PeopleFluent Partner Work Market Presented on Total Talent Management at PeopleFluent Global User Conference WISDOM 2016
WALTHAM, Mass. – April 20, 2016 – PeopleFluent®, a leading human capital management technology company, today announced discussion highlights from the company’s global user conference WISDOM 2016 breakout session “Total Talent Management: Why Work Market’s FMS is the Missing Piece in Your Contingent Labor Puzzle,” featuring Jeff Wald, co-founder and president, Work Market. The senior executive discussed why freelance management systems are an essential component of total talent and fit perfectly into a company’s existing Vendor Management System (VMS).
Wald presented an overview of the current contingent landscape and sourced research that indicated that nearly 40 percent of organizations expect to adopt a Freelance Management System (FMS) over the next 12-16 months. Wald outlined for attendees the benefits of a total talent management solution (FMS and VMS) including:
- Streamlined management, payment and reporting processes
- Greater visibility into the entire non-employee workforce program
- Expedited time to fill for open requisitions to accelerate market expansion plans
- The ability to directly recruit and employ freelancers - the largest growing contingent workforce segment
- Optimized labor costs and intelligent routing to find the most qualified candidates
“I am thrilled to have been able to present and interact with PeopleFluent’s vibrant user community at WISDOM,” said Wald. “I believe strongly that technology is key to creating a winning talent management strategy and by combining PeopleFluent’s Vendor Management System (VMS) with Work Market’s Freelance Management System (FMS), enterprises will finally have one system to manage all of their non-employee labor.”
Jeff Wald serves as the Work Market’s president and is a co-founder. He has a long track record as a successful entrepreneur across the technology and services landscape. Wald is widely recognized as a thought leader on labor force evolution. He is a regular speaker on the topic of modernizing workforces and the role of contingent labor has been a contributing writer to Forbes on the topic. Jeff holds a B.S. and an M.S. from Cornell University and an M.B.A. from Harvard Business School.
About Work Market
Work Market was founded in 2010 with a simple, yet ambitious vision: power the future of work. Since then, we’ve been on quite the run. We’ve raised $35 million in capital, are backed by the world’s top venture capitalists and were recently recognized as one of New York City’s fastest-growing companies.
We’re fundamentally transforming how businesses and freelancers work in a modern world. It’s why some of the biggest brands in the world rely on Work Market to find and manage their freelancers.
PeopleFluent, the leading total workforce HCM technology company, redefines Talent Management with an innovative Talent Engagement Cloud that is built around people and not HR processes. By deeply integrating pervasive video, strategic analytics and collaborative social technologies into its complete suite of Talent Management applications, PeopleFluent redefines employee engagement to address productivity loss and diminished financial results due to an increasingly disengaged workforce. With PeopleFluent, companies can change at the speed of business without costly IT interventions through intuitive, highly configurable software that is built upon the right data. Spanning across an organization’s entire global workforce with one talent cloud, PeopleFluent equips leaders with the meaningful talent data and strategic analytics necessary to make better business decisions.
PeopleFluent has worked with over 5,100 organizations in 214 countries and territories to engage employees to drive better business results. Today, 80 percent of the Fortune 100 relies on PeopleFluent as part of their talent management delivery strategy, helping them successfully achieve their talent aspirations.
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