Independent Staffing Professionals: How Do You Choose the Right Payroll Provider?

Blog_article_#2_picIndependent staffing professionals outsource their back office payroll services because of the cost, time, resources and liability associated with running employer of record services. They realize that their time is better spent focusing on revenue generating activities such as sales and sourcing while a reputable back office partner handles all the funding, insurance and admin of contract staffing. Unfortunately, too many independent staffing professionals do not realize the vast differences between back office providers.

The right payroll partner can be the difference between success and failure. Asking the below three questions will help you choose the right back office payroll partner to ensure the success of your staffing business.

1. Do they guarantee the best profit per hour rate in the industry?

You’ve worked hard selling your staffing services to companies and just as hard sourcing the right candidates for the positions. So why would you settle for less profit per hour when given a choice between reputable back office partners? Most reputable payroll providers who have been in business for 15 plus years are more than equipped to handle your back office functions so why would you opt to earn less per hour with nothing in return? Let’s face it, in this new economy, you must make every dollar count, therefore demand your back office provider guarantee the highest profit rate for every hour on every temp you run and get it in writing.

Also, make sure that your provider is able to customize a contract staffing package. It should be flexible enough to keep pace as your business grows. Most payroll providers only offer a one-size-fits-all package that is likely to cost you more money in the long run.

2. Do they offer a FREE suite of professional recruiting tools, training & services?

Most established back office services offer the standard services so not much sets them a part. Wrong! Gone are the days of offering just payroll services. A cutting-edge back office provider will deliver a complimentary suite of feature-rich tools, services and training designed to propel your bottom line. If you’re not getting complimentary value added services, then you need to continue your search for the right provider.

The right back office partner will go beyond traditional back office services by delivering additional front and back office services you will need as your business grows. Strategic branding, marketing literature, search tools, ongoing training, national conferences, discounts on top name services and job placement are just some of the extras that a full-service back office partner can offer.

3. Are they exclusive to independent staffing professionals?

As an independent staffing professional, it is critical that you work with a payroll provider who caters exclusively to the staffing industry and your confidential client needs. Why? Only a payroll partner exclusive to the staffing industry will be strategically designed to implement all the unique aspects of a staffing business. Wouldn’t you prefer a partner who can accommodate your unique professional needs and operate in synchronicity with your business? Working with a general payroll partner who will work with anyone including your clients would be agreeing to the idea that one size fits all.

Another important consideration that business owners tend to overlook is conflict of interest. Larger payroll providers work directly with clients, which means that they are also in competition with you.

In Conclusion

Contract payroll service is a growing industry that offers many options for staffing businesses. Due to the competitive nature of this developing field, you are likely to find some significant differences in the types of services and pricing currently available.

By understanding your own payroll service requirements as a staffing business owner and thoroughly investigating what several providers offer, you save yourself time, money and disappointment in the future. Opt for a payroll partner that delivers the highest profit per hour. Choose a partner who offers additional tools, services and training at no cost. Insist on a partner who has designed their back office services exclusively around your staffing business.

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3 Biggest Mistakes Recruiters Make When Selecting A Payroll Provider

blog_pic_1  Most independent recruiters and staffing firms make the understandable decision to outsource their back office payroll services to a reputable provider. This eliminates the cost, risk and time associated with running your own payroll services. We all know that outsourcing back office tasks allows you to devote more of your time and energy to revenue generating activities that creates more income for your business. Make sure to shop around as you will discover that not all comprehensive contract staffing services are created equal.

The right payroll partner can make the difference between success and failure for your business. Protect your enterprise by paying particular attention to the following three important guidelines.

1. Make sure your payroll provider is giving you the highest profit per hour.

It sounds obvious but, unfortunately, many recruiters do not take enough time to do the research. Thoroughly investigating each option to pinpoint the provider who delivers the best profit per hour rate is critical. Anything less ends up costing you plenty of money over time. Look for a reputable provider who offers a free estimate and provides a best rate guarantee. Why pay more for the same service from anybody else?

Also, make sure that your providers are able to customize a contract staffing package. It should be flexible enough to keep pace as your business grows. Most payroll providers only offer a one-size-fits-all package that is likely to cost you money in the long run.

2. Your payroll provider should be exclusive to independent staffing professionals.

As an independent recruiter, it is critical that you work with a payroll provider who is on the same page. That means a firm that works exclusively with staffing firms like yours. Only such a provider can understand the unique aspects of your business profile. The firm can set up services to accommodate your unique professional needs and operate in synchronicity with your enterprise. Would you choose a Kia mechanic to service your Ferrari? Of course not!

Another important consideration that business owners tend to overlook is conflict of interest. Larger payroll providers work directly with clients, which means that they are also in competition with you. Keep in mind that bigger service companies are not always better.

3. Get a FREE suite of professional-grade recruiting tools, training & services.

Contract staffing services have evolved. Gone are the days of offering only payroll services. A cutting-edge back office provider will deliver a complimentary suite of feature-rich tools, services and training designed to propel your bottom line. If you’re not getting great complimentary tools, then it might be time to start shopping for a new provider.

Make sure that the firm you select for payroll processing also specializes in handling all of the other back office tasks you might need as your business grows. Strategic branding, marketing literature, search tools, ongoing training, national conferences, discounts on top name services and job placement are just some of the extras that a full-service back office outsource firm can offer.

Final thoughts

Even though you only need payroll assistance at present, don’t make the mistake of limiting your outsourcing options in the future. Once you have established a good working relationship with your provider, you may decide to turn over more of your daily office tasks to free up your time.

Contract payroll service is a growing industry that offers many options for businesses. Due to the competitive nature of this developing field, you are likely to find some significant differences in the types of services and pricing currently available.

By understanding your own payroll service requirements as a business owner and thoroughly investigating what several providers offer, you save yourself time, money and worry in the future. Opt for a payroll provider that delivers the highest profit per hour. Choose the provider that best understands and meets your specific payroll funding and processing requirements. Insist on additional tools and services at no cost.

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