Are you ready to grow your business on a global scale? As you expand your network, contractor management may begin to take up a large part of your workday.
It takes multiple teams to keep disparate worksites going at once, and keeping up with the logistics of it all can be a full-time job. Outsourcing this service to a professional provider can alleviate extra stress, costs, and headaches from your operations.
Not sure if contractor management services are right for your company? Today, we’re sharing a few of the top benefits you can expect to receive when you go this route.
What Are Contractor Management Services?
Managing contractors can be a major task for any organization. This is especially the case with one that is on the cusp of globalization. Taking your workload to the next level means engaging with stakeholders and clients in multiple geographic locations.
As you begin to assemble your teams to perform the work, you may need to bring independent contractors on board to help you keep up with the demands. In recent years, it’s become increasingly common for organizations to build their workforce in this way.
Outsourcing some of your work to outside contractors can help your business achieve many benefits, including:
- More flexible business relationships
- Access to subject matter experts (SMEs) and niche talent
- Opportunity to scale as required
- Reduced compliance costs
However, the work only begins once you onboard them. Once contractors are working on a site, you need a way to keep track of their performance, goals, pain points, and progress.
On your own, this level of visibility can be nearly impossible to achieve. You have your own, in-house work to focus on, as well as your expansion efforts. This is where contractor management services come in.
In short, these providers will handle all of the contractual discussions and business-contractor relationships required for each job. From there, they will act as the intermediary between your business and your client, working to ensure that workers are safe and satisfied, as well as performing work to expectations.
Benefits of Outsourcing Contractor Management Services
There are many reasons to outsource your contractor management services to a professional provider. Let’s take a look at a few of the top ones.
Easier to Engage and Work With International Contractors
As your business starts to engage with clients outside of your home country, you may need to hire international contractors to get the work done. While this is obviously an exciting step, it can also get complicated.
When you’re engaging with overseas workers, there could be different currencies and various different invoicing systems involved. Instead of managing this all in-house, it’s best to let an expert team take the reins.
You can find providers that have already established a presence in the countries you want to enter. This means they’re already familiar with the local rules and regulations and can hit the ground running.
Achieve Greater Visibility Into Contractor Performance
On a daily basis, many growing organizations do not know how to manage contractors and keep up with their internal demands at the same time. However, this can be a very risky step to skip.
If you don’t have real-time visibility into every facet of your contractors’ performance, you can’t be certain that they’re acting in a way that’s safe, compliant, and effective. It also becomes difficult to track if and how they’re meeting your clients’ expectations.
Are they completing the job properly? Are they showing up and completing the work on time? Have they run into any issues on-site?
Professional service providers can use contractor management software to track performance as it occurs. These solutions usually include in-depth data analytics to help you understand where contractors are excelling and where they need to improve.
Keep Employee and Contractor Operations Separate
It’s true that contractors represent your business and wear your company name wherever they work. However, in a logistical sense, they’re managed differently than full-time employees.
This is another reason why it’s helpful to hire an outside firm to handle your contractor management services. This way, your in-house team can devote their time and attention to your full-time workers, and there isn’t a risk of confusing the two groups of employees. They can draft contracts, make payments, and arrange workflows entirely separate for contracted team members.
Get Help With Legal Aspects of Contractor Management
There are many ins and outs to successful contractor management. Even a minor mistake or manual error could have costly and time-consuming consequences.
This applies to every aspect of your operations, but especially the legal and compliance requirements. By trusting an outside team to do this work, you can ensure that you aren’t missing anything critical. For instance, certain countries may require your contractors to pay Value-Added Tax (VAT) or Goods and Services Tax (GST), but not your full-time employees.
This is a step you could miss if you aren’t up-to-date on all foreign contractor requirements. The team you hire will not only understand these complex legal requirements but be well-versed in how to complete them.
Outsource Your Contractor Management Services as You Grow
Expanding your business into global markets is an exciting step. However, it’s important to take it carefully and with much consideration.
This includes carefully selecting, monitoring, and managing any contractors you bring on board to help you complete the work. While these tasks can be challenging to complete in-house, they are exactly what a contractor management company does.
As you grow, consider outsourcing those services to a third-party provider. This can streamline operations, simplify processes, and keep your teams as efficient as possible.
Ready to get started? Our consultants are ready to show you how, so contact us today!