The Software Report is pleased to announce the Top 25 HR Software Companies of 2024. The human resources industry is contending with significant disruptions, including job automation, the rise of remote and hybrid work preferences, and the influence of advanced AI technologies on the job market. Statista reports that 47% of current U.S. jobs are at risk of being automated by 2030. This shift towards digitization and the evolving job landscape is fueling steady growth in the Human Capital Management (HR) software market globally, with Apps Run the World reporting a nearly $3 billion increase over five years, reaching $33 billion in 2024. It's within this dynamic and challenging context that our awardees have excelled, playing a pivotal role in enhancing business efficiency in employee management operations.
Among the awardees this year is Fountain, a hiring and onboarding platform focused on front-line employees that champions the needs of hourly workers by addressing the unique challenges they face, such as conducting fast background checks. Arcoro targets the construction industry's hiring and onboarding processes, helping companies navigate the sector's strict regulatory environment and supporting construction workers from recruitment through retirement. SmartRecruiters has launched a “reverse recruiting” initiative as part of their corporate social responsibility efforts, aiding job seekers who struggle to find stable employment by improving their resumes, honing their interview skills, and refining their personal brands.
The selection process for our HR Software awardees is exceedingly competitive, with winners selected based on their innovative solutions, exceptional user experience, and significant impact on HR processes, among other considerations. These awardees have demonstrated industry leadership, strong security measures, and the ability to scale with their clients, earning them top recognition in the HR software community. Please join us in recognizing the accomplishments of the Top 25 HR Software Companies of 2024.
1. Insperity
Insperity was established in 1986 and is headquartered in Kingwood, Texas, with over 90 offices across the United States and over 4,000 employees. The company offers a wide array of scalable HR solutions, providing businesses with comprehensive services, coupled with cutting-edge technology, offering administrative relief, risk mitigation, and superior benefits necessary for sustained growth.
With revenues of $6.5 billion in 2023 and a client base exceeding 100,000, Insperity is a leader in the industry. Recently, Insperity announced an exclusive strategic partnership with Workday, further enhancing its ability to deliver best-in-class HR services and technology to small and midsize businesses.
2. TriNet
TriNet, established in 1988 in the San Francisco Bay Area, is a provider of full-service HR solutions, catering to over 23,000 clients and supporting a workforce of 331,000 employees across the United States. Specializing in small and midsized businesses (SMBs), TriNet offers HR expertise tailored to diverse industries.
The company’s comprehensive suite of services includes advanced payroll management, premium benefits administration, and expert consulting for risk mitigation and compliance.
By leveraging personalized support and a robust technology platform, TriNet empowers businesses to streamline HR processes, allowing them to redirect their focus toward driving growth and nurturing their workforce.
3. Gusto
Founded in 2012 under the name ZenPayroll, Gusto has emerged as a leading provider serving over 300,000 businesses across the United States, and processing tens of billions of dollars in payroll annually. Gusto goes beyond mere financial transactions by offering comprehensive employee benefits such as health insurance and 401(k) accounts, all aimed at fostering exceptional workplaces.
Based in San Francisco, CA, with approximately 2,700 employees, Gusto operates with a mission to simplify HR processes through its integrated platform. By automating payroll, benefits, and HR tasks, Gusto enables businesses to focus on their core operations while ensuring both employers and employees experience peace of mind.
4. Personio
Personio serves as the quintessential people operating system for small and midsize enterprises, with a staff of 1,800 that represents 88 nationalities. Headquartered in Munich, the company has offices spanning global hubs such as London, Madrid, Dublin, Berlin, Barcelona, New York, and Amsterdam. With a mission to optimize HR operations, Personio offers an all-inclusive HR software suite encompassing human resources management, recruiting, talent management, and payroll services. Their innovative approach, fueled by people workflow automation, has empowered over 10,000 organizations across Europe to streamline processes and capitalize on opportunities, freeing HR professionals from administrative burdens to prioritize people-centric initiatives.
