Start-ups often grapple with the financial burden of getting operations off the ground. From acquiring necessary insurances to setting up a robust administrative infrastructure, the costs can quickly spiral, causing financial stress.
Navigating employment and taxation laws is a significant challenge. The legal landscape is complex and ever-changing, making it tough for firms to ensure compliance. Non-compliance can lead to legal risks, which can be costly and damaging to the firm's reputation.
Administrative tasks such as worker onboarding and offboarding, timesheet management, invoicing, and payroll processing can be overwhelming. These tasks demand significant time and resources, leading to slower business growth.
Ensuring a steady cash flow is critical for the survival and growth of staffing firms, but managing client payments and worker compensation can be tricky, especially with delays or missed payments.
Choosing to handle back office operations in-house adds to the challenges. In-house teams need time to learn and adapt to the complex legal landscape and administrative tasks. There are also the additional costs of setting up and maintaining an in-house back office which can drain financial resources.
Agile Partnering takes responsibility for a range of back-office administrative tasks, freeing up staffing firms to focus on core business activities. These services include:
• Worker onboarding and offboarding
• Timesheet management
• Invoicing and accounts receivable
• Payroll processing
• Reporting
Agile Partnering ensures that staffing firms remain compliant with federal, state, and local employment laws, effectively mitigating legal risks. The EOR service includes workers' compensation insurance, comprehensive client-facing insurance coverage, and credit risk mitigation.
Agile Partnering provides a ready-to-use software portal, easing the administrative burden. The portal offers easy access to onboarding processes, timesheets, pay stubs, benefits, accounts receivable, accounts payable, and managerial reports.
Agile Partnering's EOR service includes embedded payroll funding, ensuring a steady cash flow. The non-recourse funding model allows staffing firms to leverage their clients' credit worthiness, eliminating the need for external financing.
Our specialized Employer of Record services offer customized solutions for start-up and emerging staffing firms entering the US and Canadian markets. Our service stands out among the EOR model for creating growth opportunities and operational efficiency by being tailored to recruitment.Don’t miss out on your opportunity to grow your recruitment business. Learn more about our full range of services and contact us to explore how we can help you grow your business.
