Cost savings up to 40% compared to traditional temp staffing
Contractor payrolling is when a company outsources the employment and payroll of pre-identified or self-sourced temporary or contract labor.
Payrolling situations are becoming more common for employers who locate contract candidates without the assistance of a recruiter. In a traditional payrolling situation, employers have located the candidate, but do NOT want to add him/her to their own payroll. Employers need a back-office provider to become the employer for the contract employee, thus eliminating a variety of paperwork issues, benefit problems, liability, exposure, etc. Independent contract employees (1099s) are often converted to W-2 payrolled employees.