its
business and opened a new office in Denver, Colorado]
In September 2015, it was announced that Zen Payroll
had changed its name to Gusto, and was broadening
its focus to integrate health benefits and workers'
compensation into its payroll software.
6. Automate your payroll
management operations
Eliminate manual
payment processing and
timesheets
Enable paperless and
direct transactions
Prepare year-end forms
and automate
submission of local,
state, and federal taxes
Administer benefits
including healthcare,
401 (k) retirement plans
and 529 college saving
Provide HR
management
capabilities
Deliver all these services
at a moderate and
affordable price
Why Gusto
Easy- 9 out of 10 customers say
gusto is than other payroll
solutions.
Fast- The average time spent to run
payroll with gusto is 7 minutes.
Reliable-4 out of 5 customers
report fewer payroll errors after
switching to gusto.
Gusto gives stellar support and
expert advice when customers
need it, their support team is top-
rated and available via chat, email
or phone.
Gusto personalizes and polishes
employee working experience
while improving their community.
7. Benefits of
Payroll
software
Automated compliance: Synced deduction: Bonus
benefits deductions automatically calculate and sync
to payroll.
It tracks time off the employees and will submit their
request and you as the admin will approve it, while
gusto will automatically track the balances for you an
make sure the change affects the payroll in a right wa
Small operations, big time benefits: Benefits
options tailored and priced to fit. Health
insurance, 401(k),HAS(Health saving
account),FSA(Flexible spending account).
Better technology: Better benefits experience.
Online benefits enrollment, built in benefits
education and increased employee access.
8. • Payroll taxes
• Your payroll taxes,filled
automatically
• Gusto don’t just calculate your
taxes, we file them with the
right government agencies
every time you run payroll.
• Integrated platform
• Everything you need,
synced with payroll.
• All our features work
together seamlessly on one
platform — health
insurance, 401(k), workers’
comp, time tracking, PTO,
and more.
• Compliance
• Auto-calculations for fewer
mistakes
• They keep track of changing tax
laws and do all the calculations for
you.
• Track lunches, breaks, and more
• Gusto’s simple time tracking helps
you stay in compliance if you have
hourly workers.
All in one platform/ task performed
Payroll
9. Time tracking tools of gusto
Give your team the time off
they need.
Once your PTO policy is set,
employees can submit vacation
and sick days for approval - or
managers can submit time-off
on their behalf. It all syncs to
calendars and payroll
automatically.
Paid time off as unique as
your team.
Customize your paid-time-off
policies to fit your team’s
needs, then run reports with a
click of a button. It’s all
organized by date,
department, or employee so
it’s easy to navigate.
Pick your holidays and pay
your team.
Select from federal holidays
or upgrade to create your
own custom holidays. They’ll
both be automatically
approved and populated into
payroll as default paid time
off. Easy.
10. 401(K) plan
A 401k is a qualified retirement plan that allows eligible employees of a company to save and
invest for their own retirement on a tax deferred basis. ... If you earn $750 each pay period and
elect to defer 5% of your pay, $37.50 is taken out of your pay and placed in the 401k plan.
Simplifying employees
life by syncing 401(k)
payroll
Guideline syncs with payroll so
employee contributions are
automatically deducted every
pay period, with no extra work
for you.
Employees manage their
own accounts
Employees can set up a
new 401(k) in 5
minutes. They’ll receive
guided portfolio
recommendations from
Guideline and can
quickly adjust their
contributions as their
needs changes.
Why offer a 401(K) plan
Your team is essential to
your success — help them
build a strong financial
foundation for the future.
Nearly 70 million Americans
don’t have a retirement
savings plan at work, but
workers are 15 times more
likely to save when their
employers offer one.
11. Pricing of gusto The base price for Gusto is $39 per month plus $6 per month
per employee or contractor. Gusto
FREE TRIAL
CORE PLAN From $45/month(3150 RS)
COMPLETE PLAN From $51/month(3570 RS)
CONCIERGE PLAN From $161/month(11270RS)
Gusto offers three enterprise pricing plans for users to choose from. Give the details a look, and select the best plan for your
business:
Core Plan: Full-Service Payroll – $39/month base + $6/month per person
Includes all payroll features, employee accounts and profiles, health benefits and workers’ comp administration, expert
support.
Complete Plan: Full-Service Payroll + Advanced HR Tools – $39/month base + $12/month per person
Includes hiring and onboarding tools, time-off requests, employee directory and surveys, plus all payroll features, employee
accounts and profiles, health benefits and workers’ comp administration, expert support.
Concierge Plan: Full-Service Payroll + Advanced HR Tools + Certified HR Advisors – $149/month base + $12/month per
person
Includes certified HR pros, HR resource center, dedicated support, plus all payroll features, employee accounts and profiles,
health benefits and workers’ comp administration, hiring and onboarding tools, time-off requests, employee directory and
surveys
20. V fv
.
.
Tools used by
gusto
Salary paycheck and
payroll calculator
This tool is used to
calculate final amount
of salary the employee
is paid
Employee tax calculator
Their employer tax
calculator quiclky gives
you a clear picture of all
the payroll taxes an
employee owe when
he/she joins the
organization
In Indian rupees 79345
21. Salary comparison tool
Gusto tell us about your state and job title, and they’ll show you the average amount
someone earns with the same background as you.