Contingent Workforce Solutions Recognized for 10,330% two-year Revenue Growth in the 12th Annual PROFIT HOT 50 Ranking

Managing Contract and Project Labour now a Must-Have for Companies

August 31, 2011(Toronto) Contingent Workforce Solutions, with over 10,330% growth inthe past two years, today was named Canada’s Top New Growth Company by the 12th Annual PROFIT HOT 50 Ranking.  Contingent Workforce Solutions has achieved this growth while riding the trend toward employers engaging with more and more contract and temporary talent. By providing companies with the technology and process management services that properly account for, manage and administer their contract workers, Contingent Workforce Solutions helps its clients manage their contract worker head count and line item expense.

Contingent Workforce Solutions was founded to meet the industry need to help companies properly manage contract and temporary human resources. The recession has caused companies to cut back on full-time employees and rely more on cost-effective qualified contract workers. At the same time, baby boomers and Gen Yers are turning to independent contracting to make money in a tough job market, while also learning to enjoy the benefits and flexibility of working for themselves.

In fact, contract and temporary workers now account for more than 20% of most organizations’ workforces while also being one of their largest expenses.  “Companies can no longer afford to do without the tools that allow them to account for and properly manage their contract labour,” says Jeff Nugent, Managing Director of CWS. “It’s no longer a luxury item — it’s a need.”

CWS partners with its clients to streamline the management of their contingent workers and ensure their contractors have the work status and health and safety certifications required to be compliant with employment and tax law.  Contingent Workforce Solutions’ SimplicityVMS software enables organizations to keep track of and properly administer their contract labour expenditures throughout the organization. In addition to its corporate clients, such as Bank of Montreal, Sobeys, Walmart and Enbridge, CWS’ Simplicity software is also used by recruiting firms that provide it as a value-add to their clients.

CWS is especially honoured to receive this award from the PROFIT HOT 50 amid competition from Canada’s top new growth companies. “The PROFIT HOT 50 exhibits all of the traits that underpin business success,” says PROFIT editor Ian Portsmouth. “With good products, persistent and focused leaders and motivated teams, Canada’s Top New Growth companies have achieved enviable growth rates despite a shaky economy.”

“Our goal is to work with companies and take some of the stress related to managing contract labour off their plates so they can focus on and be more successful at their core business,” says Nugent.  “We also want to empower Canadians to not fear becoming self-employed, independent contractors and being more successful. As this self-employed empowerment takes shape, we feel this will lead to more innovation and a stronger economy as a whole.”

About CWS: Contingent Workforce Solutions is a business process management and advisory firm specializing in developing and implementing industry leading contract workforce management people, processes & technology that help its clients gain control of their contract workforce. Since CWS is not a Staffing Vendor we partner with clients to provide: Advisory and Program Consulting Expertise; Managed Program Outsourcing Services, and Third Party Contractor Compliance, Engagement, Payrolling and Administration Services. CWS’ client base includes: Bank of Montreal, Wal-Mart, Enbridge and Worley Parsons. For more information visit www.contingentworkforcesolutions.com.

About PROFIT Magazine: PROFIT: Your Guide to Business Success is Canada’s preeminent publication dedicated to the management issues and opportunities facing small and mid-sized businesses. For 29 years, Canadian entrepreneurs and senior managers across a vast array of economic sectors have remained loyal to PROFIT because it’s a timely and reliable source of actionable information that helps them achieve business success and get the recognition they deserve for generating positive economic and social change. Visit PROFIT online at www.PROFITguide.com.

To view the 12th annual PROFIT HOT 50 ranking Click Here.

For more information, please contact:

Christina Fabugais
Contingent Workforce Solutions Inc.
Direct Phone: 416-642-9077
Toll free: 1-866-837-8630, ext. 9077
Email: christina.fabugais@cwsolutions.ca
Linkedin: http://www.linkedin.com/in/christinafabugais

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