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Contingent Workforce Management

The contingent workforce is on the rise. Some 34 percent of the workforce performed some form of freelance or contract work in 2014. And with an increasing reliance on this type of worker comes a heightened importance on the management of them.

Contingent workers present some unique challenges to managers. They can come and go as needed. They may work remotely and never actually be seen. They are paid differently, work different schedules and have different rights.

But perhaps most importantly, contingent workers must be managed in a way that allows them to remain contingent under the guidelines set forth by the IRS.

Should a worker’s relationship with an employer overstep certain boundaries, that worker may be deemed as an employee and not a contingent worker. And this classification — or worse, a misclassification — can have significant consequences for employers.

Now Hiring Managers

To better manage the contingent workforce and protect themselves against IRS classification penalties, companies everywhere are turning to the support of TalentWave. TalentWave is the largest provider of contingent workforce solutions, and just some of our resources include:

  • A professional payrolling service for contingent workers
  • A networking application designed for the re-engagement of qualified workers
  • Easy validation for independent contractor compliance 
  • Vendor qualification
  • Subcontracting
  • Employer of record services
  • Tax filings 
  • Background checks, drug tests and other hiring protocol

We help clients engage and manage a contingent workforce that's geographically dispersed, and we do it with an award-winning cloud-based platform that lets you stay on top of matters at any time from any location.

To see how you can better manage your contingent workforce with TalentWave, fill out our submission form, and one of our experts will contact you within 24 hours to discuss your needs. Today’s workforce is increasingly contingent. Your management of it shouldn’t be.

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Sources

Freelancer's Union: http://fu-web-storage-prod.s3.amazonaws.com/content/filer_public/c2/06/c2065a8a-7f00-46db-915a-2122965df7d9/fu_freelancinginamericareport_v3-rgb.pdf

IRS: https://www.irs.gov/businesses/small-businesses-self-employed/independent-contractor-self-employed-or-employee

There's Much More

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