Hi,
Am venturing into US/Canada staffing. Can somebody help me with how to start the same.
Current Market : Before anything, it is very important you check what is in the market right now and what is being offered,, services, terms and conditions, warranties ....Who are the players ?
PRICING wot are the usual terms and condition, pricing is percentage based as in India ??? Wot is the standard rate?
Can some explain W2, Corp 2 Corp, 1099 Basis
Thanx
Rekha
From India, Bangalore
3Am venturing into US/Canada staffing. Can somebody help me with how to start the same.
Current Market : Before anything, it is very important you check what is in the market right now and what is being offered,, services, terms and conditions, warranties ....Who are the players ?
PRICING wot are the usual terms and condition, pricing is percentage based as in India ??? Wot is the standard rate?
Can some explain W2, Corp 2 Corp, 1099 Basis
Thanx
Rekha
From India, Bangalore
Typically all the 3 are associated with independant contractors.
1099 (is the IT form (US) for declaring contractors' (independant ones) taxes. Like we have Form16 in India.) are direct contractors.
Corp-to-corp is a employment relation from a company to another, typically prevelant in replacement of direct contracting. More often is the fact that people incorporate themselves so that they can save a lot of money in tax (by showing their income as corp expenses, travel expenses etc.)
W2, is subcontracting. Where you work on my payrolls and on my clients' locations. I bill you with the client and pay you salary for the contract duration.
This is just a brief idea on it.
If you say you want to venture into US staffing, you would be incorporating a staffing firm and providing clients a lot of contractors who would be working with you on W2. More typically, in the US, there are agencies called MSPs (manpower service providers) that handle all recruitment activities of one or more companies, with the actual employer having just one or two HR people to host requirements. The MSPs bill on a percentage fee that is offered to potential employees of the staffing firm. And the revenue made by the staffing firm is the difference between what is paid to the contractor and what is billed with the MSP (or the client, I am not sure which one actually bills).
In India, the recruitment process of the staffing firms are outsourced. (Obviously to save paying a recruiter $35 per hour and paying them INR15000/- or so!!)
More info: A year in the US calendar is 2080 working hours, and billing is done on an hourly basis with contractors. Benefits to be paid to the contractor are taken care of by the staffing firm itself.
Thats about it. I am not sure if I can help you further. I would suggest that you get in touch with any of the recruiters or account managers working in US staffing firms to help you further.
PL&E
From United States, San Diego
1099 (is the IT form (US) for declaring contractors' (independant ones) taxes. Like we have Form16 in India.) are direct contractors.
Corp-to-corp is a employment relation from a company to another, typically prevelant in replacement of direct contracting. More often is the fact that people incorporate themselves so that they can save a lot of money in tax (by showing their income as corp expenses, travel expenses etc.)
W2, is subcontracting. Where you work on my payrolls and on my clients' locations. I bill you with the client and pay you salary for the contract duration.
This is just a brief idea on it.
If you say you want to venture into US staffing, you would be incorporating a staffing firm and providing clients a lot of contractors who would be working with you on W2. More typically, in the US, there are agencies called MSPs (manpower service providers) that handle all recruitment activities of one or more companies, with the actual employer having just one or two HR people to host requirements. The MSPs bill on a percentage fee that is offered to potential employees of the staffing firm. And the revenue made by the staffing firm is the difference between what is paid to the contractor and what is billed with the MSP (or the client, I am not sure which one actually bills).
In India, the recruitment process of the staffing firms are outsourced. (Obviously to save paying a recruiter $35 per hour and paying them INR15000/- or so!!)
More info: A year in the US calendar is 2080 working hours, and billing is done on an hourly basis with contractors. Benefits to be paid to the contractor are taken care of by the staffing firm itself.
Thats about it. I am not sure if I can help you further. I would suggest that you get in touch with any of the recruiters or account managers working in US staffing firms to help you further.
