For staffing agencies, Worksome means simplified (and hopefully faster!) payments for you and your candidates.
The payment flow on Worksome for staffing agencies
Once the external workers are placed, they will discuss and decide with the client the payment frequency - weekly, monthly, or at the end of the project. Based on that, external workers submit a payment request in Worksome and an invoice will automatically be generated upon approval of the request. Worksome will process payment to you based on your payment terms.
How will the staffing agency get paid?
Worksome is self-billing, meaning the platform will track your margin for you and you don't need to create an invoice yourself. After an external worker is paid, Worksome will also process a payout to your bank account. You will be notified by email when your payment has been processed.
Note: the worker's payment terms may differ from yours.
When will the staffing agency get paid?
When you will get paid depends on the nature of your staffing agency. There are two options:
If the staffing agencies is Managing Workers: If you're managing the workers, when you get paid depends on the client payment terms with Worksome and your staffing agency. Depending on the client you work with, there can be some cases where you will be generating payment requests on behalf of the worker. Specific workflows will be outlined in your training session.
If the staffing agency is Non-Management of Workers: If you do not manage the workers, then when you get paid depends on the client’s payment terms with Worksome and the worker. In other words, when your placement is paid, so are you!
How do I keep track of margin payments?
You can view all payments due to you under the Payment Request page:
Here you can view a breakdown of every payment request your workers have submitted, track your ownership, and view a breakdown of your earnings.
Where can I find a summary of what my consultancy has been paid so far?
To view your earnings, go to the Transactions page:
We use the bank details from your consultancy profile to make payments; please ensure they are always up to date. They can be updated by selecting your account on the bottom left-hand corner: Staffing agency settings > Bank. Note: only the "Account Owner" can edit the bank details. We do this for added security.
If you have any questions please reach out to us via live chat, or at hello@worksome.com.