Replies to This Discussion

Permalink Reply by Sally Raade on June 3, 2008 at 3:16pm

Hi Craig,

TFI Resources is a good payrolling company.

Sally

Permalink Reply by Michelle Stair on June 4, 2008 at 7:12pm

Hi Craig, for contract recruiting I use Top Echelon Contracting. They do take a significant chunk (30%) but they carry all required insurance, handle the weekly payroll, and handle any audits since they hold all the paperwork.
http://www.topecheloncontracting.com/default.aspx

They even give you free marketing collateral.

Good Luck!
Michelle

Permalink Reply by Craig Winnerman on June 5, 2008 at 12:24am

30%...Ouch. That really cuts into the margins. Try these guys http://www.innovativeemployeesolutions.com/recruiters/getting-started/ I have not signed yet, but 22% of pay for W-2 and 7% of bill rate for 1099.

Permalink Reply by Michelle Stair on June 5, 2008 at 12:42pm

I checked it out but there are a lot of restrictions - limit of how long the assignment must be and minimum salary....TE doesn't restrict. They let you do your business and just support you. I personally haven't used them yet because I don't do contract placement. I have been asked to help a couple of times to fill a short term placement and now I have flexibility if it comes up whether it is 2 weeks or 52 weeks.

30% with no restrictions compared to the cost of insurance you have to carry for a potential need is worth it in my mind.

Permalink Reply by Craig Winnerman on June 5, 2008 at 1:01pm

Hey Michelle,

The restrictions I saw were over $12/hr and over 1 month in length of contract. I will not work assignments anywhere near this minimum requirement as most of the pay is $50/hr + and at leasst 3 months.

Glad to hear you found something that could work for you in the future.

Permalink Reply by Darren Linck on June 11, 2008 at 7:20am

Check out Top Echelon.

Permalink Reply by Michael Saulnier on June 25, 2008 at 6:56pm

I've worked for years with Recruiter Support Services.

They only charge 5.9% of the bill rate, plus the actual burden. That means that when state unemployment and FICA end, you get that money... the company doesn't put it in their pocket. In many states, that makes the burden around10% after a few weeks when the state unemployment maximums are reached.

They focus on recruiters who place professional "white collar" consultants in fields like IT, Software, Engineering, Marketing, Human Resources, and similar fields.

You can be the employer of record, or use their optional employer of record service... so you don't have to make an expensive committment to insurance until you're big enough to make it worthwhile.

They also advance 100% of the money, including your recruiter profits, the consultant payroll, all the taxes and insurance costs.

You can learn more at their website... http://www.RecruiterSupportServices.com

Unlike Top Echelon, you retain the ownership of your clients and sign the client agreements... they simply act as your "accounting service". I personally wouldn't want anyone else to own the contracts with my clients.

Michael

Permalink Reply by Darren Linck on July 1, 2008 at 8:43am

Thanks Michael, sounds like a great service.

Darren

Permalink Reply by Michelle Stair on July 1, 2008 at 12:58pm

That's a really great point about client ownership Michael. Although TE says the client is still owned by the recruiter. They handle the candidate paperwork, not client contracts.

However, I haven't used TE for any contract since my business is direct hire.