Bryon Jennings, Founder and CEO of Next Generation Payroll, a Black-owned leading provider of payroll and HR solutions for small and growing businesses, has announced the launch of its Employer of Record (EOR) service. This new offering equips the company to compete head-on with the PEO industry giants by providing a comprehensive solution for businesses seeking to streamline and reduce the costs associated with payroll, employee benefits, HR administration, and compliance.
The new EOR service is designed to streamline the complexities of payroll, statutory benefits, and tax compliance, allowing companies to entirely outsource their HR department and focus on core business operations. This development positions Next Generation Payroll as a formidable player in the PEO industry.”"We're thrilled to expand our offerings with a robust EOR service," said Jennings. "This addition empowers us to deliver the same level of expertise and support previously only available through larger, more expensive PEO providers."
An EOR acts as a legal employer for a company's workforce, assuming all associated responsibilities like worker's compensation administration, managing employee relations, professional development, recruiting & employee onboarding, benefits administration, managing payroll and tax withholdings, and ensuring compliance with labor laws. This service is crucial for businesses aiming to avoid the pitfalls of misclassifying employees, exposure to lawsuits, workplace safety incidents, poor employee performance, employee turnover, and low morale. In addition, their Employer of Record service ensures their clients remain in compliance with local labor laws, state, and federal regulations.
This payroll company for small businesses offers a range of services, including:
• Payroll administration: Streamlined payroll processing with on-time payments and accurate tax filings.
• Employee benefits administration: Access to competitive employee insurance packages that lower premiums, effectively reducing company operating costs.
• Low Cost Investment Platform: Allows employers to offer a 401k, and IRA plan to help employees invest for retirement while the company receives tax credits.
• HR consulting: Expert guidance on employee relations, compliance, and risk management.
• Recruiting and onboarding: Streamlined processes for attracting and integrating new hires.
"Our Employer of Record service is designed to fill the gap for companies that lack dedicated HR resources," adds Jennings. "By integrating advanced technology with expert HR support, we provide a seamless solution that enhances our clients' operational efficiency and compliance, allowing them to focus on their growth and business strategies."
Next Generation Payroll's expanded offerings include state-of-the-art software tools, reduced tax liability, employee benefits management, and access to experienced HR consultants. These features are aimed at minimizing costs and maximizing efficiency for businesses at every growth stage.
As a testament to its commitment to client success, this health insurance broker for small businesses continues to evolve its services to meet the dynamic needs of the business community. The addition of the EOR service is a significant step in its mission to provide unparalleled support and resources to businesses striving for excellence.
Schedule a consultation today and let Next Generation Payroll's team discuss how their Employer of Record service can streamline your HR and unlock growth for your business.
Learn more about the company by visiting its official website at NGPayroll.com
For press inquiries, contact 214-396-2200 or info@ngpayroll.com