payrolling noun | pey-rohl-ing
a : the management and payment of non-employee workers that the client company identifies without the assistance of an agency intermediary (i.e. a staffing or consulting firm), a talent acquisition strategy also referred to as direct or self-sourcing
b : outsourcing the administrative and risk burdens associated with the engagement of non-employees to a specialized third party agency often referred to as a payrolling firm or third party payroll provider.
How does your company pay independents and freelancers?
If your company is like most (including a lot of the Fortune 500!) then this is probably a difficult question to answer. But it doesn't have to be. Consolidating payroll services is step #1 to optimizing this oft-forgotten spend category. Compliance Solutions can show you how to do it. Contact us for a no-obligation Payrolling Savings & Risk Assessment today!
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 staffing firms charge higher markups and they lack the expertise and systems to properly and efficiently onboard and manage independents. They also realize that managing multiple vendors made it nearly impossible to manage payrolling spend effectively 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!).