SAN FRANCISCO, Jan. 12, 2021 /PRNewswire/ -- PRO Unlimited, a global innovator in contingent workforce management, today announced the acquisition of PeopleTicker, a leader in compensation data specializing in contingent labor rates and hiring intelligence globally. The companies' combined technologies enable HR, talent acquisition, procurement and compensation professionals to access strategic insights and market rate benchmarking to better attract and retain talent while reducing costs. The PeopleTicker addition supports PRO's commitment to invest in its clients, advance innovation and enhance the power of PRO's contingent workforce management platform the Global 2000 relies upon.
Today, the war for talent is more strategic and mission critical than ever as the contingent workforce rapidly approaches a full 50% of all white-collared skill workers. As a result, high-quality, accurate market rate data in hundreds of markets across thousands of job titles has never been more important as enterprises increasingly globalize their programs. Also, many compensation experts have a great need for on-demand access to accurate market rate data required to optimize hiring decisions. Lacking robust market intelligence, these organizations frequently pay higher market rates by role and/or location, resulting in significant unnecessary spend and highly sub-optimized talent placement.
To help address this need, PRO has expanded the capabilities of its contingent workforce management platform by acquiring PeopleTicker's data science and market rate intelligence. PeopleTicker uses machine learning and industry-expert crowdsourcing to assemble the most comprehensive, accurate, current global market rate data in the industry. Extensive expertise with salary and contingent labor categories along with hands-on experience of global labor markets has made PeopleTicker a trusted partner to many leading brands across 160 countries. With PeopleTicker's global data and rate intelligence exclusively coupled with PRO's industry-leading Managed Services Program (MSP), Vendor Management System (VMS), payroll/compliance and RatePoint business intelligence software and services solutions, Global 2000 companies will have direct access to this intelligence. This enables $10s or $100s of millions annually in optimization as organizations look to scale and efficiently manage the costs of their white-collar, contingent talent programs.
"Now more than ever, companies are seeking ways to win the war for talent as the white-collar world shifts to contingent vs. full time. They need to lower spend, reduce complexity and source the best talent possible given the massive acceleration – globally – of the contingent workforce segment," said Kevin Akeroyd, CEO, PRO Unlimited. "We are excited that we can now offer clients the most optimal and advanced data and intelligence solution available in the market to meet their sourcing needs around the world. This acquisition strengthens our comprehensive data, software and services platform while delivering the innovation that the industry has been waiting for. This offering is now exclusively available through our Wand VMS and RatePoint SaaS solutions, as well as a suite of DaaS solutions to further enable our clients' success. It also further differentiates PRO's platform in the marketplace, as no one else in the industry has this combination of solutions for the modern, global enterprise."
"Our primary goal has always been to focus on the specialization and nuances of sourcing non-employee labor. Harnessing the power of data and analytics and making it easily accessible to companies provides them with a unique competitive advantage," said Joseph Musacchio, CEO and President, PeopleTicker. "PRO Unlimited was the clear choice when searching for an organization to deliver our technology to the world. We couldn't be more pleased about the opportunity to have PRO bring our vision to light."
This announcement comes on the heels of PRO's recent launch of RatePoint, the industry's most powerful rate intelligence SaaS offering. RatePoint SaaS combined with PeopleTicker DaaS will enable organizations to more quickly source and accurately price contingent labor anywhere in the world. This acquisition will expand PRO's already large global footprint and strengthen its comprehensive and integrated platform with the addition of true data and intelligence solutions to its SaaS and services solutions.
About PRO Unlimited PRO Unlimited offers the industry's most comprehensive and holistic platform for contingent workforce management, and helps organizations around the world address the costs, risks and quality issues associated with managing the non-employee workforce. PRO's platform consists of integrated SaaS software and services solutions that are built on the world's most robust contingent workforce data set, spanning over 30 years. A pioneer and innovator in the industry, PRO's platform provides solutions for the procurement and management of contingent labor, global rate intelligence, direct sourcing, 1099/co-employment risk management, third-party payroll, and diversity and inclusion. http://www.prounlimited.com