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What Is Outsourcing?
Outsourcing is a strategy by which an organization contracts out major functions to specialized and efficient service providers, who ultimately become valued business partners. And in some cases, outsourcing involves the transfer of employees from the company to the outsourcing company. Why Do Companies Outsource? Some of the most common reasons include:
How much does payroll service cost? Payroll fees are based on payroll frequency (such as weekly or bi-weekly and your number of active employees each pay period. Our total fees each year average 30% less than our competitors. See for yourself with a free personalized payroll quote. How long does setup take? Our convenient payroll enrollment takes about 10 to 15 minutes to complete. Once you've returned all the necessary paperwork, we can process payroll within five business days. For certain emergency situations, we offer one-day Express Enrollment — please contact us at 916.989.7776 to see if you qualify. Do I need to wait until the end of a quarter or the beginning of the year to start? No, you can start with payroll at any time with Premier Personnel. When are monies deducted from my account? All funds for current payroll must be wired to Premier Personnel’s bank account, two days prior to the check date. Do you have direct deposit? Yes, direct deposit is a nominal fee. When do hours need to be reported by? You need to have hours emailed or faxed by Tuesday by 9:00 am. What is workers comp? Workers’ compensation insurance is coverage to protect yourself as an employer from the financial risk of one of your employee’s being injured on the job. This insurance covers not only the employee’s medical bills but often times, lost wages and legal expenses associated with the specific case. What type of losses does workers’ comp cover? Injuries or loss of limbs, repetitive motion injuries, work site accidents, medical treatment, rehabilitation needed so workers can return to work, lost wages (up to two-thirds of the employee’s salary), death, and liability insurance for the company for lawsuits filed by injured employees. Who is required to have workers’ comp? All employers (except those in Texas) are required by law to have workers’ comp for their employees. How much does workers’ comp cost? It depends—your workers’ comp premium is unique to your business and depends on many different factors. These include your industry, amount you pay your employees, number of employees, where your employees work, and what they do every day. What are my options for paying for workers’ comp? Premier Personnel offers Pay-as-you-go. This kind of plan lets you pay on your actual payroll info—no guesswork needed! What are the penalties for not having workers’ comp? There are severe consequences for businesses that don’t have workers’ comp insurance. These consequences include (but are not limited to) heavy fines, exposure to lawsuits, and forced closure of your business. |