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What is Employer of Record Payrolling?

US and International payrolling is a common but often misunderstood service. Businesses are often unaware that they need or, in fact, are using this service. EOR payrolling is a service provided by third party companies. These companies become the employer of record. They handle the employment life cycles of workers, including onboarding, payroll processing, and offboarding, while they are on assignment with another company. While payroll processing or “payrolling,” an EOR pays payroll taxes, withholds federal and state taxes, administers benefits and maintains compliance. A company benefits from outsourcing these services by saving the time and money expended on these services. Who Can Be Payrolled? Payrollees are temporary workers on assignment with a company for a set period of time. These workers can be seasonal, contract or project-based. They fill a temporary need and the assignment ends once that obligation is fulfilled. Benefits of Payrolling… [Read More]

The Differences Between an Employer of Record and a PEO

Studies show that workers that work from home display greater satisfaction and lower stress levels than workers commuting to the company’s offices. Remote employees enjoy the flexibility that remote work offers and often choose to live in different cities or states than their employer. As technology and culture evolve, there is less need for employees to be in-house as business needs can be met digitally. Though hiring remote employees comes with numerous benefits to both the employee and the employer, hiring workers that do not live where your business is located can present legal complications. When you hire workers who live in other states, you must fulfill each state’s legal requirements, and unfortunately, most employers do not have the resources or expertise to handle this. These companies can choose to partner with either a professional employer organization (PEO) or employer of record (EOR) to navigate… [Read More]

Difference Between an Employer of Record & Staffing Agency

It is not uncommon to hear employer of record services equated with staffing services. Although the two are mutually beneficial, an employer of record is a separate entity from a staffing agency, each with distinct functions and responsibilities. Roles A collaborative relationship exists between an employer of record and its client, which can be a business or a staffing agency. While an employee works for the client, the employer of record assumes the role of the legal employer for tax purposes. The employer of record handles all administrative functions, such as payroll processing, federal & state tax withholding and filing, record-keeping, and all HR support functions. The EOR also conducts pre-employment screening such as background checks and drug testing, in addition to human resources functions such as administering benefits, termination of employees, and all other worker issues. On the other hand, a staffing agency recruits… [Read More]

Why Compliance Matters in 2017

With a new era of quickly changing regulations and market trends, compliance is now the top challenge and focus for employers in 2017. The year began with a change in administration, bringing along an overhaul of employment law.  In addition, the increase in utilization of contingent labor has continued. Contingent and contract workers, freelancers and independent contractors are flooding the labor market in more numbers than ever before, a trend known as the “gig economy.” With this trend, the risks of non-compliance grow. The federal government is now eager to enact more stringent policies to ensure compliance with tax and regulatory standards. In particular, the United States Department of Labor is more focused on misclassification of workers and has heightened reactions to these cases. Businesses today cannot afford to overlook the importance of maintaining compliance in managing their contingent workforce. It is easy for an… [Read More]

3 Steps to Reaching Your Career Resolutions in 2017

The start of a new year is an ideal time to begin pursuing those career resolutions you made in 2016. Whether you’re revitalizing a job search or ready for a career change, there are proactive steps you can take to help you reach your goals this year. Revamp/update your resume. Your first order of business should be giving your resume a face-lift. With constantly changing hiring trends, you must take the time to make sure yours stands out. In today’s resume world, less is often more. Include links to your portfolio, blog or website which would make an employer sit up and take notice. Build Your Professional Network. You are your brand. Make your presence known in the industry you seek and maintain the connections you have already made. Online, professional portfolios such as LinkedIn help showcase who you are and what you can do…. [Read More]

How to Recruit The Right Talent and Avoid Hiring Catastrophes

Recruiting the right talent is essential to the success of a business, while bad hiring decisions are exceedingly expensive in terms of both time and money. Additionally, high employee turnover lowers morale and creates discouragement within a company. These hiring disasters could have been avoided and the lost resources could have been invested in the right candidate. To that end, companies like Google have adopted the “law of three” for interviewing candidates. This recruiting technique and ones like it are designed to avoid costly hiring mistakes. The “law of three” encompasses the following rules: (1) Always interview a minimum of three candidates. Managers are tempted to end their search early when a suitable candidate is found. Discipline yourself to continue interviewing. The more people you interview, the greater the pool you can select from and the greater your chances of finding the right person. (2)… [Read More]

The Rise of the Gig Economy

With the rise of what is now known as the “gig economy,” the job market is changing. The gig economy is an environment in which short-term, temporary work is preferred to traditional employment. This contingent workforce is utilized for single projects or tasks, employee absences, or field expertise. These workers are highly skilled, knowledgeable in their field, and ready to perform in a demanding environment. The benefits of this type of labor have been recognized by both employers and workers alike. The Gig Economy Offers Flexibility For the worker, the gig economy offers flexibility and diversity not found in the traditional job market. Many short-term engagements, such as consulting “gigs,” do not have a firm work schedule. Workers have newfound flexibility in completing these projects or tasks. This type of work also introduces the ability to diversify. A worker is no longer chained to one… [Read More]

5 Simple Steps to Writing an Effective Job Description

A job description is an essential tool to attract quality talent. By carefully tailoring the fundamental elements of a job description, you can effectively target the candidate pool you are seeking. Job Title In creating a job description, your first step is to give the position a job title. Although a job title may only be a few words, it plays a crucial role in the purpose of a job description. The job title is the gateway to the talent pool you seek. An effective job title should: reflect the nature and duties of the job indicate skill level in relation to other jobs within the company be consistent with industry standards and other similar jobs so that it can be accessed by online job seekers An example of a good job title is “Senior Nurse Recruiter.” A candidate understands that this is a position… [Read More]

How to identifying your companies successor?

We work with a lot of start-ups here at NexusCW and one advice we would like to give is that when you’re planning the future of your company you need to ensure that you have the right leadership in place and a plan for succession. It is a rare company where top management doesn’t eventually need to retire or move on. Do you have something in place to prepare for this? How do you identify the top performers who will become great long-term leaders in your company? Is it possible to hire them at the ground level? 4 Ideas for Ensuring Long-Term Organizational Success Evaluate the current performance. The first step is to see who is performing at what level. Does anyone routinely go above and beyond the expectations of their job? Is anyone particularly good at training others even if training isn’t their job’s… [Read More]

Hiring Challenges for your Office

As we approach the last quarter of 2014 it is good to evaluate where you are in your hiring plan and see what challenges you may face for the remainder of the year. Each region has specific needs and challenges so it is important to understand them in context. Here are several things to consider for the rest of 2014 and moving into the new year. Mobile Recruiting. Almost everyone today uses a smart phone or tablet device regularly. In fact, the number is over 91%. Many of these smart device users access the internet strictly through their mobile phones. 7 out of 10 job seekers are using their phones to search for jobs. Be sure to evaluate your mobile recruiting strategy to target these potential employees. Work with your web designer to ensure that your information is easy to access on a phone or… [Read More]

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