New York, NY and Herndon, VA (PRWEB) September 10, 2013
MBO Partners (http://www.mbopartners.com) and Work Market (http://www.workmarket.com) today announced a partnership that will provide global enterprises a next-generation platform for managing independent contractor talent. The first enterprise-scale solution of its kind, the offering combines the trust, power and experience of MBO’s Fortune 1000 approved contractor engagement and compliance platform with Work Market’s state-of-the-art marketplace and work distribution technology. The two companies will market the integrated MBO Work Market offering as a “Managed Contractor Cloud” solution to all current and new clients seeking a world-class contractor engagement solution.
Staffing Industry Analysts reported a 30% increase in the use of self-sourced independent contractors in 2012, a trend that will continue to rise. In fact, according to research conducted by MBO Partners, 50% of enterprise workers could be providing services as independent contract talent within the next decade, creating an urgent need for an enterprise-grade solution for managing contract talent.
After extensively reviewing the contract work acquisition and distribution platform space, MBO identified the emerging Work Market platform as an ideal enterprise Software-as-a-Service (SaaS) partner to serve two key marketplace needs:
- Curating private, trusted contract talent communities which enable organizations to house and re-deploy knowledge workers that enterprise hiring managers identify as promising, qualified resources.
- Providing a pipeline of curated project opportunities for independent contractors and small professional services firms so they can reduce their downtime and have a flow of work assignments from clients that they choose to do business with.
“MBO Partners is a true leader in the contract work marketplace. They have set the gold standard for all companies in the space,” said Jeffrey Leventhal, CEO of Work Market. “As enterprises continue to shift to a contract labor workforce, the combination of the MBO engagement platform and the Work Market technology platform will become absolutely essential to any company that’s trying to compete and leverage the best contract talent resources possible in the global economy.”
“Our Fortune 1000 customers already have realized significant benefits in safely and easily engaging hand-picked independent talent with MBO Partners. Now, hiring managers can access and deploy these valuable resources across the enterprise,” adds Gene Zaino, CEO and President of MBO Partners, long-considered a national authority on contingent work trends. “Jeff and the Work Market team have applied technology to build an exciting solution, and have combined it with a subscription model that is a game-changer for contract talent management. This new offering provides everything that global enterprises need to leverage and deploy on-demand the critical skills housed in outside talent for years to come. But most importantly, for the independent professionals we serve, this will expand their trusted networks and create new business opportunity. In the end, it’s about making it easy for independents and their clients to work together.”
About MBO Partners:
MBO Partners is recognized as the largest and most experienced provider supporting the $250 billion-and-growing independent contracting and consulting sector in America. Our services make it easy for independent contractors, consultants and their clients to do business. For self-employed professionals, MBO Partners manages their entire business infrastructure. Our technology platform includes a proprietary process to handle billing and revenue cycle management, contract administration, business insurances, expense management, tax withholding, health and retirement benefits and more. We couple this with the benefits of direct vendor access into enterprises and the “white glove” attention of a dedicated business manager. For organizations that use contract talent, MBO Partners provides a complete independent contractor aggregation and engagement offering, including compliance and payment solutions for 1099s, sole proprietors and micro-businesses. To learn more, visit http://www.mbopartners.com.
About Work Market:
Work Market is the leading enterprise-class platform and marketplace for the management of contract and freelance labor. Businesses of all sizes use the Work Market platform to manage the complete lifecycle of their freelance labor, including the selection and hiring of contracted resources, the deployment and ongoing management of labor at scale and all associated payment and legal compliances. Work Market supports all legal labor classifications. This allows businesses to increase labor productivity and enhance work quality while dramatically reducing costs. To learn more visit: http://www.workmarket.com.