The rise of digital technologies has significantly reshaped the way talent is recruited and managed. This transformation is far from over and is expected to accelerate in the coming decade. In this context, marketplaces play a key role by connecting businesses and talent quickly and efficiently. Here are the main advantages they offer.
1. Reducing costs
By publishing a request for proposals on a marketplace, companies can analyze trends in average daily rates practiced by suppliers. This transparency helps to identify experts offering competitive pricing, enabling businesses to reduce their costs. A study conducted by LittleBig Connection revealed that clients publishing their requests for proposals on the marketplace saw an average 9% decrease in daily rates since the platform's deployment.
This is also since freelancers using a platform are only subject to one margin, which is the fee of the intermediary facilitating the connection. In the case of LittleBig Connection, for example, margins are transparent, pre-agreed by both parties, and formalized in the contract.
2. Challenging the quality and pricing of existing suppliers
For companies that wish to continue working with their existing preferred vendors, marketplaces still offer valuable benefits. By publishing requests for proposals on a marketplace, companies can introduce competitive pressure and benchmark the quality of the profiles they receive.
With visibility into the prevailing market rates, procurement teams gain powerful negotiation levers to secure better pricing or higher-quality services. This is particularly valuable when renewing a mission or reassessing supplier relationships.
3. Accessing more qualified and innovative profiles
Publishing a request for proposals on an international marketplace gives businesses access to a broader talent pool, especially for rare or niche expertise. By removing geographic limitations, companies increase their chances of discovering qualified professionals who are well suited to their specific needs.
LittleBig Connection provides access to a global community of over 500,000 experts across 50 countries. The platform also supports targeted talent acquisition campaigns when specific profiles are required.
Real-life examples from LittleBig Connection clients reinforce the advantages of using a marketplace. A global leader in sporting goods leveraged the marketplace to reduce the average daily rates of freelancers. Meanwhile, a major player in the construction sector bypassed traditional IT service companies and directly accessed skilled freelancers, thereby reducing intermediary commission fees.
In conclusion, opening requests for proposals on a marketplace like LittleBig Connection is a winning strategy for businesses aiming to stay competitive in today’s digital economy.
To learn more about how LittleBig Connection can support your sourcing strategy, contact our team.
