Don't wait for disaster: Shield your business from compliance risk

Mitigate compliance risks

Is your contingent workforce truly compliant? Guess what, it's most likely not.

With the rise of contingent labor, compliance challenges are growing.

Imagine software that can SHOW you where you are at risk with your contingent workforce program. Learn how to shield your business and secure compliance peace of mind.

A Vendor Management System (VMS) can provide a transparent analysis of all stages of the procurement lifecycle which gives you greater control and the ability to enforce procurement policies. It can also mitigate exposure to compliance risks.

What are the risks?

At a minimum, misclassification and other mishandling of external labor can lead to cost overruns, inefficiency, and loss of physical, and/or intellectual property.

At worst, they can lead to litigation, fines, and payment of statutory remittances and employee entitlements, all accompanied by adverse publicity and reputational damage.

Workforce regulations and policies - what, where, why?

International compliance comes in a range of shapes, sizes, and severities. From well-known regulations to obscure regulations too. Here is a sample of two regulations that our VMS will alert you about:

  • IR35 -  all large- and medium-sized private sector businesses must determine whether freelance staff and contractors they engage in the UK are true Professional Service Companies (PSCs) or really “disguised employees.”
  • Tax Identification - Workers must be correctly identified according to the tax requirements of their region; the DBA act in the Netherlands and the EU Enforcement Directive on the posting of workers. 
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Secure the future of your contingent workforce with the right VMS technology

Leverage technology, streamline workflows, and gain expert insights for flawless contingent workforce management.

A VMS offers comprehensive visibility and process support, reducing misclassification concerns.

  • Empowers users with compliance tools to ensure correct contingent worker classification.
  • Guidance on trends, legislation, and risk-focused contingent workforce management to ensure risk mitigation is always top of mind.

Take charge of you contingent workforce today!

Unlock success: Download eBook and discover all VMS benefits.