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How much does it cost to build a talent marketplace app?

Standard price for a talent marketplace app: $37,500

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What is a talent marketplace app?

A talent marketplace app is a web or mobile application that enables employers to post jobs, view resumes, and contact job candidates. Talent marketplace apps typically include features such as a searchable database of resumes and profiles for job candidates, an interface for posting jobs, and options for employers to schedule interviews with the most promising candidates.

Talent marketplace apps are similar to many other business-to-consumer/business-to-business services apps. Examples include Freelancer, Upwork, AngelList, and Fiverr.

Here are some recent talent marketplace app examples built with Xperts:

  • Indeed/Zip Recruiter for political campaigns. Full digital solution for campaigns and a marketplace for associated jobs.

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  • An app for hiring contract employees.

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What is the typical cost to build a talent marketplace app?

A talent marketplace app usually costs $37,500 to build. However, the total cost can be as low as $25,000 or as high as $50,000. A talent marketplace app with a low number of features (also known as a "minimum viable product", or MVP) will be more affordable than an app that includes all intended functionality.

For example, here are some recent talent marketplace app price quotes from Xperts:

  • $45,000

  • $22,500

Here are some considerations that may impact the cost of a app:

How long does it take to build a talent marketplace app?

A talent marketplace app usually takes 450 hours to build. However, a talent marketplace app can be built in as few as 267 hours, or in as many as 667 hours. The exact timeline mostly depends on how complicated your app is. As a general rule, it will take longer if you require highly custom designs, niche features, or non-standard release platforms.

For example, the most recent talent marketplace apps built with Xperts received the following hourly estimates:

  • 600

  • 300

How to successfully grow your talent marketplace application

A talent marketplace app grows by expanding its total market size. To do so, a talent marketplace app needs to find ways to make itself attractive to a wider range of users, such as by providing employer-specific functionality and modifying the compensation model for users who work through a platform like Uber. In order to attract the most talented workers on the platform, a talent marketplace app may want to offer exclusive opportunities or discounts that are not available on other platforms.

Risks and challenges of building a talent marketplace application

Talent marketplace apps face risks related to the representation of companies, the verification of worker credentials, and the protection of sensitive employee data. Before developing a talent marketplace app, you will want to ensure that you have built mechanisms for verifying credentials and for protecting confidential company information. It is recommended that you consult with legal counsel to ensure that your app meets all employment legal requirements in your target market.

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