Workhuman Strengths, Domain Expertise, and Key Differentiators
Workhuman is a provider of integrated social recognition and continuous performance management platform. Workhuman applications are shaping the future of work by helping organisations connect culture to shared purpose. With a consistent stream of gratitude fueling unparalleled, provocative workplace data and human insights, Workhuman Cloud is a critical software engine for global companies seeking to motivate and empower their people to do the best work of their lives. Formerly known as Globoforce and now doing business as Workhuman, founded in 1999 and are co-headquartered in Framingham, Massachusetts, and Dublin, Ireland.
Workhuman Recent Developments
In April 2021, Workhuman launched Community Celebrations, the newest addition to the Workhuman Cloud suite of products that unlocks the passion and potential of every human in the workforce. Community Celebrations provides employees a platform to publicly recognize each other for shared interests, events and milestones, both in and out of the workplace, to create deeper social connections, increased feelings of belonging and happier humans.
In May 2020, , Workhuman presented Moodtracker, its solution for helping businesses stay in tune with the voice of their employees and act accordingly, which is part of the Workhuman Cloud suite of human-centered products. Presented during the Workhuman Livestream keynote, this always-free tool allows organizations to easily keep a pulse on employees’ feelings and implement the recommended next steps to understand their workforces better, improve their culture, and achieve a higher level of employee engagement.
In April 2018, Globoforce expanded its suite of products to help organizations build a more positive, inclusive, and high-performing workplace. Globoforce unveiled WorkHuman Cloud as a new suite of human applications to recognize and celebrate employees’ work and lives, creating stronger relationships and more socially connected teams. Unlike other HR software solutions that manage data, governance, and bureaucratic tasks, WorkHuman Cloud is human-centered with a social, transparent, crowdsourced, and team-driven approach in tune with how work gets done today.
Workhuman Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Workhuman 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 Workhuman 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 Workhuman Cloud customers.
Ownership: - x
Number of Employees: 700
Functional Market: Performance and Goal Management,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, Construction and Real Estate, Consumer Packaged Goods, Distribution, Education, Government, Healthcare, Insurance, Leisure and Hospitality, Life Sciences, Manufacturing, Media, Non Profit, Oil, Gas and Chemicals, Professional Services, Retail, Transportation, Utilites,
Workhuman Key Cloud and HCM Applications
Workhuman HCM and Cloud HCM Applications Revenues, $M:
|Type/Year||2019||2020||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.
Workhuman Revenue Breakdown by Type:
|Type||License||Prof. Services||Hardware||Support & Maintenance||SaaS||PaaS||IaaS||Other (Non Enterprise Application Revenues)||Total|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||100%|
Workhuman HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets
2020 HCM Revenues, By Sub-Functional Markets, $M
Workhuman HCM Applications Revenues By Verticals, $M:
Workhuman Total and HCM Applications Revenues by Region:
|Region||% of Total Revenues||2020 Total Revenues, $M||2020 HCM Applications Revenues, $M|
Workhuman Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
Workhuman Customers - Breakdown by Geo, Size, Vertical and Product
No. of Workhuman Customers: 370
No. of Workhuman HCM Applications Customers: 370
No. of Workhuman Cloud HCM Customers: 370
No. of Workhuman Cloud HCM Subscribers: 6 million
Workhuman partners with more than 370 clients, including over 25 customers with 50,000+ employees including Allen and Gerritsen, Fiserv, JetBlue Airways Corporation, Symantec Corporation, Cardinal Health, LinkedIn, Cisco, Denso, Biogen, Westjet and others.
Workhuman Market Opportunities, M&A and Geo Expansions
Workhuman achieved unicorn status with a valuation of €1bn, and planning to double its Irish workforce to 800 people by 2023. In the first half of 2021, Workhuman expanding to a second building that has four floors and will give them an additional 200 seats. Workhuman has plans for further expansion in the years to come for another 200 seats. The move came as Intermediate Capital Group (ICG) acquired a 10 per cent stake for $120 million from departing shareholders.
The company surpassed revenues of more than €620m in 2019, up from €448m in 2018 and saw double digit growth in 2020. It is aiming for turnover of one billion within a couple of years.
Workhuman Risks and Challenges
Workhuman may need to boost its customer count in order to mitigate the risks associated with relying on a handful of its major accounts.
Workhuman Ecosystem, Partners, Resellers and SI
Workhuman has pre-packaged integrations with leading HRIS platforms such as Workday, SAP SuccessFactors, Oracle, Cornerstone, Ultimate Software, and ADP give enterprises data consistency across all critical systems.
Workhuman Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- Workhuman Public Cloud and Infrastructure (IaaS)
- Workhuman Platform (PaaS)
- Workhuman Application Delivery
- Workhuman Private Cloud and Data Centers
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:
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