WorkMarket
Automate independent contractor management from onboarding to payment.
Executive Summary
WorkMarket by ADP is a comprehensive independent contractor management system designed to streamline and automate the entire lifecycle of engaging with a contingent workforce. It helps businesses attract talent, manage work assignments, ensure timely and flexible payments, and maintain compliance. The platform aims to reduce administrative burden and compliance risks associated with managing independent contractors. The system automates critical workflows, from onboarding new contractors and organizing existing ones into groups, to managing assignments and processing payments. It offers flexible payment options for contractors, ensuring they are paid on time and in their preferred method, which aids in talent retention. WorkMarket also handles year-end tax preparations, automatically generating 1099-NEC forms for clients and workers and filing them with the IRS and applicable state agencies. WorkMarket integrates seamlessly with existing business systems through its open API, allowing for automation of time-consuming processes in areas like accounting, CRM, and other work management platforms. This integration capability helps businesses meet service level agreements (SLAs) and scale their operations efficiently by eliminating manual data entry and improving overall operational efficiency.
Use Cases
- Automating independent contractor onboarding and management
- Streamlining payment processes for independent contractors
- Ensuring tax compliance for independent contractors (e.g., 1099-NEC generation)
- Managing work assignments and projects for a contingent workforce
- Integrating with existing accounting, CRM, and work management systems
- IT Field Services management
- Field Sales management
- Education Providers workforce management
Features
Visibility
- Contractor Organization: Organize existing independent contractors into groups for easier management.
- Assignment Tracking: Manage and track the status of work assignments for independent contractors.
- Payment Status Monitoring: Monitor the status of payments to independent contractors.
Support
- Personalized Service: Offers personalized service and support for partners.
Technical Specifications
- Deployment
- SaaS
- API Available
- Yes
Integrations
- ServiceNow
- Accounting software
- CRM
Pricing
- Model
- Transaction-based fee
- Starting Price
- Contact sales
- Target Customer
- SMB,Mid-Market,Enterprise
Ratings & Reviews
G2: 4.7/5/5
About ADP
ADP (Automatic Data Processing, Inc.) is an American multinational provider of cloud-based human resources management, payroll processing, and professional employer organization (PEO) services. Founded in 1949, ADP serves over 1.1 million clients in more than 140 countries, offering comprehensive human capital management (HCM) solutions.