Zenefits任命杰伊·富尔彻为新董事长兼首席执行官美西时间2017年2月6日- Zenefits宣布,该公司已经在2月3日任命Jay Fulcher 杰伊·富尔彻作为首席执行官和董事长,Jay Fulcher 最近的履历是担任 the president and CEO at Ooyala。
Zenefits
2017年02月14日
Zenefits
Zenefits发布最新产品 Zenefits HR One
原文来自官方博客:
For most of our customers, their dream job is building a business or helping people grow their careers. Unfortunately, paperwork and compliance obligations can turn into a full-time job (and one that’s a lot less fun). That’s why Zenefits was created — so that you can automate the hard stuff and get back to what you love.
Today, we’re excited to launch HR One, our latest innovations to help people like you focus on your dream. But first, let’s take a look at where we were just three months ago.
Before HR One, There Was Z2
At Zenefits, our mission is to make entrepreneurship easier. That’s why we launched the first true all-in-one HR platform with Z2. Z2 was a labor of love. We launched a new and improved HR platform, creating an app store experience that includes integrations from top platform partners like Google, Slack, and eShares. We also revamped our benefits shopping experience and released Zenefits Payroll in Florida, California, Texas, and Washington. The result of it all? A more comprehensive HR platform.
We’re humbled by the positive feedback and industry recognition we’ve received since Z2. Our products have won nine awards in just three months.
But we weren’t ready to relax just yet after Z2. What can we say? We like to keep busy.
Here’s a closer look at what we’ve been working on and what we announced today with HR One:
Easing Compliance Pains
Small businesses spend over $83,000 in regulatory costs during their first year of business, and $12,000 each year thereafter, according to a 2017 survey by the National Small Business Association. That’s a lot of money. It’s also the reason why we launched the Compliance Assistant App.
What we love about the Compliance Assistant – the industry’s first and only integrated compliance app:
It tracks and manages federal compliance deadlines for benefits, payroll, taxes, and basic HR. It simplifies compliance for you so you can focus on your business.
It enables you to create custom deadlines and sync with your internal calendars (like Outlook and Gmail), as well as see the status of any compliance obligations you might have with employees.
The goal? To help take the burden of compliance off your shoulders. And based off this customer feedback, we think we’re on the right track:
“Before Zenefits, I was concerned about compliance landmines and that we would miss critical steps in the onboarding and offboarding process. With Zenefits, I’m confident we’re on top of all the requirements. I also feel like I save a lot of time and avoid costly penalties,” said Tim Cailloux, Treasurer, Chattahoochee Hills Charter School. “I’m excited about Zenefits’ new Compliance Assistant app as it will help us stay ahead of the ever changing requirements in the coming year.”
Getting Organized
HR can get messy. From new-hire paperwork to handbooks and agreements, there are a lot of documents associated with each employee. Zenefits automatically collects these important documents, and with the Documents App, all critical documents are now centralized in one place – making it extremely easy to view and manage.
Some cool features:
The app automatically stores documents collected in Zenefits workflows (hiring, promotion, termination, etc.), creating a single document repository of all employees
HR administrators can quickly see the collected and missing documents for each employee, making it easy to track progress and fill in the gaps.
Administrators can also add new document categories and request documents from employees directly through Zenefits.
New Kids on the Block
Our partner-integrations were so well-received during our Z2 launch that we decided to bring on a few more! We’re excited to announce 10 new partners, for a total of 27 total platform integrations, and over 50 others in development.
We’re thrilled to welcome our newest partners to the Zenefits family:
401(k): Principal Financial Group, Co-Pilot Powered by PAi
Productivity Tools: Box, Asana, Hive
Commuter Benefits: Lyft
Connector Applications: Zapier, Workato
Travel Planning: NexTravel
Employee Engagement: Giftedd
Custom Integrations: The API now allows customers to build private integrations with internal systems like POS and CRM systems.
Expanding Our Payroll Footprint
In 2017, we plan to make a big mark on payroll. Our goal is to offer Zenefits Payroll in 30 states by July and nationwide by the end of the year. To kick things off, Zenefits Payroll will be accepting customers in five additional states starting March 1st: New York, New Jersey, Connecticut, Colorado and Arizona.
These five new states are in addition to what we already have available in California, Washington, Texas and Florida. Want to see what our customers say about Zenefits Payroll? Take a look.
