WorkMarket
Last Updated
Overview
WorkMarket is a comprehensive platform to efficiently and compliantly manage independent contractors. It simplifies tasks such as contractor verification, work assignment, and tax management, saving time and reducing risk. While initial customization of the system may be necessary, the benefits far outweigh the setup period.
WorkMarket Specifications
- Resource Allocation
- Document Management
- Subcontractor Management
- Progress Tracking
What Is WorkMarket?
WorkMarket is an Independent Contractor Management System that helps businesses manage their contract workforce. It provides end-to-end solutions for onboarding, verifying, paying, organizing talent, managing work assignments, and 1099 tax filing. The platform also provides tools to automate contractor-related processes and connect with existing business systems. It can be useful for businesses as an end-to-end solution or select specific capabilities based on their needs.
What Is WorkMarket Best For?
The software stands out for its “Onboard and Verify” feature that automates independent contractor onboarding and verification. This is useful for businesses to confirm that workers meet required qualifications before receiving assignments. Its labor clouds let teams set requirements such as certifications, background checks, location, and skills. This is particularly helpful for workforce teams managing large contractor pools with different qualification requirements.
How Much Does WorkMarket Cost?
The pricing of WorkMarket falls between $12,000–$60,000+/year.
In addition to the base subscription costs, organizations should account for the following potential expenses:
- Expedited Payment Fee: Roughly $2–$25 extra per payout when a contractor chooses same-day pay instead of standard terms
- Background Checks And Drug Testing: From $30 to $100 per contractor, billed through a connected third-party screening vendor
- Implementation And Setup: Starts at $2,000–$15,000 one-time, scales with how many modules and workflows are configured
- Custom Integration And Automation Development: Approximately $3,000–$20,000 one-time, depends on how many external systems are connected
- Training: Around $500–$5,000, varies by whether it's self-service documentation or live/in-person sessions
Disclaimer: Pricing references are based on publicly available third-party information and industry benchmarks. Actual costs may vary.
WorkMarket Integrations
The software supports integration with Customer Relationship Management (CRM), Recruitment, and Enterprise Resource Planning (ERP) platforms.
How Does WorkMarket Work?
Follow the steps below to understand how WorkMarket typically works:
- Log in to your WorkMarket account to access the platform and begin managing your contractor workforce
- Set up contractor requirements and onboarding processes based on the qualifications needed for each role
- Verify contractors by collecting required information and confirming their qualifications
- Organize contractor talent by maintaining worker profiles, skills, certifications, or ratings
- Create work assignments by matching contractors to jobs based on their qualifications
- Track assignments and progress to manage jobs through completion
- Process contractor payments after work is completed using the platform’s payment workflows
- Manage compliance activities by verifying business requirements and handling 1099-NEC filing workflows
Who Is WorkMarket For?
WorkMarket is ideal for organizations across a wide range of industries and sectors, including:
- IT field services
- Professional services
- Creative services
- Education
- Health and wellness
- Private security
- Field sales
WorkMarket Use Cases
Based on our analysis of WorkMarket features, we have identified key scenarios where the platform is a strong fit:
Language Services Managing Large Pools Of Interpreters And Translators
WorkMarket fits language service providers that need to manage freelance interpreters and translators across different locations. Teams can assess language proficiency, verify worker information, and organize contractors by languages, location, and other requirements. This helps providers identify qualified workers for on-site and virtual assignments while reducing manual administrative work.
Courier Companies Coordinating Drivers Across Multiple Locations
Courier and delivery businesses prefer the software when they manage large numbers of independent drivers across different locations. The platform supports requirements such as driver licenses, insurance coverage, background checks, and drug tests during worker qualifications. This gives operations teams a way to maintain qualified contractor pools while handling high-volume payments and reimbursements.
Creative Agencies Managing Distributed Freelance Talent
Organizations that rely on freelance designers, writers, photographers, videographers, and other creative professionals can use WorkMarket to manage contractor pools. Teams can group freelancers by skills, location, and other requirements, then identify suitable workers for specific assignments. This is relevant when freelance work is frequent enough that manual onboarding, availability checks, and payments become difficult to manage.
Marketing Teams Coordinating Brand Ambassadors and Influencers
The system is suitable for marketing programs that use large pools of brand ambassadors, influencers, models, or other promotional contractors. Teams can organize workers by location and areas of expertise to find people suited to particular campaigns or events. This is particularly relevant when contractors work across multiple locations and need to be onboarded and paid at scale.
