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:
Managed service providers (MSPs) can manage a wide range of aspects within your business, from IT to payroll. Within the last few years, however, their importance to contingent workforce management has been undeniable.
Organizations that partner with an MSP that has experience in contingent workforce management will realize significant benefits. By leveraging years of experience alongside personnel with specialized skill in contingent workforce management, an MSP can help your business to quickly establish a fully functional and effective contingent workforce management program.> Read More
Today’s businesses must face more competition from competing firms and impress a consumer that is more knowledgeable than it has ever been before. This means that employing the right staff, as well as being agile enough to adapt to change, is essential for any business looking to thrive in the 21st Century.> Read More
An article from Forbes last year predicted that the workforce of the future will no longer be made up of full-time employees, but rather an increasing number of companies would look to build a “blended workforce”.
With recent statistics showing that around 30 per cent of the US workforce currently works on a contingent basis, a number that could reach as much as 40 per cent by 2020, it’s easy to see why building a blended workforce is becoming increasingly popular for many businesses.> Read More