Workhuman to see revenue rise to €629m
By Maurice Garvey
PARK WEST company Workhuman is forecasting a rise in revenues to more than €629m this year, up from €448m in 2018.
Formerly known as Globoforce, the software firm operates employee reward and incentive schemes for some of the world’s biggest companies – clients including Biogen, Cisco, LinkedIn, Proctor & Gamble, JetBlue Airways and KPMG.
Workhuman premises in Parkwest
The company is continuing to record strong sales, according to CEO Eric Mosley, who is from Glenview in Tallaght, and co-founded the business in 1999 with Eddie Reynolds.
The last set of publicly available accounts for Workhuman shows that it recorded a more than 150 per cent rise in pre-tax profits in 2017 to €8.7 million.
Mr Mosley said they have grown by 35 per cent on average over the last two years and that is set to continue in 2019.
“We’re really just at the tip of the iceberg in terms of how we can grow the business,” he said.
The company has added more than 100 staff so far this year to take the total head count to about 600, of which over half are in Dublin.
Workhuman has invested over €50m in research and development and product innovation at its Park West base since 2013.
Some of their operations have been relocated to the US where it currently derives the majority of revenues.
Mr Mosley said Dublin remained central to the company’s plans, with European sales doubling every year.
Eric Mosley
“I would see Europe eventually accounting for at least a third of our business,” he said.
Workhuman provides a software-as-a-service (Saas) platform that delivers reward programmes on behalf of over 300 companies that collectively employ more than four million people in 150 countries.
Mr Mosley is an author and regular contributor to The Huffington Post, and frequent contributor to publications including Forbes, Fast Company, and the Harvard Business Review.
