Recent studies estimate that as many as 4.5 million workers are misclassified. Furthermore, the misclassification of independent contractors, or 1099 workers, last year resulted in an estimated $2.72 billion in lost federal tax revenues, according to The U.S. Government Accounting Office.

If an audit uncovers that you misclassified your independent contractors/contingent workforce and you are forced to reclassify them, you may face serious consequences. Some of these consequences include additional taxes, penalties, retroactive benefits and litigation costs.

What We Can Do For You
At Spherion^®, our Contingent Workforce Compliance Solutions address your workforce compliance concerns before they become an issue. Through a dedicated centralized team of compliance experts, our solutions can be utilized individually or in any combination:

• Independent Contractor (1099) Compliance Management
  Spherion assumes responsibility and accountability for validating that your independent contractor population meets government guidelines and regulations.
  
  
• Professional Payrolling
  We become the W-2 compliant employer of record, allowing you to utilize workers who you designate/directly source or independent contactors who do not meet governmental classification requirements.
  
  
• Consolidated Vendor Billing Services
  Spherion validates each vendor for proper business legitimacy, facilitates all on-boarding activities and collects all time, expense and billing records via online technology. We consolidate invoices for your contingent workforce and submit payment to all engaged vendors.

Why Spherion?
With more than 60 years experience, Spherion offers the industry’s most progressive and comprehensive management plan for your entire contingent labor population. We:

• Provide single-source accountability
• Dedicated team of compliance experts
• Mitigate the risk of misclassification
• Reduce administrative burden
• Improve process efficiency
• Provide full visibility into workforce metrics

Do you want peace-of-mind knowing that you’re compliant? Contact us today for Contingent Workforce Compliance Solutions at 800-482-7928 or via e-mail.