Employer of record

You are great at matching clients with candidates with your special strategy, but there's a problem, operating a temporary staffing business is operationally intense and especially so as you expand across states and countries.

You need professional and general liability insurance with high limits, workers' compensation insurance, state registrations, knowledge of payroll and other HR laws, plus the myriad of operations required to run a staffing firm smoothly.

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Instead worrying about being an employer of your candidates, with Ascen's Employer of Record for staffing agencies, Ascen handles onboarding, payroll, benefits, and insurance in an affordable, pay-as-you-go solution.

Ascen's Employer of Record gives you access to the back office strengths of a large staffing employer:

• Compliant Onboarding and Payroll
• All Required Insurance Coverage (Workers' Comp/General/Professional)
• ACA Health and Other Benefits (Vision, Dental, Life, Disability, 401(k))
• HR Compliance and Guidance
• Background Checks and Drug Tests

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As a staffing organization, you do not just need an employer of record built for end clients, you need to handle back office needs of a staffing company like billing and payroll.

Ascen's back office platform gives you these tools all in one place:

• White-label, Rules-based Onboarding
• One-click and No-click Timesheet and Expense Management
• White-label Payroll and Portal for Candidates
• White-label invoicing and Client Portal
• Real-time and Custom Reporting
• Full API Access for all operations

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Temporary staffing requires large amounts of capital: pay is required weekly or bi-weekly but clients pay in net 30 days or more. Many staffing firms turn to lenders or factoring companies to provide payroll funding. Ascen's embedded financing provides some key benefits:

1. Funding built into the EOR
2. No need to post invoices to the factoring firm and manage cash
3. No need to manage collections
4. No personal guarantees or liens