The reason risk is often overlooked is executives, managers and professionals took a chance on working for a start-up and wear “risk” like a badge of honor. As the IPO gets closer risk becomes a dirty word as all operations come under a microscope and suddenly worry comes across those with financial and workforce management. At this point the agenda quickly becomes, how do we manage this risk or how do we off-load the risk to a partner?
The Pre-IPO business strives for any advantage it can in the pursuit of convincing Wall Street their client’s investments will return a profit. Those who avoid giving “risk” the attention it deserves will face the most common roadblock heard on earnings calls. The dreadful pause before explaining that a lawsuit prevented a profit from being recorded.
Human Capital Compliance
That is why workforce compliance is always center stage for the most responsible pre-ipo companies. Investors require that public companies know exactly where their contingent workforce participants are located, how they are paid, and are classified in accordance with labor laws.
To learn more about how to offload workforce risk to CXC Global the leader in international contingent workforce compliance, please contact us to begin the conversation.