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Togetherwork Plans Major Austin Expansion and 300 New Jobs

Togetherwork: Austin's Quietly Growing Tech Firm Plans Major Expansion & Hiring Spree

Togetherwork, an Austin-based technology company specializing in workforce management software, is poised for significant growth, announcing plans to expand its headquarters and embark on a substantial hiring initiative. While not a household name, the company is a rapidly expanding player in the increasingly vital space of connecting businesses with on-demand and permanent staffing solutions, and is betting big on its Austin base. This article summarizes Togetherwork's trajectory, its platform, planned expansion, and the broader context of the workforce management landscape.

What Does Togetherwork Do?

Togetherwork isn't a traditional staffing agency. Instead, it operates a technology platform – essentially a comprehensive software-as-a-service (SaaS) solution – that streamlines the entire process of workforce management for businesses. Their core offering, built around the "Workful" platform, connects companies with skilled workers for both temporary ("gig") and permanent positions.

The platform goes beyond simply posting job openings. It handles everything from applicant tracking and onboarding to payroll, compliance, and performance management. Critically, Togetherwork also manages the workers themselves, handling benefits administration, tax filings, and ensuring legal compliance – a significant burden for companies increasingly reliant on flexible workforces.

According to their website, Togetherwork focuses primarily on several key sectors: light industrial, skilled trades, hospitality, and administrative/clerical roles. They cater to businesses needing anything from a single temporary employee to managing entire contingent workforces. The company explicitly pitches itself as helping businesses avoid the administrative headaches associated with W-2 employment for flexible staff, effectively acting as a “co-employer.”

Expansion Plans & Hiring Spree:

The company currently occupies around 40,000 square feet in The Foundry II building in North Austin. They’ve recently signed a lease for an additional 65,000 square feet in the same complex, bringing their total footprint to over 105,000 square feet. This represents a significant investment in their physical presence and is a clear indicator of ambitious growth plans.

This expansion isn't just about more space; it's about accommodating a dramatic increase in staff. Togetherwork intends to add approximately 300 jobs in Austin over the next year, bringing their total local workforce to around 800. These positions will span various departments, including technology (software development, data science), sales, marketing, customer support, and operations. The company’s leadership sees Austin as an ideal location to attract top talent, citing the city’s vibrant tech ecosystem, skilled workforce, and quality of life.

The Rise of the “Future of Work” and Workforce Management Solutions

Togetherwork’s success is deeply connected to the broader trends reshaping the labor market. The “future of work” narrative, accelerated by the pandemic, emphasizes the growing demand for flexible work arrangements, the gig economy, and a more fluid relationship between employers and employees. Companies are increasingly turning to contingent workforces to manage fluctuating demand, reduce costs, and access specialized skills.

This trend has fueled the growth of companies like Togetherwork and its competitors. Traditional staffing agencies are being challenged by technology-driven platforms that offer greater efficiency, transparency, and control over the workforce management process. These platforms are often able to provide real-time data and analytics, enabling businesses to make more informed decisions about their staffing needs.

Competition & Context: Who Else is Playing in This Space?

Togetherwork operates in a competitive landscape. Major players in the workforce management space include companies like:

  • Workday: A well-established player, Workday offers a broader suite of human capital management (HCM) solutions, including workforce planning and talent management.
  • ADP: Another legacy HCM provider, ADP, also offers workforce management solutions, particularly focused on payroll and benefits administration.
  • UKG (Ultimate Kronos Group): A leading provider of HR and workforce management solutions, UKG focuses on employee experience and engagement.
  • BlueCrew (now part of Indeed): Focused specifically on connecting businesses with hourly workers.
  • Q4 Staffing: Another rapidly growing player in the contingent workforce management sector.

Togetherwork differentiates itself by focusing on a specific range of industries and by emphasizing its "co-employment" model, handling significant administrative burdens for its clients. They also heavily promote their technology platform’s capabilities in streamlining the entire workforce lifecycle.

Funding and Growth Trajectory

While not a publicly traded company, Togetherwork has received significant investment. In February 2024, the company announced a $125 million funding round led by Francisco Partners, a leading global investment firm specializing in technology and healthcare. This funding will be used to accelerate product development, expand its sales and marketing efforts, and support its ambitious growth plans, including the Austin headquarters expansion. The company has experienced substantial revenue growth in recent years, solidifying its position as a rising star in the workforce management sector.

In conclusion, Togetherwork is a quietly growing Austin-based tech company capitalizing on the changing dynamics of the labor market. Through its Workful platform and “co-employment” model, it's providing businesses with a modern, efficient solution for managing their workforce needs. With significant investment and a commitment to its Austin headquarters, Togetherwork is poised for continued expansion and is a company to watch in the rapidly evolving world of work.


Read the Full Austin American-Statesman Article at:
[ https://www.statesman.com/business/technology/article/togetherwork-austin-hq-hiring-21257019.php ]