October 14, 2021

Mitigating Risk in your Temporary Hiring Processes with a VMS/MSP

As an employer, you face more risks every year. Compliance is getting more complex with state, local and federal laws and regulations constantly changing.

Standardizing supplier expectations, contractor management, onboarding, offboarding, independent contractor assessment and management or statement of work contracts – managing legal exposure has become more complex than ever. Getting it wrong can cost your company in fines and penalties.

Managing suppliers can often be a huge burden. Our MSP provides numerous supplier protections where the suppliers are bound to your contract terms instead of the supplier’s contract terms. Supplier financial, insurance and bonding eligibilities are managed and supplier performance standards are formalized and non-performance penalties are set.

Onboarding and offboarding requirements are standardized and managed. Our VMS manages all aspects of contractor eligibility through a formalized onboarding system. Our system requires each supplier enter all document numbers and download supporting documents for every contractor placed.

Our VMS manages the contractor’s exit and recovers all of your properties. This is critical for asset and intellectual property control. We also capture all exit interview information and strengthen the employer of record relationship.

Independent Contractor (IC) vetting services determine the IC eligibility, indemnifies your company form mis-classification liabilities, manages the IC certification records and renewals and maximizes the IC program performances by attaching each independent contractor to a Statement of Work (SOW).

Let the experts at iSymphony manage compliance and risk for you. The best part is that there is typically no cost to your company as our VMS/MSP is supplier funded. What are you waiting for? Reach out today to mrosenstein@isymphony.net.

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