WorkMarket (an ADP company)
About
WorkMarket is an independent contractor management system (ICMS) that helps businesses onboard, verify, organize, manage, and pay independent contractors (1099 workers and freelancers) efficiently and compliantly. The platform automates workflows across the entire contractor lifecycle, from branded recruiting and tax ID verification to work assignment dispatch and global payments. WorkMarket is a subsidiary of ADP, Inc.
Details
Website
workmarket.comOfferings
7 active
VenSearch Intelligence
Ideal Customer
- WorkMarket is purpose-built for mid-market to enterprise U.S.-entity companies that manage large volumes of 1099 independent contractors, particularly those with field-based or on-site workforces requiring dispatch, credentialing, and compliant payment at scale.
- The platform's sweet spot is operations and workforce teams at companies that need sourcing, vetting, work order management, and payment in a single system — especially those in IT field services, professional services, translation/localization, and other contractor-heavy verticals.
Key Differentiators
- WorkMarket's primary differentiator is its position as the only contractor management system natively embedded within ADP's full HCM ecosystem, making it the natural choice for the 1+ million businesses already in ADP's client base that need to manage 1099 workers alongside their W-2 employees.
- Upon its acquisition, ADP was cited as becoming 'the only major HCM provider to offer a single, integrated system for managing both employees and contingent workers,' a distinction that remains a core part of its value proposition.
Industries Served
- WorkMarket serves a broad cross-section of industries, with the heaviest concentration in Professional Services and IT/Technology, followed by Construction and Real Estate — spanning over 21 industry verticals according to market research.
- Its own platform highlights specific contractor types including Health & Wellness Professionals, Couriers & Drivers, Creative Service Professionals, Interpreters & Translators, Private Security Professionals, Education Providers, Brand Ambassadors, Field Sales, and IT Field Services.
Service Coverage
- WorkMarket is headquartered at 240 W 37th Street, New York, NY 10018, and is designed primarily for businesses with a U.S. entity — the platform currently only supports companies registered in the United States as the paying organization.
- However, WorkMarket can facilitate payments to contractors internationally, with its Hyperwallet-powered payment rails reaching workers across Africa, Asia, Europe, Latin America, and beyond.
Partnerships
- WorkMarket integrates with a broad ecosystem of enterprise software platforms, including Salesforce, Workday, Oracle, NetSuite ERP, Microsoft, MuleSoft, Atrium, ServiceNow, and ZipRecruiter, enabling touchless data exchange across CRM, ERP, ATS, and service/ticketing systems via its open API.
- Its integration with Salesforce allows Salesforce users to trigger labor and resource requests directly within WorkMarket, and its Workday integration connects contractor management with core HCM workflows.
Company Size & Ownership
- WorkMarket was founded in May 2010 by Jeffrey Leventhal and Jeff Wald in New York City, and raised approximately $66 million in total venture funding across five rounds before being acquired by ADP in January 2018 for an undisclosed sum.
- Employee count estimates vary by source, with figures ranging from approximately 156 (Wikipedia) to 688 (RocketReach/LeadIQ as of mid-2025), reflecting the complexity of counting employees shared with or absorbed into ADP's broader organization.
Compliance & Certifications
- As a wholly owned subsidiary of ADP (Automatic Data Processing, Inc.), WorkMarket inherits and benefits from ADP's enterprise-grade compliance and security framework.
- ADP issues SOC 1 Type 2 and SOC 2 Type 2 reports over select products and services (available to clients under NDA), and maintains ISO/IEC 27001 and ISO/IEC 27701 certifications for select services and locations.
Compiled from public sources by VenSearch · Last researched October 14, 2026
Offerings
7 offeringsCompliance Support
WorkMarket's compliance support feature provides automated guardrails to help businesses meet independent contractor regulatory requirements, including U.S. tax ID verification, electronic W-9 capture, automated invoice generation, and electronic 1099-NEC filing with the IRS and applicable state agencies. It also supports withholding of non-statutory deductions and child support garnishments from contractor earnings, and maintains a central repository for all contractor documents including NDAs, licenses, and background checks. An invoice audit trail is generated for every transaction.
Integration & Automation
WorkMarket offers an open API and custom automation rules that allow businesses to integrate the platform with existing systems including CRM, service and ticketing platforms, ERP and accounting software, and applicant tracking systems. Custom automation rules are built based on each business's unique workflows and triggers, enabling touchless data exchange between WorkMarket and other systems. Bulk upload and export capabilities are also supported to facilitate seamless data transfer.
IT Field Services Marketplace
WorkMarket offers an IT field services marketplace that connects businesses with thousands of IT field services contractors searchable by skill sets, certifications, ratings, and ZIP codes. The marketplace helps companies fill white space in geographic coverage or skill sets by providing access to an extensive network of pre-existing field services contractors. Businesses can find the right IT professional for specific jobs directly through this marketplace.
Manage Work Assignments
WorkMarket's work assignment management feature enables businesses to create, send, and track virtual or on-site work assignments for individual contractors or groups at scale using templates and automated workflows. A mobile app allows on-site contractors to check in and out, communicate via SMS, upload deliverables, and submit work for approval. Once work is approved, invoices are automatically generated and payment is made based on pre-set terms such as hourly, flat-rate, or blended.
Onboard & Verify
WorkMarket's onboarding solution allows businesses to attract talent via a branded recruiting page and onboard contractors at scale using automated verification workflows. It verifies U.S. tax IDs, captures W-9s electronically, and can verify bank accounts as quickly as same-day, while tracking worker progress through onboarding in real time. Automated guardrails help ensure workers meet business requirements such as background checks, licenses, certifications, signed NDAs, and customizable skills assessments.
Organize Talent
WorkMarket's Organize Talent feature allows businesses to create pre-vetted pools of contractors called Labor Clouds, organized by criteria such as skill sets, location, licenses, background checks, satisfaction ratings, and more. Dynamic monitoring ensures that only contractors who continue to meet specified requirements remain in each Labor Cloud. Businesses can quickly identify and deploy the right contractor for the right job from these pre-screened groups.
Pay
WorkMarket's payment solution enables businesses to pay independent contractors in the U.S. and internationally using fast, flexible, and secure methods including ACH, pay card, and international payment options. It supports bulk payments, automated invoice generation based on preset payment terms (Net 15, Net 30), and offers workers early access to funds. The platform also handles non-statutory deductions, child support garnishments, and integrates with other financial systems.
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