InSite Software to Manage Your Labor Pool
A career in IT consulting, including a stint at McKinsey & Co., provided Jai Shekhawat with the inspiration for the software that would become Fieldglass. Now in its ninth year, Shekhawat's Chicago company produces something it calls InSite: a human resources tool that helps clients find and hire workers and keep track of their hours, whether they're temps, contractors, or full-timers. Fieldglass competes with such software giants as Ariba (ARBA), Click Commerce, and Oracle (ORCL). The innovation, says the 45-year-old chief executive, is in providing a single view of a company's labor pool. The software then offers a slew of functions. For example, it directs hiring managers to career sites and recruiters, and it processes electronic timesheets for temporary workers. The formula has worked well. Fieldglass customers include Verizon (VZ), Johnson & Johnson (JNJ), and Allstate (ALL). Revenue, which comes entirely from pay-as-you-go fees, has reached about $25 million a year, and the company has been profitable for the past three years, says Shekhawat, who previously co-founded IT firm Quinnox.
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