ADP acquires WorkMarket, plans to integrate contractor management with HCM

ADP will acquire more tools to manage freelancers and project-based workers.

How to build a corporate culture that's ready to embrace big data Shareablee.com Founder and CEO Tania Yuki talks about the ideological shifts that companies need to make as they embark on a digital transformation strategy how they can succeeding by getting their hands dirty with big data.

Video: How to build a corporate culture that's ready to embrace big data

ADP said it is acquiring WorkMarket, a platform that integrates full-time employees with contractors and partners. ADP said it will integrate WorkMarket with its human capital management tools.

Terms of the deal weren't disclosed.

WorkMarket's software was used to integrate a company's workforce to manage engagements, pay them, and remain in compliance. WorkMarket's tools, dubbed a Work OS, were used to find freelancers, too.

workmarket-screen.png

For ADP, WorkMarket means it can integrate its payroll software with the gig economy and market. ADP said the ability to manage employees and contingent workers will set its human capital management software apart.

WorkMarket used machine learning and automation to find talent and link what it termed "labor clouds" to enterprises. WorkMarket also has integrations with ServiceNow, Workday, and Salesforce.

More on TechRepublic