Updated Mobile Features
With more than 20 percent of employees accessing Zenefits via their mobile phones, we decided to update our award-winning iPhone and Android mobile apps with some new features, including:
Employee access to HR documents
Ability to easily submit time sheets
New inbox for notifications on HR-related action items
Simplified Pricing Plans
We also introduced a new simplified pricing model, which bundles the majority of our apps into four competitively priced packages, including a free plan with basic HR and benefits administration.
We also remain committed to supporting social entrepreneurship nationwide and value the amazing contribution that nonprofits bring to their communities. As a result, Zenefits will offer a 25 percent discount to the hundreds of nonprofits already on the platform.
What’s Next?
It’s been an amazing few months. We’re excited about our latest products and partners – and we hope you are, too.
Want to learn more about our new releases? Join our webinar for an exclusive look into Zenefits’ latest innovations and see how they can work for you. Sign up here.
Zenefits
2017年02月02日
Zenefits
一个崭新的、遵纪守法的 Zenefits 。 David Sacks 的一封信:The New Zenefits - Becoming the Compliance Company
这是Zenefits的CEO David Sacks新官上任3个月后、尝试以公开透明的姿态,向公众汇报Zenefits最近一段时间积极配合政府部门的检查、以及改过自新的各种举措。另外这个David Sacks 也要加入特朗普的团队了~~
文中主动坦承了创始人、前CEO确实写了个脚本帮员工知法犯法地、作弊考取卖保险的资格认证。这篇检讨书可以打几分?可以多大程度拯救这个“从天上掉到地上的独角兽”?
详细看看他的原文吧:
Three months ago, I became CEO of Zenefits after an internal investigation brought to light deficiencies in the company’s licensing compliance. In my Day 1 memo, I said that we would be transparent about these failings, because in order to fix a problem, you must first admit that it exists. Regulators and the public have an expectation that their rules will be followed, and the new leadership of this company is completely committed to doing that.
Getting compliance right is important for all businesses, but this is especially true for Zenefits. Our software is intended to help customers with their HR and Benefits, so compliance is fundamental to our value proposition. We not only have to be a compliant company, we have to be excellent at understanding compliance and delivering that in our product. We have to be the Compliance Company.
Over the past three months, we have worked hard to become this company. This transformation is still underway and there is still some work to do. But we have brought our licensing into compliance. We have dealt with many other issues as well, including a previous culture that was complacent about cutting corners and dismissive towards long-term planning. We have made a break with this culture and defined operating with integrity as our new number one value.
If there is a silver lining to the difficulties that Zenefits has gone through the past three months, it is that we have turned compliance into a core part of our values, culture, and expertise. In turn, I believe that we will be able to use this experience to improve our product and help our customers with their own compliance needs. This will ultimately make us into a stronger and more differentiated company that provides a much greater level of value to our customers.
I want to thank our customers for sticking by us during this difficult period. The fact that our ARR remains the same today as it was before all of this happened is a testament to the value that small businesses find in our platform.
As I reflect back on these first three months, I think it’s important first to make clear how our compliance issues came to light. We need to close the chapter on what went wrong so we can move forward. Second, I want to describe our remediation efforts in more detail. Finally, I want to tell you about how we are looking forward as a company.
I. Background
In late November, the company conducted an internal review of our licensing procedures that made me aware of two issues for the first time. First, contrary to what I had been led to believe, the company had engaged in many instances of unlicensed selling. Second, the review uncovered the existence a software program, or “Macro”, that created the perception that employees were studying required online coursework when they were not in fact logged in.
In response, the company initiated two investigations. In December, the company hired a Big Four auditing firm to itemize the licensing failures. After I became CEO in February, we self-reported the findings to all the state departments of insurance. Since then, we have been cooperating with regulators to fully account for all historical violations while instituting new technology and practices to avoid future ones.
Separately, we hired the firm Cooley LLP to investigate the Macro. Cooley reviewed over 15,000 documents and interviewed current and former employees. On January 25, Cooley reported its findings to me. This is when I learned for the first time that founder and former CEO Parker Conrad had written the Macro and that its use violated a state licensing requirement.
I immediately escalated the matter to the Board of Directors. An emergency board meeting occurred on February 1, Parker agreed to resign, and I instructed company counsel to self-report the issue to the California Department of Insurance. All of these actions are described in Cooley’s investigative report to the Board, which we are making public as part of our commitment to transparency.
