By Neal J. Fay
There are many benefits to using third party payroll services. Primarily companies like the flexibility of using a temporary or an on demand workforce. What is often missed is the failure to properly classify the employee and to protect the company from liability by using a payroll service provider for temporary hires they make on their own.
Payrolling Service Providers can help administer payroll service for any temporary position that a company brings on. In doing so, they save the administrative cost, burden and risk of adding to the in-house payroll headcount. These programs help remove all the administration headaches from the process to enable temporary employees to begin work as soon as possible. The provider assumes employer responsibilities including all government mandated compliance, Workman’s Compensation Insurance and tax withholding’s.
Other reasons to consider usage of temporary employee payroll service:
- You may identify a candidate you would like to employ for a project or a fixed.
- You may want to have a trail period before making a comprehensive offer.
- You have a component of the workforce that performs more effectively with a flexible staffing program.
With the ever growing complexities regarding health insurance, tax withholding, liability and employment law, leveraging these services for flexible workforce needs warrants a closer look, especially next time a temporary is hired or someone is asked to be paid on a 1099.
Why use King & Bishop Payroll Services?
Manage hiring costs
Reduce burden on existing staff
Comply with independent contractor regulations
Evaluate employee suitability and contribution
King & Bishop payrolled employees enjoy excellent benefits and direct deposit
Payroll Service allows our clients to identify, screen and select candidates to be paid through our payroll program. These candidates can be former employees, retired employees or other individuals our clients have identified for temporary work.
Check out the video below for more information about payrolling: