Fewer processes, automated compliance, and other benefits of software with employment built in
Managing a contract workforce program used to require various tools for hiring, onboarding, and administration. Traditionally, companies worked with many different vendors, which made the process complicated and inefficient.
Today’s technology allows new levels of integration that weren’t possible even 5-10 years ago. Software platforms can now run several important functions of service (such as employment) from one place. This creates a more seamless experience for handling worker engagement, management, and other transactions. It’s a big change compared to how things used to work.
When software has built-in employer of record (EOR) features, companies can work more directly with talent and rely less on the following parts of the talent ecosystem:
Managed Service Providers (MSPs): The need for MSPs can be reduced or eliminated when software has built-in employment. With services managed under the EOR, MSPs may become unnecessary.
Staffing Firms: As talent comes directly through a talent pool or the EOR provider, staffing firm usage can be greatly reduced. Their efforts may still be useful sometimes, but direct access to talent becomes the main hiring method.
Multiple Tech Companies: When employment is embedded into one platform, it lessens the need for extra technology. The platform provides access to all channels and is the gateway for workforce access.
Platforms with built-in employment features standardize processes across all workforce management tasks. This includes:
Workflow Automation: The platform automates routine tasks and workflows, enforcing processes and reducing manual effort.
Policy Enforcement: Built-in features ensure compliance with internal policies, industry standards, and other requirements. They also handle payment through a tax-compliant process to ensure that workers are paid accurately based on agreed terms.
Additionally, a built-in EOR is essential for connecting to direct talent strategies in several key ways.
On-Demand Sourcing: Direct sourcing and talent platforms, marketplaces, and pools are growing quickly. Each requires EOR services for employment.
Embracing Innovation: These direct-to-talent models are further enabled by integrating EOR services and drive future innovations in the contract workforce space.
Connecting People: Software solutions combined with EOR services support the evolution of direct talent models and the growing gig economy market that more clients will use in their talent channels.
By virtue of software and employment combined under one roof, HireArt resolves common industry challenges around transparency, process inefficiency, on-demand sourcing, and compliance in ways that have not previously been possible.
Learn more by scheduling a demo today.
