We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • SUBMISSIONS
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
Home » Supply chain HR firm WorkStep lands $25 million for worker retention tools

Supply chain HR firm WorkStep lands $25 million for worker retention tools

Investors say approach is needed for logistics providers to cope with growth of e-commerce, next day, and same day shipping.

workstep wks-manager-employees.jpeg
January 14, 2022
Supply Chain Quarterly Staff
No Comments

The supply chain workforce retention firm WorkStep plans to scale up its platform and add more employees for its solution that helps companies better engage workers, identify the drivers of turnover, and increase workforce retention, thanks to a $25 million venture capital round announced yesterday.

The “series B” round was led by NewRoad Capital Partners with participation from Latitude Ventures and Engage VC as well as existing investors FirstMark Capital, Prologis Ventures, Social Capital, and Quiet Capital. It brings the San Francisco-based firm to $42 million raised in total capital to date.

According to investors, WorkStep’s approach is critical because labor cost is the largest single spending item made by companies in the supply chain space, and the challenge is growing greater in response to industry trends.

“With the growth of e-commerce, next day, and same day shipping, the nature of the changing mobile and digital workforce and the need for sustainable supply chains that have the resiliency to withstand ever changing demands, the problem is becoming exponentially more difficult”, Chris Sultemeier, operating partner at NewRoad, said in a release.

Workstep says its solutions provide HR, operations, finance, and c-suite executives what they need to hire frontline workers, engage them throughout their employment journey, and act on critical insights to reduce turnover.

“The supply chain labor market is broken. Workforce leaders are caught in a vicious cycle of spending big to recruit talent, only to see their existing team churn and new hires walk out the door,” Dan Johnston, co-founder and CEO of WorkStep, said in a release. “At WorkStep, we’re fundamentally transforming how businesses find and retain frontline teammates by empowering workers to provide actionable feedback, enabling companies to identify turnover drivers, and most importantly, helping leaders act on the data to improve frontline satisfaction and outcomes.”

Strategy Technology
KEYWORDS WorkStep
    • Related Articles

      Project44 raises $420 million in new funding for supply chain visibility tools

      LevaData announces $12 million venture funding for AI tools

      IBM acquires Australian firm for its environmental performance tracking tools

    Recent Articles by Supply Chain Quarterly Staff

    Saddle Creek adds 1.8 million square feet of warehouse space in four markets

    Penske’s 3PL arm to expand brokerage capabilities with new offices in Chicago and NJ

    ERP vendor Aptean acquires TMS provider TOTALogistix

    You must login or register in order to post a comment.

    Report Abusive Comment

    Most Popular Articles

    • Report: Sagging freight stats show that trucking sector is returning to its historic mean

    • Survey: parcel delivery drivers are frustrated by using their own smartphones for work

    • Heavy transport across two continents

    • Survey: most Americans unaware that truckers face shortage of parking spaces

    • Supply chain executives not yet seeing expected results from technology investments

    Featured Video

    20221107korber large vs

    Enhancing Customer Experience with Your Supply Chain Strategy

    Viewer Contributed
    With the rise of e-commerce, many businesses have had to transform their warehouses to handle online orders in addition to regularly scheduled inventory shipments. This means warehouses need more information than ever before to ensure they can meet customers' needs. As a result, companies need to select warehouse...

    FEATURED WHITE PAPERS

    • Three layers of forklift safety: Promoting operating best practices

    • The Complete Guide to Automated Packaging

    • Five tips for parcel success in 2023

    • Guide to Pallet Rack Safety

    View More

    Subscribe to Supply Chain Quarterly

    Get Your Subscription
    • SUBSCRIBE
    • E-NEWSLETTERS
    • ADVERTISING
    • CUSTOMER CARE
    • CONTACT
    • ABOUT
    • STAFF
    • PRIVACY POLICY

    Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing