The Top HR Software SaaS Companies

As of Jan 2020, these 229 SaaS companies are the largest in the HR Software space. (Click to apply)

This list tracks the largest private B2B HR Software SaaS companies by revenue. In total, this list features 229 companies with combined revenues of $6.8B.

These companies have raised a total of $521.3M. Together, these HR Software saas companies serve 709M customers and employ over 29K on their teams.

$0 - $1M ARR
  1. Empxtrack $990.0K
  2. Sympa-HR $990.0K
  3. Kaybus $989.6K
  4. Trakstar $988.5K
  5. 10 By 10 $980.0K
$1M - $5M ARR
  1. Talocity $4.9M
  2. PrismHR $4.6M
  3. Neocase $4.6M
  4. Anaek $4.5M
$5M - $10M ARR
  1. 15Five $10.0M
  2. Truveris $9.8M
  3. Apptivo $9.6M
  4. Kenoby $9.5M
  5. Kallidus $9.3M
  1. 01
    CIPD Jersey Branch

    CIPD Jersey Branch

    HR Software

    We aim to promote championing better work and working lives by providing opportunities locally to members and non-members to assist businesses shape the future of people management. Jersey is an active branch with a varied programme of events and activiti

    $3B

    150K

    947

    1913

    HR Software

  2. 02
    Ultimate-Software

    Ultimate-Software

    HR Software

    Ultimate Software is an American technology company that develops and sells UltiPro, a cloud-based human capital management software system for businesses.

    $1B

    $13M

    6K

    5K

    1990

    HR Software

  3. 03
    PeopleStrong

    PeopleStrong

    HR Software

    Comprehensive HR Tech for enterprises comprising of Talent Acquisition, Talent Management, and Human Capital Management.

    $900M

    500K

    1K

    2006

    HR Software

  4. 04
    Thumbtack Technology

    Thumbtack Technology

    Hr Software

    We design and build high-speed high-volume systems to meet the most demanding business goals.

    $100M

    $423M

    1K

    2009

    Hr Software

  5. 05
    Ascender Group

    Ascender Group

    HR Software

    Ascender Group is a provider of payroll service intended to deliver human capital management services. The company offers consolidated reporting in the currency and language. It provides tailored services that are fully managed enabling clients to tackle v

    $100M

    $100M

    768

    2003

    HR Software

  6. 06
    Gusto

    Gusto

    HR Software

    Gusto develops web-based payroll solution for small- and medium-sized businesses. It operates an online platform that provides payroll, benefits, human resources, and integration services for employers and employees in the United States. Gusto offers healt

    $100M

    $516M

    1M

    1K

    2011

    HR Software

  7. 07
    Hotschedules

    Hotschedules

    HR Software

    Our software is designed to automate operational challenges like recruiting, training, scheduling, business intelligence, shift communication, labor and inventory management. Our world-class products include HotSchedules, HotSchedules Recruit, HotSched...

    $100M

    160K

    600

    2000

    HR Software

  8. 08
    Meta4

    Meta4

    HR Software

    Drive talent at your organization Meta4 offers you a state-of-the-art solution for HR management in your organization to identify, attract and retain talent among your employees. Boost your company’s productivity with one of the top world-class H...

    $88M

    1K

    941

    1991

    HR Software

  9. 09
    ZingHR

    ZingHR

    HR Software

    An Enterprise HCM platform for the betterment of workforces covering the entire spectrum from Onboarding to Exit and beyond.

    $81M

    55K

    149

    2002

    HR Software

  10. 10
    Predictiveindex

    Predictiveindex

    HR Software

    PI helps managers increase engagement through understanding their employees. Learn how to refine your company, grow your team, and develop leaders with PI.

    $80M

    $71M

    8K

    367

    1955

    HR Software

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What are the fastest growing companies doing?

83 of the fastest growing companies that also have the most revenue have a clear expansion revenue strategy. On average, sales reps are selling plans where starting contract value is $4,606.

Those same companies employ 1,678 sales reps that carry a quota. The most common compensation plan used by these companies is a 1:5 ratio of sales rep on target earnings (OTE) to quota. Meaning if a rep can earn $200k in base and commissions, quota target for that year is set at 5x, or $1m in new ARR closed.

If you’re going to build a high growth SaaS company, you need to figure out how to scale with quota carrying sales reps.

Which CEO’s are the most efficient capital allocators?

We can measure this a variety of ways. Which company has the most revenue per employee? What about dollars in revenue compared to dollars raised? What about time, which founder went from $0 to $10m the fastest?

Looking deeper at dollars in revenue compared to dollars raised, bootstrappers take the cake because they self fund (denominator zero). When we look at companies that have raised at least $1m, Actito is the clear winner generating $21m in revenue, growing 100% yoy, on just 1m raised ($.05 dollars raised for every $1 of revenue).

Omnisend comes in a close second with $.08 dollars raised for every dollar of revenue. Doing $19m as of December 2020. Proposify gets honorable mention with $0.46 dollars raised (3.25m) for every dollar of revenue ($7m).

The worst performers here are companies like YayPay with $3.68 dollars raised ($14m) per dollar of revenue ($3.8m). Many of the worst performers just did a round of funding and haven’t had a chance to deploy to drive growth yet. That makes this data less valuable but still illustrative.