<img height="1" width="1" style="display:none;" alt="" src="https://dc.ads.linkedin.com/collect/?pid=22574&amp;fmt=gif">

Risk Mitigation

06_hcm_ris_1_320x530.jpg

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

Ready to Take the Next Step with Your SME? The Contingent Workforce Will Help

Ready to Take the Next Step with Your SME? The Contingent Workforce Will Help

For many small businesses, the time comes to switch gears and plan a scale-up strategy to drive the next phase of growth. Talent acquisition could be a make or break step in this process - a business that moves too soon with full-time employees could find itself overstaffed and struggling with new employees that lack the experience they need.

> Read More

Why a Vendor Neutral MSP is the Way Forward

Why a Vendor Neutral MSP is the Way Forward

Today’s younger generation of highly skilled and high performing workers are increasingly participating in the contingent labour workforce, in a bid to trade job security for increased freedom and flexibility. Companies are adapting, and it’s estimated around 40% of the U.S. workforce is currently made up of temporary contract workers, independent professionals, freelancers, and contractors or consultants. 

> Read More

Access Top Talent with the Help of a Managed Services Provider

Access Top Talent with the Help of a Managed Services Provider

There is no denying the significance of contingent talent in today’s labor market, and having visibility of your contingent talent is imperative to a successful contingent strategy - this is where a managed services provider (MSP) can help.

With the implementation of a MSP program, companies are able to augment their staffing levels more dynamically for special projects, work around headcount restrictions, improve coverage during peak periods and obtain top talent quickly. 

> Read More