HR automation startup Zenefits raises $66 Million at valuation of about $500 million. High valuations of HR technology companies are driven by fast growth in talent management sectors (recruiting, training, performance management/BI, and leadership/succession management) as well as by shift to software-as-a-service (SaaS) model. The Zenefits platform facilitates integration of third-party systems providing health insurance, payroll and 401(k) management. Currently Zenefitz has under its management about 2,000 companies employing combined workforce of more than 50,000.
References:
Human Resources (HR) Software For Healthcare, Market Forecast
Human Resources (HR) Software Market
UK Human Resources (HR) Software Market