Work Market CEO Discusses Future of Freelance Talent Management on HRExaminer Radio HourFebruary 19, 2015
Regardless of industry or locale, today’s employers are taking on more contract talent than ever before. As workforce demographics continue to shift and freelance workers take a larger share of the market, employers need new ways to manage contract talent.
During his appearance on HRExaminer Radio Hour, Stephen DeWitt, chief executive officer of Work Market, will join host John Sumser to explore how the rise of freelance workers has changed the way employers view contract talent. In addition, DeWitt will share insights on this evolving facet of the workforce and discuss how technology can help employers manage contract talent more efficiently and more effectively. Listeners will learn more about this workforce trend and how organizations are responding to meet compliance and business needs.Read More »
Freelancers Reshape Labor Market, Nature of WorkFebruary 19, 2015
Jeff Wald, co-founder and president of Work Market, an online platform that helps employers find and manage freelancers, said that while most HR professionals are aware of the dangers of misclassifying employees as independent contractors, some line managers are not. He said that software offered by companies like his helps employers prevent such misclassification by forcing everyone in an organization to use the same system to get work done.
“You do it in a way that allows you to set it and forget it, so that everyone knows: ‘This is how we’re engaging with freelancers,’ said Wald. He and others in the industry have said the government will be forced to address issues with the freelance workforce in the near future.Read More »
Work Market Names Former Adecco Group NA CEO Tig Gilliam as Chairman of the BoardFebruary 9, 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 appointed Tig Gilliam as chairman of the company’s board of directors. A member of Work Market’s board since 2013, Gilliam has more than 28 years of experience leading the operations of several global, multi-billion dollar tech-enabled businesses.
IQNavigator and Work Market Form Strategic Alliance to Transform How Global 2000 Companies Source and Manage Contingent LaborFebruary 3, 2015
IQNavigator, the leading provider of non-employee workforce management solutions, today announced a strategic alliance with Work Market, the leading Software-as-a-Service (SaaS) solution that helps companies find, manage and pay their freelancers and independent contractors from a single platform.
The alliance addresses the emerging need for better total workforce management by bringing together the two leading technology innovators in the non-employee labor market. With their combined technology and expertise, customers will more efficiently source and manage highly-skilled, pre-qualified workers from a wider range of sources.
To learn more about this strategic partnership, please visit http://www.workmarket.com/partners/iqnavigator/.Read More »
New tech companies say freelancing is the future of workFebruary 3, 2015
More and more, companies are shifting portions of their work to independent contractors, managing large pools of people available as needed for anything from tech support to landscaping. This relieves them of having to pay employees a fixed amount every month — not to mention health insurance, Social Security taxes or workers’ compensation.
It’s difficult to know how many companies are going in this direction, or how quickly. The number of self-employed people as a percentage of the workforce has remained fairly constant for decades, at about 10 percent; much of the contracting out that has occurred is to firms that have employees, rather than sole proprietors.
Regardless, a lot of money is going into start-ups that are competing to ease the transition — and profit from it. Take Work Market, a platform where Wooldridge finds most of his jobs. It just raised $20 million more from leading investors, including Union Square Ventures principal Fred Wilson, who thinks it has the potential to “transform the way enterprises leverage the on-demand labor economy.”Read More »
Work Market Closes $20 Million in Growth CapitalJanuary 21, 2015
Work Market, the SaaS solution that helps companies find, engage, manage and pay their freelance and independent contractor workforce from a single platform, today announced that it has raised $20 million in growth capital. The investment was led by Union Square Ventures, with participation by Spark Capital, SoftBank Capital, Industry Ventures and Silicon Valley Bank.
“Union Square Ventures invests in pioneering companies that show the potential to truly disrupt the status quo; we see tremendous opportunity for Work Market to transform the way enterprises leverage the on-demand labor economy,” said Fred Wilson, co-founder of Union Square Ventures and a member of Work Market’s board of directors. “With new CEO Stephen DeWitt at the helm, the company is in prime position to drive rapid growth and further differentiate itself as the top freelance worker management platform on the market.”Read More »
Fred Wilson follows his own lead, invests even more in Work MarketJanuary 21, 2015
Union Square Ventures founder Fred Wilson started January by promising a big year for corporate software startups. Three weeks later, he’s following through on that promise. Wilson’s firm has led a $20 million Series C infusion into Work Market, a maker of a cloud platform used by large companies to recruit and manage all their freelancer and independent contractors.
“Union Square Ventures invests in pioneering companies that show the potential to truly disrupt the status quo,” said Wilson, who sits on the company’s board. “We see tremendous opportunity for Work Market to transform the way enterprises leverage the on-demand labor economy.”
