Ratescalc.com Blog

Margin Erosion - Is It Silently Killing Your Business?

Posted by Col Levander on Aug 28, 2018 11:22:09 AM

Commonly used as a term to define margin loss in business, Margin Erosion is a gradual reduction in gross profits. And as with the natural erosion of the environment; margin erosion can be a slow, subtle process that can go largely unnoticed, silently killing your business.

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Tags: temporary recruitment, payroll errors, Rates calculation tool, Temp business, Labour Hire, Margin erosion, Margin loss

Are you sweeping your rates compliance under the rug?

Posted by Col Levander on Aug 22, 2018 10:38:38 AM

In this lawsuit loving society of ours, it’s surprising how rates compliance remains to be one of those things put on the back burner. Many businesses are still not taking it seriously enough, in spite of the obvious threat of disruption, financial risks, and brand damage.

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Tags: compliance, payroll errors, Fair Work Australia, Modern Awards, Rates calculation tool

RPR Trades Implemented One Thing and It Saved them Thousands of Dollars

Posted by Col Levander on Jul 26, 2018 10:11:56 AM

 

Compliance with all aspects of Labour Hire is critical in the business of staffing. Mistakes are costly and the consequences are serious.

Find out how RPR Trades took the reins, saved costs, and gained immeasurable confidence in their practices.

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Tags: recruitment industry, innovation, Contractor, Fair Work Australia, Modern Awards, Rates calculation tool

YYYYY

Posted by Col Levander on Jun 7, 2018 4:08:32 PM

We are at that time of year when everyone working in the temporary staffing industry gets stuck in the office – many under complete sufferance! The annual increases to the Modern Awards is here!! You’ve heard the term the 5 Y’s - YYYYY. I have often asked myself the same question - Y do we keep on applying these changes this way? Y do we do this to ourselves and our teams? Y isn't there a better way, Y must I have to interpret awards, Y must they be written in such way... the Ys continue... 

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Tags: ratescalc.com, Fair Work Australia, Modern Awards, Rates calculation tool

Oh no - Not again! Your worst nightmare is back…

Posted by Col Levander on Jun 1, 2018 11:34:48 AM

It’s that time of year again when a lot of our sales activities come to a standstill when Fair Work Australia announces the changes/increases to all of our national awards.

For those of us that have worked in the On-Hire/Contingent Staffing market for years - it’s almost a ritual and a labour of love! Reviewing all of these changes can be literally like watching grass grow or paint peeling off the walls - what we are subjected to year in year out surely has to change!

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Tags: ratescalc.com, Fair Work Australia, Modern Awards

Getting ready for the changes? What’s next?

Posted by Col Levander on Jun 1, 2018 10:33:18 AM

 

As we approach the end of the 17/18 financial year and as finance professionals gear up to close out a massive year of change, one may ask themselves: What else can they throw at us now? With all the changes to Single Touch Payroll, Labour Hire Licensing reporting requirements - it has most certainly been a year of increased pressure for back office teams in our industry.

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Tags: payroll, ratescalc.com, PAYG, Fair Work Australia, Modern Awards

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

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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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