Zuman, founded in 2013 with a simple mission to transform the people operations experience and help employees grow their companies, has entered into a partnership with BitPay to allow its business clients to pay their employees in Bitcoin. The company says that the human resource industry needs a more holistic approach that combines software plus expert service.
The decision by the company shows that it has tried not just to bring a new aspect in human resource management, but also how it can be given an edge with the latest technologies. Doug Devlin, founder and CEO of Zuman says that human resources are frankly kind of broken, especially for the changing demographics of the workforce of tomorrow.
Swift Payment in Bitcoin for Convenience
It is expected that with the BitPay partnership, Zuman clients can now pay their employees in the popular digital currency after taxes are taken out. However, even then the employees will have choice on how much of their paycheck to receive in Bitcoin. Thus, the employees have been given flexibility and freedom to great extent.
Devlin in his statement said that the Bitcoin service will be released to Zuman’s clients after Labor Day. He said that it is part of the company’s core product; therefore, clients won’t pay extra for the capability. According to him Zuman charges its clients a monthly subscription fee based on the number of services the business uses and the size of its workforce.
The decision to provide a solution wherein clients can pay their employees in Bitcoin was not taken in haste; rather, the company has been receiving a lot of requests regarding this from the clients for a year or more. The company says that it had several clients asking about paying employees in Bitcoin and finally took the decision.
According to Devlin Zuman’s target clients include businesses with 50 to 1,000 employees and have unique workforce characteristics, with a variety of traditional employees, contractors and freelancers. Thus, the latest option is not just available for large companies but even for the small sized enterprises that want to try their hand in Bitcoin.
Zuman which provides the premium cloud HR solution unifying HCM for payroll, benefits, and talent management for better people operations says that so that managers and employees have better looking self-service, Zuman is updating its online and mobile user interfaces.
To contact the reporter of this story: Deepak Tiwari at email@example.com