Workstream

About Workstream

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.

<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. </problem> <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. </solution> <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 </features> <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. </target_audience>

What does Workstream do?

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.

Where is Workstream located?

Workstream is based in Daly City, United States.

When was Workstream founded?

Workstream was founded in 2023.

How much funding has Workstream raised?

Workstream has raised 120500000.

Who founded Workstream?

Workstream was founded by Desmond Lim.

  • Desmond Lim - Co-Founder/CEO
Location
Daly City, United States
Founded
2023
Funding
120500000
Employees
243 employees
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Workstream

Score: 100/100
AI-Generated Company Overview (experimental) – could contain errors

Executive Summary

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.

workstream.us10K+
cb
Crunchbase
Founded 2023Daly City, United States

Funding

$

Estimated Funding

$120.5M+

Team (100+)

Desmond Lim

Co-Founder/CEO

Company Description

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.

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

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.

Workstream - Funding: $100M+ | StartupSeeker