Recently, Personio has expanded its offerings to include cutting-edge productivity and employee experience features, epitomized by an AI-powered chatbot and a compliant whistleblowing app. Additionally, the launch of Voyage by Personio underscores their commitment to fostering continuous learning among HR professionals within European SMEs.
5. Phenom
Headquartered in Ambler, PA, Phenom is at the forefront of delivering AI-powered talent experiences to global enterprises. Its suite of innovative products, including the Phenom career site, chatbot, and video assessments, empowers over 500 diverse and global enterprises to streamline their recruitment processes. Through Phenom's intelligent talent experience platform, candidates find opportunities faster, employees develop their skills, recruiters enhance productivity, and managers build stronger teams.
Phenom’s 1,600 employees are changing the way employers attract, engage, and retain top talent, by connecting candidates, employees, recruiters, and HR professionals. With a commitment to leveraging AI technology, Phenom is driving innovation in the field of talent acquisition and management.
6. BambooHR
Founded in Lindon, UT, in 2008, BambooHR simplifies complex HR processes, allowing focus on nurturing talent and fostering growth. Recently, BambooHR unveiled new solutions, including a streamlined payroll experience, reducing tedious tasks by 80%, and an expanded HRIS featuring an employee community and total rewards module. The introduction of benefits administration further enhances user experience, facilitating swift and easy employee enrollment.
With a customer base exceeding 34,000 and serving over three million employees, BambooHR stands as a frontrunner in HR software. Its cloud-based system offers an intuitive and cost-effective solution for managing vital employee data, liberating HR professionals to pursue strategic endeavors. Renowned clients such as SoundCloud, Foursquare, and Reddit, collectively spanning 100 countries and 8 languages, attest to BambooHR's global impact in reshaping HR practices.
7. Justworks
Justworks, a pioneering technology company headquartered in New York City, provides software and support to streamline operations and empower teams. Offering a flexible platform, Justworks enables businesses to efficiently manage payroll, tax, HR, and compliance needs while providing access to high-quality benefits and on-demand expertise. By combining a user-friendly platform with 24/7 human support, Justworks simplifies the complexities of workforce management, allowing businesses to focus on growth and innovation.
Justworks' merger agreement with Via demonstrates its dedication to global solutions for small businesses. With the launch of a new standalone payroll product, Justworks continues to support the growth and confidence of small businesses worldwide.
8. iCIMS
Established in 1999 in Holmdel, NJ, iCIMS is a leading provider of talent acquisition technology that enables organizations everywhere to hire great people efficiently. For more than two decades, iCIMS has provided organizations with tools to meet their evolving needs across the talent journey. The company’s thousands of customers worldwide, which include 25% of the Fortune 500, enabled their customers to make 5.5M+ hires in 2023.
iCIMS’ AI-powered hiring platform is designed to drive efficiency, cut recruiting costs, and build exceptional experiences for candidates and recruiters throughout every stage of workforce hiring. The company recently announced its iCIMS Copilot, next-gen job site integrations, and enhancements across the iCIMS Talent Cloud. According to Nucleus Research, iCIMS’ highly configurable workflows enable its customers to save an average of 70% in IT time.
9. isolved
isolved, offers a blend of software and services tailored for today’s HR, payroll, and benefits professionals, referred to as “people heroes.” With a comprehensive suite spanning talent acquisition, workforce management, and talent management, isolved serves over six million employees and 168,000 employers nationwide. These solutions drive productivity, expedite decision-making, and ensure peak performance while mitigating risks.
At the heart of isolved is their People Cloud, an intelligently interconnected platform that streamlines the entire employee journey. This design empowers organizations to effectively engage, energize, and empower their workforce, liberating “people heroes” to surpass objectives and advance their careers. In response to the evolving landscape, isolved recently introduced innovative compensation analytics and talent intelligence products. These additions underscore isolved's commitment to assisting companies in navigating the complexities of modern hiring and retention challenges.
