The calculator, at http://www.fusionalley.com , is a cost estimating tool designed to support the group’s new outsourcing program known as Employer of Record, which seeks to lower payroll and benefits expenditures.
The Employer of Record Rate Calculator is an online calculator that determines the hourly pay rate for a candidate and the corresponding bill rate to an employer for utilizing the Employer of Record service.
Employers who want to offer benefits such as health insurance and retirement planning to their contract workers, but can’t afford to add them to their payroll may find the service useful. Employer of Record will become the candidate’s legal employer, providing contract staff with, among other benefits:
- health insurance
- life insurance
- accidental death and dismemberment Insurance
- 401(k) savings plan
- disability insurance
- paid holidays and vacation
Employers can minimize the costs associated with the administration of payroll taxes, insurance, benefits, employment contracts, workers’ compensation, payroll funding, and payroll processing, by registering candidates in the Employer of Record service for processing.