Episode 33 - Michael Coffill, Leveraging EOR's to Facilitate Growth
If you could allow someone else to take on the risk in parts of your business that you aren't as familiar with, you'd do it, wouldn't you? For some reason, Canadians are seemingly slow to adopt the use of EOR's in the staffing industry. But should they be?
Key Moments:
What exactly does an EOR do and how do they help business owners
How the laws regarding EOR's differ from the United States and Canada
How and EOR can help so you don't have to fulfill the payroll while you are waiting to get paid
Why some Canadians seem hesitant to adopt the EOR model even though it is recognized in the US and Europe
How the new software that Michael and his team are working on help those in the staffing industry and when it is expected to launch
Why Michael has gotten away from checks and is only using direct deposit for payroll
Favorite Quote:
"We take all the risk in hiring and give you all the profit."
Michael Coffill
Connect with Michael:
With over 30 years of experience in staffing and recruitment, Michael Coffill founded Wages Corp in 2019 to provide various services to help you manage your Canadian workforce. Wages Corp is a business passionate about enabling independent recruiters, as well as small businesses, to reduce costs and risks, using their experience-based, back-office support system.
As the Founder and General Manager, Michael leads a team of professionals who specialize in payroll and receivables administration, employer of record, human resources, employer branding, and workers compensation administration. They take one of the largest costs (payroll) and leverage it to accomplish tasks only larger companies can afford to do.
Connect with Suky:
I'm Suky an adrenaline junkie who celebrates every single win. I believe we must celebrate and collect all our wins along the way as it fuels forward momentum to ensure we exceed our goals. When we fuel forward momentum, complacency simply can not settle in.
With over 25 years of experience working in the staffing industry, 16 of those working with global recruitment companies, I bring the knowledge and experience of working in 18 countries and successfully navigating through numerous "recession" cycles.
Companies often get so focused on the bottom line that they forget that we are in the "people business". For me, the magic happens when my clients recognize the best way to create a truly sustainable high-performance sales culture is to align both.
Canadian Staffing Industry Summit
