Albany Acquires eWork Services to Expand

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<p><b>Mountain View, Calif. &mdash; March 5&nbsp;</b><br />Albany, a provider of global contingent workforce management services, has acquired eWork Services Inc., a specialist in contractor payrolling services and 1099 compliance.&nbsp; </p><p>The acquisition bolsters Albany&rsquo;s plans for expansion into the U.S. market.<br /><br />Albany provides employer of record services for contract workers and contingent workforce management solutions worldwide.&nbsp; </p><p>Albany acts as a traditional employer, hiring workers as their own W2 employees, processing payroll, providing benefits and HR support for short-term projects or assignments with contract workers.&nbsp; </p><p>Serving companies in more than 65 countries, Albany is an expert in international tax and labor law, including U.S. federal and state regulations.<br /><br />The acquisition of eWork Services complements Albany&rsquo;s international capabilities. eWork Services excels at payrolling services and 1099 compliance, an often confusing set of criteria for determining independent contractor versus W2 contract workers.&nbsp; </p><p>eWork Services, with more than 20 years experience in managing a contingent workforce and a proven record, provides this specialty critical to success in the U.S. market.&nbsp; </p><p>The acquisition and strength of Albany consolidates eWork as the premier provider in its market.<br /><br />&ldquo;eWork Services is a perfect fit for Albany&rsquo;s long-term goals,&rdquo; said Jason Posel, Albany senior vice president. &ldquo;As we expand our business in the U.S., eWork Service&rsquo;s established customer base and domestic expertise provides an excellent launching pad.&rdquo;<br /><br />The expanded company, with eWork Services now known as Albany Services Inc., will offer a full-service solution for contingent workforce management.&nbsp; </p><p>Albany differs from staffing companies in that it does not source the contract workers (they typically have already been sourced by the client company).<br /><br />As an employer of record, Albany offers its customers the optimum benefit of using contract talent.&nbsp; It lets its customers leverage their own referral networks and HR departments to find talent. </p><p>Unlike staffing companies, Albany&rsquo;s entire focus is to manage the administrative issues such as onboarding, employment agreements, payroll, insurance, time and expense capture, benefits and taxes, assuming responsibility and liability.<br /><br />&ldquo;We&rsquo;re in the middle of a talent war,&quot; Posel said. &quot;Employees are no longer hired for life &mdash; companies don&rsquo;t want that liability, so many individuals don&rsquo;t want full-time employment but want control of their own destiny. </p><p>&quot;This, and an aging workforce, is causing a shortage of highly skilled people in the U.S. and many other countries.&rdquo; </p>

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