Contract Compliance Audit Opportunity
Contingent Staffing and Time Hire
Industry Knowledge
orld-class organizations use contingent labor throughout their operations to
maintain staffing flexibility, to deploy staff with key skills and expertise exactly
where needed, and to control personnel costs and FTE metrics. Specialized
staffing firms provide outsourced, end-to-end management of the complex – and often
legally challenging – realm of sourcing and staffing while ensuring compliance with labor,
privacy, and compensation laws in multiple countries.
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Operational Challenges
Hiring managers need personnel with current
experience and skills who can be effective from
their first hour in a new assignment. Staffing firms
work closely with and on behalf of in-house human
resources and may even provide complete
oversight of staffing processes. Operational issues
are resolved when staffing firms deliver the right
person, with the right skills, in a timely manner,
but financial concerns and contract compliance
issues typically remain.
The Opportunity
in3 has extensive experience and specific expertise
in auditing firms that provide staffing solutions,
which allows in3 to identify overcharges and
duplicate billings that eluded approval processes
and system controls.
Every in3 audit of contingent labor begins with a
review of 100 percent of available data, including
invoice details, time cards, and payroll records. Audit teams apply proprietary techniques
to validate billing and pay rates; multipliers and margins; shift and environmental
differentials; pass-through and reimbursed expenses; and whether the hours charged and
billed were reasonable, accurate, and actually worked on behalf of the client. in3 reviews
the terms, conditions, and rates specified in all agreements and associated contracts to
validate charges, identify off-contract pricing, and ensure compliance to all provisions.
Contact Tom Bennett, chief operating officer at in3, to discuss deep-dive audit
opportunities with your temporary labor providers.
tb@in3corp.com or +1 (303) 448-1191 x102
in3corp is an independent audit firm with worldwide operations for recovering cash, preventing
future excesses or shortfalls, and providing tested services such as supply chain and contract
compliance auditing and royalty verification. in3corp identifies specific opportunities for cost
recovery and increased controls and provides visibility into business operations and supplier
relationships to help clients save money.
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