What is Contractor Compliance? How We Help Our Customers Define It
Industry Information |Risk Management |December 9, 2022
In this blog, our industry-leading compliance team answers the question, ‘what is contractor compliance?’ And shares how we help our customers determine and meet the compliance goals they’re looking for every day.
If you work for an organization that accomplishes tasks through a large network of contract workers or work in an industry that commonly uses contractors for services, you’ve probably heard the terms ‘contractor,’ and ‘compliance’ used.
But what is contractor compliance? Here’s what you should know.
What is a Contractor?
A contractor is a worker who performs tasks for a business or organization and is not a direct employee of that entity. They are bound by the terms of their contracts, and since these individuals are not full-time employees, the organization is not responsible for many of the typical HR-related functions of their engagement.
These functions would include things like tax remittance, benefits, paid time off or defined vacation days, training, or other supervisory tasks. However, these contractors do carry the same levels of risk and liability as an employee might. For that reason, any risk mitigation strategy should include these individuals.
What is Contractor Compliance?
Contractor compliance refers to the programs and strategies used by an organization to ensure contractors are meeting the terms of their contracts, and in turn reducing any risk to the organization and its customers. Organizations can craft contracts in a way that best suits their needs, but generally, these contracts are in place to protect the customer and the organization. Contracts may require completion of a criminal record, specific trade licenses, adequate insurancecoverage, and other terms.
How We Help Our Customers Answer The Question “What is Contractor Compliance?”
Since all contractors carry the risk of negligent engagement that could bring liability to the organization for errors or issues that occur while in your engagement, it is important that our customers have comprehensive compliance plans in place. This is what each of our services is built on, and when our customers begin working with us, the typical program rollout will include the creation of an implementation plan, onboarding, communication plan, and then a monitoring stage to ensure the setup is complete and working for both parties. We have an in-depth and defined process for each of these steps and believe that has had a huge impact on our successful implementations with our customers.
If you are unsure, or unfamiliar with the specific needs of your organization based on the types of services or products provided by your contractors, we will work with you to provide a contractor risk mitigation strategy that will protect your business and your customers. We consider your industry, help benchmark against other organizations in your space and share best practices we have seen from working with thousands of contracting companies over the years.
PlusOne Solutions: Your Contractor Compliance Partner
We stand out in the compliance industry because we know contractors, and we combine that expertise with the leading solutions and technology you’re looking for in a compliance provider. We’ve been meeting the unique demands of the service industry since 2005, and we’ve done that by creating and maintaining meaningful and lasting relationships with our customers. Reach out to us today to learn more about how we can turn contractor compliance into one of your greatest strengths.
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 contractorand vendor relationships while creating safer work environments. To learn more, visit https://www.PlusOneSolutions.net.
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