Work Market
 |
|
| Industry | FMS: Freelance Management Systems |
|---|---|
| Founded | 2010 |
| Founder | Jeffrey Leventhal, Jeffrey Wald |
| Headquarters | New York, New York |
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Number of employees
|
104 |
| Website | workmarket |
Work Market is a New York City-based company that provides an online platform and marketplace for businesses to manage freelancers, contractors, and consultants. The company was founded in May 2010 by Jeffrey Leventhal and Jeffrey Wald.
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. Ninety-five percent of Work Market assignments, sourced from its freelancer marketplace, are for on-site work. Many companies also use Work Market independently from the marketplace to manage their existing freelance talent communities.
Work Market allows "buyers" to find workers, verify credentials, engage and onboard talent, manage work assignments and projects, process payments, and rate workers. For workers, Work Market provides a marketplace to search and apply for assignments, share resumes, and build digital portfolios. Both companies and workers use Work Market's dashboard to manage current assignments. Workers leverage the mobile app to find and manage assignments.
Co-founder and CEO Jeffrey Leventhal conceived of the idea for Work Market after founding and departing from a previous business he started that helped manage IT talent. His industry experience led him to believe that there was an opportunity to provide a more efficient method for hiring and managing contractors. To form a founding team, Leventhal partnered with Jeffrey Wald, a Harvard Business School graduate who had served roles at J.P. Morgan Chase and VC fund GlenRock. In 2011, Leventhal and Wald launched a beta version of the Work Market platform to a group of 20 companies. Until 2013, Work Market operated as an invitation-only service while it worked to build a larger base of corporate clients.
In January 2015, Work Market welcomed Silicon Valley veteran Stephen DeWitt as its CEO."Work Market Appoints Stephen DeWitt as Chief Executive Officer". DeWitt has held leadership positions at some of the world’s largest tech companies, including Hewlett-Packard, Cisco and Symantec. Earlier in his career, he was president and CEO of Cobalt Networks, where he guided that company from its start-up roots to a high-profile IPO and ultimately, its acquisition by Sun Microsystems.
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