Hourly provides a payroll and time-tracking platform that integrates real-time wage data with workers' compensation insurance, ensuring accurate premium calculations and seamless billing. This solution eliminates unexpected costs and simplifies payroll processing for business owners, allowing them to manage employee hours and payments efficiently.
Funding
$39M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many businesses, especially those with hourly workers, face challenges in accurately tracking labor costs for payroll and workers' compensation insurance. Traditional methods often rely on manual time sheets and retrospective calculations, leading to errors, unexpected premium adjustments, and time-consuming reconciliation processes.
Solution
Hourly offers a unified platform that combines payroll, time tracking, and workers' compensation insurance, providing real-time wage data for accurate premium calculations. By integrating these functions, Hourly eliminates the guesswork associated with workers' comp, ensuring businesses only pay for the coverage they need. The platform automates payroll processing, simplifies time tracking with GPS capabilities, and offers HR functionalities, all accessible in one place. This integration helps businesses avoid unexpected costs, streamline administrative tasks, and gain better control over their labor expenses.
Target Audience
Hourly primarily targets small to medium-sized businesses with hourly employees, particularly those in industries such as construction, maintenance and repair, transportation, manufacturing, landscaping, sanitation, food service, and energy services.
Features
- Real-time time tracking with GPS location data
- Integrated payroll processing with direct deposit
- Automated workers' compensation premium calculations based on actual wages
- Mobile app for employees to track time and location
- HR tools for managing employee information and compliance
- Reporting and analytics dashboard for labor cost visibility
- Integration with existing accounting software