II. Remediation
Since I became CEO on February 8, we have moved swiftly to remediate these issues. As I outlined in my Day 1 memo, this has required not just new policies, procedures, and technology but also sweeping changes to our leadership, governance, values and culture.
a. Macro Remediation
To ensure that something like Macro cannot happen again, we have disabled the underlying technology on our network. More to the point, we have terminated executives who were ringleaders in encouraging and disseminating the Macro. We are committed to operating with integrity, and behavior of this kind will never be tolerated at Zenefits again.
We are also requiring that every broker at Zenefits take 52 hours of coursework created by industry authority NAHU (the National Association of Health Underwriters). Of this, 12 hours consists of ethics training. For each NAHU course, the participant must pass a proctored NAHU test. The program has already begun and will be completed by October 1. You can see our NAHU curriculum here.
b. New Licensing Controls
To bring our licensing into compliance, our engineers have developed sophisticated new controls on the Salesforce.com platform that prevent any current or prospective account from being assigned to a sales rep who does not have a valid license in the correct state. Recently, we integrated this technology with a live feed from a national licensing database, so data on our employees’ insurance licenses is always up-to-date. Zenefits currently has approximately 300 licensed employees with almost 10,000 licenses.
In the words of our Big Four auditing firm, “the processes and controls over the licensing of sales agents are adequately designed to address the risk of sales activity being performed by agents without the appropriate license.” If you’re familiar with the words of auditors, this is about as enthusiastic as their evaluations get. We will be bringing back our auditors in Q3 to verify that the new controls are working as designed.
c. Dedication to Broker Education And Professionalism
Zenefits is not content just to do the minimum broker education required by the state. We have also instituted the following additional education:
As described above, every broker at Zenefits must take 52 hours of mandatory NAHU coursework and pass the NAHU test.
Zenefits has created a Boot Camp for new hires, where they receive an additional 20 hours of insurance training. In order to get into Boot Camp, new hires must show proof that they have already obtained their broker license prior to starting work.
After Boot Camp there is continuing education. We’ve developed our own quarterly exam (written by individuals with over 30 combined years of broker/carrier experience) to make sure that our brokers are keeping up their insurance knowledge.
Twice monthly, the entire team is trained on subjects like new legislation. Zenefits will begin seeking continuing education credits for many of these trainings.
Zenefits has established a Zenefits Insurance Advisory Board (ZIAB), consisting of experienced brokers who oversee the training curriculum and have Broker Office Hours to answer additional questions. ZIAB is also active in the company’s emerging compliance structure.
Finally, as a part of our dedication to the broker profession, every producer at Zenefits is a member of NAHU, as well as their associated state and local organizations. Zenefits is encouraging active participation and pays for membership fees.
d. Corporate Governance and Leadership
Zenefits has reconstituted its Board of Directors and Executive Team. Previously, the Board consisted of 4 seats, three of which were controlled by Parker; effectively he had total control. The new Board consists of 6 seats and is balanced: in addition to a CEO seat, there is one founder seat (Laks Srini), one seat for the Series A/B investors (Lars Dalgaard from Andreessen Horowitz), one seat for the Series C investors (Bill McGlashan from TPG), and two outside directors (Antonio Gracias from Valor and Peter Thiel from Founders Fund). We are grateful that prominent investors and industry leaders like Antonio, Bill, and Peter agreed to join the Board when I became CEO.
We also named a new Executive Team after each member was vetted by Cooley to ensure that they had no role in disseminating or encouraging use of the Macro. New Sales leadership has been appointed in both San Francisco and Phoenix. And throughout the company, we have appointed or promoted over 20 new mid-level managers and executives.
e. Creation of Compliance Team
One of my first acts as CEO was to appoint Josh Stein, a former federal prosecutor, in the new role of Chief Compliance Officer, which reports directly to me and to our Board of Directors. One of our key failings under the previous CEO was that we did not have a dedicated compliance department — we have fixed that.
Over the past three months, Josh has done an amazing job standing up a robust compliance organization that works with the Exec Team and managers throughout the company. We have 9 dedicated compliance personnel — up from zero under the previous CEO — with plans to hire 3 more. The team is conducting a top-to-bottom compliance review, and we have established a compliance hotline that allows any employee to report (anonymously, if they desire) any issue that needs to be investigated. Maintaining robust compliance monitoring and remediation is something that we will never stop doing as a company.
f. Change in Culture and Values
Company culture is what guides employees’ decisions when no one is looking. As Warren Buffett has written, “Culture, more than rule books, determines how an organization behaves.” That is why some of the most important changes that we’ve made have been at the level of culture and values. Zenefits declared three new company values on Day 1:
#1 Operate with integrity.
