Leading workforce management solution provider, Volt Consulting – Managed Service Programs, announced today that it has partnered with Infotree, producers of the TalentNet Independent Contractor Verification process. As organizations maintaining a contingent workforce continue to increase their use of independent contractors, the IRS has increased the number of audits to uncover potential worker misclassification improprieties. The high cost of penalties sustained by organizations who improperly classify contingent workers as Independent Contractors (IC) has presented a challenge to organizations that maintain a significant contingent workforce. To assist its clients in monitoring their IC workforce for potential worker misclassification, Volt Consulting MSP has elected to deploy TalentNet, an IC classification software and service produced by Infotree. Infotree, a diversity-owned business enterprise will be offering the TalentNet solution in support of Volt Consulting’s new and existing human capital managed service programs.
Volt Consulting MSP President, Larry Kaylor explained, “The TalentNet program strictly adheres to IRS regulations and utilizes the same independent contractor litmus test used by IRS auditors to determine IC status.” Kaylor further reflects, “Volt Consulting MSP understands Infotree to have considerable expertise in this area which is why it elected to enter into an agreement with them to provide this critical service offering to our Global 1000 clients.”
The Volt Consulting/Infotree TalentNet Program employs a methodological 7-step approach to determine if an assignment is, or should be, classified as an IC. The 7-step process was developed by Infotree’s legal team, which is comprised of former IRS agents and an former Justice Department prosecutor.
About Volt Consulting - Managed Service Programs
Volt Consulting - Managed Service Programs (MSP) is a business unit of Volt Information Sciences, Inc., providing specialized services and solutions to streamline and manage procurement of temporary staffing, project services, consultants, and other human capital. Volt Consulting MSP improves efficiencies throughout the entire procurement lifecycle, including supplier management, sourcing, spend management, invoicing, reconciliation and payment for enterprise clients. Volt Consulting MSP offers sophisticated human capital supply chain management outsourcing services, liberating clients’ human resources and procurement professionals from the intensive tasks surrounding contingent workforce management, so they can focus on core business processes. For additional information, please visit the Volt Consulting MSP website at www.voltmsp.com.
Infotree General Contracting Corp is a global provider of staff augmentation and strategic workforce management solutions to many of the world‘s leading organizations. Its innovative solutions and products allow its clients to obtain and retain the best talent available. Infotree’s web-enabled TalentNetsm software allows its clients the ability to navigate the complicated world of independent contractor classification. Infotree’s stringent adherence to government regulations assures that its clients are protected and that workers are classified in accordance to the law. For more information concerning Infotree please visit www.infotreeservice.com.