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What Are the Top 5 Reasons Companies Use Employers of Record?
Posted on December 30th, 2016 with No comments
Companies that want to stay competitive outsource their HR and payroll functions to an employer of record (EOR). Learn five reasons why, then partner with IES as your EOR.
Utilize Current Technology
At IES, we provide top-notch HR and payroll professionals with access to the latest technology for all your HR and payroll needs. This is especially important as payroll processing becomes more complex due to changes in laws and regulations. Your back-office functions are accurately completed in a timely manner in accordance with all legal requirements.
IES complies with all federal, state, and local laws, including the Fair Labor Standards Act (FLSA), Immigration (I-9 and E-Verify), Equal Employment Opportunity Commission (EEOC), IRS regulations and COBRA. We also withhold, report and pay the appropriate taxes and insurances, including worker’s compensation and unemployment insurance, and handle bank reconciliation for payroll. In addition, IES offers contingent workers and contract employees ACA-compliant health insurance.
Save Time & Money
When handling outsourced HR and payroll functions, IES takes care of background checks, drug screens, onboarding, tracking timecards, administering benefits and more. We ensure your employees are paid the right amount of money on time, including through direct deposit, so they stay productive. Since you pay only for services needed, rather than taking on expenses related to hiring HR and payroll staff and providing office space, you save money that can be invested in other areas of your business.
IES is liable for legal issues involved with outsourcing HR and payroll services. Because HR and payroll laws and regulations change often, we stay on top of those changes to maintain nearly perfect accuracy when completing your back-office tasks. You avoid hefty IRS fees and penalties and expensive lawsuits when you trust us with your HR and payroll needs.
Focus on Core Business
Handling HR tasks and processing payroll take up much time that could be better spent on revenue-producing activities. Since you have to have these processes taken care of daily, trust them to the experts at IES.
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