Education Providers Managing Qualified Contract Educators
Education companies often consider WorkMarket to manage substitute teachers, tutors, trainers, mentors, and other contract educators. Teams can organize workers based on skills, licenses, certifications, background checks, and location. This supports organizations that need to maintain pools of qualified educators for both on-site and virtual assignments.
Is WorkMarket Right For You?
WorkMarket may be a good fit for businesses managing growing independent contractor workforces. Its automation, compliance support, integrations, and scalability suit organizations such as Certified Languages International, Automated Systems Design, and Edutech Lab. The system is also backed by ADP, WorkMarket provides security, dedicated account management, and support for businesses that need to manage contractors as their operations grow.
Still doubtful if WorkMarket software is the right fit for you? Connect with us at (661) 384-7070 for further guidance.
WorkMarket Features
Organize Talent
The platform lets businesses create pre-vetted Labor Clouds using criteria such as skills, location, licenses, certifications, and background checks. Teams can track worker requirements and onboarding status within each talent pool. Qualified contractors can then be identified and sent to work opportunities based on the criteria defined for each Labor Cloud.
Manage Work Assignments
WorkMarket software allows teams to create virtual or on-site assignments and send them to individual contractors or groups. Managers can track assignments in one place, identify unfilled jobs, and rate worker performance. Templates and automated workflows also support higher assignment volumes, while the open API connects work processes with other systems.
Pay Contractors
This feature supports contractor payments in the U.S. and internationally through automated payment processes and flexible payment methods. The software can generate invoices based on preset terms, process individual or bulk payments, and provide visibility into contractor spending. It also supports tax ID verification, W-9 capture, invoice audit trails, and electronic 1099-NEC filing.
Pros And Cons of WorkMarket
Pros
Integrated talent and assignment management
Easy access to qualified contractor talent
Centralized contractor onboarding and management
Useful contractor reporting and visibility
Supports contractor certification screening
Cons
Some users find navigation less intuitive
Mobile experience can be difficult
Updates may affect work history visibility
WorkMarket Reviews
Total 9 reviews
4.4
All reviews are from verified customers
Rating Distribution
5
Stars67%
4
Stars11%
3
Stars22%
2
Stars0%
1
Stars0%
Share your experience
Healthcare, 101-500 employees
Less than 6 months
“Withdrawing money with Workmarket is neh”
Pros
I like the website's visibility. It's simple to navigate and offers many details not found on other platforms.
Cons
I'm not happy that when I withdraw my earnings, I can't see the transactions, like the forex amount or what I'm supposed to receive.
Rating Distribution
Ease of use
10
Value for money
9
Customer Support
10
Functionality
10
IT, 1-10 employees
More than a year
“you have to work with this app”
Pros
The functionality is fair and smooth for employers and vendors to use.
Cons
After onboarding, some applications are tricky within the mobile app. It's easier to work through the website, but if you're on the move, the app isn't the best option.
Rating Distribution
Ease of use
6
Value for money
6
Customer Support
10
Functionality
6
IT, 1-10 employees
More than a year
“Honest Review on Work market”
Pros
The website is quite reliable, offering a variety of useful filtering options. It's easy to use, making it easy to navigate through the different features and find exactly what you're looking for. Whether you're filtering job searches or browsing through listings, the process is smooth and hassle-free.
Cons
The mobile app has a lot of limitations and many users suggest it's better to use the site through a browser whenever possible.
Rating Distribution
Ease of use
9
Value for money
9
Customer Support
10
Functionality
9
Frequently Asked Questions
Does WorkMarket offer an API?
Yes, WorkMarket offers an API.
Does WorkMarket have a mobile app?
Yes, WorkMarket offers a dedicated mobile app.
What language does WorkMarket support?
WorkMarket primarily supports English.
What types of pricing plans does WorkMarket offer?
WorkMarket price plan starts at $12,000 to $60,000+/year. Get a detailed WorkMarket cost breakdown tailored to your specific requirements.
What other apps does WorkMarket integrate with?
The software supports integration with CRM, ERP, and Recruitment platforms.
Who are the typical users of WorkMarket?
WorkMarket is used by multiple industries and sectors, such as health and wellness, professional services, education, IT field services, private security, field sales, and creative services.
What level of support does WorkMarket offer?
WorkMarket offers support through phone, email, virtual assistant, contact form, and a help center.