ENIntelligent Payrolling to Help You Scale – with Flexibility and Security
Workforce Logiq provides professional payroll services throughout the United States and around the world, both as the direct employer of record (EOR) and through our international network of professional payroll service partners.
In today’s hyper-uncertain talent market, you need the flexibility to flex up and down, quickly and cost-effectively. And, ever-evolving legislation, including new rules and regs for contingent and work-at-home resources, means we can help you avoid costly fines and litigation. As the EOR, we take on compliance risk while you focus on what you do best – growing your business.
Lowest Possible Cost – Risk-Free
Our Payroll pricing model is designed to immediately generate client savings. By leveraging reduced markups, proven processes, technology, and expertise, our Employer of Record solutions have delivered savings benefits of between $10,000 – $15,000 per contractor—that’s $1 million annually for over 100 payrollees.
And, as the EOR, Workforce Logiq handles all employment responsibilities (and issues!), including: offer management, security screening, on-boarding, time entry, payroll processing and tax withholding, benefits administration, HR compliance, employee relations, consolidated invoicing, performance management… and more.
Workforce Logiq Payrolling Benefits
- Proprietary and secure technology platform and integrated back-office procedures significantly reduce administrative burden and free up your valuable resources.
- Reduces risk exposure to your organization (co-employment liabilities, worker misclassification, tax and other labor law compliance).
- Provides cost savings advantages when integrated with a third-party staffing supplier strategy.
- Provides flexibility to scale up – or down, around the globe with minimal impact to your HR and hiring manager resources.
- Seamlessly integrated with our direct sourcing IQ Talent Network, leveraging talent within your own network.
- Reduces cycle time-to-hire for known resources through our automated and mobile-optimized online enrollment and proprietary employment screening.
And check out our purpose-built payroll and time capture solution for Microsoft 365 for Finance and Operations from LOKI Systems, a Workforce Logiq company.
Case Study
A GLOBAL PAYROLL SOLUTION FOR ENGAGING WORKERS AROUND THE WORLD
The Issue
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:
- Managers sourcing resources without vetting processes or contracts with suppliers in place, exposing the customer to employment and financial risks
- Existing recruiters were often unfamiliar with local legislative requirements and tax laws governing workers in other countries
- Lack of visibility into usage and lack of control over potential risks
Our Approach
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:
- Full life cycle management of all temporary workers sourced through third-party staffing suppliers
- Employer of record payroll solutions for self-identified contingent workers
- Independent contractor evaluation and validation services to protect the company from the risks associated with worker misclassification
The Results
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:
- Single point-of-contact
- Improved economics
- Decreased risk
- Greater transparency into all aspects of the contingent workforce
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."
Total Transparency
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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