We’re on a mission to demystify staffing services and add more transparency to what goes on behind the scenes! One staffing service we get questions about is called “payrolling”. In this article, we explain what it is and why companies might opt for payrolling as a staffing solution.
What is Payrolling?
Companies who use payrolling services add their pre-selected candidates to short-term and/or highly specialized projects while passing the traditional time and costs associated with employment administration onto the payrolling agency.
What Are the Benefits?
One benefit of payrolling is that the bill rates are lower than contract/temporary employment services because the time and overhead costs associated with recruiting do not apply.
As the employer of record, Advent Talent takes on the time commitment and costs associated with employment administration, including:
- Weekly timesheet collection and payroll
- I-9, W-2 and W-4 compliance and management
- Background and drug screening (as needed)
- Health insurance and other benefits
- Medicare, Social Security, FUTA, SUTA, Workers’ Comp, and all local payroll taxes
- General liability insurances
Who Uses Advent’s Payrolling Services?
A few examples of some of our customers who opt for payrolling services are:
A small start-up consulting firm without the set-up and bandwidth for payroll administration uses Advent payrolling services as needed to pay consultants.
A large, health insurance client uses Advent payrolling services to meet their annual diversity spend and/or diversity supplier requirements (Advent is a certified WBE and diversity supplier).
A mid-sized, thermal technology client uses Advent payrolling services to add highly specialized talent to their intermittent projects and to re-instate one of their retirees for consulting as needed.
A large, laser design firm uses Advent payrolling services when they require highly skilled mechanical engineers to travel for on-site set-up and training of new customers on their products and technology.
Still have questions? We’re here to answer them! Call us at (952) 920-9119 or complete this short form for more info