SOURCE: Work Market

Work Market

April 02, 2015 07:00 ET

Work Market's Freelance Management Technology Lauded in New Spend Matters Report

Company Recognized for Technology That Enables Employers to Curate Freelance Talent Pools, Optimize Spend on Contingent Workforce Management

NEW YORK, NY--(Marketwired - Apr 2, 2015) - Work Market, the SaaS solution that helps companies find, manage and pay their freelance and independent contractor workforce from a single platform, today announced that it has been profiled in a new report by Spend Matters, the largest global procurement and B2B destination online. The feature, "Exploring Work Market: A Procurement Platform for a Post-VMS-Services World," is the first of a multi-part series highlighting how the company's robust freelance management system enables companies to move beyond staffing firms to connect with contingent talent and better manage their freelance workers.

Employees today have new ideas and expectations about when, where and how much they work, while more employers recognize the benefits of hiring contingent workers who can help them meet key business objectives. As a result of this confluence, the freelancer market is expected to grow tremendously in the coming years, and will often require organizations to increase spend on staffing firms to help identify, hire and manage those freelance workers. Work Market aims to address this challenge, delivering a complete freelance management solution to complement clients' existing vendor management systems (VMS) while enabling employers to manage the freelance worker lifecycle more efficiently and cost effectively.

In "Exploring Work Market: A Procurement Platform for a Post-VMS-Services World," Jason Busch, founder and managing director of Azul Partners, the parent company of Spend Matters, explains how Work Market provides employers with the platform to better curate their freelancer and independent consultant talent. In the research, Busch explores Work Market's underlying technology and platform and what makes it different from solutions focused on the management of contingent labor alone.

"The rise of targeted solutions to support the management of freelance workers and independent consultants is reshaping how we think about the overall extended workforce," Busch suggests. "This is not just a new class of technologies, but rather a movement that will reshape how we access and manage non-employee talent. Organizations worried about compliance or that have other risk-related concerns will be delighted at the capabilities of these specialized services procurement solutions today."

"As workers and employers alike recognize the value and numerous benefits of the freelance model, the market for contingent labor is poised for enormous and continuous growth," said Stephen DeWitt, CEO of Work Market. "Work Market offers a robust, end-to-end solution to meet this growing need, while enabling employers to complement the traditional VMS solutions they relied on in the past to manage their contingent talent. We are honored to be featured in Spend Matters, and proud to be recognized for delivering the tools employers need to address the changing face of the workforce, while gaining full ownership and control over the entire freelance lifecycle."

"Exploring Work Market: A Procurement Platform for a Post-VMS-Services World" provides an overview of Work Market and how its unique functionality transforms the freelance management process. The complete report is available to Spend Matters PRO members and can accessed at:

About Work Market
Work Market is the leading enterprise-class platform for the management of contract and freelance talent. Businesses of all sizes use the Work Market platform to manage the complete lifecycle of their freelance talent, including the selection and engaging of contracted resources, the deployment and ongoing management of labor at scale and all associated payment and reporting processes. Our solution allows businesses to increase labor productivity and enhance work quality while dramatically reducing costs. To learn more visit Work Market has trademarked the phrase "Find Verify Engage Manage Pay Rate" and the Work Market FMS Framework is patent pending.