Herndon, VA. August 14, 2013. MBO Partners, the leader in the $250 billion and growing independent consulting category, today announced the companyís Enterprise Solutions division has been recognized as the largest Independent Contractor Evaluation and Compliance (Agent of Record) Service Provider in the country in the Staffing Industry Analysts (SIA) first-ever Payrolling and Independent Contractor Evaluation / Compliance Landscape Report. Among the providers recognized, MBO Partners was the only provider that focused primarily on the Agent of Record offering, and was listed ahead of other providers, in terms of total spend.
Americaís independent worker population reached nearly 17 million in 2012 with 70% considered knowledge workers, and that number is only projected to grow, according to MBO's State of Independence in America report. This burgeoning flexible workforce is in high demand and companies often turn to third party services to engage these independents while complying with stringent misclassification regulations.
ìMBO Partners has been at the forefront of providing Fortune 1000 enterprises with a robust infrastructure that allows them to create compliant Independent Contractor engagement programs that meet critical business needs,î says Gene Zaino, CEO of MBO Partners.ìWe are honored to be recognized for our commitment and industry leadership by Staffing Industry Analysts. This report provides deeper insight into category leaders and more importantly validates the need to provide enterprises with the expertise and services to seamlessly engage independent workers. It also shows that our commitment to putting the needs of independent workers first is winning, with enterprise buyers rewarding MBO with increased spend.î
The Staffing Industry Analysts report examines the growth in the U.S. temporary staffing market and the range of companies that facilitate independent contractor engagement. The report identifies the increased scrutiny of independent contractor misclassification as a key driver in the demand for both Agent of Record and Payrolling services.Risk mitigation has specifically driven a greater demand for Independent Contractor Evaluation and Compliance (ICEC) services, with spending rising nearly 30% among ICEC providers in 2012. In recognition of the connection between ICEC and payrolling service, this is the first time that SIA has combined both types of businesses in a report. Contact firstname.lastname@example.org to learn more about the members-only report or to request a copy.
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About MBO Partners
For more than 25 years, MBO Partners has made it easier for Fortune 1000 and other large organizations to maximize their return on independent contractor talent. As the leading Independent Contractor Engagement Specialist (ICES), MBO helps clients mitigate 1099 compliance risks, drive unparalleled program adoption, improve spend visibility, and more easily access their critical independent talent. With MBO, clients can more efficiently engage, deploy, and retain their small professional service providers so they can better capitalize on the emerging Project Economy. MBO is an approved GSA vendor. For more, visit www.mbopartners.com or read our Consulting 2.0 Blog. You can also sign up to receive the new Contractor Engagement Quarterly newsletter here.
About Staffing Industry Analysts
Staffing Industry Analysts is the global advisor on contingent work. Known for its independent and objective insights, the company's proprietary research, award-winning content, data, support tools, publications and executive conferences provide a competitive edge to decision-makers who supply and buy temporary staffing. In addition to temporary staffing, Staffing Industry Analysts also covers related staffing sectors. The company provides accreditation with its Certified Contingent Workforce Professional (CCWP) program. Founded in 1989, acquired by Crain Communications Inc. in 2008, the company is headquartered in Mountain View, California, with offices in London, England. For more information, visit www.staffingindustry.com.