PL&E
From United States, San Diego
Work Status Terms:
Work Status is a term used to describe the employment status of the consultant. This is critical because it dictates whether we can work with an individual consultant directly and what our limitations are. Below is a list of terminology pertaining to Work Status:
W2: A direct hourly employee. In this arrangement, TechRP will pay the consultant/contractor an hourly wage and taxes will be taken out accordingly when the consultant is paid. The consultant for that reason must be a US Permanent Resident, US Citizen, or Green Card holder.
H1-B Visa or “H1” for short: A consultant/candidate with an H1-B Visa must have a company that sponsors his H1-B Visa. H1-Bs can work in a W2 capacity but they can only do so for the company that sponsors and holds his/her H1-B Visa. In order for an H1-B Consultant to leave his/her company, he/she must have their H1-B Visa transferred to another company. This process requires an immigration attorney or internal legal counsel to apply for a Visa Transfer with the USCIS, who handles all immigration for the United States. USCIS stands for United States Citizenship and Immigration Services.
TN Visa: A consultant/candidate with a TN Visa is a Canadian citizen. In order for a Canadian Citizen to work in the US, they must have their Passport/Visa stamped as such at the US/Canadian Border. Under NAFTA (North American Free Trade Act), it’s quite easy to Canadian Citizens to gain entry into the US to work. They require a letter from the employer citing job duties and duration of employment.
Direct Corp to Corp: A consultant that has his/her own corporation. In this arrangement, TechRP will pay the Consultants corporation directly and no taxes will be taken out upon payment. In most cases the consultant has set up his/her corporation for the very purpose of Tax Flexibility.
3rd Party Corp to Corp: In this arrangement TechRP will works in a Direct Corp to Corp (see above) arrangement, but rather than just one individual owning his/her own company the company will have a “bench” or group of candidates. TechRP will utilize or contract with this Corporation or “vendor” as we call them for one of their consultants to engage in a contract assignment for TechRP. TechRP will pay the Corporation for that consultants services. Like a Direct Corp to Corp, no taxes will be taken out upon payment.
Contract: A contract is a temporary position, sometime full-time (40+ hours per week) temporary and sometimes part-time (less than 40 hours per week) temporary. TechRP predominantly, 99.9% of the time, works to fill full time contract engagements. In a contract situation, we are working in a Direct Corp to Corp (see above) arrangement with XYZ Client and placing a consultant on site or off site with XYZ Client for a specified duration at a specified hourly pay rate. The consultant we are placing can be our own W2 (hourly or salaried), a Direct Corp to Corp consultant, or a 3rd Party Corp to Corp consultant.
Direct Hire/Permanent Hire: A direct or permanent hire is a candidate placement where the end client actually brings the submitted candidate on board directly – they pay them a permanent salary and TechRP gets a one lump fee for locating the candidate.
From India, Bangalore
Work Status is a term used to describe the employment status of the consultant. This is critical because it dictates whether we can work with an individual consultant directly and what our limitations are. Below is a list of terminology pertaining to Work Status:
W2: A direct hourly employee. In this arrangement, TechRP will pay the consultant/contractor an hourly wage and taxes will be taken out accordingly when the consultant is paid. The consultant for that reason must be a US Permanent Resident, US Citizen, or Green Card holder.
H1-B Visa or “H1” for short: A consultant/candidate with an H1-B Visa must have a company that sponsors his H1-B Visa. H1-Bs can work in a W2 capacity but they can only do so for the company that sponsors and holds his/her H1-B Visa. In order for an H1-B Consultant to leave his/her company, he/she must have their H1-B Visa transferred to another company. This process requires an immigration attorney or internal legal counsel to apply for a Visa Transfer with the USCIS, who handles all immigration for the United States. USCIS stands for United States Citizenship and Immigration Services.
TN Visa: A consultant/candidate with a TN Visa is a Canadian citizen. In order for a Canadian Citizen to work in the US, they must have their Passport/Visa stamped as such at the US/Canadian Border. Under NAFTA (North American Free Trade Act), it’s quite easy to Canadian Citizens to gain entry into the US to work. They require a letter from the employer citing job duties and duration of employment.
