Company profile

Future of WageWorks

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| Quantumrun Global 1000

The WageWorks organization aims to care about the people and seeks to empower all people, including employees, employers, and families, so as to help them lead a happier, healthier, and better productive life. The company simplifies the complex world of consumer-headed benefits. It makes profits programs easy to understand and usable so that one and all can gain from pre-tax savings and center on the most important things.

Home Country:
Industry:
Human resources technology
Website:
Founded:
2000
Global employee count:
2167
Domestic employee count:
134
Number of domestic locations:
15

Financial Health

Revenue:
$267832000 USD
3y average revenue:
$322287000 USD
Operating expenses:
$236783000 USD
3y average expenses:
$287708333 USD
Funds in reserve:
$500918000 USD

Asset Performance

  1. Product/Service/Dept. name
    Healthcare
    Product/Service revenue
    202897000
  2. Product/Service/Dept. name
    Commuter
    Product/Service revenue
    70163000
  3. Product/Service/Dept. name
    Cobra
    Product/Service revenue
    75246000

Innovation assets and Pipeline

Total patents held:
1

All company data collected from its 2016 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page. 

DISRUPTION VULNERABILITY

Belonging to the business services sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:

*The shrinking cost and increasing computational capacity of artificial intelligence systems will lead to its greater use across a number of applications within the business services world. All regimented or codified tasks and professions will see greater automation, leading to dramatically reduced operating costs and sizeable layoffs of white and blue-collar employees.

*Blockchain technology will be co-opted and integrated into the operations of a range of business services providers, significantly reducing transaction costs and automating complex contract agreements.

COMPANY’S FUTURE PROSPECTS

Company Headlines