We have empowered our employees to act with integrity and we are seeing amazingly positive results from that. We don’t punish employees who make honest mistakes; we recognize them for tackling the root causes that led to those mistakes. Our employees are spotting issues and bringing them forward, knowing that the company will take their concerns seriously.
Operating with integrity is about more than just compliance, as important as that is. It’s about integrity in everything we do. A key component of that is the integrity of our data and infrastructure. We have declared a War on Errors with a dedicated quality team, and we have created a new Core Service team in Engineering. As a result of these initiatives, key metrics for error rates, site performance and reliability have all improved markedly, improving the experience for our clients and their employees.
We have seen that our problem was not the vast majority of our employees — our problem was fundamentally a failure of tone and leadership from the top. I’m proud of our current employees and inspired by their dedication to doing the right thing.
#2 Put the customer first.
We have made the decision to focus on small businesses because this is where we can be most impactful as a company. These are the businesses that most need a product like Zenefits. Small businesses rarely have an HR department larger than one — many have no one at all, with the heavy administrative burden falling on the business owner.
We have found that many small businesses are offering health insurance for the first time (28% of our new clients) because Zenefits makes it easy to do so. Similarly, many of our small business clients are now able to offer other big company benefits, like commuter benefits or FSAs. This helps our small business clients compete for talent and take care of their employees.
Part of our dedication to small business is a dedication to smart growth. Rather than chasing ever larger accounts, we have re-dedicated ourselves to improving our service with our small business customer in mind. Today we are focused on the quality of our offerings, with important initiatives like our War on Errors. In the near future, look for even more radical changes dramatically expanding the power of our platform for small businesses.
#3 Make this a great place to work.
We have made strides in making Zenefits a great place to work. By “great”, I don’t mean just a fun place to work. Having fun is important, but it’s not the end of the story. Working at Zenefits should be a rewarding experience, where employees believe they are part of making an important change in the world and feel a connection with each other and our customers.
We started by declaring our mission statement, which is to make entrepreneurship easier and more accessible to everyone. We sharpened our focus on small businesses to make winning achievable. We recognize employees who demonstrate our new values at our All Hands meetings through a peer nomination process. We are deepening the connections between our customers and employees with our biweekly “Live Chat” series, which brings in customers to share their experience with Zenefits. This is especially important for our employees who don’t have regular contact with our customers. A rewarding place to work is one where you can see the positive impact you’re making.
And we are catching up on all the other things employees expect from a company they give their all to: a more generous benefits program, a 401k, a thoughtful goal setting and review process, more commuter benefits, manager training, and events to socialize together outside of the office. Today, thanks to our facilities team, employees in San Francisco arrived to a much needed spruce-up of our office space in San Francisco.
III. Moving Forward
Although our work on remediation is not yet done, we have made major progress. We have sent an independent audit to regulators, owned up to our historical issues, and will accept the consequences for our past mistakes. We will continue the partnership with regulators we have forged by self-reporting this issue.
Now it is time to look forward as a company. We need to focus on making small business ownership easier and more accessible. We need to use the deeper understanding of compliance that we now have to help our customers with their own compliance-related needs. This is a value proposition that already undergirds some of our most compelling products.
One example is Onboarding. We offer a simple “Hire” button that, once configured, keeps small businesses in compliance by extending offer letters, running background checks, automatically offering eligible new hires insurance, facilitating completion of I9s, and collecting the information required for W-4s. Our goal is to make hiring a new employee as easy as calling an Uber.
Another example is our ACA Compliance tool. Particularly for companies with part-time or hourly employees, calculating whether you have to provide coverage, and for whom, when, and how much is very complex. And producing the Form 1094-Cs/1095-Cs filings is a significant administrative burden. This tool is free, regardless of whether you make us your broker. But it’s much more powerful when we’re the broker because we can auto-populate so much of the data. This shows how an all-in-one HR and Benefits system drives so much value for small businesses.
Products like these demonstrate the value we deliver as the Compliance Company. Our focus now is to continue executing for small businesses and living up to the great potential of this company.
