Category
The glossary.
The staffing market loves jargon; we explain it plainly. From MSP, VMS and brokering to pay-when-paid, indemnification and portage salarial — so you know exactly what you are saying yes to.
5 entries
- BrokeringBrokering is the model in which an intermediary handles the contract and payments between client and professional without doing the sourcing.
- EOR and AOREOR (employer of record) and AOR (agent of record) are constructions in which a third party carries legal employment or contractor administration on behalf of a client.
- MSP (managed service provider)A managed service provider (MSP) runs a client's entire contingent-workforce programme, from requisition to invoicing and compliance.
- Pay-when-paidPay-when-paid is the arrangement under which an intermediary pays the professional once the end client has paid; Hero also offers a credit-insured alternative.
- W-2 and 1099W-2 and 1099 denote the two basic US worker statuses: employees on payroll (W-2) and independent contractors (1099), named after their respective tax forms.