Onboarding for staffing is focused on the contingent workforce, and of course speed. The quicker you can get a contractor or temp processed and ready to start, the faster you get to recognize revenue and minimizes “ghosts.” Over time that speed translates to a better experience for both the workers and the clients employing them. When time to start impacts your core revenue, you invest in tools that help you do it faster.
From their press release:
EmployStream, the provider for onboarding automation to the staffing industry, today announced it has closed a $3.5 million Series A funding round led by JumpStart Inc., with support from several key investors including Ohio Innovation Fund, North Coast Angel Fund, and Rev1 Ventures. EmployStream will use the capital to expand its product development, marketing, and sales efforts in order to increase its footprint in the staffing industry. The funding will accelerate the company’s growth in the staffing industry, with a plan to expand to other industries with high-volume hiring needs and high turnover challenges.
Source: EmployStream Receives $3.5 Million in Series A Financing Round