Managing an independent contractor workforce is not easy. With so many legal landmines to avoid, and with competition for recruiting and retaining ICs as fierce as ever, companies like yours are looking for a competitive edge to stand out from the crowd of businesses trying to contract with their next IC.
One critical advantage to have in the market right now is access to perks and benefits.
But as a contracting company, you cannot legally directly offer these benefits and perks to ICs. So how can you implement a program that helps retain the best ICs?
Enter Openforce’s IC Retain, designed to keep your ICs happy, engaged with your company, and moving business forward.
Although it’s necessary to keep W2 employees under separate operations from ICs, ultimately, they are still people performing a job. No matter what your tax filing status is, finding happiness in your work is important not only on the job, but for your overall well-being. Studies have shown that happy people perform better work.
Here are a few things to keep in mind when considering a benefits program such as IC Retain:
Openforce internal audits have uncovered that companies utilizing IC Retain have seen as much as three times the retention rate of ICs, compared to the industry average. We've developed this program with prominent industry partners to offer a suite of benefits designed to keep 1099 workers engaged long-term and help them thrive as independent business owners.
Over 150,000 ICs taking advantage of this program have enjoyed:
By introducing ICs to the Openforce benefits portal, our contracting clients have remained at arm’s length to protect themselves legally, but have also realized:
IC Retain is a program obviously designed to give ICs access to benefits and perks. Coupled with the favorable metrics mentioned above, this is truly a win-win situation for contracting businesses. Be sure to reach out today to learn more about how IC Retain can boost your IC retention rates.