Benefits of outsourcing your payroll and Work Comp through Prepared Risk Solution:
- Benefit from commissions. Because we do not use a sales staff we are able to revert those commissions back to your school.
- Complete awareness of payroll distributions
- Take the strain off of yourself
- Combining your payroll and workers compensation insurance you able to save in premium as well as only pay for what you use.
- No more annual Workers Compensation Audits
- We handle:
· Direct deposits
· Accurate federal, state and local tax payments
· Wage garnishments
· Vacation/sick tracking
· All Pay types and codes
· Employee deductions
· Employee paperwork
· Detailed payroll reports
· Software integration
The High Cost of Employees
The average annual cost of regulation, paperwork and tax compliance for companies with fewer than 500 employees is about $5,000 per employee. For companies with more than 500 employees, the cost is about $3,400 an employee.
Source: Small Business Administration.