Veritude Provides Five Tips for Limiting Risks Associated With Hiring Temporary Workers

BOSTON, MA--(Marketwire - March 24, 2009) - Veritude, a leading staffing services provider, today released a new white paper titled "Risky Business: Five Tips for Minimizing Employment Liability." According to Veritude, co-employment and worker misclassification are some of the highest risk issues related to a contingency workforce. This paper offers five tips to all companies to help them limit risks related to hiring a temporary workforce. Veritude's expert commentary on these crucial topics can be downloaded from www.veritude.com for a limited time.

"A company without good, consistent temporary worker management practices is exposing itself to significant risk," said Jim McCoy, senior vice president at Veritude. "In fact, government agencies are more actively searching for companies that are non-compliant with temporary worker classifications and co-employment relationships, and companies are understandably concerned about taking effective measures to remain in compliance as the penalties for infringement can be costly for offending companies."

A contingent workforce provides organizations more flexibility to react to changes in workforce demands as well as realize significant cost and time savings when managed appropriately. Yet contingent labor has come to be associated with risky business due to several recent and highly publicized employment liability lawsuits. The latest white paper from Veritude provides HR professionals, procurement leaders and hiring managers with a concise, high-level guide to the primary issues related to co-employment and worker misclassification. It also offers five tips for mitigating the risks associated with these issues, particularly through the use of a reliable managed services staffing program.

The five tips offered in "Risky Business: Five Tips for Minimizing Employment Liability" include the following:

1. Validate every 1099 employee against the IRS 20 Factor Checklist

2. Partner with firms who can transition you away from 1099s

3. Create a single, consistent program

4. Make sure your vendors control the terms and conditions

5. Communicate clear guidelines to Hiring Managers

McCoy continued, "By partnering with a reputable, experienced Managed Services Provider (MSP) and establishing good employment practices up front, organizations can more easily manage co-employment and misclassification risk. If a company waits until a complaint is filed or an investigation is started, it may be too late."

Through Veritude's MSP program, companies are able to manage and mitigate their risk exposure while continuing to tap into the enormous potential of the temporary workforce. By partnering with clients and providing one point of contact, Veritude alleviates the risks and administrative burdens inherent in working with multiple vendors. Companies realize significant cost savings because Veritude's expert recruiters source, screen and present only high quality candidates that meet a company's unique needs. Veritude's MSP solution also can manage temp-to-permanent and direct hiring strategies.

In addition, Veritude's Managed Services Program provides proof of ROI with comprehensive analytics that track staffing costs and demonstrate the business case for staffing programs; market data on pay rates and guidance on how to pay competitively to attract the best talent; consistency and efficiency in contract terms and conditions across all staffing suppliers; and visibility into the process with a quarterly report card on the program, which provides valuable data on trends and market changes that affect business. By using web-based technology that is simple to learn, Veritude ensures that there are no complaints from users, including hiring managers and temps.

"Risky Business: Five Tips for Minimizing Employment Liability" is complimentary and available for a limited time by visiting www.veritude.com

About Veritude

Veritude offers a full suite of temporary staffing, direct hire, and managed services programs. It partners with a wide range of clients in a variety of industries to develop and deliver workforce solutions that adapt to changing business and demographic realities. Veritude's unrelenting commitment to outstanding customer support and candidate quality offers competitive advantages to clients and rewarding career opportunities to associates. Visit www.veritude.com or call 1-800-597-5537 for more information.