WorkMarket

From Wikipedia, the free encyclopedia

Page Module:Infobox/styles.css has no content.Page Template:Infobox company/styles.css has no content.

WorkMarket by ADP
ISINScript error: No such module "WikidataIB".
IndustryScript error: No such module "WikidataIB".
PredecessorScript error: No such module "WikidataIB".
IncorporatedScript error: No such module "WikidataIB".
FoundedScript error: No such module "WikidataIB".
FoundersScript error: No such module "WikidataIB".
DefunctScript error: No such module "WikidataIB".
SuccessorScript error: No such module "WikidataIB".
Headquarters
New York, New York
RevenueScript error: No such module "WikidataIB".
Script error: No such module "WikidataIB".
Script error: No such module "WikidataIB".
Total assetsScript error: No such module "WikidataIB".
Number of employees
Script error: No such module "WikidataIB".
ParentAutomatic Data Processing (ADP)
Websiteworkmarket.com

Script error: No such module "Check for conflicting parameters".Script error: No such module "Check for deprecated parameters".

WorkMarket is a New York City-based company that provides an online platform and marketplace for businesses to manage contingent workers and IT talent.[2] The company was founded in May 2010 by Jeffrey Leventhal.[3]

In January 2018, WorkMarket was acquired by the payroll automation firm, Automatic Data Processing (ADP) for an undisclosed amount.[4]

Software

The company markets its online platform and marketplace directly and through partnerships to business that work with and leverage freelancers, contractors, and consultants as part of their overall talent strategy.[3] Many companies also use WorkMarket independently from the marketplace to manage their existing freelance talent communities.[3][5]

WorkMarket allows "buyers" to find workers, verify credentials, engage and onboard talent, manage work assignments and projects, process payments, and rate workers.[6] For workers, WorkMarket provides a marketplace to search and apply for assignments, share resumes, and build digital portfolios. Both companies and workers use WorkMarket's dashboard to manage current assignments. Workers can use the mobile app to find and manage assignments.

History

CEO and founder Jeffrey Leventhal conceived of the idea for WorkMarket after founding and selling OnForce, a previous online marketplace business he started that helped manage IT talent.[3][7] His industry experience led him to believe that there was an opportunity to provide a more efficient method for hiring and managing 1099 contractors.[3] To form a founding team, Leventhal agreed to partner with Jeffrey Wald. In 2011, the company launched a beta version of the WorkMarket platform to a group of 20 companies. Initially, WorkMarket operated as an invitation-only service while it worked to build a large base of corporate clients.[3][6]

In January 2015, WorkMarket hired Stephen DeWitt as its CEO.[8]

WorkMarket's board of directors and advisor team includes Union Square Ventures' Fred Wilson,[9] Spark Capital's Mo Koyfman,[10] Jeffrey Leventhal, Tig Gilliam,[11] and Jordan Levy.[6] Tig Gilliam was named chairman in February 2015.[12]

Between 2010 and 2017, WorkMarket raised a total of $60+ million in venture funding.[1][3][6]

Recognition

Gartner recognized WorkMarket as a Cool Vendor in Procurement Sourcing in 2015.[13] WorkMarket has also been featured in Spend Matters research.[14]

Having experienced two-year growth of 581%, WorkMarket was named No. 20 on the 2014 list of Crain's New York Business Fast 50.[15] WorkMarket has also been recognized by Forbes as one of America's Most Promising Companies for 2014.[1][16][17]

Jeffrey Leventhal has also been honored as Staffing Industry Analysts Top 100[18] and he and Jeffrey Wald have been cited on the changing freelance economy by Bloomberg, Fortune, Huffington Post, Staffing Industry Analysts, CRN Magazine, Entrepreneur, IT Business Edge, U.S. News & World Report, and HR.com.

References

Page Template:Reflist/styles.css has no content.

  1. ^ a b c Page Module:Citation/CS1/styles.css has no content."Work Market". Forbes. Retrieved May 1, 2014.
  2. ^ Page Module:Citation/CS1/styles.css has no content."New tech companies say freelancing is the future of work\publisher=The Washington Post". Retrieved June 22, 2015.
  3. ^ a b c d e f g Page Module:Citation/CS1/styles.css has no content."Work Market manages IT staffers the one-stop way". Crain's New York Business. Retrieved May 1, 2014.
  4. ^ Page Module:Citation/CS1/styles.css has no content.Deutscher, Maria (2018-01-22). "Payroll giant ADP acquires worker management startup WorkMarket". siliconANGLE. Retrieved 2018-01-23.
  5. ^ Page Module:Citation/CS1/styles.css has no content."Your next job, next year, may be self-employment". Computerworld. Retrieved May 1, 2014.
  6. ^ a b c d Page Module:Citation/CS1/styles.css has no content."Work Market lands $10m to bring its service for managing freelance workforces out of stealth mode". The Next Web. Retrieved June 22, 2015.
  7. ^ Page Module:Citation/CS1/styles.css has no content."Jeffrey Leventhal speaks about Work Market and work markets". Gigaom. Archived from the original on January 26, 2014. Retrieved May 1, 2014.
  8. ^ Page Module:Citation/CS1/styles.css has no content.Group, The Devon (2015-01-13). "Work Market Appoints Stephen DeWitt as Chief Executive Officer". GlobeNewswire News Room. Retrieved 2020-07-10. {{cite web}}: |last= has generic name (help)
  9. ^ Page Module:Citation/CS1/styles.css has no content."Union Square Ventures, Spark Capital invest in Work Market". VentureBeat. Retrieved May 1, 2014.
  10. ^ Page Module:Citation/CS1/styles.css has no content."Twitter Investor Spark Promotes Mo Koyfman To General Partner". Wall Street Journal: Venture Capital Dispatch. Retrieved May 1, 2014.
  11. ^ Page Module:Citation/CS1/styles.css has no content."People: Work Market, Staffing Consultants, Prestige Employee Administrators". Staffing Industry Analysis. Retrieved May 1, 2014.
  12. ^ Page Module:Citation/CS1/styles.css has no content."Work Market Names Former Adecco Group NA CEO Tig Gilliam as Chairman of the Board". Marketwired. Retrieved June 22, 2015.
  13. ^ Page Module:Citation/CS1/styles.css has no content."Cool Vendors in Procurement and Sourcing Technology, 2015". Gartner. Retrieved June 22, 2015.
  14. ^ Page Module:Citation/CS1/styles.css has no content."Exploring Work Market: A Procurement Platform For a Post-VMS-Services World". Spend Matters. Retrieved June 22, 2015.
  15. ^ Page Module:Citation/CS1/styles.css has no content."Crain's New York Business Fast 50". Crain's. Retrieved June 22, 2015.
  16. ^ Page Module:Citation/CS1/styles.css has no content."America's Most Promising Companies 2014". Forbes. Retrieved May 1, 2014.
  17. ^ Page Module:Citation/CS1/styles.css has no content."Work Market on Forbes' Most Promising Companies list". Newsday. Archived from the original on March 7, 2014. Retrieved May 1, 2014.
  18. ^ Page Module:Citation/CS1/styles.css has no content."Staffing Industry Analysts Top 100". Staffing Industry Analysts. Retrieved May 1, 2014.
Retrieved from "https://cosmopedia.co/index.php?title=WorkMarket&oldid=13213362"