Mitigate Risk, Reduce Costs And Manage Your Contingent Workforce

Today’s on-demand, gig economy has made it more advantageous than ever before to engage workers on a temporary basis, be it through staffing agencies, service providers or directly as freelancers or independent contractors. This shift from a largely 9-to-5 permanent workforce to a flexible contingent workforce, is convenient for both sides, but is not without risk.

Overall, a mismanaged contingent worker program can carry hidden costs, and expose you to significant risks: billing and timesheet fraud, third party risk, co-employment risks, and long-tenure entitlements to name a few.

How is your organization impacted by the rapidly changing local, state and federal legislations across multiple jurisdictions?

HCMWorks will help you assess your risk profile from multiple points of entry to recommend and design a workforce management solution that is layered to provide you end-to-end compliance, effectively mitigating your total risk.

Below are the core areas in which we help organizations reduce their risk:

Employee Classification Management
Co-Employment Risk Management
Tenure Management
Liability and Insurance Management
Program Administration & Compliance
Consistent Onboarding & Offboarding
Supplier Validation and Risk Assessment
Contract Management
Directly Self Sourced Contractors (Independent Contractors/Temporary Workers)

A properly managed contingent workforce program can protect your organization against many risk vectors, across all categories of non-permanent workers, be it through staffing vendors, directly sourced candidates, independent contractors and SOW resources. HCMWorks will ensure your can confidently draw from the benefits of this increasingly important pool of human capital without exposing yourself to undue risk.

Reduce risk by outsourcing your contingent workforce payroll

Most business owners do not have the knowledge nor experience needed to properly determine whether a worker is in fact an independent contractor. If the thought of facing a potential misclassification lawsuits worries you, don’t chance it. You need professional advice, and we can help.

Outsource your continent workforce payroll to professionals who have the expertise needed to get it done right.

Invest in Contingent Workforce Consultation Services

To avoid class-action lawsuits, your company should consider investing in contingent workforce consultation services.

Worker misclassification is no joke. Are you 100% certain that your contractors are properly classified? How are you making sure that you are following all federal, provincial and state policies to avoid misclassification and potential lawsuits?

HCMWorks will help you properly classify all of your current and future workers.

Order From Chaos: Taming the Contingent Workforce Marketplace White Paper

Contingent labor is increasingly attractive to organizations looking for ways to reduce costs, increase flexibility, and extend capabilities through better access to talent. But your contingent workforce also poses several significant challenges that need to be addressed.

In this white paper, we examine:

How your business can readily fill the talent gaps in your organization through the effective use of contingent workers.
Four key contingent workforce challenges you need to address.
How to protect your business from the risks of employee misclassification.
Ten concrete steps you need to take to reduce the costs and the complexity of managing contingent workers.

Download Resources

Order From Chaos: Taming the Contingent Workforce Marketplace White Paper

The HCMWorks Blog

5 Ways Your Organization can Handle an Employee Skills Shortage

Struggling to find skilled workers that will take your organization to the next level and support further growth? Don’t worry, you’re not alone.

In fact, the shortage in skilled workers is a common concern for businesses all across the globe right now, and it is no different in the US and Canada. SkillsUSA estimates that 10 million skilled workers will be needed by 2020 and that 600,000 skilled jobs are currently going unfilled.

> Read More

What is Procurement and What Does it Involve?

Growth and expansion are at the top of the agenda for any business. However, to foster growth and to encourage the seamless operation of your business, it’s essential that you establish some well-thought-out processes that get the best out of your resources.

Setting up departments with expertise in a specific field, creating company-wide processes and having a plan for expansion will put your company in the best possible position to expand over time.

For any large organization looking to grow and improve their revenue, procurement must be an essential part of their company’s processes.

> Read More

What is Candidate Relationship Management (CRM) and how can it Benefit my Company’s Contingent Workforce?

Attracting new and high-quality talent is one of the biggest challenges to the modern HR and procurement teams. That’s why the development of a talent acquisition strategy is absolutely essential for the success of your business.

> Read More

Risk Mitigation

Mitigate Risk, Reduce Costs And Manage Your Contingent Workforce

Reduce risk by outsourcing your contingent workforce payroll

Invest in Contingent Workforce Consultation Services

Order From Chaos: Taming the Contingent Workforce Marketplace White Paper

The HCMWorks Blog

5 Ways Your Organization can Handle an Employee Skills Shortage

What is Procurement and What Does it Involve?

What is Candidate Relationship Management (CRM) and how can it Benefit my Company’s Contingent Workforce?

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