The need for third-party payrolling services for a range of different workers (1099 independent contractors, returning retirees, temporary staff, and other professional talent) grew in magnitude with the passage of new laws and regulations. Under the direction of seasoned labor attorneys, PRO offers enterprise clients a unique approach for managing their contingent workforce. Possessing an in-depth understanding of both the Fair Labor and Standards Act (FLSA) and the IRS’ Categories of Evidence that are used for worker classification, PRO’s MSP team knows what is required when it comes to classifying exempt, non-exempt, and computer professionals. As a result of PRO offering industry-leading benefits to its payrolled workers, a long list of industry-leading global brands have chosen PRO to serve as their professional third-party payrolling service provider as a result of its industry-leading benefits (including CIGNA).
By engaging PRO for professional third-party payrolling services, enterprise clients are able to:
1) Manage risk when recruiting, sourcing, and managing non-employee workers
2) Ensure an efficient and easy way to manage timecards, expenses, SOW projects, etc.
3) Recruit and retain high-caliber non-employee workers
At the same time, workers welcome the opportunity to enter timecards, expenses, attendance, and more within one centralized SaaS-based solution from the Web or from their mobile devices.
With PRO’s Third-Party Payrolling Services, PRO becomes the employer of record and assumes responsibility for worker benefits and risk management. PRO manages payroll services for enterprises focused on global expansion, as well as those that are regional leaders.
Though not comprehensive, the following are some of the benefits to workers: national, group qualified medical, vision, dental, and other ancillary benefits, Section 125 pre-tax contributions, timecards and robust reporting, 401(k) with immediate enrollment, pension plans in certain countries, and more.
Clients receive co-employment protection and achieve over a 99 percent success rate in converting workers to payroll. Other benefits include electronic timecards and invoicing, customized management reports, expense reimbursement and cash advances, a 24-hour 1-800 hotline, and much more.