How much time do you spend dealing with payroll? A survey in 2014 stated that 1 in 10 small businesses spend 10 hours per month on payroll and taxes alone. Do you have 10 hours to spend per month on these vital services? What if you have staff who work in different countries? How do you handle payroll and taxes for a foreign country? Today’s blog from Akorbi discusses why payrolling for workforce solutions is a huge service for companies.
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Focus on Your Core Business
You have a business to run, and you want to expand it. Payroll is an important administrative part of your business. However, you don’t want to spend all your time working on it. Payroll from AKorbi’s workforce solutions frees up more time for you to work on growing your business rather than the minutiae of figuring payroll and tax withholding every week or two weeks.
Save Money on Hiring an HR Person
Perhaps you’re a small enough business that you don’t have an HR department, or you don’t have one yet because you’re expanding. Rather than hire an HR person to handle payroll, your company can get payroll help in a hurry by hiring a firm that excels in those types of administrative tasks. When you hire an entire firm to handle payroll, it’s like hiring an entire HR department for less than it would cost to bring someone in-house. You can allocate those extra funds to reinvest in your company.
Overcome Regulatory Hurdles
Do you have remote teams, freelancers, consultants, or workers in other countries? Akorbi’s workforce solutions for payroll lets you overcome regulatory hurdles associated with the classification of workers. By selecting a payroll firm as the “employer of record,” that firm assumes responsibility for withholding, reconciling, transmitting, and record-keeping of all payroll-related functions. Payroll companies also handle workers’ compensation and unemployment issues as they arise.
Improve Staffing Flexibility
A payroll company might also handle the hiring of qualified applicants for various positions. This solution is ideal for growing companies looking to expand their headcount without making full-time additions to staff. Akorbi’s staffing solutions for payroll include bringing on temporary employees, interns, project-based staff, freelancers, part-time employees, indirect workers, and IT staff. Payrolling firms often offer a recruitment service in addition to handling the details of payroll.
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Akorbi’s Staffing Solutions & Payroll
Akorbi provides staffing solutions, including multilingual staffing, for companies of any size. Are you looking to expand your workforce? Do you need to save time and money on handling payroll? Contact Akorbi or call 1-877-4-AKORBI for more information on our staffing solutions, including payrolling.