This will be pivotal in insulating your organization from potential co-employment risks. By utilizing a payrolling provider, all payrolled personnel will be known as employees of your employer of record. In today’s day and age, organizational compliance has proven critical to overall workplace success. By partnering with a strategic payrolling partner, you’ll eliminate these hassles and allow your HR department to tackle more pressing business concerns. Using their valuable time to onboard and offboard employees is probably not the best use of these critical resources. Once staff members become overburdened, assignments can become neglected and slip through the cracks. Day-to-Day EfficiencyĪs companies look to make their organizations leaner and more operationally efficient, many hiring managers and HR leaders have been forced to take on additional tasks in their day-to-day roles. Learn More About Our Payrolling Services 3. While your payrolling provider will handle the burdens of these administrative processes, your new resource will be able to hit the ground running. By engaging with a payrolling provider, your organization can remove the onboarding process entirely-which will significantly reduce lost time. We all know that projects are often time-sensitive, and spending time going through the administrative lag of employee onboarding can waste precious time. But by choosing to payroll this resource, your organization won’t be required to cover these expenses instead, they’ll be covered by the employer of record. Benefits-including Social Security, Medicare, state unemployment, healthcare, insurance, and 401(k) plans-can tack on an additional 18% – 20% to a base salary. So, any CFO knows that the costs of bringing on a full-time employee can add up fast. Cost-EffectivenessĮverything in business has a cost-a cost that is constantly being measured. Here are some compelling reasons to pursue payrolling services: 1. In today’s business climate, many companies are experiencing an increased need for skilled workers who can be called upon on an as-needed basis. But what’s the other type of payrolling-the kind that will generate cost savings, protect you from co-employment risks, and provide greater flexibility for your organization?Īt Acara, we define payrolling as the process of engaging with a temporary worker and placing them on someone else’s payroll. When most people think of when the term “payrolling,” they’re referencing the outsourcing of your company’s paycheck processing.
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