Solo Workforce is the elephant.
Remember the ancient parable of the elephant and the six blind men? One blind man touches a leg and asserts the elephant is a pillar. Another touches the tail and affirms it to be a rope. Yet another touches the elephant’s trunk and “sees” the thick branch of a tree, while another touches the ear and describes a big hand fan. The remaining two blind men touch the belly and a tusk and profess to have found a huge wall and a solid pipe.
Solo Workforce is a lot like the elephant.
Solo Workforce is one big thing — a premium employer of record — but what you see depends on your point of view.
If you are a contract professional, you might see Solo Workforce as a source of free, comprehensive business insurance worth several thousand dollars a year. Or, perhaps, you see an easy way to write off your business expenses and earn a higher tax-advantaged income compared with an ordinary employer of record. Another contractor might see Solo Workforce as the provider of executive-level benefits and a best-in-nation 401(k) retirement savings plan.
A company that engages contract professionals might see in Solo Workforce the nation’s strongest affirmative defense against claims of worker misclassification. While another may see a provider of safe, secure contingent worker payroll and accurate tax reporting.
A permanent placement recruiting firm might see Solo Workforce as a way to break into the contract placement business, nationwide, at no additional cost. Another recruiting firm might see Solo Workforce as their ticket to finally becoming a talent agency for contract knowledge workers, while another sees a lot less work and a lot more $$$$$.
What you get is what you need.
They’re all correct, of course. Solo Workforce is all of these things and more. What you see is what you get. And what you get is what you need, whether it’s:
- Employment as a Service
- Higher tax-advantaged earnings and executive-level benefits for contract professionals.
- Compliance as a Service
- Strong contractor risk management, contingent worker payroll & benefits for client companies.
- Back-Office as a Service
- Premium back-office and no-cost, no-setup, nationwide, employer-of-record support for recruiting firms.
You might say, Solo Workforce is the elephant in the room! Shall we start talking about it?