Place 1099 Contractors for MORE Money!
Earlier this year, we introduced a new service level offering for Top Echelon Contracting: TEC Express. Express is designed for contractors who are “office professionals” and would qualify for the Workers Compensation Code 8810 (or equivalent).
However, TEC offers more than just two service levels —Express and Premium. We can also facilitate the placement of 1099 independent contractors.
We’ve been told for years that recruiters need an easy solution to place independent contractors on a 1099 basis with NO start-up fee. And at TEC, we can help make that both easy and profitable!
Calculate your profit on 1099 contractors
That’s why we’re inviting you to run a quote on our online Recruiter Profit Calculator. You can see how much money you can potentially make per hour placing a contractor using our back office. And you can do it for all three service level offerings—1099, W-2 Express, and W-2 Premium.
To calculate your quote, all you have to do is enter the Bill Rate, Pay Rate, and the State the contractor will work. Then the Profit Calculator will display your estimated profit you would make each hour the contractor worked for all three service levels.
Keep in mind that the profit per hour estimates are just that: estimates. Once you start the process of submitting the details of the placement to us, we’ll be able to nail down the exact profit that you will earn.
Let’s say for example you have the opportunity to place a 1099 independent contractor at your client:
- $75 per hour bill rate
- $50 per hour pay rate
- Ohio is the work state
Using that criteria, the estimated recruiter profit per hour for placing a 1099 contractor is $20.52 per hour.
It’s important to note that the Internal Revenue Service (IRS) has clearly defined guidelines for what constitutes a 1099 contractor and what constitutes a W-2 employee. Top Echelon Contracting adheres strictly to these guidelines when serving as the back office for contract placements. As a result, TEC will help determine whether the contractor truly qualifies as a 1099 independent contractor based on the IRS guidelines, or as a W-2 contractor.
And of course, if you have any questions don’t hesitate to contact one of our contract staffing specialists.
You CAN place 1099 contractors for MORE money. And Top Echelon Contracting can help!