10. HiBob
HiBob is reshaping organizational dynamics for the contemporary workforce through its revolutionary and highly intuitive HR platform, "Bob." Embracing the ethos of empowerment and authenticity since its inception in late 2015, HiBob has cultivated a global community driven to innovate exceptional HR systems. Known for being differentiated by its user-friendliness, simplicity of use, and modular approach, HiBob has received numerous awards and accolades for its people management system.
With a commitment to agility, adaptability, and resiliency, HiBob continually evolves its offerings, which currently include culture, HR automation, DE&I, and pay transparency modules. Notable strategic moves include the acquisition of U.K.-based payroll automation platform Pento, $150M in funding, and collaborations with industry leaders like Papaya Global and Mercer.
11. WorkForce Software
WorkForce Software, headquartered in Livonia, MI, is a global provider of workforce management solutions, offering integrated employee experience capabilities through its WorkForce Suite. Tailored to meet the unique needs of organizations, the suite adapts to diverse pay rules, labor regulations, and schedules, providing a convenient employee experience wherever work takes place. By partnering with innovative enterprises worldwide, WorkForce Software optimizes workforce management, ensures compliance, and enhances employee engagement, fostering resilience and performance–whether managing remote or office-based workers, full-time, part-time, or seasonal employees.
Recent collaborations with SAP Insider and the launch of pre-built integrations leveraging SAP Business Technology Platform highlight WorkForce Software's dedication to advancing workforce efficiency and technological innovation.
12. Arcoro
Arcoro, established in 2018 in Los Angeles, CA, specializes in HR for construction companies, offering tailored solutions to address the unique challenges faced by the industry. Arcoro's modular HR platform seamlessly integrates the field with the back office, providing comprehensive support to construction workers throughout their employment journey, from recruitment to retirement. Arcoro's applicant tracking system (ATS) enables construction companies to recruit and staff top talent efficiently, with features such as posting job openings on leading job boards and creating branded career pages. The platform also helps build a talent pool for future needs while ensuring compliance with regulatory requirements, reducing the risk of legal issues.
Additionally, Arcoro simplifies employee onboarding processes, accommodating work environments ranging from home to the construction site. With a focus on compliance and regulations, Arcoro assists companies in adhering to labor laws and safety regulations, which is crucial for the construction sector's highly regulated environment. Through its comprehensive HR software, Arcoro empowers construction companies of all sizes to navigate workforce management effectively and sustainably.
13. Oyster HR
Founded in 2019, Oyster focuses on global employment accessibility for both companies and skilled workers. The company helps organizations acquire talent in over 180 countries and thrive in the interconnected marketplace. It works to streamline the process of hiring, paying, and supporting exceptional talent worldwide via a fully distributed team spanning more than 60 countries. The company is continually expanding its reach to facilitate seamless international hiring.
The company prides itself on being the sole global employment solution equipped with compliant, automated hiring processes and in-depth local expertise. Oyster has positioned itself as a partner committed to enabling businesses with global employment needs. Its recent integration with NetSuite and Xero demonstrates its focus on simplifying global payroll processes.
14. Asure Software
Asure Software was founded in 1985 and is headquartered in Austin, TX. With a focus on human capital management (HCM), it operates with an entrepreneur and executive mindset, understanding the needs of over 60,000 small and midsized businesses. By guiding companies to develop their "human capital," Asure enables them to maintain compliance, and strategically invest time, money, and technology for growth. The company’s comprehensive Asure HCM solution comprises Asure Payroll & Tax, Asure HR, and Asure Time & Attendance, catering to diverse HR needs. Furthermore, Asure HRServices offers a spectrum from online compliance tools to fully outsourced HR departments.
In a recent development, Asure has forged a partnership with Key Benefit Administrators, introducing the Proactive Health Management Plan (PHMP) to its clients. This collaboration enhances Asure's commitment to providing holistic solutions and underscores its dedication to supporting the well-being of its clientele.
