July 8, 2020
Workforce Logiq’s exclusive Workforce Management Benchmark Report offers a predictive, quarterly snapshot of talent volatility across major industries, job functions,…
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
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.
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.