Justworks Inc (JW)

Justworks, Inc., a cloud-based software platform, offers benefits, payroll, human resources, and compliance support solutions for small and medium-sized businesses in the United States. It offers an automated payroll and tax processing solution that processes automated payroll deposits and other types of one-off payments, files related payroll taxes at the federal level and various tax localities, supports various tax credit programs on behalf of its customers, and processes payments for vendors and contractors; and Justworks Hours, a solution to automate employee time and attendance and track employee productivity. The company also offers solutions to handle various aspects of employee benefits administration, such as medical, dental, vision, 401(k), disability insurance, supplemental life insurance, flexible spending accounts, health savings accounts, and other plans, as well as claims support and other benefits-related paperwork. In addition, it assists businesses with their employer-related compliance needs, including new hire reporting, workers’ compensation coverage, employment payroll tax filings, W-2 processing, employment practices liability insurance, and state unemployment insurance filings. Further, the company offers self-service software, where employers can add and terminate employees, generate reports, configure company holidays and time-off policies, and select benefits to offer employees; employees can choose their benefits, request time off, and make updates following a qualifying life event, such as getting married, moving, or having a baby, as well as provide a self-enrollment funnel that enables expedited onboarding. It also develops Guidepost, an online platform to provide educational resources for people. Justworks, Inc. was formerly known as Clockwork Solutions, Inc. and changed its name to Justworks, Inc. in March 2013. The company was incorporated in 2012 and is based in New York, New York.