Workable Strengths, Domain Expertise, and Key Differentiators
Workable's strengths lie in several key areas that set it apart in the competitive landscape. Firstly, its domain expertise is unparalleled, with a comprehensive understanding of the intricacies of recruitment processes across diverse industries. This deep understanding allows Workable to tailor its solutions to meet the unique needs of each client, ensuring a personalized and effective user experience. The key differentiators for Workable are reflected in its commitment to continuous improvement and adaptability. The company's product portfolio is a testament to its dedication to staying ahead of industry trends, offering a suite of tools that not only addresses current challenges but also anticipates future needs.
Workable Recent Developments
In the fast-paced world of Information Technology, staying ahead of the curve is imperative for industry players. July 2019 marked a significant milestone for Workable as they unveiled Workable 2.0, a transformative leap into the future of hiring. This strategic move positions Workable as a trailblazer in the HR tech space, showcasing their commitment to innovation and addressing the evolving needs of businesses. The unveiling of Workable 2.0 garnered widespread attention in the tech community, with industry insiders lauding the platform's enhanced features and capabilities.
Workable Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Workable 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 Workable 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 Workable, customers.
Workable Overview
Ownership: - Zouk Capital, Balderton Capital, Notion Capital, 83North (formerly Greylock IL), Openfund
Number of Employees: 280
Functional Market: Compliance, Sourcing, Onboarding, Recruiting, Applicant Tracking Systems,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, 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, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Workable Key Cloud and HCM Applications
Workable,
Workable HCM and Cloud HCM Applications Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| 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.
Workable Revenue Breakdown by Type:
Workable HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets | % of HCM Revenue in the HR Segment | 2023 HCM Revenues, By HR Segment, $M | |
Workable HCM Applications Revenues By Verticals, $M:
Workable Total and HCM Applications Revenues by Region:
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 HCM Applications Revenues, $M |
|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe |
Workable Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Workable Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Workable Customers
No. of Workable Customers: 27000
No. of Workable HCM Applications Customers: 27000
No. of Workable Cloud HCM Customers: x
No. of Workable Cloud HCM Subscribers: 1.5 million
Workable's expansive global footprint extends across 160+ countries, positioning it as a truly international player in the IT industry. This remarkable reach signifies the company's commitment to providing innovative HR solutions on a global scale. With a staggering customer base exceeding 27,000 organizations, Workable stands as a testament to its widespread adoption within the IT sector. The scale of its customer base underscores the platform's adaptability and scalability, meeting the diverse needs of both small startups and large enterprises.
Workable Market Opportunities, M&A and Geo Expansions
Workable's strategic prowess is highlighted by its ability to secure significant venture financing. The company initially raised $34 million from notable investors such as Balderton Capital, Notion Capital, 83North (formerly Greylock IL), Openfund, and various angel investors. This influx of capital undoubtedly positions Workable as a formidable player in the competitive HR tech market. The subsequent injection of an additional $50 million in growth financing further underscores investor confidence in the company's vision and potential.
The integration with LinkedIn positions Workable at the forefront of cloud-driven innovations. Cloud computing, with its on-demand availability of computer system resources, allows for seamless scalability and flexibility. By tapping into this technology, Workable has the potential to enhance its overall infrastructure, ensuring optimal performance, and swift adaptation to changing market dynamics.
Workable Risks and Challenges
Despite the promise of disruptive technologies, the startup faces both internal and external risks in the fiercely competitive eRecruiting marketplace. Internally, managing rapid scaling and maintaining quality control amidst growth can be challenging. Externally, market saturation, evolving regulatory landscapes, and unforeseen technological disruptions pose additional threats. Go-to-market challenges include effectively communicating the value proposition amid competition and ensuring a seamless user experience.
Workable Ecosystem, Partners, Resellers and SI
In a world where collaboration is key, partnerships play a pivotal role in shaping the IT ecosystem. The synergy between technology integrations and ecosystem partnerships creates a network effect that amplifies the impact of innovations. Workable's recent partnership with the Diversity Marketing Consortium (DMC) exemplifies the industry's commitment to Diversity, Equity, and Inclusion (DEI). This collaboration not only underscores the social responsibility of tech companies but also highlights the role of System Integrators and Value Added Resellers in fostering positive change.
Workable's strategic alliances with industry giants and popular HR tools have birthed a robust ecosystem, heralding a new era in collaboration. Through seamless integrations with skills tests, video interviews, background check providers, and onboarding solutions, Workable ensures a holistic approach to the recruitment lifecycle. This collaborative paradigm not only simplifies the HR workflow but also optimizes the user experience.
Workable's collaboration with Click Boarding doesn't just impact the two entities involved; it resonates across the broader ecosystem of System Integrators and Value-Added Resellers. As these partners integrate the comprehensive talent acquisition solution into their portfolios, the network effects amplify, creating new opportunities for synergistic collaborations and business growth.
Workable Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- Workable Public Cloud and Infrastructure (IaaS)
- Workable Platform (PaaS)
- Workable Application Delivery
- Workable Private Cloud and Data Centers
Research Methodology
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).
For additional information on our methodologies, here's the link:
https://www.appsruntheworld.com/taxonomy
https://www.appsruntheworld.com/FAQ
