A quick comparison of staffing agency relationships vs. Free Agent Source shows benefits to both the company and Free Agent:
Staffing Agency |
Free Agent Source |
| Corp to Corp Contract | Corp to Corp Contract |
| Negotiate Billable Rate with Staffing Agency | Negotiate Billable Rate with the Free Agent (like hiring an employee) |
| No Transparency to the Professional on % Agency Keeps | 100% Transparency (= professional, satisfied professionals) |
| No Group Rate Benefits (health care, retirement plan, etc.) | Group Rate Benefits (= happy, secure professionals) |
| Professionals makes half or less of what the Agency is paid | Free Agent keeps 85% or so (= content, well paid professionals) |
| Professionals are “temps” with little or no status, support, or stake | Free Agents have the support of an employer (FAS) and our back office |
| High Risk, High Expense, Low Commitment | Low Risk, Moderate Expense, High Commitment |
Ask yourself: would you try to build an effective project team out of staff agency “temps”? We wouldn’t, either. They’re underpaid, since the agency keeps half or more. Besides that, they have no employee benefits, so they’re constantly looking around for ‘permanent’ employment opportunities. But in this economy, hiring a lot of traditional employees comes with its own risks and challenges for the company. Hiring 1099 contractors puts you all over the map with a dozen different contracts (where FAS provides a standardized corp to corp contract). By contrast, Free Agent status benefits the professional and the company.
If you’re a company needing to hire, but without the pain of traditional hiring, or you’re looking for work, be sure to register for our free, 20-minute [webinar] to explain how things work. There’s optional Q&A time at the end. Companies can also [contact us] to set an appointment for a free telephone consultation with a Free Agent Source executive.
