Workstream is a centralized HR, payroll, and hiring platform specifically designed for the hourly workforce, enabling businesses to manage hiring, payroll processing, and employee engagement efficiently. By automating administrative tasks and providing real-time data access, Workstream helps reduce labor costs and streamline operations for franchise and business owners in industries like restaurants and retail.
Funding
$120.5M 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
Businesses with hourly workers, especially in industries like restaurants and retail, face challenges in managing HR tasks, processing payroll accurately, and maintaining high employee engagement due to administrative overhead and decentralized systems. These inefficiencies lead to increased labor costs, operational complexities, and potential compliance issues.
Solution
Workstream provides a unified HR, payroll, and hiring platform designed specifically for businesses that rely on hourly workforces. The platform streamlines HR processes by centralizing tasks such as active sourcing, applicant tracking, onboarding, and secure record management. It automates payroll processing, including full-service payroll options and employee experience tools, while also offering features to enhance employee engagement through surveys and communication channels. Workstream's time and scheduling tools further optimize labor costs, offering functionalities like time clocks and shift scheduling.
Target Audience
Workstream primarily targets franchise and business owners in industries with large hourly workforces, such as restaurants, hospitality, automotive, healthcare, manufacturing, warehousing, and retail.
Features
- Active sourcing tools to identify and attract hourly workers
- Applicant tracking system (ATS) to manage candidates through the hiring pipeline
- Multilingual hiring support to broaden the applicant pool
- Automated screening processes to filter candidates based on qualifications
- Full-service payroll processing with tax calculations and compliance
- Employee engagement tools, including surveys and communication features, to improve retention
- Time clock and shift scheduling functionalities to optimize labor costs
- Secure digital storage for employee records and documents
- Streamlined onboarding workflows to quickly integrate new hires
- Team view for real-time insights into workforce management
- Benefits administration to manage employee benefits and compliance
- Integration with third-party applications like ADP and Checkr