Expert global payrolling/EOR solutions
Workspend is a trusted payroll partner and EOR for your contingent workforce. Our transparent, fit-for-purpose solution adapts and scales with your business. Compliantly and efficiently engage and pay individual non-employee contract workers and freelancers to avoid supplier mark-ups and broaden your talent pool.
What are the benefits of outsourcing your payroll ?
Save time
Outsourcing payroll tasks can save a significant amount of time for your HR and accounting teams, enabling them to focus on more strategic tasks.
Cost-effective
No need to invest in expensive payroll software or hire additional staff. Additionally, you can save money in the long run by avoiding costly fines and penalties resulting from errors.
Cut compliance risk
We have expert knowledge of payroll laws and regulations globally, ensuring that all payroll tasks are completed accurately and in compliance with the law.
Reduced errors
Minimize the chance of discrepancies which can have negative consequences for employee satisfaction and compliance.
Improved Security
Outsourcing payroll tasks to a reputable company, such as Workspend, helps to ensure that sensitive employee data is kept secure, reducing the risk of data breaches and other security threats.
Scalability
As you scale, the complexity of your payroll processes increase. Outsourcing payroll lets you scale payroll operations as needed, without having to invest in additional resources or technology.
64% of global organizations outsource or co-source payroll to some degree.
We’re here to help
Managing a globally dispersed workforce can be challenging, and when not done right, it can become a serious business-continuity risk.
We specialize in managing payroll for your contingent workforce, offering a modular technology ecosystem that integrates with your existing business infrastructure to deliver reliable payroll services each pay cycle.
We have expert knowledge in payroll-related matters, handling the details, calculating salaries, taxes, benefits, tracking hours or timesheets, making sure everything is done correctly and on time, letting you focus on your company’s success.
64% of global organizations outsource or co-source payroll to some degree.
53% of companies faced penalties related to payroll non-compliance in the last five years.
Designed to meet your unique requirements
While every solution is tailored to your current needs, the key building blocks of our service include:
- Scoping your payroll requirements and designing a best-fit service delivery solution
- Helping to establish base-line performance data to measure how well you’re improving
- Marketing your brand to attract the talent you need
- Managing compliance, risk, and governance
- Exposing and reporting any inconsistencies and abuse
- Preventing overpaying for talent by reporting on current market rates
- Operating a platform that automates and optimizes processes
Pay contractors and freelancers efficiently and compliantly
- Design, implement and manage of a process for hiring, onboarding and off-boarding pre-identified candidates globally
- Avoid staffing supplier mark-ups and the hassle of controlling them through a transparent solution with explicit fees
- Minimize risk of worker misclassification and co-employment, pay workers/provide benefits in compliance with federal and local labor laws
Increase efficiency and streamline processes
Because not all contingent workers are sourced and paid through staffing suppliers, our payrolling/EOR solution enables you to:
- Achieve savings by avoiding staffing supplier mark-ups
- Minimize worker misclassification and co-employment risks
- Pay workers compliantly and reliably almost anywhere in the world
- Engage contingent workers who prefer not to work through staffing firms
- Enhance visibility into contract workforce engagements and cost
Engage and Administer Contract Workers
- Manage process and approvals from requisition to offer letter
- Perform desired background checks
- Onboard and coordinate assignment details
- Set up worker in payrolling and ensure they’re able to submit timesheets on schedule
- Manage end of assignment and off-board the worker
- Monitor payrolled worker satisfaction through surveys, in-person interviews, and focus groups
32% of businesses are considering artificial intelligence adoption to enhance payroll processes over the next 2-3 years.
Compliance and Program Management
- Act as employer of record for contract worker and ensure labor law compliance and income tax reporting
- Manage compliance checks (e.g., eVerification) and legal documentation (e.g., proprietary information, etc.) preceding every engagement
- Manage VMS information flows for requisitions, offers, workorders and integration with Workspend HR management system
- Adjust payroll for assignment changes or changes in rates, extensions, terminations
- Track key performance metrics, including response time, time to contact, and onboarding metrics, as part of our continuous improvement cycle.
32% of businesses are considering artificial intelligence adoption to enhance payroll processes over the next 2-3 years.
