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:
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.
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.
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.
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:
Prior to COVID-19, the Canadian economy experienced declining rates of "brain drain" sustained over three years. While it is unclear whether this decrease is perpetuated by increasing opportunities in Canada or limited international mobility due to pandemic restrictions, businesses are in a position to capitalize on the accelerating job market. To do this, employers need to bolster their talent acquisition strategies to find quality talent in an increasingly competitive environment.> Read More
As COVID vaccination rates increase, some businesses look to legislation mandating guidelines. Some businesses plan to transition from remote work settings in light of current vaccination statistics. With 47.3 percent of US residents and 45.2 percent of Canadians have received their first vaccine dose, businesses aspire to open their doors again. However, how viable are company vaccine mandates? Can employers enforce vaccine mandates? There certain legal and ethical considerations that come into play.> Read More
Deloitte recently released the results of their annual Global Chief Procurement Officer (CPO) Survey. The findings paint a picture of the struggles and successes of industry leaders during the new phase of post-pandemic recovery. With results from a sample of 400 respondents from over 40 countries, the statistics provide a global perspective on how CPOs are expected to shift their procurement strategy focus from operational efficiency to agility. This shift may be the key to adapting and adjusting in the face of adverse and unexpected economic fluctuations.> Read More