If the agreement is for consulting services, you have multiple options.
In most cases, charges are "per project" based upon the Statement of Work (SOW) agreed upon. We believe this makes clients more confident as there are no unexpected charges. Of course, if additional requirements are added after an agreement is reached, there will be additional charges, but a well-thought-out SOW can preclude most of these situations.
However, we recognize that some work is best approached on a per-hour basis and in that case, a per-hour charge will be applied.
There are some cases in which a "day rate" makes sense, especially on a multiple day assignment. Day rates depend upon location, duration and expenses.
For continuing support, a retained agreement may work well. (See "Does Venture HRO work on a retained basis? below.)
We will provide options--in the end, the client makes the choice of what works best for them.
If you are looking for an Business Process Outsourcing arrangment, pricing is completely customized, depending upon the services you want us to do for you and the accessiblity and responsiveness you require (a 24/7 agreement is more expensive than a regular-business-day agreement, for example.) Call us to discuss your needs at 940-867-9761.
Our standard discounts are:
Generally, clients who contract long-term or large contracts receive some discount as part of the quote for services based upon volume of business.
It depends upon the complexity of the task and other work already agreed to. However, the timeline will be agreed to as part of the Statement of Work, so the client will know when the work will be completed.
If you believe your primary use of Venture HRO will be on an consulting basis, then it may be easier for budgeting purposes to set up a retainer arrangement to ensure equal billing throughout the year. Pricing will be based upon the amount and type of work to be done and will be outlined in the retainer agreement.
If the work is billed on an hourly basis, Venture HRO will bill monthly, usually on the first of the month or at the conclusion of the project.
For project work, the payment schedule will be outlined in the agreement. There may be a prepayment of some portion of the fee at the beginning of the project or the project may be billed at stages. For a small project, billing may be done at the conclusion of a project.
For retained agreements, invoicing is done monthly on the first of the month.
Yes, we can make those arrangements.
Outsourcing is contracting out a service a company decides it no longer wishes to do. Company management may be trying to reduce costs, get a better outcome, or focus on their core business and therefore, get rid of some largely administrative tasks. For example, a company may decide rather than deal with recruitment, they would rather hire a company to do all of the actions involved with recruitment and pay for the service. Outsourcing is a long-term relationship.
In a consulting arrangement, the company is paying for expertise it doesn't have on a temporary basis to support a specific goal. For example, the company may feel its benefits program doesn't meet the needs of the company as a recruitment and retention tool or may be too expensive to support with company resources available. Venture HRO can provide expertise to design and negotiate a better mix of benefits for the employer. Generally, this would be a short-term assignment, although there may be situations where a long term arrangement is called for (see "Does Venture HRO work on a retained basis?" above.)