Workers’ Comp Insurance, including the monthly payroll report & annual audit.
Minimum Corporate Tax
Employer Taxes for Social Security & Medicare
Payroll close costs, including preparation, review, transmit to direct deposit, tax payments, report to the 401k plan & software licensing
401k plan fees & matching
Staffing Agency Fees: 50% or more
Markup sometimes gets to 75%. Yikes!
No transparency for the company on what the agency pays the professional
No transparency for the professional on the agency markup to the company
Usually minimum term lengths
Sometimes exclusivity requirement or minimum placements
Partial, poor or no benefits for professionals
Sense of transience among professionals looking for traditional employment status
Recruiting usually can’t be unbundled from staffing – so duplication of internal resources
Cost with Free Agent Source: 20%
Pay your people 20% over current salary or rates. This allows them to cover their costs with Free Agent Source. In exchange:
No Employer Costs
No Staffing Agency Gouging (50%+ markup)
No Agency Fees at all to FAS
No Minimum Number of People
No Minimum Term Length
RECRUITING: You save even more because (unlike with a staffing agency), you do your own recruiting or, if you prefer, we can refer you to independent recruiters that partner with us – another ‘just in time’ service.