It’s the second big news for Work Market in about a week. On Jan. 13, the company appointed former Cobalt Networks CEO and Hewlett-Packard exec Stephen DeWitt to become its first non-founder CEO, replacing co-founder Jeff Leventhal, who remains on the board.Read More »
Lowe’s Case Highlights Worker Misclassification LessonsJanuary 20, 2015
Misclassification of workers continues to be a headache for employers, with a judge recently approving a $6.5 million settlement of a class-action lawsuit brought by home improvement contractors against Lowe’s Home Centers. The Lowe’s settlement highlights some “key lessons every business should consider when working with an independent contractor,” according to the founders of Work Market, which provides freelancer management solutions to companies.
Among other things, Jeff Wald and Jeffrey Leventhal said in a post on Forbes.com, working with a business entity such as an LLC “does not automatically eliminate your misclassification exposure.” The Lowe’s plaintiffs included installation contractors who operated in the form of a business entity.
The post also notes that the largest, most prosperous businesses “are just as susceptible to labor violations as their small and mid-size counterparts” and independent workers “are playing a critical role in the growth of some of today’s biggest brands.”
“Fines levied by the IRS and State Labor Departments for worker misclassification can exceed millions, if not tens of millions of dollars, depending on the severity of the infractions,” Wald and Leventhal said. “The threat of class-action lawsuits … should also serve as a further deterrent for companies straddling the boundaries of improper classification.”
Work Market Appoints Stephen DeWitt as Chief Executive OfficerJanuary 13, 2015
Work Market today announced that Stephen DeWitt has joined the company as Chief Executive Officer.
A widely recognized leader in the technology industry for more than 30 years, DeWitt has held executive positions with some of the most influential companies in the industry, including Hewlett-Packard, Cisco Systems and Symantec. He has also helped grow multiple technology start-ups, including Cobalt Networks, where as CEO, he guided the company from its infancy to a period of rapid growth and, ultimately, a dramatic IPO and multi-billion dollar acquisition by Sun Microsystems.Read More »
Work Market Launches Partnership Program to Further Power the Shift to a Freelance Workforce Throughout Every IndustryNovember 25, 2014
Work Market announced today the launch of its’ partnership program, which provides an easier way for companies to leverage the Work Market Freelance Management System™.
Through this new program, organizations with strong industry reach can partner with Work Market to provide their customers with access to on-demand talent. Staffing firms and technology solutions providers can create a single point of entry for all categories of contingent labor management. For those partners with complex channel models, Talent Pools can be created through Work Market which not only connect partners to resources but also partners to partners for expediency of opportunity generation and realization.Read More »
5 Predictions for the Freelance Economy in 2015November 24, 2014
The freelance movement is in full swing as businesses and workers engage in more flexible, on-demand work arrangements. And while this labor transformation has been well discussed during the last year, the real question is what will the future look like? What should companies and workers expect in 2015 and how should they plan accordingly?
Our clients typically spend millions — if not tens of millions — of dollars on contract labor every year. They’re the ones contributing to the feverish growth of the freelance economy and producing countless opportunities for independent workers all across the country. These companies are embracing the explosion of the freelance economy and the seismic market shift in the labor force.
In some ways the future is now and, based on our extensive analysis of the freelance economy, this is what we anticipate for 2015…Read More »
Work Market Recognized as Industry Innovator in First Freelance Management System Report by Staffing Industry AnalystsOctober 30, 2014
Work Market announced today that it has been named as a pioneer in the movement of using enterprise specific technology to manage the distinctive needs of the freelancer workstream in the pre-eminent industry report by Staffing Industry Analysts.
“With the growth in the number of independent workers in our workforce, enterprises are quickly seeing that new tools and technologies are required to manage this workstream in addition to legacy tools such as those Vendor Management Systems typically used to source agency temps,” said Diego Lomanto, Vice President of Marketing at Work Market.Read More »
MSNBC Your Business: Growing Your Business Using FreelancersOctober 26, 2014
If you’re overwhelmed with work, and you need some temporary help, hiring a freelancer could be an option to consider. Today, freelancers are easier to hire than ever before. Jeffrey Wald, the co-founder, CFO and COO of Work Market, tells us how freelancers, contractors and consultants could help your small business grow.Read More »
Work Market Launches Next Generation Enterprise Freelance Management Features, Building Upon Proprietary FMS FrameworkOctober 23, 2014
Work Market announced today the launch of new features that enable enterprise organizations to identify and engage with multiple freelancers at once and manage their job performance. These tools build upon Work Market’s patent pending Freelance Management System (FMS) Framework, which has been a critical component of the company’s technology since its inception in 2010, and are geared specifically to further meet the needs of enterprises as they continue to work with freelancers at scale.
