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Up until this point, EPS, and the staffing industry as a whole, only hired talent as independent contractors. This was a pioneering move, as EPS was the first experiential staffing agency to make the switch to a 100% W-2 model!
EPS is the most compliant event staffing agency! We meet all worker’s compensation, liability insurance and compliance regulations.
Security. The use of 1099 contractors by any agency carries with it an increased risk of worker misclassification liability. Misclassification of independent contractors, who the government views as employees, can result in substantial liability and penalties including back taxes, overtime pay, workers compensation, employee health benefits and more.
Peace of mind our clients. In the case of employee misclassification, agencies and brands that hire agencies that use 1099 independent contractors can be named as “co-employers” in audits. As a co-employer, these agencies and brands become responsible for associated fees and fines.
Talent performance and employment benefits. Under a W-2 model, EPS pays a portion of our talents’ taxes for them. For example, in the case of social security and Medicare payroll taxes, employees and employers split the cost, while an independent contractor (1099 worker) is seen as both the employer and the employee, so he or she must pay the entire 15.3% as “self-employment tax”. EPS also offers health discount cards, a Verizon discount and more! These benefits have led to a heightened level of motivation and talent loyalty, which helps us ensure that the ‘right people’ are placed for each event.
EventPro Strategies is proud to have forgeed this new path in our industry, and will continue to create new standards that benefit both our clients and our talent. In hiring our talent as W-2 variable hour employess EPS became the first, and remains one of the only, staffing agencies that can say that we don’t just book staff- we employ talent!