The Payroll Service Plan
Introduction
CCSI , INC. offers a special Payroll Service Plan for your company. The plan provides for a flexible and effective method of handling personnel when permanent assignments are not available. The Payroll Service Plan can be used to hire temporary contractors (any individual assigned to the plan is called a “Payrollee”, previous employees, relatives, students, consultants, or retirees at a lower cost without the risk of co employment litigation.
Purpose Of The Payroll service Plan
The Payroll Service Plan provides an economical risk free method of utilizing personnel with known capabilities, who for one reason of another will not be hired as permanent staff at this time.
How The Plan Functions
1. Your company's management (Management) establishes a need for personnel in a specific field of work on a temporary basis.
2. Management contacts the potential Payrollee. The payrollees may be:
- Consultants
- 1099 Employees
- Former employees who were laid off
- Retirees
- Individuals recommended by your company's employees
- Specialists well known in the industry
- Individuals recommended by someone outside your company
- College students
3. Management contacts the individual and explains the work effort, pay, hours of work, duration of assignment, and any other pertinent information
4. Upon acceptance of a payrollee, management forwards a requisition to CCSI, Inc. Requisitions must contain:
- Payrollee name
- Payrollee address and phone number
- Approved Straight Time Direct Labor Rate
- Job Classification/Title
- Start Date
5. Upon
CCSI, INC. receipt of a requisition,
CCSI, INC. initiates an employee sign up package, the package contains:
- Comprehensive information on insurance benefits (health, dental, life)
- Pre Employment Qualification Form
- Employment Agreement (clearly stating CCSI INC as the employer)
- W4 Form
- Timecards
- 1 9 Employment Eligibility Verification Form
- OSHA Right to Know" Information
- Copyright/Patent Agreement
6. Sexual Harassment Policy
7. Upon completion of an employee sign up package the individual is now an employee of CCSI, INC and covered under the Payroll Service Plan, a payrollee assigned to your company and serving under your direct supervision.
8. The payrollee is responsible for maintaining a weekly timecard to be reviewed and approved by a supervisor and then promptly delivered to CCSI, INC.
9. The payrollees paycheck comes directly from CCSI, INC.
CCSI, INC. assumes responsibility for all payroll records' mandated payroll taxes, worker's compensation, unemployment and associated administrative costs as well as maintaining responsibility for all other employment obligations.
10. The payrollee will be paid hourly at the agreed upon rate and will be paid overtime in accordance with Federal and state laws.
11. 1f the payrollee is unable to perform to his/her job specification, he/she can be immediately terminated upon request to
CCSI, INC.
Advantages of The Payroll service Plan
-
Elimination of unemployment costs
- Elimination of costs for employee benefits
- Allows for rapidly hiring indefinite term employees
- Allows for rapidly hiring part time employees
- Allows for your company to control project based costs
- Allows for simplified termination
- Allows for payment of HOURS ACTUALLY WORKED
- Reduction of overhead costs
Advantages Of The Payroll Service Plan TO The Payrollee
1. Maximum discretionary income
2. Insurance Benefits (health, dental and life)
3. An Indefinite assignment which matches the desire and capability of the employee.
4. Minimal paperwork
5. Weekly paychecks
6. Preparation of annual W 2 statements
Benefits Of The Payroll service Plan To Your Company
The Payroll Service Plan allows your company more flexibility in hiring and eliminates co employment liabilities. The most important benefit is the reduction of unemployment costs, worker's compensation claims, administration, and termination expenses.
Additionally, companies using consultants working under your supervision run the risk of being audited by the Internal Revenue Service. If the IRS reclassifies consultants as employees, your company could be held liable for all unpaid benefits.
CCSI, INC. does not permit the use of consultants or 1099's. All federal and state employment laws are complied with.
The Payroll Service Plan can greatly benefit your company during peak loads or crunching project schedules. Considering the present day inflationary trends it is necessary for your company to utilize every possible cost saving method. Employment costs represent a sizable portion of the costs of your company's operation.
CCSI, INC.’s Payroll Service Plan will offer a reduction in the over all costs of your temporary staffing program.
Summary
The Payroll Service Plan is a cost effective and simple process for handling unique employment situations, particularly when the terms of employment are difficult to identify.
Call us today for pricing information.
|
