MBO Partners® Named Second Largest Global Talent Platform by Research Group Staffing Industry Analysts  

By MBO Partners | September 29, 2021

Share
MBO Logo

FOR IMMEDIATE RELEASE

AUSTIN, TX – September 29, 2021​ – MBO Partners®, the leading technology platform powering relationships between independent professional talent and enterprise organizations, has been named the second largest global player in its field per the new Talent Platform Landscape report from research firm Staffing Industry Analysts. Its recently acquired open innovation platform, MindSumo, was also named a leader in its category in the same report.

This research, SIA’s seventh iteration of its annual look at the state and evolution of digital talent platforms, focused on an expanding set of criteria for 15 unique talent platforms which together total more than $10.7 billion in annualized spend.

Per the SIA definition, Talent Platforms refer to a growing segment of digital platforms that facilitate direct, digitally-enabled contingent work arrangements, from sourcing through payment.

The platform enables a direct legal relationship between the manager and worker. These independent marketplaces enable managers to find and engage workers for specific work arrangements.

MBO Partners was named second-largest by global market share, occupying 9% of the total, behind Upwork (24%) but ahead of brands such as Fiverr (7%), GLG (5%), and Toptal (3%). MBO-owned open innovation and crowdsourcing platform MindSumo was named a category leader as well.

“The pandemic accelerated a number of macro trends in the world of work, among them, widespread adoption of the use of talent platforms—both branded and third party—to find, engage, and manage work with independent professionals,” said Miles Everson, CEO of MBO Partners. “In the new work landscape, savvy enterprises need more than ever to diversify their total talent management strategy, and this includes the use of platforms like MBO to engage, scale and optimize their independent professional workforce.”

The report finds deepened market penetration for talent platforms, with use by large organizations (1,000+ FTEs) growing from 14% in 2020 to 22% in 2021, a number broadly consistent with MBO’s own findings that 28% of enterprises currently leverage contingent labor, and that 40% of independents used a talent marketplace in the past year as a channel to find new work.

The market is forecast to reach $15.1 billion by 2022, a 21% CAGR from 2019-2022.

For more information about the new report, visit https://www2.staffingindustry.com/Research/Research-Reports/Americas/The-Talent-Platform-Landscape-2021-Update.

# # #

About MBO Partners®

MBO Partners is a deep jobs platform that connects and enables independent professionals and microbusiness owners to do business safely and effectively with enterprise organizations. Its unmatched experience and industry leadership enable it to operate at the forefront of the independent economy and consistently advance the next way of working.

For more information, visit​ ​mbopartners.com​

Media Contact

McLean Robbins
Vice President, Marketing
mrobbins@mbopartners.com

 

 

 

 

 

 

Related Posts

Hunt Scanlon
| < 1 MIN READ

Post-COVID Workforce Trends Driving the Labor Market

December 1, 2021

According to the BTG report, hand in hand with the Great Resignation, the Great Realization is a workforce trend in which “workers are re-examining the way they choose to pursue careers, find professional and personal fulfillment, and manage their income and lifestyles.” This isn’t a completely new development. As tracked by MBO Partners’ State of Independence Report, the…

Biznology
| < 1 MIN READ

The Number of Digital Nomads Surged Again in 2021

November 30, 2021

The pandemic-driven seismic shift to remote led to continued strong growth in the number of American digital nomads in 2021. The 2021 State of Independence research study found that 15.5 million American workers currently describe themselves as digital nomads, increasing 42% from 2020 and 112% from the pre-pandemic year 2019 (click on the study chart below to…

Blockchain.com
| < 1 MIN READ

Using cryptocurrency as a digital nomad

November 23, 2021

When it comes to connecting the world transnationally, the internet is today’s undisputed hero. And in a post-pandemic reality, an increasing number of people are harnessing the power of information technology and embracing a nomadic way of working and living. Since 2019 there’s been a 112% rise in American professionals who currently work and live…

Learn more about the MBO Platform

For Independent Professionals

Start, run, and grow your independent business with MBO

For Enterprises

Find, manage and retain top-tier independent talent