10 Hr Solution Business Success Stories [2023]
HR solutions refer to a set of functional tools that automate human resource management. Businesses refer to HR experts to help them streamline tedious but essential HR processes and make managing employees throughout their careers easier.
Are you interested in starting an HR solutions business?
You can offer different HR solutions depending on your areas of interest. Here are some exciting human resource business ideas you may consider.
Here are some real life success stories of starting a hr solution business:
1. Workology ($12.2M/year)
Jessica Miller-Merrell came up with the idea for Workology after using free online dating websites to source candidates for job openings while working as an HR leader. She saw the potential for digital sourcing and recruiting through platforms like LinkedIn, MySpace, and Facebook, and started a job search blog to share tips and build a candidate pipeline. Workology has since become a leading HR and recruiting resource, with a website reaching half a million HR and Recruiting leaders each month, a podcast, and a training and development platform called LEARN by Workology.
How much they make: $12.2M/year
How much did it cost to start: $12K
Current team size: 4
This case study follows the journey of Jessica Miller-Merrell, a top 50 social media influencer according to Forbes, who founded Workology, a workplace HR resource that reaches half a million HR and recruiting leaders each month with 8,000+ published articles and resources, generating $12M in annual revenue, offering on-demand courses for HR certification and career development, providing Ace the HR Exam, Upskill HR, and HRCI recertification courses, and developing a proprietary learning system with LEARN by Workology, which has trained nearly 15,000 HR leaders.
2. Factofly ($1.8M/year)
Jannik, the co-founder and CEO of FactoFly, came up with the idea for the business after experiencing the burden of administration as a freelancer. Through extensive market research and interviews with freelancers, he saw a need for a platform that would handle the administrative tasks for freelancers, allowing them to focus on their work. Since its launch, FactoFly has grown its revenue to around β¬130k monthly and is now preparing for a seed round to expand into new European regions.
How much they make: $1.8M/year
How much did it cost to start: $50
Current team size: 4
FactoFly, a platform for freelancers to handle their administrative tasks, has grown from 0 to β¬130k monthly revenue in 12 months, and is preparing for a seed round and expansion to other European regions.
So... can you actually make money with a hr solution business?
Of course. There are millions to be made in this industry.
But how?
- Research real, profitable businesses and see exactly how much money they make.
- Study exactly what works, and what doesnβt.
- Take action, because now you have the roadmap.
Join Starter Story and build your next big thing:
3. Talent Service ($180K/year)
the platform, we conducted interviews with potential customers to understand their pain points and needs. This helped us tailor our marketing messages and approach to attract and retain both companies and talents.
To attract companies, we focused on showcasing our unique value proposition of reverse recruitment and the benefits it provides. We targeted companies through digital channels such as social media, online forums, and industry-specific websites. We also leveraged partnerships and collaborations with universities and institutions to reach out to companies seeking IT talents.
For talents, we emphasized the ease and efficiency of our platform in finding the right company match. We used targeted advertising, social media campaigns, and partnerships with coding schools and bootcamps to attract talents. We also encouraged word-of-mouth referrals by providing excellent user experience and support to our existing talent users.
By continuously refining our marketing strategies based on customer feedback and data analysis, we have been able to attract and retain both companies and talents on our platform. As of now, we have achieved significant growth, with almost 3500 IT talents using the platform, 400 companies answering questionnaires via IT talents' links, and 282 vacancies published on the platform within just 3 months since launch.
How much they make: $180K/year
How much did it cost to start: $100K
Current team size: 6
Revolutionary developer-focused platform TalentService garners 3500 IT talents in just 3 months after launch, and counts 400 companies and 282 vacancies on the platform, offering a new approach to reverse hiring of IT talent.
So... can you actually make money with a hr solution business?
Of course. There are millions to be made in this industry.
But how?
- Research real, profitable businesses and see exactly how much money they make.
- Study exactly what works, and what doesnβt.
- Take action, because now you have the roadmap.
Join Starter Story and build your next big thing:
4. SelectSoftware Reviews ($40.5K/year)
Phil Strazzulla, founder of SelectSoftware, came up with the idea for his business after building a personal brand in the HR space through a weekly whiteboard video series. He realized that HR professionals were struggling to choose the right software for their needs, and saw the opportunity to create an online review site, similar to NerdWallet or WireCutter, for HR software. With organic search traffic growing at 30% per month and revenues hitting $1k per month, SelectSoftware has gained traction in the market.
How much they make: $40.5K/year
Current team size: 0
VC-turned-entrepreneur Phil Strazzulla, who previously built a successful b2b SaaS business, shares how he bootstrapped an online review site for HR software into a viable business with over $1k monthly revenues in just 3 months through organic search traffic growth and selling high intent leads.
5. SimplySolved ($6M/year)
Haroon Juma, founder and managing director of SimplySolved, came up with the idea for his business when taxes were introduced in the GCC in 2017. Recognizing that many companies would struggle to manage their operations and legal obligations, he saw an opportunity to provide a simple all-in-one solution. With a deep understanding of good service design and operational know-how, Haroon started the company and has since grown it to manage over 300 companies, with a revenue of $4 million per annum and an annual growth rate of 40%.
How much they make: $6M/year
How much did it cost to start: $500K
Current team size: 27
Dubai-based SimplySolved has flourished since it was founded six years ago, thanks to its ISO certifications and skilled team. It manages more than 300 companies, handling all aspects of their back-office operations, and turns over $4m annually, experiencing growth of 40% a year, while retaining 4.9 out of five in Google rankings. Founder Haroon Juma says a solid platform, automation and providing a seamless user experience were among his priorities when launching.
So... can you actually make money with a hr solution business?
Of course. There are millions to be made in this industry.
But how?
- Research real, profitable businesses and see exactly how much money they make.
- Study exactly what works, and what doesnβt.
- Take action, because now you have the roadmap.
Join Starter Story and build your next big thing:
6. HR.com ($21.8M/year)
How much they make: $21.8M/year
Current team size: 285
Case study of CEO and creator of HR.com, the world's largest social networking and resource site for HR professionals, which is trusted by over 110,000 HR professionals and offers 5,900+ courses and 400+ webcasts every year.
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