“The time has come for enterprises to think closely about the role that freelancers and independent contractors are going to play in the workforce,” says Jeffrey Leventhal, Co-Founder and CEO of Work Market.Read More »
The Internet and the End of ‘Things’October 17, 2014
The “Internet of Things” is everyone’s new favorite buzzword. This increasing interconnectedness (is that a word?) will lead to the end of various “things” that at one time were commonplace. In the next twenty years we will see the virtual disappearance of many everyday physical items, including books (more ebooks will be sold in the US next year than paper books), paper currency and most single-use consumer electronic (does anyone even need an alarm clock anymore?).
Like the remote control (yes, there is an app for that) and business cards (how are these still a thing?), there are many physical items in our lives that will disappear in the year to come. The three soon-to-be obsolete things that I want to focus on are the key, the mail, and physical crime.
Work Market Named to Crain’s New York Business’ Fast 50October 14, 2014
Work Market announced today that it was named to the Fast 50 list by Crain’s New York Business. This list highlights those New York companies that are uniquely innovative and have experienced rapid growth.Read More »
Talent Matching: Engaging with the Right Type of Contingent Workers for the Right Type of WorkOctober 3, 2014
Work Market is hosting a special workshop at the CW Solutions Forum, October 6-7 in Las Vegas, where we’ll provide businesses with a framework to effectively navigate the different classifications of contingent workers.
The workshop, titled “Temps, ICs, SOWs & More: Matching the right non-traditional workers with the right jobs,” will be led by Work Market COO & CFO Jeff Wald and SIA’s Global Editorial Director Subadhra Sriram.Read More »
Jeffrey Leventhal, Work Market CEO, Named to Staffing Industry Analyst 100October 2, 2014
Staffing Industry Analysts (SIA), the preeminent source of information and analysis on contingent work, honors Jeffrey Leventhal as one of the most influential thought leaders in the contingent labor and the staffing industry. This marks the second consecutive year that Jeffrey Leventhal and Work Market have been honored.
“Jeff Leventhal is truly a visionary of the freelance economy,” said Tig Gilliam, Work Market Board Member and Former CEO of Adecco Group NA.Read More »
3 Things HR Professionals Should Know About the Evolving Freelance EconomySeptember 4, 2014
“The HR industry is all abuzz about the freelance economy. Pundits are speculating about general workforce implications, marketers are hashtag happy, and analysts are busy predicting just how big the boom will get. HR professionals, on the other hand, are a little less concerned about the hype and slightly more preoccupied with how they can adapt to this massive industry transformation.
To date, many HR professionals have taken more of a hands-off approach when it comes to managing their freelancers — leaving the process largely in the hands of hiring managers and procurement. With the volume of freelancers expected to explode in the coming years, the status quo will no longer be sufficient. Simply put, HR needs to become more involved.”Read More »
Powering the Future of Sales WorkforcesSeptember 3, 2014
“Innovations in technology over the last decade have fundamentally transformed how businesses and workers interact. Experiential and event marketing agencies are increasingly leveraging technology to access on-demand talent and become more financially flexible.
Brand ambassadors, in turn are pursuing the flexibility of independent careers and utilizing specialized skill sets to perform freelance work. Agencies need a technology solution with the right tools and capabilities that allow them to efficiently manage their extended workforce.”Read More »
Why I Believe In The Freelance WorkstreamAugust 18, 2014
“I believe wholeheartedly that the way we do work is fundamentally changing. We are on the cusp of a new definition of what it means to build a successful career and I believe freelance work is a big part of this. Freelance work is changing how people build their careers and it’s going to change how companies find and manage non-full time talent as they make room for what will be known as the freelance workstream.”
