Choosing the right payroll structure is absolutely crucial for payroll providers that want to bring in new business and ensure financial security. Many clients want transparency when choosing these services, or they will look elsewhere.
There are two primary payroll structures for providers to choose from: flat fee and mark-up. The flat fee structure is a recent creation developed to quickly accommodate changing employment conditions and/or client requirements, provide competitive pricing and ensure quality service levels. This payroll model offers a number of benefits to businesses, allowing them to increase productivity and perform more services in less time. With this approach, providers can focus solely on delivering the highest possible value quickly.