THE VALUE OF RISK MANAGEMENT BEFORE IT HITS THE FAN Effective management of compliance and risk Your presenters › Matthew Franceschini, Chief Executive Officer › Neil Merola, Chief Commercial Officer
The Value of Risk Management Before It Hits The Fan
Jun 10, 2015
Statutory compliance and risk reduction are key factors in setting up your contingent workforce engagement and management framework. This is a basic requirement which is preceded by cost reduction and quality improvement.
In this session,Matthew Franceschini, Chief Executive Officer & Founder, Entity Solutions and Neil Merola, Chief Commercial Offer, Entity Solutions outlined the key risks and compliance issues associated with contingent workforce engagement and provided delegates with advice on how to best manage contingent workers to ensure win/win outcomes
In this session,Matthew Franceschini, Chief Executive Officer & Founder, Entity Solutions and Neil Merola, Chief Commercial Offer, Entity Solutions outlined the key risks and compliance issues associated with contingent workforce engagement and provided delegates with advice on how to best manage contingent workers to ensure win/win outcomes
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THE VALUE OF RISK MANAGEMENT BEFORE IT HITS
THE FANEffective management of
compliance and risk
Your presenters› Matthew Franceschini, Chief Executive Officer› Neil Merola, Chief Commercial Officer
DON’T UNDERESTIMATE YOUR RISKS
EMPLOYMENT RISK
EMPLOYMENT RISK› Distinguishing contractors and employees
EMPLOYMENT RISK› Distinguishing contractors and employees
› Are your contractors really contractors?
EMPLOYMENT RISK› Distinguishing contractors and employees
› Are your contractors really contractors?
› Tenure risk
EMPLOYMENT RISK› Distinguishing contractors and employees
› Are your contractors really contractors?
› Tenure risk
› The contract
INDUSTRIAL RISK
INDUSTRIAL RISK› OH&S
INDUSTRIAL RISK› OH&S
› Fair Work Act
INDUSTRIAL RISK› OH&S
› Fair Work Act
› Insurance obligations
REGULATORY RISK
REGULATORY RISK› Payroll Tax
REGULATORY RISK› Payroll Tax
› Workers' Compensation
REGULATORY RISK› Payroll Tax
› Workers' Compensation
› Superannuation
REGULATORY RISK› Payroll Tax
› Workers' Compensation
› Superannuation
› PAYG Withholding Tax
THE CONSEQUENCES
ECONOMIC
ECONOMIC
ISSUENo super for ABN
CONSEQUENCEAdditional 9% total cost of resource
ISSUENo Payroll Tax paid
CONSEQUENCEDisaffected clients and contractors. Money lost.
ISSUEContractor misclassification
CONSEQUENCEApprox. 20% increase in total cost of resource
BRAND DAMAGE
PRODUCTIVITY
FEAR NOT
EQUIP YOURSELF WITH THE RIGHT PROTECTIVE ARMOUR
SEEK A SOLUTION THAT OUTSOURCES THE RISK
A SOLUTION THAT...
A SOLUTION THAT...› Delivers compliance, not just
talks compliance
A SOLUTION THAT...› Delivers compliance, not just
talks compliance
› Provides full indemnification
A SOLUTION THAT...› Delivers compliance, not just
talks compliance
› Provides full indemnification
› Protects your organisation from
economic and reputational risk
A SOLUTION THAT...› Delivers compliance, not just
talks compliance
› Provides full indemnification
› Protects your organisation from
economic and reputational risk
› Aligns to your organisational
culture and values
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