ORGANIZATIONS
today's reality: organizations worldwide aim to optimize synchronicity between revenue and expenses
BOTH’s master idea: separate health, retirement and liability plans from the employment relationship. Instead, attach the benefits to the individual - not the place of work. This enhances workforce flexibility and can contribute significantly to your organization’s ability to create an environment that emanates cost-efficiency, talent centricity, fairness, and permanency. The result is:
| • |
contractor loyalty |
| • |
recurring access to talent pool |
| • |
nimble human capital cost base |
enjoy a better engagement platform at a lower cost
|
employment |
|
1099 arrangement |
BOTH |
clear & compliant legal,
regulatory and tax framework |
yes |
yes |
no |
yes |
payment in a timely manner |
yes |
yes |
maybe |
yes |
permanency/continuity
of benefits, perks and support |
no |
no |
no |
yes |
support infrastructure - accounting
tax, legal &
IT resources |
yes |
partial |
no |
yes |
replaces (contract) employment
with
vendor relationship |
no |
no |
maybe |
yes |
supports true independence
|
no |
no |
maybe |
yes |
| always independent,
never alone |
no |
no |
no |
yes |
cost efficient model (fees,
taxes, structure, etc.) |
no |
no |
yes |
yes |
|
| the bottom line |
|
|
| individuals gain |
| |
• |
continuity in essential support |
| |
• |
control |
| |
• |
independence |
| |
• |
compliance assurance |
| |
• |
relief from admin hassles, employment
obligations and business challenges |
|
|
|
|
| deploying companies gain |
| |
• |
continuity in essential support |
| |
• |
contractor loyalty |
| |
• |
cost savings plus nimble cost structure |
| |
• |
on demand access to top professionals |
| |
• |
compliance assurance |
| |
• |
relief from employment burdens & liabilities |
|
reciprocal advantages for organizations and contract talent
| • |
flexible engagement platform designed for recurring on-demand availability of contract talent |
| • |
contract flexibility with time, Statement of Work or other remuneration criteria |
| • |
vendor - client relationship replaces conventional contract employment relationship |
| • |
secure tax and regulatory compliance setting |
| • |
contractor is supported, unburdened, has health & retirement plans and liability protection |
| • |
billings and receivables are managed by Back of the House |
| • |
cost effective for the organization |
| • |
cost of reimbursement of Company of One fees is considerably
less than the cost of direct or indirect employment |
| • |
proper filing and payment of self employment taxes can be monitored |
|
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