The Pros And Cons Of Outsourcing Contractor Compliance Services
Risk Management |June 28, 2022
Are there advantages and disadvantages to outsourcing your organization’s contractor compliance services? In this blog, we examine the option from multiple angles.
Relying on an extended workforce to provide products and services for customers can be a huge asset to many organizations. These contractors often have very specialized skills, and working with them as a contractor and not as an employee allows a company to take advantage of those skills while avoiding some of the costs associated with hiring in-house employees.
If your organization has been conducting compliance tasks in-house, you may now be wondering if this outsourced option is right for you.
The Advantages of Outsourced Contractor Compliance Services
The following are just a few of the many benefits of working with a contractor compliance partner.
Access to experienced contractor compliance professionals
With the rise in demand for contractors and the services that they provide, many organizations have found themselves turning to this extended workforce for the first time. Whether your company is new to the use of contractors or you have been working with them for years, there is always a distinct advantage to turning to a compliance provider who specializes in contractors. Managing compliance can be complex and often involves staying on top of regulation and understanding risk transfer through means such as insurance. Having an experienced compliance partner will ensure that it is done right.
PlusOne Solutions was born with a vision to service the extended workforce industry by creating solutions that improve work safety for businesses just like yours. We have worked with hundreds of thousands of contractors over the years and know what it takes to help our customers and meet their compliance needs.
Increased focus on your goals and core objectives
One of the many reasons that your organization may work with a contractor network is because these contractors are able to provide a service to your customers that isn’t the primary function of your business. It is also reasonable to believe that contractor compliance is not the primary function of your business.
Outsourcing contractor compliance services means that you’re not left to disperse compliance tasks among busy employees who don’t specialize in this area, or hiring and training a new employee to take over this role internally. The organizations that PlusOne Solutions works with are able to lean on us for their compliance needs, and turn their attention to accomplishing their business goals.
The Perceived Disadvantages of Outsourced Contractor Compliance Services
While the advantages to outsourcing compliance are too numerous to list, there may also be some perceived disadvantages. At PlusOne Solutions, we have worked to check and adjust our services to address these concerns for our clients.
Perceived loss of control
Making the switch to an outsourced compliance partner may feel like a big step for many organizations. In reality, leaving these tasks to experts who handle them on a daily basis means you are relying on someone who is better equipped to accomplish them with precision and efficiency.
Both our onboarding process for new clients and our approach with our existing clients are designed to ensure we are consistently upholding their requirements and maintaining a detailed understanding of their compliance goals.
Outsourcing compliance can mean an added line item in the monthly budget for an organization, and it can be tempting to skip this option because of that. The fact is that the risk of an ineffective compliance program is much greater than the cost of an effective one. Working with an underinsured or uninsured contractor can leave your organization exposed and financially liable if an accident were to happen. Using the services of a contractor with a possibly dangerous criminal history can damage your reputation.
In addition, these are duties that may already be performed by someone in your organization without the proper resources to streamline the process. We can not only bring efficiencies but help close any gap while being more affordable. Allowing your employees to have more bandwidth. We encourage our clients to carefully weigh the cost and benefit of contractor compliance services.
How We Meet Your Needs
PlusOne Solutions works to maintain meaningful and lasting relationships with our clients through excellent performance that establishes us as the industry leader in the in-home service industry. If you would like to learn more about how our solutions can help your organization reach higher levels of contractor compliance, contact us today.
Contents are provided for information purposes only and should not be construed as legal advice. Users are reminded to seek legal counsel with respect to their obligations and use of PlusOne Solutions services.
About PlusOne Solutions
PlusOne Solutions has been an industry leader in the risk management field by specializing in compliance programs that meet the complex challenges of geographically dispersed contractors, vendors, and employee networks. PlusOne Solutions protects companies from possible financial, legal, and reputational risks associated with contractor and vendor relationships while creating safer work environments. To learn more, visit https://www.PlusOneSolutions.net.
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