At King & Bishop, we offer payrolling as one of our many services. But what is payrolling, and how can it help your business? Let us break it down:
What is Payrolling?
Third party payroll services, such as those provided by King & Bishop, allow businesses to transfer the responsibilities of adding an employee to their payroll to another party. This is commonly done when the employee in question is a temporary employee, which allows the business to avoid jumping through the administrative hoops of hiring and enables the temporary employee to begin work as soon as possible.
What are the Benefits?
There are many! The primary benefit is that the third party (in this case, King & Bishop) takes on the responsibilities of adding an employee to their payroll, including government mandated compliance, Workman’s Compensation Insurance, and tax withholdings. But there are many more, including:
- King & Bishop can manage hiring costs for your business.
- We can reduce the burden on your existing staff.
- We comply with all independent contractor regulations and all hiring requirements.
- We offer excellent benefits and direct deposit.
- Your business still retains control over the hiring process, as you’ll identify, screen, and select the candidates paid through our payroll services.
In What Situations Would Payrolling Services Help?
There are many circumstances where using a payroll service would be helpful. They include:
- You already have a candidate in mind that you would like to employ for a project or a fixed period of time.
- You want to give an employee a trial period before making a comprehensive offer.
- You need flexible staffing services where complexities such as withholding and liability are taken care of for you.
Interested in learning more or enrolling in our payroll services? Get in touch today!