Company Research Report: HireArt, Inc.
Company Overview
Company Name
HireArt, Inc.
Mission
HireArt’s mission is to reinvent flexible employment by connecting workers and businesses and ensuring they work together in a supported, productive, and happy way.
Founding
- Founded On: January 1, 2012
- Co-Founders: Includes Nick Sedlet, currently serving as the CEO.
Key People
- Nick Sedlet, Co-Founder and CEO
Headquarters
- Location: 135 W 29th St, New York, NY 10001, USA
Number of Employees
No information is available.
Revenue
No specific revenue figures are available. However, the company is mentioned during raising funds in different series, including recently raising $26.25M as part of a Series B funding round.
Recognition and Achievements
- HireArt has been recognized in Inc.’s 2022 list of Fastest-Growing Companies and ranked No. 2,163 on the 2024 Inc. 5000 list, acknowledging it as one of the fastest-growing private companies in America.
Reputation
HireArt is known for its comprehensive platform to source, employ, and manage a company’s contract workforce, pioneering a modern approach for the W-2 contract workforce.
Products
Platform Offerings
- On-Demand Sourcing: Helps in easily filling roles while avoiding high markups.
- Employer of Record (EOR): Offers industry-leading employment experience ensuring global compliance.
- Vendor Management: Provides lightweight and seamless workflows for workforce management with embedded EOR/AOR.
- Worker Classification: Offers reliable compliance checks with professional support.
- Program Management: Includes strategic guidance, compliance, and workforce support.
- Freelancer Management: Enables the management of freelancers and W2 workers in a unified tool.
Key Features
- Modern software solutions for tracking workers, managing partners, and generating real-time visibility into important metrics.
- High client and worker satisfaction scores with worker NPS at 77.3 and client NPS at 86.4, significantly outperforming industry standards.
- Offers significant average cost savings of 16.6% for clients who transition contractors to HireArt.
Recent Developments
New Products and Features
No information is available about specific new products launched.
Recent Recognition
- Inc. 5000 List 2024: HireArt was recognized as one of the fastest-growing private companies, ranked No. 2,163.
Strategic Partnerships
No specific new partnerships are detailed. However, notable customers such as Zoox, Pony.ai, and Via were mentioned.
Platform Enhancements
The platform has been continually enhanced to provide an end-to-end solution for workforce management, focusing on strategic guidance and compliance.
Funding and Growth
- Series B Funding: Raised $26.25 million, demonstrating substantial financial support and investor confidence for expanding its platform capabilities.
Success Stories
- Zoox Case Study: Zoox successfully consolidated 88 contract workers into a single employer of record with HireArt, maintaining a high retention rate and above-industry NPS scores.
End of Report
