Sparks Group offers Payroll Services, allowing businesses to scale their workforce as needed without adding to headcount or administrative expenses.
What are Payroll Services?
With Payroll Services, a company can expand their talent base – or bring furloughed / laid-off employees back to work – without taking on the financial and administrative burden of increased full-time headcount. Sparks Group is responsible for all payroll and administrative functions, including hours and recordkeeping, tax withholding, unemployment insurance, and all other payroll-related functions.
Why Choose Payroll Services?
Using Sparks Group for Payroll Services allows a company to remain flexible, especially in the face of uncertainty: should the employees in question be brought on to regular full-time employment in the future, they can be transferred at no additional cost. On the other hand, if a future workforce reduction is required, the responsibility for layoffs and unemployment benefits lies with Sparks Group.
Payroll Services are also fully customizable: the client can dictate the terms of the engagement, including pay, PTO, benefits, length of engagement, and more.
Sparks Group provides Payroll Services to businesses of all sizes and across all industries, including Fortune 500 companies, small businesses, and nonprofits.
Benefits of Payroll Services.
- Cost Control. Alleviate costs and legal risks associated with employment while accessing necessary talent
- Utilize Furloughed/Laid off Staff. Employees that were let go due to business declines have the skills and experience needed to do the job at hand. Don’t let those skills go to waste when business returns
- Risk Mitigation. Alleviate the legal risk of Co-Employment or future reductions in force
- Staff for Projects and Contracts. Utilize experts such as former employees, consultants or specialists for low-risk, short-term engagements
- On-the-Job Evaluation. Identify and evaluate new employees on the job prior to a formal offer of employment
- Comply with Corporate Hiring Mandates. Downsize full-time headcounts, comply with corporate hiring freeze policies, or manage an internal contingent workforce
Related Reading: How to Stay Flexible and Agile While Bringing Furloughed Employees Back to Work
How do Payroll Services Work?
Payroll services differ from temporary staffing services in a few critical ways.
1. First, the client company identifies the candidate rather than requesting candidates from the Sparks Group talent pipeline, as is standard with other services
2. When candidate information is forwarded to Sparks, a virtual registration takes place, with on-boarding and orientation tailored to match client specifications
3. Once that is complete, Sparks Group becomes the employer of record for the individual. While they complete the work assigned to them by the client company, Sparks Group is responsible for employee wages, statutory taxes, unemployment / workers compensation, as well as all reporting and recordkeeping requirements for the duration of the engagement
4.Should the need arise, the client company can transition the individual back to regular full-time status at any point with no additional fees required. On the other hand, if the person’s employment is no longer required, the responsibility for termination lies with Sparks Group
Interested in how our payroll services can help your business? Complete the form to schedule a free consultation and get started today.