payrolling noun | pey-rohl-ing
a : non-employee workers engaged and paid as W2 contractors
b : outsourcing the administrative and payroll burden of engaging W2 contractors to a specialized third party agency often referred to as a payrolling firm, third party payroll provider, or employer of record.
Are you using staffing agencies to pay your non-employee, non-agency contractors?
If so, you are not alone. Most Compliance Solutions clients have engaged us for the sole purpose of consolidating the payrolling services across their freelancer, W2 and 1099 contractor population. Our clients came to the realization that some staffing firms charge higher markups and lack the expertise and systems to properly and efficiently onboard and manage independents. Clients also realize that tracking multiple providers of the same service makes it nearly impossible to effectively manage payrolling spend across their organization. Our Payrolling Savings & Risk Assessment demonstrates just how costly using staffing agencies can be relative to a dedicated payroll provider (like Compliance Solutions and our Payroll Partner, PGC!).