Ratescalc.com Blog

What's your rate?

Posted by Col Levander on Nov 6, 2017 3:41:06 PM

 

As featured in the Global Recruiter

Col Levander, founder and CEO of Rec Tech Solutions & Ratescalc.com discusses a piece of technology that can make a real difference for recruiters.

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Tags: Recruitment Technology, IT Projects

There’s no such thing as a meal ticket: how to correctly pay your contractors their allowances.

Posted by Col Levander on Oct 17, 2017 8:32:00 AM

As the title suggests - there really is no such thing as a meal ticket, we all work hard on getting clients and keeping them! I'll start with a story to frame this for you all. Recently, I had a client that called me about a pressing issue for which they needed guidance. The issue was so serious that if I didn't help them work it out it could have lead to potential legal issues. Our product could potentially ensure that this issue could be resolved and stop future errors from occurring. Hence, the client wanted to take it for a test drive, but specifically they had to resolve their issue first!

 

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Tags: ratescalc.com, compliance, contract recruitment, payroll errors, PAYG

5 Ways to Improve Your Businesses' Speed to Market

Posted by Col Levander on Oct 2, 2017 8:26:00 AM

We hear it every day, that sad same ol' story: how a recruiter, apprenticeship centre, group training organisation or on-hire business has been beaten by a competitor because they weren't able to get their quote or candidate out to market fast enough. We have put together some of our favourite tips to help you to get ahead of your competition.

We have found that around 99% of the Recruitment Industry in the staffing/ contingent and on-hire spaces are still using their trusted source of the truth- an excel spreadsheet. Normally, the spreadsheet has a series of formulas within it to help consultants to calculate rates properly whilst constructing a quotation for services. Consultants' also rely on the spreadsheet to maintain the compliance around statutory burdens and costs, however there are many overhead costs that also need to be applied to your calculations. The usual method of visiting a client and gaining enough interest to provide a quote for supply still remains an onerous task for so many businesses. Yet we still keep repeating the same broken process! 

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Tags: Recruitment Technology, payroll, ratescalc.com, temporary recruitment, contract recruitment, payroll errors, PAYG

When are Staffing Agencies Required to Pay Overtime to Temporary Staff and Contractors?

Posted by Col Levander on Sep 18, 2017 8:51:55 AM

How do I figure out what to pay whom? How do I determine what is and isn’t overtime? And how do I know if I am liable to pay overtime to contractors and temps? Not to mention contingent staff and the gig economy!

There are 5 common errors made by temp, contract and contingent staffing agencies that often come up when creating quotes and running payroll in the temporary recruitment placement field. The answer is complicated - dependent on the type of worker/ industry and many other variables. Col Levander of ratescalc.com and Rec Tech Solutions explains what you need to look for when it comes to over-time and meal allowances!

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Tags: payroll, ratescalc.com, temporary recruitment, contract recruitment, payroll errors, overtime, PAYG

5 of the most common errors made by staffing agencies for contract and temp quotes

Posted by Col Levander on Aug 30, 2017 4:26:30 PM

Determining the correct wages for temporary and contract payroll can often be a daunting task for even the most experienced contract recruitment consultant. Due to the complexities that staffing agencies face on a day-to-day basis relating to contract and temp payroll, we have developed a short checklist of common mistakes that should help you get your ducks in a row!

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Tags: payroll, ratescalc.com, temporary recruitment, contract recruitment, payroll errors

Risky Business - the hidden costs of incorrectly paying temporary and contract staff

Posted by Col Levander on Aug 11, 2017 3:12:56 PM

The staffing industry can be a risky business! There is nothing riskier than incorrectly paying your contract and temporary workforce. On top of these risks, the recruitment industry payroll areas are heavily regulated and are made even more complex when considering your businesses compliance.

 

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Tags: Recruitment Technology, payroll, ratescalc.com, compliance, temporary recruitment

Ratescalc.com payroll errors checklist

Ratescalc.com

Your utopia in the contingent workforce supply chain

  • Fast quick accurate quotations to your potential clients
  • The ability for all of your team to quote accurately
  • Contractors, temporary workers, full time or fixed term employees are paid correctly every time! (subject to accurate timesheet interpretation)
  • Clients are invoiced accurately (subject to accurate timesheet interpretation)
  • Invoices are paid quicker due to the limitation of human error intervention
  • Reduction in legal/litigation fees in recovery of unpaid monies to your company
 
 
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