Turning Zero into an Employment Hero Overnight

This article provides an in-depth look at Employment Hero, a company that offers a platform for businesses to manage their human resources and payroll. Here are the main points from the article:

Key Points

• Employment Hero is a company that helps businesses manage their human resources and payroll.
• The company’s core market is small- to medium-sized enterprises (SMEs).
• SMEs contribute significantly to the global economy, with data from the International Labour Organization suggesting they account for more than 50% of GDP in most OECD countries.
• Employment Hero has raised big money at big valuations, but the company argues that it’s not just an HR platform, but a employment platform that helps people find work, manage their time, and get paid.
• The company is planning to offer real-time pay, which would allow employees to be paid daily instead of waiting until the end of the month.

Key Features

• Employment Hero offers a range of features, including payroll management, employee onboarding, and benefits administration.
• The platform also includes tools for managing employee performance and development.
• One of the key features is InstaPay, which allows employees to access up to half of their earned wages in advance for a small fee.

Future Plans

• Employment Hero plans to introduce real-time pay, which would allow employees to be paid daily.
• The company believes that this will change the way people associate work and money, combining the flexibility of gig work with the quality of employment.

Impact

• Employment Hero’s platform has the potential to have a significant impact on the way businesses manage their HR and payroll processes.
• By offering real-time pay, the company could also improve employee satisfaction and reduce financial stress for workers.

Overall, the article provides an in-depth look at Employment Hero’s plans to transform the way people get paid. The company’s focus on providing a platform that helps employees find work, manage their time, and get paid is a significant shift from traditional HR platforms.