Staffing Industry Analysts' Products and Services
Six Critical Areas of Risk
The use of contingent labor is expected to become a more critical element in the corporate strategy. And that it will increase overall in the coming years. Couple that with complications with healthcare reform, an intensified hunt for misclassified independent contractors and the perils of the work environment -- some are more risky than others -- and you may have what many have called "the perfect storm."
Chances are your legal team is swamped addressing issues around your regular workforce, and can scarcely pay attention to your CW challenges (much less stay up-to-date with CW related legal requirements). And, even more important, CW risk is not confined to the legal realm.
We've identified 6 critical areas of risks related to your use of a contingent workforce. Left un-managed, these risks expose your company to a potentially significant loss of money, reputation, security, and competitive advantage, not to mention the potential loss of freedom for your company's executives (that's right, jail):