After 5 years of building Zeal, we are excited to announce our $15M Series B fundraising to continue building the next generation of payroll. 👇
We see that worker preferences are changing. Outside of money related motivations, the ability to have more flexible work is the most important motivator to find a new job for workers.
As a new generation of workers decides what’s important to them, employers are changing how they structure work arrangements. We call this new, digital-native, generation modern workers. And we call the new way they want to work modern work.
A combination of shrinking workforce and a post-pandemic increase in hiring has created a challenging hiring environment. As the US Chamber of Commerce states “We have a lot of jobs but not enough workers to fill them. If every unemployed person in the country found a job, we would still have millions of open jobs.“
Many businesses are turning to staffing companies, gig platforms, labor marketplaces, and human resource service providers to help them find workers. And the work arrangements offered by these companies are more appealing than direct hiring for modern workers because they are fundamentally more flexible.
While modern work and workers are a growing trend, the staffing companies, gig platforms, labor marketplaces, and human resource service providers who embrace this change are still largely using antiquated tools from the previous era of work.
Payroll that's more flexible, automated, and native is required to deliver on the high expectations of modern workers and the dynamic nature of modern work. We call this modern payroll.
We’re excited to continue building Zeal to meet the needs of modern workers and modern work with a modern payroll platform that lowers operational costs and improves worker retention.
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