Staffing Agency vs. FAS

danieldigriz

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.

Daniel is Chief Transformation Executive and a co-founder of Free Agent Source. His practice areas are organizational transformation, educational programs, and speaking talent. Daniel's ideas have appeared in Inc, SmartBlog, MediaPost, and Success Magazine. He is a storyteller who writes a Forbes column, hosts digital talk shows, and is a frequent presenter at thought leadership conferences.

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