Market Overview

Innovative Employee Solutions Launches Spin-Off Company Fulcrum, Bringing the Future of Work to Enterprise Companies

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First-of-its-kind hiring platform offers large employers seamless,
fully-compliant access to gig economy talent

Until now, large Fortune 1000 companies seeking to hire skilled
on-demand or freelance workers had no compliant way to access gig
economy talent. Today, Innovative
Employee Solutions (IES)
, a nationwide provider of outsourced
payroll and human resources (HR) administration services, launched a
solution to that problem: Fulcrum,
a first-of-its-kind hiring platform connecting enterprise companies with
top online gig and freelance talent providers while maintaining full
compliance.

According to a combined
study
by Intuit and Emergent Research, 34 percent of American
workers earn money through the gig economy, in all manner of temporary,
freelance or on-demand positions. That number is projected to grow to 43
percent by 2020, making the gig economy a far larger employer, by the
numbers, than other more traditional, high-profile industries.

In 2016, IES President Peter Limone learned the online staffing
business's global market share was projected to grow to $10 billion by
2020. Realizing such platforms were the future of the staffing industry,
he challenged his team to come up with a solution that would grow the
ability of enterprise companies to hire from the online space. Over the
next year and a half, IES' top management, technical and operations
minds formulated ideas that would become Fulcrum, and built its capacity
to run as an independent company.

"I wanted to help bring the future of work to our clients," said Limone.
"It took a year and a half of brainstorming—but with each new idea, I
realized this is the type of challenge my team at IES was made for.
Fulcrum is what happens when the top minds of the staffing industry come
together to create a simple, effective, fully-compliant way for Fortune
1000 employers to access the gig economy."

Spearheaded by co-founders and former IES employees Trevor Foster and
Sean Ring along with Tyson McDowell, Fulcrum delivers a powerful,
end-to-end gig workforce hiring platform, where enterprise companies can
access the entire gig economy from a single, fully-compliant online
point of entry with transparent pricing models.

"For years, major enterprise companies have wanted to hire high-quality
freelance workers from all around the globe, but had no cost-effective,
compliant way to do so," said Foster, CEO, Fulcrum. "Layers of existing
processes and complex global compliance requirements made it very
difficult for them to access this growing pool of talent. Fulcrum
connects all the resources required for these employers to hire the
talent they need quickly and effectively—with one single point of entry,
one end-to-end integrated solution, and a single invoice."

Based in San Diego, Fulcrum has developed an application programming
interface (API) integrating the services of vendor management systems,
compliance vendors, online talent marketplaces, background screening
vendors, independent contractor service providers, freelancer management
systems and artificial intelligence (AI)-powered recruitment platforms,
providing a one-stop shop for hiring managers at enterprise companies.
This API is fully integrated with IES' back-office system, which ensures
each freelance worker hired through Fulcrum is fully vetted, kept
compliant and paid on time according to industry standards. IES will be
Fulcrum's lead U.S. compliance and payrolling vendor, and a key partner
and investor as the business moves forward.

"We're bringing on-demand access to freelance workers into the
traditional staffing infrastructure of a Fortune 1000 contingent
workforce program," said Ring, chief revenue officer, Fulcrum. "We do
this by normalizing data from multiple disparate platforms, creating a
central hub for hiring managers to solve their greatest challenges.
Fulcrum was created because we believe in democratizing access to talent
for our clients and enabling all people worldwide to do meaningful work."

"We are incredibly grateful for the major role IES has played in the
development of Fulcrum," continued Foster, "and we are particularly
proud to have them behind us as the highest standard of compliance."

About Innovative Employee Solutions (IES)

Since 1974, Innovative
Employee Solutions (IES)
has grown to be one of San Diego's largest
women-owned businesses and has served as the Employer of Record for
thousands of employers and recruiters nationwide, offering superior
outsourced payroll
and HR administration services
. IES' innovative, streamlined
contingent workforce solutions consistently help clients save time and
resources, increase revenue and reduce risk. The company services over
300 companies in the U.S. and Canada, and payroll for over 3,400
employees annually across a wide range of industries. IES was named one
of San Diego's "Best Places to Work" for nine years in a row (2008 to
2016). For more information, please visit www.innovativeemployeesolutions.com,
connect on Facebook,
Twitter
or LinkedIn,
or call (858) 715-5100.

About Fulcrum

Based in San Diego, Calif., Fulcrum
provides a state-of-the-art talent acquisition platform that seamlessly
brings the gig economy, where skilled freelancers take on short-term
jobs on a project-by-project basis, to major enterprise companies who
had no compliant way to access these workers before. Fulcrum solves that
problem by bringing together leading gig economy talent marketplaces,
compliance vendors, and advanced HR and staffing technology to build a
hiring platform where enterprise companies can access freelance workers
in a way that meets their global compliance standards. For more
information, visit www.fulcrumworks.com.

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