MarketRates.AI announces strategic partnership with WageScape to provide Procurement and Human Resources with a complete view of the labor market.
Partnership combines MarketRates.AI's contingent workforce engagement data with WageScape's real-time global compensation data through a licensing and revenue-share reseller arrangement
Delray Beach, FL — September 3, 2026 — As a procurement provider, MarketRates.AI provides buyers with detailed views of engagement worker pay rates, markups, and agency billing rates globally. WageScape, a leading provider of real-time global job posting and compensation data provides Human Resources with a comprehensive view of salary demands for jobs globally.
“Procurement buys labor while Human Resources hires labor,” says MarketRates.AI CEO Joseph Musacchio, “There is a lot of savings to be claimed when Procurement digs into the market details.” By partnering with WageScape, MarketRates.AI customers can now understand the options to engage labor as employees or contractors.
"For the first time, we're bringing together the breadth and immediacy of WageScape's global data with the deep, contingent engagement expertise that MarketRates.AI has built. Customers no longer must choose between broad market context and specialized rate precision — they get both, in one relationship." said Cary Sparrow, CEO of WageScape.
MarketRates.AI advises its customers to incorporate both MarketRates.AI and WageScape into both their strategic and tactical planning. “The market changes. The educated Procurement buyer can plan for the year but also pivot in real-time to capture savings. And for some, it may be the first time they can collaborate with Human Resources to align both contingent and employee strategies,” advise MarketRates.AI CEO Joseph Musacchio. "This partnership is a game changer for how the industry understands labor rates," said Cary Sparrow, CEO of WageScape.
“It’s a one-stop shop. Providing real-world engagement data to WageScape’s customers is like opening the playbook for Procurement customers.” says MarketRates.AI CEO Joseph Musacchio.
Why It Matters
- A complete picture, not a partial one. Contingent workforce programs have historically had to stitch together general compensation data and contingent-specific rate data from separate sources. This partnership brings both into a single, connected intelligence layer.
- Aligned incentives. As a revenue-share reseller of MarketRates.AI, WageScape is directly invested in the platform's success as a market partner.
- Buying versus Hiring: Procurement Teams buy contingent labor from vendors. Human Resources hires employees from a candidate pool. Both need the unique insights to plan effectively that MarketRates.AI and WageScape can provide.
About WageScape
WageScape provides real-time, forward-looking global pay and labor market data drawn from hundreds of millions of job postings and company-originated pay sources. Its data covers salaries, role and company detail, industry, and location, delivered through a consumption-based data-as-a-service model with revenue-share licensing available to application developers, consultancies, and enterprises.
About MarketRates.AI
MarketRates.AI is a global workforce rate intelligence platform built specifically for contingent labor. The platform helps organizations benchmark pay rates, bill rates, statutory employer costs, supplier margins, and fully loaded workforce costs. Engagement data is processed and then validated globally by local recruiters called Talent Turks maintaining accuracy all the world.
Designed for MSPs, staffing firms, VMS and workforce technology providers, procurement teams, HR leaders, and enterprise workforce programs, MarketRates.AI brings greater transparency to the economics of contract, temporary, and non-employee labor. Its market data, analytics, and AI-assisted tools help organizations price roles, validate rate cards, compare markets, evaluate supplier costs, and make more informed workforce decisions.
While traditional compensation data is primarily designed around permanent employee salaries, MarketRates.AI focuses on the additional variables that shape contingent workforce pricing, from worker pay through employer costs, supplier margin, and client bill rate.
Media Contact
MarketRates.AI Joanna Garcia, VP Product Development | [email protected] | 475 323 7443
