As we all know, the freelance economy is booming. More businesses than ever before are turning to non-employee labor to gain a competitive edge. By 2020, more than half of the U.S. workforce will spend time as independent workers according to a recent prediction from MBO Partners.
Businesses of all sizes are looking for new ways to manage the complexities associated with non-employee work. While there are several talent management solutions currently on the market, none of them address the growing legion of freelancers. Fortunately, the emergence of Freelance Management Systems (FMS) is helping businesses transform how they find and manage freelancers and independent contractors (ICs).
That’s where we come in. At Work Market, our FMS is helping some of today’s biggest brands find, manage and pay their independent workforce. We provide the tools and analytics they need to manage their freelancers…from start to finish…in one dashboard.
As the contingent labor market (freelancers, ICs, temps and SOWs) continues to grow, businesses will need visibility into all segments of their non-employee workforce — in one dashboard — so they can better forecast labor costs, reduce rogue spend and manage compliance.
That’s why, earlier this week, we announced a partnership with IQNavigator that will allow us to offer a comprehensive workforce management solution that spans the entire non-employee workstream.
Together, Work Market and IQNavigator cover the full spectrum of contingent work that includes freelancers/ICs, temps and SOWs. Enterprises will finally have one system to manage all of their non-employee labor. Let’s take a quick look at how this partnership will work and why it should make your lives significantly easier.
The joint solution will allow enterprises utilizing contingent labor to:
- Streamline management, payment and reporting processes into a single workflow
- Gain visibility into their entire non-employee workforce program
- Expedite time to fill open requisitions with direct access to on-demand workers
- Vet and select candidates from Work Market’s robust freelance marketplace
- Optimize labor costs and leverage intelligent routing to find the most qualified candidates
- Adhere to business rules and workflows supported by IQN while simultaneously leveraging 1099 talent on Work Market
Both Work Market and IQNavigator are fully committed to providing our enterprise customers with the tools, technology and insights needed to compete in the “war on talent” and thrive in today’s fiercely competitive labor market.
We couldn’t be more excited about this partnership and look forward to delivering this world-class solution!
President and Co-founder