Ascen

Join us in Boston for the REACH Staffing Masterclass in September. If you're in the New England or Northeast region you should definitely make this an excuse to come out to Boston. I'll be speaking at the event with my esteemed colleagues Patrick Morin, Dan Quigg, and Ron Walters. I'm also based here in Back Bay, Boston -- maybe the most beautiful neighborhood in the US (I'm biased!), especially if you like Victorian architecture -- so if you want to meet up before or after the event, let me know!

There are several vendors offering EOR, AOR, and PEO solutions for staffing agencies. Here's how to tell them apart. 1. Employer of Record (EOR): • Acts as legal employer • Handles payroll, taxes, insurance, benefits • Ideal for rapid expansion without legal entity setup 2. Agent of Record (AOR): • Manages independent contractors • Ensures compliance, handles invoices and payments • Mitigates compliance risks 3. Professional Employer Organization (PEO): • Co-employment agreement (not full employer of record, so you have risk of compliance like wage and hour laws) • Provides HR support, payroll, some insurance • Offers HR expertise and core function support When choosing, consider: • Workforce size • Legal entity presence • In-house compliance capabilities • Risk tolerance • Long-term projections and costs

Take a look at our most recent article about understanding the opportunity in the USA and how recruitment agencies worldwide can get a set up.

Take a look at our most recent article about understanding the opportunity in the USA and how recruitment agencies worldwide can get a set up.

What effects will the US election have on Workers Comp, SUI, FUI? The short answer is, it's very hard to predict. What does that mean for agencies recruiting W-2 contractors in the USA? It means you wont know how much your contract placements will be worth this time next year due the the fluctuating cost of employment. What is the solution? Finding an Employer of Record that has a proven track record of keeping consistent pricing even when the cost of employing temps / contractors is ever changing. Know anyone? 🤔

Staffing Industry Analysts (SIA) seeks those bold visionaries to participate in the Collaboration Shark Tank: Technology Innovation Competition session during SIA's annual Collaboration in the Gig Economy conference. Five participants pitch their tech innovation to four industry ‘sharks’ with the hope of winning the prized Collaboration Shark Tank Innovation Award. SIA's Collaboration Shark Tank has been a catalyst for many of our winners and your firm can be next! Former winners include: Ascen, Glider AI, Utmost Group, Keeper, Appjobs, AllyO and WOLF.XYZ. Audience favorite winners include: ThisWay Global, myBasePay, Parker Dewey and The Mom Project.   Submit your nomination today >> https://lnkd.in/gXXrgKJm Be a part of SIA’s unique, collaborative event to gain industry insights, connect with professionals across the staffing and workforce solutions ecosystem, and explore the best industry knowledge. Early bird ends Friday! #Staffing #Innovation #Competition #Technology #SharkTank

Stewart Roberts industry knowledge is extremely valuable, I'd highly recommend checking this out!

In our next installment of Ascen's Across the Pond series, we sat down with Stewart Roberts, Managing Director at MAYACHI Ltd. Stewart has many years of experience helping recruitment agencies with their finances. He has some timeless advice for recruitment agencies and is definitely worth a read if you are a staffing agency owner in any country, whether expanding within the US or not. Here are my main takeaways for recruitment agency leaders from the talk: 1. Focus on Your Strengths If you are running a recruitment agency, concentrate on making placements and managing your team. Outsource back-office and accounting tasks to specialists to save time and reduce distractions. 2. Plan for Financial Growth Think about your financial strategy from day one. Understand your numbers, plan for growth, and set up proper financial structures to prepare for potential M&A in the future. 3. Choose the Right Financing If you are funding contractor placements, consider your options between pay-and-bill solutions and invoice finance. Smaller agencies may benefit from pay-and-bill, while larger agencies can save significantly with invoice finance. 4. Expanding to the US If you are a UK recruitment agency looking to expand into the US, start by making placements from your UK base. Understand local tax and payroll regulations and work with advisors to navigate the complexities of the US market. Enjoy!

Only four days left to apply for Staffing Industry Analysts' "Shark Tank" Technology Innovation Award!! 🦈💡🚀 Ascen is a proud previous winner of this award—a fantastic opportunity for innovative thinkers to showcase their groundbreaking companies for transforming the future of work. We were immensely encouraged by the positive feedback from the judges and audience that highlighted our industry's demand for continued innovation in employer of record (EOR) services. We highly recommend all industry disruptors apply before July 19. Please reach out if anyone on the Ascen team can assist or provide advice! 🌟 #SIACollab #Staffing #ContingentWorkforce