15. GoCo.io
Founded in 2015 and headquartered in Houston, TX, GoCo.io is streamlining the all-in-one HR experience with a modern, user-friendly design and top-rated client support, serving customers nationwide. GoCo.io's achievements are significant in the industry, distinguishing them from competitors. The company prioritizes a personalized approach by assigning a dedicated team of named contacts for each client throughout their lifecycle. This 100% U.S.-based team also offers genuine human connection with a reachable phone number, eschewing impersonal 800 numbers, offshoring, chatbots, or AI in client interactions.
GoCo.io's newest product features include an AI-powered knowledge base that acts like a ChatGPT for HR policies, and advancements in document management, expense management, scheduling and time tracking, and team survey capabilities.
16. Pipefy
Pipefy, founded in 2015 by Alessio Alionço is a platform that provides efficient workflow management. From its inception, Pipefy prioritized user empowerment, providing teams with control over operations, centralized requests, and improved visualization. Its rapid growth reflects market demand for better process management solutions, with over 215 countries adopting Pipefy, including industry giants like Visa, IBM, and Coca-Cola.
Pipefy's strength lies in its adaptability and ease of deployment. Users can quickly customize complex processes with hundreds of pre-built templates, reducing setup time from months to minutes. Automation and integration capabilities further streamline operations, enabling teams to focus on value addition. The recent launch of an AI-powered HR automation solution underscores Pipefy's commitment to enhancing the employee experience and solidifies its position as a leading provider of business process automation platforms across various industries, including IT, finance, HR, and customer operations.
17. SmartRecruiters
SmartRecruiters has emerged as a next-generation hiring operating system for over 4,000 esteemed customers, including industry giants like Bosch, LinkedIn, Skechers, and Visa. Companies with critical hiring needs turn to SmartRecruiters for its best-of-breed functionality, top-tier support, and robust ecosystem of third-party applications and service providers. Millions of candidates are processed annually on SmartRecruiter’s platform
Notably, SmartRecruiters has leveraged its expertise to initiate "reverse recruiting" as part of its corporate social responsibility efforts. This groundbreaking initiative extends assistance to job seekers facing barriers to stable, long-term employment, such as immigrants, veterans, formerly incarcerated individuals, parents and caregivers returning to work, and senior citizens. Since its inception in February 2019, Reverse Recruiting has evolved into a global movement, spreading through live workshops. Nearly 1,000 individuals have benefited from connections with 500 recruiters representing diverse companies, receiving support to enhance their resumes, sharpen interview skills, and refine their personal brands.
18. Fountain
Founded in 2014 and headquartered in San Francisco, CA, Fountain focuses on the hiring process for hourly workers. Recognizing the unique needs of this segment of the workforce, Fountain has emerged as the premier platform for recruiting and onboarding frontline employees. Fountain provides an efficient and effective experience for recruiters and applicants, utilizing cutting-edge AI technology and prioritizing customer service. The platform has processed over 30 million applications annually, resulting in more than 14 million hires across more than 75 countries.
Recent advancements include the introduction of Fountain Onboard and Fountain Compliance, ushering in a new era of workforce management. Additionally, strategic partnerships, such as the collaboration with Sterling for background screening, further solidify Fountain's position as an industry leader. Through innovations like the acquisition of Clevy to enhance AI capabilities, Fountain continues to empower organizations across various sectors to optimize their recruitment, onboarding, and retention processes.
19. Homebase
Established in 2014 in San Francisco, CA, and funded by a group of seven venture capital investors including Bain Capital, Khosla Ventures, and GGV Capital, Homebase is an all-in-one team management app for small businesses. Its platform provides solutions for business-related areas that include scheduling, time clocks, payroll, communication, hiring, onboarding, and compliance. Homebase is designed so that small businesses don’t need an accountant or HR expert to use it.
Homebase is also designed for the specific needs of hourly work, helping small business owners gain control of day-to-day work by automating scheduling, time tracking, and payroll along with all-in-one team management and HR. The company has over 100,000 small business customers in the U.S., Australia, and the U.K. and 2 million users.
