August 20, 2019
In this Forbes article, Workforce Logiq’s Chief Information Officer, Frank DeArmas, shares his insight into the evolution of tech jobs.…
With ever-evolving legislation and the potential for costly fines and litigation, the need for professional payrolling has never been greater. Workforce Logiq provides professional payroll services throughout the United States and many countries around the world, both as the direct employer of record and through our international network of professional payroll service providers.
Blended Pricing Ensures Lowest Possible Cost
Our blended payroll pricing model is designed to provide hiring managers with upfront discounts resulting from workers reaching their SUTA, FUTA and FICA employer tax limits. By leveraging proven processes, technology, and expertise, our Employer of Record solutions have delivered client savings of between $10,000 – $15,000 per contractor—that’s $1 million annually for over 100 payrollees.
Workforce Logiq Payrolling Benefits
Without a global contingent workforce management program, this fast-growing, $3 billion social media company with more than 8,700 employees globally was experiencing issues, including:
This customer sought improved visibility and control for spend and usage, requiring consistent and best-practice procedures. Workforce Logiq provided an integrated, vendor-neutral MSP and VMS to manage their growing utilization of contingent workers in the US. The initial scope of this program included:
Workforce Logiq’s global payroll service delivery team and international network of payroll service providers enabled the company to engage pre-identified workers in 99 countries. Because of our expansive program, this customer gained the following benefits of our payroll solution:
By freeing internal resources to focus on recruitment activities and leveraging their internal employment brand to source contingent workers, 89% of the company’s contingent workforce consisted of payrolled workers–rather than sourcing through third-party staffing suppliers. As a result, the company achieved cost reductions vs. the prior year of 26% in the U.S. and 59% internationally.
Using Workforce Logiq’s global payroll expertise resulted in a 26% cost reduction in the US and a 59% cost reduction internationally."
Our open book accounting shows you the exact cost of services including wages, taxes, insurance and profit.
And because our solution captures costs in real-time and provides consolidated billing, we can help you break down your labor spend to spot inefficiencies and realize substantial savings.
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