Options on ways to pay your employees

In today’s gig economy, businesses may wonder, what is the most efficient way to engage contingent workers for our organization? Before finding the right person for the job, you’ll need to create a plan for paying employees. The first step in creating a payroll plan when another person performs work for you is to correctly classify that person as an or independent contractor. There are a lot of issues surrounding worker classification and I have written entire blogs on just that topic. I offer complimentary advisory and training on IC Compliance – if you are interested please reach out to me.

Once you decide to engage the worker as an employee, the next step is to choose the type of payroll method. There are several to select from. Some of the considerations are the size of your organization and the type of industry your organization operates within. This can determine or influence the type of payroll plan you select. Most large organizations use an In-House/Pay Direct method meaning they add the employee to their payroll and are the legal employer. Smaller and medium-sized organizations may benefit from outsourcing to an Employer of Record (EOR) or Professional Employment Organization (PEO) service. This size of the company may not have the resources to manage employee matters such as employee relations issues, keeping up with compliance laws, and the myriad responsibilities of an employer.

Your industry might have specific characteristics that influence high volume or high turnover. For example, the manufacturing industry is one of the largest industries to outsource their payroll, as their workforces increase and decrease based on build schedules. With the upsurge of freelancers and contract workers, outsourcing to a service provider transfers the burden to experts that specialize in this area, especially if you are a multi-state employer.

We know that keeping up with your employees’ payroll is time-consuming and complicated. You’re the one whose neck is on the line if the taxes aren’t calculated correctly or if you miss a compliance piece, such as paid sick leave. Managing workforces takes valuable time away from running your business, as you concentrate on complying with payroll laws.

We would like to share more information about your options. Join us for “Selecting the Best Solution – How to Pay Employees for Your Organization,” a complimentary webinar on September 19th, 2019, 1:00 PM EDT, presented by Alanna Williams, ClearPath’s Vice President Strategy & Solutions, and hosted by Connie Wendt, Vice President Compliance & Relations at ClearPath.

In our upcoming webinar we’ll address some fundamental questions:

  1. What is the most efficient way to engage contingent workers for your organization?
  2. Do you need a new approach to leverage the contingent workforce?

You’ll also have the chance to ask your toughest questions about the different ways you can pay workers.

In this webinar you will learn about:

  • The 3 ways to pay a W-2 worker and which one makes sense for your organization
    • What is an Employer of Record?
    • What is a Professional Employment Organization?
    • What is the In-House/Pay Direct Option?
  • We’ll cover strategies and solutions on how to select the right solution for your company

This webinar is designed to shed light on the confusion surrounding the different ways companies can engage and pay workers in the workplace and discuss strategies and review solutions on how to save money for your company.

Selecting the Best Solution – How to Pay Employees for Your OrganizationComplimentary webinar on September 19th, 2019, 1:00 PM EDT

REGISTER HERE 

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