To read the full Forbes article written by our Work Market co-founders, click here.Read More »
The Emergence of IWMS (Independent Workforce Management Solutions)August 3, 2014
Andrew Karpie, a prominent staffing/HR analyst, recently penned an article on the emergence of Independent Workforce Management Solutions (IWMS). The IWMS space is gaining momentum as businesses seek new and smarter ways to manage their contingent workforce. Karpie references Work Market as one of the companies leading the IWMS push.Read More »
The Rising Freelance Economy Will Change Talent Acquisition StrategiesJuly 28, 2014
Jeff Leventhal writes on The Staffing Stream, a blog hosted by Staffing Industry Analysts, about how The Rising Freelance Economy Will Change Talent Acquisition Strategies. The post covers how freelancers are fitting into business organizations and how independent contractors will shape the enterprise the freelancer management workstream to come.Read More »
The Case for Utilizing an Onsite Freelancer PlatformJuly 25, 2014
Industry Analyst and Field Services Expert, David Pollack just produced an article on how Work Market helps companies staff field technicians. David Pollack frames Work Market as the leading solution for onsite freelance management and outlines the framework of our software. Click here to read the entire article.Read More »
Study Shows Freelance and Independent Contractor Workforce Poised to Transform Businesses’ Human Capital StrategiesJuly 23, 2014
Work Market published a press release to announce the publication of their latest white paper, A Snapshot of the Onsite Freelance & Contractor Workforce. The white paper provides detailed insight into the inner workings of this on-demand workforce and shows how companies can build and leverage their own onsite freelance workforce as part of a comprehensive human capital management strategy.Read More »
Work Market Founder, Jeff Wald, Discuss “Startup Phases” on ForbesJuly 22, 2014
Work Market founder, Jeff Wald recently discussed his belief on what it takes to create a successful technology company from the start. In the article, Jeff states that every successful startup goes through 3 phases. In order to do make it through successfully, Jeff argues, an entrepreneur needs mental tenacity, determination and an undeterred belief in their idea.Read More »
Work Market Launches New Feature WorkSend™July 8, 2014
WorkSend, the new feature on Work Market, uses a proprietary algorithm to quickly connect companies with freelancers best suited for their assignments. In launching WorkSend, we are driving the next frontier of the freelance economy, where data analytics will be leveraged more heavily to find and manage talent.Read More »
3 Ways Social Networking Is Impacting The Freelance EconomyJuly 3, 2014
Work Market’s co-founder and COO, Jeff Wald, relays social networking practices that benefit the freelance economy in this article published by Forbes.Read More »
What The Rise Of The Freelance Economy Really Means For BusinessesJuly 1, 2014
“Moreover, I believe we will see independent contractor workstreams (which includes freelancers, consultants and other on-demand workers that are not managed by staffing firms) become a critical part of comprehensive talent strategies, which is where I believe we will see true disruption and innovation in the labor economy.”Read More »
Meet Jeff Leventhal: Work Market’s CEO & A Serial EntrepreneurJune 14, 2014
Our CEO, Jeff Leventhal, recently sat down with the blog One Million by One Million to discuss his path that led to the launch of Work Market. Sramana Mitra, the founder of the blog is a passionate advocate of entrepreneurship. The conversation went very in-depth with tons of insights into business and how the world of work is shaping up for the future.Read More »
Gig Economy: How Technology Is Changing The WorkforceApril 8, 2014
A recent article came out in February in The New York Times that perfectly details the freelance experience—wrote Sara Horowitz, founder of Freelancers Union, “the standard workweek was a prison of the past.”Read More »
How the Freelance Shift Is Driving the Market for On-Demand LaborFebruary 20, 2014
The company is Work Market, a provider of cloud-based contract labor management services in New York. In an interview with Work Market co-founder and COO Jeffrey Wald, I noted that the home page of the company’s website touts its focus on helping organizations to find and manage their “onsite” freelance workers. I asked Wald about that “onsite” reference, and whether it meant that remote workers don’t fit into Work Market’s model. He said they absolutely do, but that the nature of the industry spurred that specificity…Read More »
Online Staffing Platforms Make the Freelance Economy a True MeritocracyFebruary 19, 2014
Earlier this week, I was giving an interview about Work Market and how mobile is changing the freelance economy. During the interview, I was asked a question which has now been posed to me several times — what is the gender breakdown of work done through the freelance economy?Read More »
We Have On-Demand Computing, Why Not On-Demand Labor?February 14, 2014
Over the past several years, a lot of organizations have done a great job of dramatically reducing their IT costs by going to the cloud and adopting an on-demand computing model. As significant as that is, however, the fact remains that technology isn’t a company’s largest expense, not by a long shot—labor is. So why not dramatically reduce labor costs by adopting an on-demand labor model?Read More »
The Work Market-SAP Deal: What Does It Really Mean (for Staffing)?January 10, 2014
Work Market recently announced a deal with global enterprise software giant SAP. This deal not only indicates that large enterprises are reaching out and engaging with online staffing platforms to access needed talent, it also demonstrates that there are many new ways in which this can be happening (especially as enterprises more and more adopt flexible, extended workforce models). It shows that online staffing platform businesses can maneuver and position themselves in agile ways to provide innovative, advanced contingent workforce staffing solutions for 21st century businesses.Read More »
Jeffrey Leventhal speaks about Work Market and work marketsJanuary 21, 2013
Jeffrey Leventhal is the co-founder and CEO of Work Market, a work placeform (marketplace + platform = placeform) company, competing with eLance and others. Jeffrey was formerly CEO and founder of OnForce.com and the CEO & founder at Spinback.Read More »