Frequently Asked Questions
Your go-to guide for back office inquiries
A managed workforce solution can save you time and money and allow you the flexibility to hire employees within a moment’s notice, wherever they may be.
As the official legal employer, Wage Solutions can provide a complete back office solution for your company and employees. This includes everything from required insurance and tax management to payroll processing and employee file maintenance.
Our comprehensive services ensure that all your HR and administrative needs are taken care of, allowing you to focus on your business’s growth and success.
With Wage Solutions, you can have your employees onboarded, insured, and paid within hours, freeing up your valuable time and relieving you of administrative burdens.
The rate is calculated based on several factors of your business, such as the state(s) of operation and industry. We can provide a proposed markup once we have a clear picture of your business and needs. This transparent approach ensures you only pay for the needed services, making our solutions cost-effective and tailored to your business.
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Whether you have full-time, contingent, or seasonal employees, there are always times when layoffs may occur.
Former employees are eligible to file for unemployment benefits against their last employer, and upon doing so, your company’s state unemployment fund is reduced. A reduction in funds leads to a higher rate for up to three years, costing you more taxes for the rest of your staff.
As the legal employer, laid-off employees will file against Wage Solutions’ unemployment accounts without impacting your internal payroll costs.
When your organization partners with a PEO (Professional Employer Organization), you form a co-employment relationship with the PEO.
While a PEO would still manage all the same services that an EOR (Employer of Record) would, an important difference is that you retain all liability and legal responsibility for all HR-related matters. You are also responsible for setting up state registrations under your company’s EIN.
An EOR is an all-inclusive solution in which the EOR becomes your employees’ legal employer of record. The EOR allows you to outsource services, including timekeeping, payroll, state and federal regulation compliance, workers’ compensation coverage and management, unemployment benefits, employee record management, federal and state tax filings, health insurance, and benefits administration.
As the legal employer, the EOR takes on all liability and legal responsibility for your workers, ultimately taking your back office off your plate and providing you with a sense of security.
In addition, PEOs generally have employee minimums to partner with a company. At the same time, an EOR can employ any number of employees anywhere in the country at a moment’s notice.
While a PEO may not be capable or willing to provide worker’s compensation policies to specific industries, an EOR can typically accommodate a much larger pool of insurance codes, giving you more flexibility to expand your business.
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Wage Solutions is your dedicated partner in employment solutions. Our team is ready to streamline your operations and ensure compliance every step of the way.
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