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What Is Gusto? What Are The Benefits Of Using Gusto In Your Company?

There are several payroll-service companies out there; however, Gusto stands out from among the pack. Gusto is a full-service payroll platform that helps you manage your employees’ salaries and their benefits. 

They have over 100,000 clients in the US, and they customized solutions for employee benefits in the states of Illinois, Massachusetts, New York, California, Florida, and more. 

Gusto is a completely cloud-based platform that can seamlessly integrate with other software solutions such as Xero and Quickbooks. A cloud-based platform means that the entire service is available online. You do not have to download or install or maintain any software on your computer systems

How is Gusto Different from Other Platforms? 

Gusto is especially helpful if you hire contract-based, part-time, or freelance workers to help with your business. 

Since small businesses, in particular, rely on many such workers apart from their full-time employees but do not have a dedicated Accounts or HR team to help manage them, Gusto can be the solution you need. 

It allows you to compensate your full-time employees along with your W-2 contractors and 1099 contractors.

You can conveniently manage and pay your different types of workers, including full-time employees, part-time employees, 1099 contractors, freelancers, consultants, and you can easily designate employee types to them. 

All the different employees of your company, along with consultants, freelancers, part-time workers, can access their profiles on this payroll system. They can view the payments they have already received, access any year-end forms, and any other payroll or benefits-related information. 

Gusto is extremely easy to use with an intuitive user interface. You don’t have to spend hours figuring out how to use the platform, and you don’t need to be trained on how to use it. Everything is so conveniently designed that you immediately know how to use it once you log in. 

It has several features that are way ahead of other payroll software, such as being able to run four different types of payroll: regular payroll, bonus payroll, off-cycle payroll, and termination payroll. 

This takes into account the need for differential payment when the need arises. Companies may need to pay certain workers extra money for more work done, or you may be giving out bonuses during the holidays. 

You can even run Gusto on autopilot, which is a feature many HR professionals love. Try out Gusto for yourself using a free demonstration account to see if it works for you. 

Features You Should Know About 

Gusto offers several features that are noteworthy, including: 

Processing Your Payroll- You can run your payroll as many times as you need in a single month without the need to pay extra. You can run your payroll on autopilot if there are no changes to your payroll in that pay period. 

For hourly workers, all you need to do is enter the number of hours they have worked, and the system automatically calculates their pay. You can also enter any bonuses or commissions that have been earned.

Overall, processing and paying your employees using Gusto is just a matter of minutes if you don’t need to make too many changes. 

Payment Modes- You have the benefit of multiple pay modes to use for paying your employees. You can pay them through direct deposit in which your workers’ payment is deposited into their bank accounts. 

Or, you can pay them through pre-paid debit cards, which can be topped up as many times as you need. Further, you can pay them through printed checks that can be printed on your office printer. You do not need any special or additional software, but you do need to have a check stock paper.

Miscellaneous HR Services– With Gusto, you can make use of several different human resource services that simplify your tasks and save you a lot of time. 

These services include employee onboarding tools, offer document generation, employee surveys, HR compliance help, custom employee handbooks, job description templates, employee directories, organizational charts, on-demand access to HR professionals, and more. 

Gusto Plans and Pricing 

There are three distinct plans for you to choose from with differential pricing. 

The three plans are: 

Core- This is the most basic plan that has a base price of $39 per month, along with an additional $6 per employee. This plan includes the least number of HR features; however, you can still complete your basic payroll processing and management. 

This plan also includes employee self-service, worker’s compensation administration, health benefits, and paid time off tracking. The main drawbacks of this plan are that it does not allow you to track time, does not help with employee onboarding and offer letter, and there is no pro HR support available. 

Complete- The base price of the Complete plan is also $39 per month, but it costs $12 per employee to maintain. 

In addition to everything that is included in the Core plan, the Complete plan includes features such as employee offers and onboarding, time-tracking and paid-time-off management, employee surveys, employee directories, etc. 

Concierge- This is the most feature-rich plan that includes almost everything that Gusto has to offer. It is also the most expensive plan with a monthly price of $149, along with an additional $12 per employee. 

Since the per-employee cost is the same as the Complete plan, this plan may be much more cost-effective for larger organizations. 

This plan includes everything that is part of the Core and the Complete plans. In addition, it allows you on-demand access to HR professionals who will answer any HR-related queries that you may have. You can also use an HR Resource Center that helps you make job descriptions and employee handbooks. 

In addition to these three plans, you can also avail of certain value-added services from Gusto. You need to pay a separate charge for each such service. These value-added services can be availed only if you subscribe to any of the three plans. 

These value-added services include health benefits management, retirement savings plans; workers’ compensation insurance; commuter benefits management; flexible spending account; 529 college savings plan, and health savings account. 

Final Thoughts 

Gusto is especially useful if you have a small team of workers without a dedicated HR manager or staff. Gusto can automate and help you with several HR functions that would otherwise be time-consuming and repetitive. 

Even though gusto pricing may be more expensive than some other payroll management services, it may be worth it thanks to the additional features that it offers. 

Another payroll management service that you may want to check out is bamboohr.

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