Risk Mitigation

Mitigate Risk with Payroll & Benefits Administration

Managing the payroll & benefits of your contingent and permanent employees should be seamless and practical for your human resources and procurement departments. With nextSource's Risk Mitigation Services, your non-agency represented contingent workers are added to the nextSource payroll, thus minimizing co-employment risks and eliminating paperwork associated with benefits, payroll and related tax issues. Eligible workers may include: Independent Contractors (IC), retirees, or summer interns.

Advantages:

• Minimize your exposure to IRS and co-employment issues, while maintaining flexible workforce capabilities
• Reduce overhead with payroll taxes (FICA, FUTA, SUI), unemployment, disability and workers' compensation and employee claims -- all handled by nextSource
• All workers are covered under nextSource's comprehensive general liability and workers' compensation insurance policies
• Eliminate on-boarding and off-boarding administrative costs
• nextSource provides bi-weekly payroll processing for all employees and offers an option for direct deposit by electronic payroll
• nextSource offers its employees participation in our 401(K) Investment and Savings Plan
• Health and Disability insurance are provided by nextSource through a variety of regional and national insurance plans and HMOs