ThinkHR Strengths, Domain Expertise, and Key Differentiators
ThinkHR combines advisor expertise with innovative technology and comprehensive and instructional content to help organizations address all potential people risks, including guidance on preparing for and managing those risks. The People Risk Management solution (PRM) helps ThinkHR partners strengthen their client relationships and win more business. HR professionals use ThinkHR tools to be more effective in their roles, while all employers benefitting from the crisis averted with ThinkHR end-to-end people risk management solution.
Founded in 2005 by insurance, HR, and technology veterans, ThinkHR enables partners to easily integrate HR knowledge into their products and services for human capital management (HCM), thus accelerating their time to market and increasing value to their customers. ThinkHR’s PRM features hundreds of thousands of answers to HR compliance issues, plus in-depth training courses, newsletter content, HR tools, and an employee handbook builder, all of which are supported by access to live advisors who help HR and business leaders manage complex workforce issues.
ThinkHR Recent Developments
In August 2019, ThinkHR published details of Learn 3.0, the third generation release of its learning management system. Learn 3.0 brings together technology, content and subject-matter expertise to help employers engage and develop their employees through online training programs.
ThinkHR’s Learn 3.0 was driven by customer input and analytics, designed and developed in-house through a unique collaboration between the company’s technology and human resources experts. With its latest upgrade, ThinkHR’s platform is positioned for future growth and immediately provides employers with industry-leading security and performance assurance, as well as an enhanced customer experience.
In February 2019, ThinkHR launched the world’s first technology-powered People Risk Management (PRM) suite. ThinkHR People Risk Management will give organizations a combination of content, practices, and access to live expertise from the company’s experienced advisory team. As a result, customers will be able to materially reduce the risks inherent to the management of people and culture.
ThinkHR Mergers and acquisitions (M&A) Activities
In July 2019, ThinkHR and Mammoth HR, merged creating the category leader to drive innovation for clients and partners across the country. The merger will enable the combined company to expand its best-in-class product and service offerings, leverage complementary capabilities and expertise, deliver more value to customers through technology, and bring new, cutting-edge solutions to the market.
ThinkHR and Mammoth bring together technology, content, and subject matter expertise to help employers manage their compliance responsibilities and engage their people. The merger is highly complementary and combines ThinkHR’s leadership in the insurance market with Mammoth HR’s depth and breadth in the payroll and human capital management (HCM) software markets.
Collectively, the companies support more than 350,000 employers nationwide through a network of more than 1,700 partners in the insurance, payroll, HCM software, and professional employer organization (PEO) industries. Mammoth CEO, Nathan Christensen, is the new CEO of the combined company. ThinkHR CEO, Larry Dunivan, will move into the position of Executive Chairman.
ThinkHR Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying ThinkHR applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of ThinkHR and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified ThinkHR PRM, ThinkHR Learn customers.
Ownership: - x
Number of Employees: 170
Functional Market: Compliance,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith Based Nonprofit, Youth and Elderly Care Nonprofit, Special Cause Nonprofit, Oil and Gas, Professional Services, Retail, Transportation, Utilities,
ThinkHR Key Cloud and HCM Applications
ThinkHR PRM, ThinkHR Learn
ThinkHR HCM and Cloud HCM Applications Revenues, $M:
|Type/Year||2018||2019||YoY Growth, %|
|Total Revenues, $M||Subscribe||Subscribe||Subscribe|
|HCM Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud HCM Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
ThinkHR Revenue Breakdown by Type:
|Type||License||Services||Hardware||Support & Maintenance||SaaS|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe|
ThinkHR HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets
2019 HCM Revenues, By Sub-Functional Markets, $M
ThinkHR HCM Applications Revenues By Verticals, $M:
ThinkHR Total and HCM Applications Revenues by Region:
|Region||% of Total Revenues||2019 Total Revenues, $M||2019 HCM Applications Revenues, $M|
ThinkHR Direct vs Indirect sales
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ThinkHR Customers - Breakdown by Geo, Size, Vertical and Product
No. of ThinkHR Customers: 1700
No. of ThinkHR HCM Applications Customers: x
No. of ThinkHR Cloud HCM Customers: x
No. of ThinkHR Cloud HCM Subscribers: 350000
Located in the San Francisco Bay Area, ThinkHR serves over 1,700 partners, including many of the largest insurance brokerage firms in the U.S., multiple payroll vendors, and insurance carriers. We also provide our PRM solution to more than 350,000 businesses employing millions of people across the nation
In October 2019, ThinkHR shared new details about its expanded relationship with Namely, a leading HR platform for mid-sized companies. Together, their partnership will make available the complete ThinkHR People Risk Management Solution to Namely customers. Namely’s customers will access ThinkHR through platform integration for a seamless user experience.
In May 2019, ThinkHR partnered with PrismHR, to offer its solution to PrismHR’s HRO customers and their SMB clients through the PrismHR Marketplace. Accessible via single sign-on, the addition of ThinkHR drives new business opportunities for HROs and PEOs by improving process efficiencies and freeing resources for relationship management.
ThinkHR Market Opportunities, M&A and Geo Expansions
In February 2020, as a result of the previous combined entity of ThinkHR and Mammoth, ThinkHR published enhancements to Learn, ThinkHR’s learning management system used for course administration, program management, compliance training, and reporting.
Included with Learn’s premium course packages, Workplace Harassment Prevention and Workplace Safety, the custom course upload feature enables employers to upload their custom content and create a learning experience that is specific to their industry or requirements. Managed, assigned, and chronicled using Learn’s course tools, this new functionality allows for a single repository for all learning.
In September 2019, ThinkHR proclaimed the next generation of its Living Handbook. Developed in collaboration with leading PEO experts, this version of the Living Handbook was designed to ensure compliance and enable better efficiency and collaboration for PEOs and their clients. ThinkHR has helped create more than 132,500 handbooks for organizations across the U.S.
ThinkHR Risks and Challenges
In March 2020, as a result of the combined entity of ThinkHR and Mammoth, Carla Yudhishthu was appointed as Vice President of People Operations. Yudhishthu brings more than 20 years of experience in human resources and talent acquisition to the role, where she will drive organizational and leadership development around the companies’ people strategy.
ThinkHR Ecosystem, Partners, Resellers and SI
ThinkHR does mostly direct sales.
ThinkHR Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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