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Risk Mitigation

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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.

Mitigate Your Risks

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.
Reduce the Strain - Invest in Contingent Workforce Consultation Services

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.

The HCMWorks Blog

Contingent Workforce Recruitment Metrics: Time-to-Fill vs Time-to-Hire

Contingent Workforce Recruitment Metrics: Time-to-Fill vs Time-to-Hire

With the complex nature of managing a contingent workforce and the various new methods involved in acquiring top talent, the task of recruiting and hiring candidates (whether permanent or non-permanent) is becoming more difficult.

That’s why metrics are so important. Constant analysis of your recruiting processes will allow your organization to understand what’s working, what isn’t and what can be done better - ensuring you procurement and HR teams meet workforce targets and see valuable return on investment (ROI).

> Read More

Outsourcing Your Contingent Workforce to an MSP: Common RFP Mistakes and How to Avoid Them

Outsourcing Your Contingent Workforce to an MSP: Common RFP Mistakes and How to Avoid Them

If you’re struggling with your current contingent workforce management practices it’s likely that your company is considering engaging a managed services provider (MSP) for their in-depth knowledge and expertise.

That’s great news! An MSP that specializes in the contingent workforce will ensure your company has a centralized management strategy that reduces your costs, prevents inconsistent hiring techniques, improves your access to top talent, increases your visibility and control over workers and much more. 

> Read More

4 Key Metrics for any Contingent Workforce Managed Services Program (MSP)

4 Key Metrics for any Contingent Workforce Managed Services Program (MSP)

If you are reading this blog then it’s likely that your considering a strategic partnership with a managed services provider (MSP), helping you to implement and manage the complex components of your company’s contingent workforce management program.

Whether this is true, or you are taking on the management of your non-permanent workers in-house, understanding how you will measure success is one of the most fundamental aspects of a well-functioning and effective contingent workforce

> Read More