Cocoon is a startup that operates in the Human Resources (HR) technology market, providing a modern solution to employee leave management. The company's software automates the complexities of compliance, claims, and payroll, serving People teams and their employees. It is designed to simplify the process of employee leave, reducing the risk for companies by codifying the Family and Medical Leave Act (FMLA) and ever-changing state leave laws. This ensures each employee's eligibility is calculated accurately and required notices are sent out.

Cocoon's business model is based on providing an intuitive tool that empowers employees to plan their leave privately, file claims easily, and track their pay accurately. It does the heavy lifting for compliance, claims, payroll, and reporting, saving People teams significant time and resources. On average, Cocoon's software saves companies $12,515 per leave in recouped benefits payments.

The company's clients range from HR teams looking to attract and retain top talent with a competitive leave program, to payroll departments seeking to save hours each week with software that automates compliance and payroll calculations. Cocoon also partners with brokers and consultants, helping them to keep their clients and their firms at the forefront of HR technology.

In summary, Cocoon is a HR tech startup that offers an automated solution for employee leave management, serving a wide range of clients and saving them time and money.

Keywords: HR Technology, Employee Leave Management, Compliance Automation, Payroll Automation, Claims Management, FMLA, State Leave Laws, Employee Benefits, Time Saving, Cost Saving.