
February 2018: Month in review
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Venturing into the realm of temporary staffing can seem like a daunting leap for agencies traditionally focused on direct staffing, especially when considering the hefty investment and complex infrastructure needed to get started. Engaging the right partner can lower those barriers to entry. An Employer of Record (EOR) mitigates the substantial upfront costs and compliance challenges, making the pivot to offering lucrative temporary staffing solutions not just possible, but seamless. Let’s explore how an EOR can be the key to unlocking a new dimension of services–without the headache of overhauling an entire operation. In short: forging a strategic alliance can be a very lucrative game-changer for staffing agencies.
As the official employer, an EOR lightens the administrative load, simplifies the complexities of onboarding and managing payroll, and minimizes compliance concerns.
An EOR enables painless, hassle-free expansion into temporary staffing by eliminating the need to build new systems or take on the associated costs and complexities. An EOR already has the operational frameworks in place to handle the accounting, HR, legal, and administrative functions traditionally needed for temporary workforce engagement.
Relieved of the burden of backend administrative duties, agencies gain the freedom to dedicate more energy toward core activities such as talent acquisition, business growth, and cultivating deeper client connections.
With its streamlined and budget-friendly approach to managing a workforce, an EOR makes it financially viable to extend operations without compromising on efficiency.
The necessity to establish separate legal entities for each new market is eliminated, allowing for rapid scale-up and market penetration without the usual legal roadblocks.
An EOR accommodates a variety of employment scenarios—whether it’s temporary, contract, or permanent positions— enabling tailored solutions that meet the unique needs of clients and candidates.
With the infrastructure in place, scaling operations and adjusting to evolving business demands becomes embarrassingly easy.
An employer of record service allows staffing agencies to seamlessly integrate temporary staffing into their service portfolio, enriching their business model with minimal initial investment and operational adjustments. This strategic move not only diversifies revenue streams but also positions recruitment agencies at the forefront of flexibility and scalability in the competitive staffing arena. This opens doors to new prospects and lays the groundwork for revolutionary success. If you’re looking for a partner with a multifaceted strategy to surpass traditional limits and achieve scalable growth, we’re here for you!
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Do you hear that? It’s the sound of companies with large contingent workforces digging through piles of paperwork, shipping out tax documentation, tracking down addresses, updating changed addresses, fielding endless calls from freelancers, and running around like chickens who have been recently separated from their heads. During Tax Day, and tax season, managing freelance payroll is more than just […]