Mainstream news stories confirm that 2017 promises to be impacted by regulatory requirements with the looming repeal of the Affordable Care Act (ACA), economic uncertainty and continued innovation; specifically affecting the contingent workforce. Companies that rely on contingent/temporary/freelance workers should consider whether the timing is right to partner with services/software providers who can help address the changing contingent workforce management landscape.
- ACA: No matter what it is called, Congress may immediately repeal ACA. No one can be sure what this means to employers, but a repeal will introduce cost/compliance issues. POV: Partner with a provider that has an in-depth understanding of both the ACA, as well as worker classification guidelines including the Fair Labor and Standards Act (FLSA) and the IRS’ Categories of Evidence.
- Statement of Work (SOW) Management: 2017 is likely to bring continued expansion of the use of SOW project-based labor, increasing the size of a blended workforce (FTEs, temps, contractors, project-based consultants, etc. POV: Explore solutions and partners that enable companies to gain complete control and hit key SOW project milestones while remaining in budget.
- Private Talent Networks: Forward-looking companies are tapping into their employees’ networks to directly source professional contingent (temporary) talent. POV: Taking this approach will significantly reduce costs while maintaining high quality from contract workers who are pre-vetted or already known to the organization.
- 1099 IC Compliance: Every year brings new bill proposals, threats of increased audits and countless white papers from legal experts urging 1099 compliance. 2017 will likely be another year of great change. POV: Collaborate with a provider that demonstrates deep expertise and robust tenure helping companies build and manage 1099 compliance programs (history matters with the IRS).
- Omni-channel Platform: Organizations are optimizing their operations through cloud technology; specifically creating an omni-channel experience to untether managers and workers from their desks. POV: Leverage a Vendor Management System (VMS) with a comprehensive mobile platform; specifically a technology solution that can be executed from a smartphone, tablet, or wearable to increase productivity and flexibility.
- Staffing Supplier Management: Effective supplier management produces cost-savings and significant competitive advantage in the war for top-tier talent. Common challenges include measuring performance and optimization of the supplier pool using deep data analytics. POV: Learn how a purely vendor-neutral, integrated Managed Services Program (MSP) and VMS provider can deliver all of the above, at no additional cost using a supplier funded model.
There are a number of contingent workforce services and technology solutions that can help your company confront these regulatory and changing environments to provide you with a competitive advantage.
If you or a member of your team would benefit from further discussion on how PRO is helping companies implement winning contingent workforce management programs globally, please contact a PRO representative at 800.291.1099 or email at firstname.lastname@example.org.
Disclaimer: The content in this blog post is for informational purposes only and cannot be construed as specific legal advice or as a substitute for legal advice. The blog post reflects the opinion of PRO Unlimited and is not to be construed as legal solutions and positions. Contact an attorney for specific advice and guidance for specific issues or questions.