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Blog

BOO! The Specter of Costly Misclassification Audits Rises this Halloween

Oct 30, 2017 3:04:33 PM

Neither ghouls, goblins or ghosts strike as much fear into the hearts of workforce management practitioners as does the specter of a costly worker misclassification audit by the IRS, DOL or state. We have all read the gruesome tales of multi-million-dollar judgments against FedEx, Microsoft, Uber and other top-tier businesses. But this is a problem that can haunt mid-market organizations just as frighteningly as the big guys. State after state has recently announced the deployment of new efforts to rein in rampant IC misclassification abuses and improved linkages/information sharing with the feds. Here are some of the latest.

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Topics: Blog, Compliance Services, Risk Management, Workforce Management, Independent contractors

Cost Savings, Risk Avoidance: Twin Foundations of Any Successful MSP

Jun 14, 2017 4:57:56 PM

In the most basic sense, companies engage a managed services provider (MSP) to oversee their contingent workforce because they realize they can capture significant cost savings by outsourcing to someone with specialized expertise. It’s true, engaging an MSP can relieve an HR department from the labor-intensive processes associated with fielding a contingent workforce, but there’s much more to a successful MSP than efficient sourcing. Let’s look at some of the cost savings benefits commonly associated with a successful MSP as well as some of the risk avoidance benefits not as frequently examined.

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Topics: Blog, Risk Management, Cost avoidance, Cost savings