HRSoft, a leader in compensation management and total rewards software, has announced a remarkable series of achievements in 2024. The company’s record-breaking growth, prestigious industry recognitions, and global expansion underscore its commitment to optimizing compensation strategies and enhancing employee engagement.
- Record Q2 Growth:
- Achieved a 58% year-over-year increase in revenue in Q2 2024.
- Surge driven by increased demand for HRSoft’s comprehensive compensation and rewards management products, including the new Long Term Incentive (LTI) Management.
- Expanded client base with 54% of new business from outside North America or with complex global requirements.
- CEO’s Statement:
- Joe Poxson, CEO of HRSoft, highlights the growth as a testament to the team’s dedication and client trust.
- Emphasis on ongoing innovation and exceptional value delivery.
- Inclusion in the Inc. 5000 List:
- HRSoft recognized in the 2024 Inc. 5000 list of America’s fastest-growing private companies.
- The accolade reflects the company’s rapid revenue growth and excellence in the competitive HR technology sector.
- Constellation ShortList™ Recognition:
- Named to the Constellation ShortList for Compensation Management for the 5th consecutive year.
- Recognized for meeting high standards in client inquiries, market share, and innovation.
- Constellation Research’s validation underscores HRSoft’s commitment to delivering value and pace of innovation.
- Global Expansion and Focus:
- Continued investment in technology and talent to reinforce global presence.
- Focus on expanding offerings and enhancing the platform to meet evolving organizational needs.
HRSoft’s achievements in 2024 demonstrate its leadership in compensation management and total rewards solutions. With record growth, prestigious industry recognitions, and a strategic focus on global expansion and innovation, HRSoft is well-positioned for continued success and impact in the HR technology sector.
