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As of Jan 2020, these 46 SaaS companies are the largest in the Human Resources Software space.

The Top Human Resources Software SaaS Companies

This list tracks the largest private B2B Human Resources Software SaaS companies by revenue. In total, this list features 46 companies with combined revenues of $108.7M.

These companies have raised a total of $172.9M. Together, these Human Resources Software saas companies serve 379K customers and employ over 4K on their teams.

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Highlights

Top SaaS Companies with $5 - $10M ARR


Top SaaS Companies with $10M+ ARR


02
B
Broadbean

Human Resources Software

Broadbean Broadbean develops software for the recruitment and staffing industry, aimed at cutting costs & time.

$16M
-
230K
377
2001
United Kingdom
03
T
Toptal

Human Resources Software

Toptal is a global network of top talent in business, design, and technology that enables companies to scale their teams, on demand.

$15M
-
1K
2K
2010
United States
04
V
Volcanic

Human Resources Software

Volcanic is a recruitment and staffing website software supplier.

$9M
-
-
178
2010
United Kingdom
05
SHR
SeamlessHR

Human Resources Software

End-to-end, modern cloud-based HR platform for emerging markets.

$5M
$12M
-
98
2018
Nigeria
06
WS
WorkStep

Human Resources Software

WorkStep helps industrial companies hire and retain their hourly workforce.

$4M
$42M
-
48
2017
United States
07
K
Kenoby

Human Resources Software

Kenoby is a recruitment and selection platform (ATS) that connects recruiters, managers, and candidates

$4M
$5M
1K
88
2014
Brazil
08
O
Olachau

Human Resources Software

A Popular Time & Attendance solution serving global companies of all sizes.

$3M
-
1K
43
2017
Brazil
09
PS
PeopleSpheres

Human Resources Software

PeopleSpheres is to bringing you the future of HR NOW, through their best-in-class HR Platform as a Services (PaaS).

$3M
$10M
250
77
2018
France
10
SC
StaffCircle

Human Resources Software

StaffCircle provides a performance management and culture platform to help companies manage and motivate their remote employees.

$3M
$8M
-
50
2017
United Kingdom
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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.