Spend Matters 50/50: Work Market – A Provider to Watch in 2015

100 companies - 100 days

We announced here and here our two (not ranked) lists: Spend Matters 50 To Know and 50 To Watch firms for 2015/2016. In the first case, this is our view of the 50 solution provider type organisations in the procurement industry that every senior procurement leader should be aware of and understand. The 50 To Watch are the up-and-coming firms  - those with interesting and relatively new solutions for our market. The 50 To Know are the key organisations in our industry that procurement executives need to have on their radar.

Having announced the lists, our US colleagues are now featuring each of the 100 firms in turn with an article giving an overview of each, with some headline Spend Matters thoughts on them. So on this site we will be giving you a brief extract of the US article, plus adding our own comments where we have anything useful to add from a European perspective. Sometimes we do, sometimes we don’t!

Here is what our US colleagues had to say about Work Market:

"Work Market, founded in 2010, is one of a number of contingent workforce management “platform” providers that sometimes assigns itself the description of Freelancer Management System (FMS) ... In essence, FMS is a technology solution that allows an enterprise to engage, deploy and pay its own affiliated, legitimated “independent” (“freelance”) workforce ... Work Market is one of the leaders in developing this new model of contingent workforce engagement/utilization, which is fast becoming a promising alternative to the traditional sourcing contingent labor services through bulk staffing and other suppliers."

You can read more of what our US colleagues have to say here. In terms of Europe, it is fair to say that we seem to be behind the US in terms of recognising these FMS platforms as a separate and new segment of the procurement technology market. Work Market itself appears to be purely North America focused at the moment. Sounds like a great place to work though, with mountain biking, a soccer team, table tennis tournaments ... I look forward to the opening of their Camberley office one day! I'll be there ...

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