2020 has been a challenging year. Those of us who are fortunate enough to still be gainfully employed have too often been placed in the unenviable position of having to layoff or furlough valued team members to reduce operating expenses. In addition to some of these team members being highly competent workers, frequently these are not just colleagues but friends – making the decision even more painful.
While it would be ideal to bring back these valuable employees as soon as things begin to improve, what if there is a second wave, and how long will it take for an effective vaccine to be widely available? Nobody knows for sure, and in the face of this uncertainty, many employers are choosing to leverage contingent labor, as it enables them to react more quickly to unpredictable and rapidly fluctuating market conditions.
PeopleCaddie has created a payroll service that is specifically tailored to the prevailing market environment and caters to the highly skilled business professionals that our clients value most. We believe this service will make it easier to bring back former team members as contractors or add new resources when it would be premature or imprudent to commit to hiring someone on a permanent basis.
PeopleCaddie’s payroll-only service will enable clients to:
For example, one of the most common contractor pet peeves is that they are often treated like other much larger suppliers. If an independent contractor working directly with a client submits an invoice, their invoice may be treated like those from any other supplier and subjected to the client’s standard processing cycle. This means that the contractor may have to wait 30-60 days – or occasionally even longer – to get paid. Having to wait this long may pose a significant financial hardship.
This is where PeopleCaddie can step in. Rather than forcing contractors to wait until they can get an invoice processed, through PeopleCaddie, contractors are paid every two weeks. We aspire to make contracting as attractive for clients and contractors as traditional permanent employment. Enabling contractors to be paid on the same schedule as permanent employees moves us another step in the right direction.
For more information on PeopleCaddie’s payroll-only service, feel free to contact us.