20. Workstream
Headquartered in San Francisco, CA, workstream is an HR management platform tailored for the hourly workforce. Trusted by over 20,000 franchise businesses, Workstream's suite of tools revolutionizes HR operations. Its smart technology automates tasks, streamlines hiring processes, and enhances operational efficiency, enabling businesses to attract serious workers and foster longer-term retention.
Workstream continues to innovate with their recent launch of the first multilingual AI chatbot for hourly workforce management underscores their commitment to accessibility and efficiency. Leveraging AI-assisted technology, Workstream's platform simplifies back-office and team operations for growing businesses, facilitating better management, retention, and engagement of hourly workers.
21. Betterworks
Betterworks, established in 2011 in Menlo Park, CA, enables companies to transition toward intelligent performance management that drives employee engagement, increases manager effectiveness, and aligns workforces. The company incorporates goal setting, manager-employee conversations, feedback, employee engagement, and recognition - all accessible in applications employees use daily, like email, calendar, and messaging apps.
Betterworks modules capture structured and unstructured data to provide HR with both comprehensive and granular views of employee performance. This enables managers to easily coach employees in both performance and career development, continuously improving performance and elevating the employee experience.
22. Hireology
Founded in 2010 in Chicago, IL, Hireology has streamlined traditional, disjointed recruitment processes into a unified platform. Catering predominantly to multi-location businesses with a high demand for skilled labor, Hireology provides industry-leading recruitment automation complemented by strong customer support. The company’s reach spans diverse sectors, including automotive, hospitality, healthcare, and professional services, with over 10,000 businesses using Hireology to assemble their teams.
Notable milestones include strategic partnerships, substantial funding rounds, and the introduction of groundbreaking innovations like Beaker, the AI-powered recruiting assistant. Hireology remains steadfast in its commitment to prioritizing people throughout the hiring and HR processes, earning recognition as the premier “people-first” recruiting and HR platform.
23. Perceptyx
Perceptyx, founded in 2003 in Temecula, CA, empowers organizations to craft bespoke employee experience (EX) strategies. Clients can tailor their employee listening approach, selecting the type, channel, and frequency that best suits their needs, using Perceptyx's expert assistance in translating data into actionable insights and nurturing managerial leadership. Over 600 leading enterprises, including a significant portion of the Fortune 100, have adopted Perceptyx's multi-channel listening and AI-driven recommendations.
Recent developments include the introduction of AI-powered insights and the strategic acquisition of behavioral science pioneer Humu. Recognized in the industry as a strategic leader in the talent and people success sector, Perceptyx facilitates seamless alignment of business and talent objectives for positive organizational change.
24. iHire
iHire, a leading career-oriented platform, operates 57 specialized talent networks including WorkInSports, iHireVeterinary, and iHireConstruction. Established in 1999 in Frederick, MD, iHire's dedicated experts ensure businesses secure the most qualified candidates by blending advanced job matching technology with talent acquisition expertise to connect job seekers and sector-specific employers efficiently. The company’s industry-specific, candidate-centric, data-driven approach streamlines job searches and empowers employers to find top talent quickly.
Recently iHire expanded its outsourced recruitment services, offering end-to-end talent recruitment support from candidate sourcing to onboarding. It also released its fifth annual 2023 Talent Retention Report, sharing the results of its survey of more than 4,100 U.S. workers and employers from 57 industries.
25. HireRoad
HireRoad, headquartered in Arlington, VA, provides solutions to change the approach to hiring and onboarding. At the core of HireRoad's offerings is its powerful software, PeopleInsight, designed to facilitate the recruitment process by connecting organizations with candidates possessing the right skills and cultural fit. Moreover, the innovative platform extends support beyond the hiring phase, streamlining the onboarding and training processes to empower new employees for success in their roles. By unifying HR analytics and providing actionable insights, HireRoad enables organizations to harness the full potential of their workforce, driving business growth and innovation.
Recent developments at the company include the appointment of John Federman, a seasoned leader with over twenty-five years of CEO experience in innovative software companies, as CEO. The company also received a 2023 HR Tech award.