Direct Corp to Corp: A consultant that has his/her own corporation. In this arrangement, TechRP will pay the Consultants corporation directly and no taxes will be taken out upon payment. In most cases the consultant has set up his/her corporation for the very purpose of Tax Flexibility.
3rd Party Corp to Corp: In this arrangement TechRP will works in a Direct Corp to Corp (see above) arrangement, but rather than just one individual owning his/her own company the company will have a “bench” or group of candidates. TechRP will utilize or contract with this Corporation or “vendor” as we call them for one of their consultants to engage in a contract assignment for TechRP. TechRP will pay the Corporation for that consultants services. Like a Direct Corp to Corp, no taxes will be taken out upon payment.
Contract: A contract is a temporary position, sometime full-time (40+ hours per week) temporary and sometimes part-time (less than 40 hours per week) temporary. TechRP predominantly, 99.9% of the time, works to fill full time contract engagements. In a contract situation, we are working in a Direct Corp to Corp (see above) arrangement with XYZ Client and placing a consultant on site or off site with XYZ Client for a specified duration at a specified hourly pay rate. The consultant we are placing can be our own W2 (hourly or salaried), a Direct Corp to Corp consultant, or a 3rd Party Corp to Corp consultant.
Direct Hire/Permanent Hire: A direct or permanent hire is a candidate placement where the end client actually brings the submitted candidate on board directly – they pay them a permanent salary and TechRP gets a one lump fee for locating the candidate.
From India, Bangalore
Dear Friend,
Kindly click on the following link, it will give you some required information,
https://www.citehr.com/search_new.ph...fing&submit=Go
https://www.citehr.com/search_new.ph...fing&submit=Go
Pls let me know was this information useful,,
If not let me try out more & give information,,,,
In CiteHR you will get A to Z information on HR…..
Regards
M. Peer Mohamed Sardhar
093831 93832
From India, Coimbatore
Kindly click on the following link, it will give you some required information,
https://www.citehr.com/search_new.ph...fing&submit=Go
https://www.citehr.com/search_new.ph...fing&submit=Go
Pls let me know was this information useful,,
If not let me try out more & give information,,,,
In CiteHR you will get A to Z information on HR…..
Regards
M. Peer Mohamed Sardhar
093831 93832
From India, Coimbatore
Kindly let me know the formalities to be filled for Visitor visa. My father in law is there in USA. I need to go along with my wife. However my wife has got H1 visa. But I need to apply for Visitor visa. Pls guide me on this????
Murali
From India, Bangalore
Murali
From India, Bangalore
Dear friends !
I got a job as US IT Recruiter. I m going to start my work from next week. i have experience in domestic IT and Non IT recruitment.can you please let me know how to prepare my self for that before i start my work. I really don't know about the work nature. Could you please explain me !
Thanks and Regards,
Mani
From India, Chennai
I got a job as US IT Recruiter. I m going to start my work from next week. i have experience in domestic IT and Non IT recruitment.can you please let me know how to prepare my self for that before i start my work. I really don't know about the work nature. Could you please explain me !
Thanks and Regards,
Mani
From India, Chennai
Hi if you are looking for US IT recruitment training your search ends here.
One Algorithm technologies offers corporate training for the recruitment technologies. With special focus on multiple portals, we provide you how to share a passion to reach your goals.. We specialize in providing corporate training for US IT Recruitment . We provide you Resume Preparation,Resume Marketing,Interview Scheduling,design grooming classes for fresh recruits to get them up to speed with our specially designed curriculum.
Do reach us at 7842429339..(or) 04068888355
mail me at @
From India, Hyderabad
One Algorithm technologies offers corporate training for the recruitment technologies. With special focus on multiple portals, we provide you how to share a passion to reach your goals.. We specialize in providing corporate training for US IT Recruitment . We provide you Resume Preparation,Resume Marketing,Interview Scheduling,design grooming classes for fresh recruits to get them up to speed with our specially designed curriculum.
Do reach us at 7842429339..(or) 04068888355
mail me at @
From India, Hyderabad
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