What is Payrolling?
Think of payrolling services from our staffing agency as your backstage crew for payroll management. We take on all the behind-the-scenes work, managing payroll tasks for you. It’s like giving your business a dedicated payroll team.
How does payrolling work?
Payrolling services are an outsourced solution that allows companies to offload the administrative responsibilities of payroll processing. Under this service, the employees are paid through our staffing agency, even though they work at and are managed by the client company.
The main components of payrolling services typically include:
- Payroll Processing: The staffing agency calculates gross wages, subtracts all pertinent deductions (like taxes and social security), and issues employee checks or direct deposits.
- Tax Withholding and Reporting: The agency withholds the appropriate local, state, and federal taxes from each paycheck. They also handle year-end tax forms like W-2s and regularly report to tax agencies.
- Benefits Administration: If applicable, the staffing agency may administer benefits to these employees, including health insurance, retirement plans, vacation and sick leave, etc.
- Compliance: The staffing agency ensures all payroll practices comply with the relevant labor laws and regulations. They handle overtime pay, family and medical leave, workers' compensation, unemployment insurance, etc.
- Record Keeping: The agency maintains all necessary payroll records and documentation and often provides regular reports to the client company.
- Problem Resolution: If there are any payroll issues, the staffing agency is responsible for resolving them.
By utilizing payrolling services, companies can focus more on their core business operations, reduce administrative burdens, and mitigate compliance risks associated with payroll processing. Moreover, this service can be particularly advantageous for companies employing a significant number of contingent or temporary workers or those experiencing rapid growth or fluctuations in staffing needs.
Is payrolling right for your company?
The Benefit of Burnett
As a highly reputable and award-winning staffing and recruiting firm, we offer an employment solution that provides several significant advantages to employers and job seekers through our payrolling services. Here are a few ways payrolling might benefit you:
For Employers:
- Streamlined Administrative Tasks: Payroll involves numerous administrative tasks like calculating hours, determining wages, withholding taxes, and processing payments. These tasks can be time-consuming and complex. The employer can focus on their core business operations by outsourcing these tasks to Burnett Specialists.
- Compliance: Payroll also requires staying up-to-date with the latest employment laws and tax regulations. We have experts in these fields, ensuring your company remains compliant and avoids potential penalties.
- Cost-Effective: Small to medium-sized businesses, or those with a significant number of temporary or contract workers, may find it more cost-effective to use a staffing agency rather than employing in-house payroll staff or purchasing payroll software.
- Flexibility: When staffing needs fluctuate, the employer can easily adjust the number of workers without worrying about the administrative burden associated with adding or removing employees from payroll.
- Mitigate Risks: The staffing agency assumes the legal responsibilities related to employment, reducing the employer's risk of lawsuits or claims related to payroll issues.
For Job Seekers:
- Timely and Accurate Payment: Staffing agencies have systems in place to ensure payroll is processed accurately and on time, giving job seekers peace of mind.
- Access to Benefits: Depending on the staffing agency, job seekers may gain access to benefits they wouldn't typically receive from an employer such as health insurance or retirement plans.
- Resolution of Payroll Issues: If there are any issues or discrepancies with pay, our staffing agency will handle them, alleviating the need for job seekers to negotiate directly with the employer.
- Potential for More Opportunities: If your payrolling position is a contract or temporary role, staffing agencies have access to an abundance of additional opportunities, getting you back to work faster while also reducing gaps in employment.