About David Sacks
David is CEO of Zenefits. He is an Internet entrepreneur who was the founding CEO of Yammer and original COO and product leader of PayPal. He also produced the award-winning independent film Thank You For Smoking. He is an angel investor in tech companies like Facebook, Uber, Airbnb, Houzz, SpaceX, and Palantir.
详细文章来看看吧:https://www.zenefits.com/blog/new-zenefits-becoming-compliance-company
Zenefits
2017年01月11日
Zenefits
Zenefits CEO David Sacks提出离职,任职不满一年,有可能加入特朗普团队
作为去年成长最快的企业服务独角兽之一,ZenefitsC轮融资时估值45亿美元。
就在10月,Zenefits刚刚发布了全新改版后的Z2版本,由一站式云HR管理工具转型为整合各类HR应用程序的交易平台。曾经的Zenefits由于让未经授权的销售人员非法成为保险代理人,曾一度引来监管机构的调查,随后Zenefits创始人Parker Conrad被迫辞职。
之后CEO David Sacks 入职后开始大力整顿,今年2月裁员250人,占总员工数的17%;6月,他再次裁员 9%,想重构企业文化;7月,他宣布将去年5亿美元的投资者股份由原来的11% 提高到25%,将C轮估值降到20亿美元。而此次推出的Z2更新,就是Sacks进行业务调整的一大尝试,他希望借此带领Zenefits突破困局。
不过就在今天,《纽约时报》报道称,David Sacks正式宣布辞去CEO一职,他说,“是时候寻找下一位领导者了”,不过,辞职之后的David Sacks将继续留在该公司担任董事长职务。
而《华尔街日报》则指出,Sacks正在考虑加入唐纳德·特朗普总统的过渡团队——Sacks为硅谷风险资本家兼PayPal创始人Peter Thiel的好友及前任同事,而Thiel正在特朗普的过渡团队中担任负责人。
Read Sacks' tweets here:
1/ Ten months ago, the Board asked me to step into the CEO role at Zenefits amidst a regulatory crisis.
— David Sacks (@DavidSacks) December 3, 2016
2/ This is not a job I sought, but I felt a responsibility to investors, employees and customers to help the company through the crisis.
— David Sacks (@DavidSacks) December 3, 2016
3/ I accepted no compensation to do this job. (I wanted employees to get it all -- we more than doubled their ownership.)
— David Sacks (@DavidSacks) December 3, 2016
4/ This week we successfully resolved the issues with the California Department of Insurance (CDI), our lead regulator, and 19 other states.
— David Sacks (@DavidSacks) December 3, 2016
5/ Remarkably CDI reduced its fine 50% in recognition of the remediation and cultural transformation we’ve done.
— David Sacks (@DavidSacks) December 3, 2016
6/ Regulators across the country have praised the company for resetting its values, culture, mission, leadership, and governance.
— David Sacks (@DavidSacks) December 3, 2016
7/ As a result, the company now has a clean bill of health.
— David Sacks (@DavidSacks) December 3, 2016
8/ Meanwhile, our amazing employees kept working. We launched our new Z2 product that small businesses love.
— David Sacks (@DavidSacks) December 3, 2016
9/ We reset our relationship with investors. We reduced headcount 35% and lowered monthly burn 50% YoY.
— David Sacks (@DavidSacks) December 3, 2016
10/ We refocused on our core small business market. We’ve seen renewed growth on the heels of Z2. Sales is hiring again.
— David Sacks (@DavidSacks) December 3, 2016
11/ In short, we've achieved every goal set forth in my Day 1 memo, which outlined the turn-around plan.
— David Sacks (@DavidSacks) December 3, 2016
12/ Now it is time to open a search for permanent CEO of the company. I will stay involved as Chairman, focusing on product and strategy.
— David Sacks (@DavidSacks) December 3, 2016
13/ Zenefits has a great team, hundreds of millions of dollars in the bank, and years of runway to keep building.
— David Sacks (@DavidSacks) December 3, 2016
14/ Z2 is also the best product in a huge greenfield category -- small business HR. With this, Zenefits is spring-loaded for success.
— David Sacks (@DavidSacks) December 3, 2016
15/ I cannot thank all of our employees enough for their hard work to turn the company around. Their decisions and actions made it happen.
— David Sacks (@DavidSacks) December 3, 2016
16/ I’m excited about the future of Zenefits and partnering with a great operator and our Board to take Zenefits to the next level. //
— David Sacks (@DavidSacks) December 3, 2016
本文参考了多个信息来源:www.businessinsider.com,