In today’s on-demand, gig economy, contingent or non-permanent workers represent a growing proportion of the workforce – by some estimates an average of 35% nationwide.
More and more organizations are turning to direct sourcing in combination with – or in lieu of – traditional staffing vendors for the recruitment of independent contractors / 1099 workers because of the cost savings it affords.
However, there are a number of challenges with any form of non-permanent worker that need to be addressed, including the risk of co-employment.
HCMWorks Flexible Payment Solutions enable organizations to avoid co-employment challenges by the IRS, Revenue Canada, DOL and other state / provincial, and federal agencies, as well as streamline the procurement and payment process.
HCMWorks will retain your 1099 / IC workers on your behalf, screen and vet them, ensure that they are actually qualified to be classified as an independent contractor, and manage the full contract lifecycle. We then ensure you save on administrative costs and consolidate payments into a single monthly invoice. You get peace of mind and convenience in a single package.
A Flexible Payment Solutions provides your organization with significant benefits and peace of mind including:
Key benefits that set us apart!
Learn more about why HCMWorks could be the right choice for your Flexible Payment Solutions.
Read this case study and learn how we helped save 23% in contractor labor costs for this client.
Our solution included: