The 6 Benefits of Payrolling

As the economy continues to adjust to the realities brought on by the pandemic, we see increases in temporary staffing. This trend follows prior post-recession recoveries where organizations successfully leverage the flexibility that this model offers. In a recent study conducted by Gartner, it is predicted that 32% of organizations will replace full-time employees with contingent workers as a cost-saving measure. In some cases, we are asked to source, evaluate, and hire that temporary resource. In other scenarios, companies hire their own temporaries and reach out to us to handle the employment and compliance – also known as “payrolling”.

Payrolling can be beneficial to companies looking to work with temporary positions. With the ever-growing complexities regarding health insurance, tax withholding, liability and employment law compliance, leveraging these services through a payroll provider for temporary positions can ease the strain on your business.

Below is a list of the benefits:

1. The company is protected from liability by using a payroll service provider for temporary hires they make on their own.
2. It saves the administrative cost, burden and risk of adding to the in-house payroll headcount.
3. It saves the administrative cost, burden and risk of adding to the in-house payroll headcount.
4. The payroll provider assumes employer responsibilities including all government mandated compliance, Workman’s Compensation, insurance and tax withholdings.
5. Payroll Service from King & Bishop allows our clients to identify, screen and select candidates to be paid through our payroll program.
6. The service allows for a trial period before making a comprehensive offer.
7. You have a component of the workforce that performs more effectively with a flexible staffing program.

To learn more, contact us at info@kingbishop.com or check out our video below for more information about payrolling: