What is a SpaaS Talent Marketplace Platform in Temporary Staffing?

If you stay up to date with staffing industry news, you probably have heard the term “SpaaS” recently in the staffing tech space. In this blog, we’ll cover what SpaaS is and why it is an emerging market that’s worth getting familiar with.

SpaaS stands for Staffing Platforms as a Service. These products serve as talent marketplace-like softwares for staffing agencies, but better because they are customizable, scalable, and offer different models depending on the vendor. For example, some vendors offer only parts of tools that staffing companies need to deploy a talent marketplace, such as a worker app, while others offer onboarding or payroll.

Traditional staffing processes are becoming more and more automated as the global workforce becomes flexible and on-demand. To keep up, over recent years staffing companies are increasingly turning to technologies such as ATS systems and payroll integrations, for example, to help.

Moreso, SpaaS platforms encompass a myriad of recruiting tasks into one compact tech suite, including onboarding, vetting, and scheduling. They automate these key components of traditional staffing and presenting them as an out-of-the-box talent marketplace for staffing firms. They typically include user platforms for recruiters, clients, as well as workers.

The main goal of an SpaaS platform is to automate the manual parts of the recruiting process so that candidates are matched quicker to jobs and more jobs are filled. Similarly, the outcome of a good SpaaS implementation is self-service for your candidates and clients, meaning that they can sign-up, onboard, workers can browse and apply for jobs, and clients can place orders without the need for a recruiter or your team’s intervention.

SpaaS softwares can be branded white-label, end-to-end integrated experience from onboarding to payment and invoicing. They are a super-charged, Uber-like software for staffing companies placing on-demand job orders.

10 Key tools and processes that SPaaS platforms include:

1. Onboarding
2. Credentialing
3. Candidate profiles
4. Scheduling
5. Job matching
6. Vetting
7. Ratings
8. Timesheets
9. Geo-location
10. Payments and Invoicing

There is no doubt that SpaaS models are here to stay and have the potential to dominate the temporary/contract staffing space over traditional staffing methods and talent marketplaces.

To learn more about Wolf’s SpaaS solution for temporary staffing companies, click here to book a free demo call with us today.