Client Story

IREI gets peace of mind over compliance concerns

Institutional Real Estate, Inc. (IREI), a global real estate media company, turned to WorkMarket for compliance support as well as to improve how they manage, track and pay their independent contractors.

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The Challenge

IREI serves the investment community by publishing news and insights on the commercial real estate market, relying heavily on independent contractors for its content. They were concerned about regulations changing how employees and independent contractors were classified. They needed a solution to help them better manage how contractors are engaged, utilized, and paid.

Compliance Support

Reduced compliance risk

With WorkMarket, IREI can perform reliable and up-to-date internal audits to monitor the firm’s risk around payment and hours to help ensure it wasn’t exceeding any thresholds. The company is able to capture all necessary worker documentation in one central location, and can easily track and report on contractor engagements. This gave IREI peace of mind, knowing all workers on the platform would be properly managed and paid.

"Now, we are finally able to easily and compliantly use more contractors. WorkMarket helped us save both time and money.”
~Jenny Guererro, Controller, IREI

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Fast, Easy Pay

Faster Invoicing & Pay

In order to retain workers, it was important for IREI to move away from manual invoice processing and paper checks, which can cause delays in payment. Using WorkMarket, the firm was able to pre-set payment terms for each assignment and automate invoice generation, helping workers get paid quickly. IREI also appreciated WorkMarket’s handling of electronic Form 1099-NEC furnishing and filing with the IRS and applicable states on their behalf.

WorkMarket interface showing invoices to be paid and the payment confirmation pop up
Smart Contractor Features

Increased contractor satisfaction

IREI's network of freelancers was hesitant about adopting a new platform. However, WorkMarket’s mobile app proved intuitive and easy to use. Plus, WorkMarket’s flexible payment options meant contractors could now set up auto-withdrawal to help ensure funds transfer automatically, which is a crucial element in retaining freelancers. As an added benefit, WorkMarket's service – from evaluation to implementation and support – scored high marks from IREI’s team too!

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WorkMarket at Work

Why WorkMarket

When you partner with us, we’ll enable you to better manage your independent contractors and unlock new possibilities for your business.

Attract top-tier talent

A great onboarding and payment experience for workers

Meet customer demand

Quickly identify the right workers for the right jobs

Scale your business fast

Talent base grows — not administrative burden

Improve compliance

Efficiently verify and track your business requirements

Gain visibility into your workforce

Real-time analytics on contractor spend and usage

Reduce cost, drive profitability

Automated processes save time and money

Two-minute overview

Two-minute overview

See how to automate workflows, from onboarding to paying your contractors.

Interactive demo

Interactive demo

Click through our self-guided demo to see how you can manage and pay contractors with ease.

Contact us today

Contact us today

Learn how our independent contractor management system can be customized for your needs.