Employment Hero
Founded Year
2014Stage
Series F | AliveTotal Raised
$457.93MValuation
$0000Last Raised
$167M | 1 yr agoRevenue
$0000Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+43 points in the past 30 days
About Employment Hero
Employment Hero specializes in providing an all-in-one HR, payroll, and benefits platform for businesses. The company offers solutions for automating recruitment, managing HR processes, and streamlining payroll, as well as a suite of tools for employee engagement, learning and development, and artificial intelligence enhancements. Employment Hero primarily serves small to medium-sized businesses looking to optimize their human resources and payroll operations. It was founded in 2014 and is based in Sydney, New South Wales.
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ESPs containing Employment Hero
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The human resources (HR) software market contains solutions for handling routine HR tasks. These platforms help with managing employee recordkeeping and typically have capabilities like timekeeping, payroll processing, and benefits administration.
Employment Hero named as Challenger among 15 other companies, including Workday, Sage, and Automatic Data Processing.
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Research containing Employment Hero
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Employment Hero in 2 CB Insights research briefs, most recently on Feb 22, 2022.
Expert Collections containing Employment Hero
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Employment Hero is included in 4 Expert Collections, including HR Tech.
HR Tech
5,910 items
The HR tech collection includes software vendors that enable companies to develop, hire, manage, and pay their workforces. Focus areas include benefits, compensation, engagement, EORs & PEOs, HRIS & HRMS, learning & development, payroll, talent acquisition, and talent management.
Unicorns- Billion Dollar Startups
1,249 items
Fintech
13,413 items
Excludes US-based companies
Store tech (In-store retail tech)
387 items
Latest Employment Hero News
Nov 3, 2024
Australia’s labor market is showing signs of stability, with wage growth moderating and productivity improving. While challenges remain, particularly for small and medium-sized enterprises (SMEs), the overall outlook is cautiously optimistic. Employment Hero’s new SmartMatch Employment Report highlights steady gains in productivity and employment, while wage growth, especially in Construction & Trade Services, brings continued cost pressures. The report, based on data from over 1.1 million employees, indicates a median hourly wage of $42.20, up 3.8% year-on-year, with Construction & Trade Services leading at 8.4% growth, contrasted by Science & Technology’s 2.8% increase. Average hours worked rose 2.2% from August, marking a 1.3% year-on-year gain. Casual employment surged, with hours worked up 13.3% month-on-month, suggesting businesses are leaning into flexible staffing solutions. Casual wages rose 3.4% quarterly, while full-time wages growth dipped by 0.9%. Ben Thompson, Employment Hero’s CEO, noted, “Our data indicates that while we are seeing early signs of stability, the cost of labour and continued wage pressures present a difficult balancing act for Australian businesses. As SMEs gear up for the end-of-year season, managing these rising costs without stalling productivity will be essential to economic resilience in the coming months. “Our workforce is at a critical inflection point: the signs of economic recovery are emerging, and inflation is slowly coming down, however, the issue of unsustainable wage growth threatens to prematurely stunt this recovery. Now is the time for SMEs to be cautiously optimistic in the lead-up to the holiday season, which will be pivotal in determining the stability of Australia’s workforce and economy,” said Thompson. Key Findings: Median Hourly Wage: At $42.20, median hourly wages increased by 3.8% year-on-year, reflecting sustained wage growth across most sectors. Construction & Trade Services led with a notable 8.4% annual growth, while Science & Technology saw slower gains at 2.8%, indicating a rebalancing across traditionally volatile sectors. Hours Worked: After months of decline, average hours worked showed slight improvement with a 2.2% increase month-on-month and a 1.3% annual rise, signalling tentative productivity gains as businesses focus on efficiency. Employment Type Shifts: Casual employment saw a sharp rise in hours worked, up 13.3% month-on-month, suggesting businesses are embracing flexible staffing options. Casual wages grew 0.5% monthly and 3.4% quarterly, while full-time annual wage growth dropped by 0.9% compared to August 2024. Keep up to date with our stories on LinkedIn , Twitter , Facebook and Instagram . What do you think?
Employment Hero Frequently Asked Questions (FAQ)
When was Employment Hero founded?
Employment Hero was founded in 2014.
Where is Employment Hero's headquarters?
Employment Hero's headquarters is located at 441 Kent Street, Sydney.
What is Employment Hero's latest funding round?
Employment Hero's latest funding round is Series F.
How much did Employment Hero raise?
Employment Hero raised a total of $457.93M.
Who are the investors of Employment Hero?
Investors of Employment Hero include OneVentures, AirTree Ventures, Insight Partners, Seek, Technology Crossover Ventures and 5 more.
Who are Employment Hero's competitors?
Competitors of Employment Hero include Deputy, Justworks, Netchex, Elmo Software, Flare and 7 more.
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Compare Employment Hero to Competitors
Gusto specializes in providing integrated online payroll and HR solutions for businesses. Its main services include processing payroll with automated tax filing, managing time and attendance, offering workers' compensation, and administering employee benefits such as health insurance and 401(k) plans. Gusto also offers tools for hiring and onboarding, talent management, and compliance support to ensure businesses can efficiently manage their teams. It was formerly known as ZenPayroll. It was founded in 2011 and is based in San Francisco, California.
Netchex is a provider of comprehensive web-based payroll, human resource, and benefits administration services. The company offers solutions that streamline payroll processing, automate tax filing, manage time and attendance, administer employee benefits, and support various other HR functions. Netchex serves a diverse range of industries with its integrated HR and payroll solutions. It was founded in 2003 and is based in Covington, Louisiana.
Hibob specializes in human resources technology, offering a comprehensive HR platform designed to streamline various HR processes for businesses. Its main services include core HR functions, onboarding, time and attendance management, compensation, payroll integration, hiring, time off management, surveys, performance management, people analytics, and workforce planning. The company's tools are aimed at improving productivity, engagement, and retention within organizations. It was founded in 2015 and is based in New York, New York.
Bamboo HR is a company that focuses on providing comprehensive human resources software solutions. The company offers a range of services including data management, hiring and onboarding, payroll and benefits management, and tools for enhancing employee experience and performance. Bamboo HR primarily serves businesses of all sizes across various sectors. It is based in Lindon, Utah.
Flash operates as a management platform specializing in human resources (HR) and financial services. The company offers solutions for benefits management, talent management, and corporate expense control. Flash primarily serves sectors that require integrated management solutions for HR and financial operations. It was founded in 2018 and is based in Pinheiros, Brazil.
Oyster is a global employment platform that specializes in enabling companies to hire, pay, and manage international workers. The company offers services such as employer of record, global payroll, and compliance solutions to facilitate the management of a global workforce. Oyster's platform also provides tools for hiring and paying contractors, automating hiring workflows, and offering comprehensive benefits packages to employees. It was founded in 2020 and is based in Charlotte, North Carolina.
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