The startup operates a contingent workforce management platform that provides essential back-office services such as payroll, onboarding, and legal compliance for staffing firms and talent acquisition executives. By streamlining these administrative functions, the platform enables clients to focus on effective talent recruitment and organizational growth.
Funding
$60M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Staffing firms and talent acquisition executives face challenges in managing the administrative overhead associated with contingent workforces, including payroll processing, onboarding, and ensuring legal compliance. These back-office tasks can divert resources from core activities like talent recruitment and business development.
Solution
myBasePay offers a contingent workforce management platform that streamlines essential back-office functions, allowing staffing firms and enterprises to focus on talent acquisition and organizational growth. The platform provides solutions for staffing, funding, employer of record (EOR) services, and workforce compliance, supporting both domestic and global contingent workforces. myBasePay's EOR model enables businesses to compliantly attract, onboard, manage, and pay their contingent workers. The platform's automated onboarding and compliance tools help mitigate risks related to worker misclassification, tax liability, and co-employment.
Target Audience
The primary target audience includes staffing firms seeking to enhance productivity and profitability, as well as enterprise talent teams aiming to optimize their contingent workforce programs and outsource risk.
Features
- Employer of Record (EOR) services for managing contingent workers
- Global EOR capabilities for international workforce management
- Automated onboarding processes with real-time visibility
- Workforce compliance tools to mitigate risks and ensure regulatory adherence
- Payroll funding solutions for improved cash flow and contractor satisfaction
- Direct sourcing solutions for building an enterprise talent pool
- Integration with cloud and SaaS platforms using OAuth2 for secure authorization
- Data encryption using SSL at rest with 256-bit AES encryption