Payrolling is an outsourcing solution used to reduce the cost and simplify the process of payroll administration. Allowing Beacon to become the employer of record for regular or contingent employees diminishes human resource-related overhead costs, time, and complexities. Companies can focus on their core competencies while managing and motivating the team effectively.
Payrolling the contingent workforce offers significant bottom line benefits to companies:
- Decreases the weekly payroll processing workload
- Minimizes time and effort spent learning and complying with federal and state taxes, insurance, and other requirements for payrolling employees nationwide
- Simplifies expense reimbursement for contingent employees
- Lowers workers' compensation insurance and benefits costs due to Beacon’s purchasing power
- Reduces the unexpected hidden costs associated with hiring and termination
By bringing Beacon in as the employer of record, companies are able to significantly reduce the time, cost, and confusion associated with these HR functions. Beacon operates as your back-office, simplifying administrative duties through a number of HR-related services, including:
- Management of employee benefits, including health, vacation, holiday and sick leave.
- Processing of unemployment and worker's compensation claims
- Wage & hour compliance
- Response to employment and wage verification
- Employee notification of policy and procedural changes
