The five things to do before changing your freelance payroll solution
When selecting a new payroll solution or payroll process for your freelance talent, you need to ensure you find the right fit for your organisation that provides the support your freelancers expect.
If you are you looking for a new freelancer payroll solution, here are the initial steps we recommend you take:
- 🟩 What are your priorities? Do you want to increase your pay accuracy, offer a weekly payroll, improve the time it takes to onboard a freelancer, improve your compliance, or find a solution that can be scaled or remove the risk of a single point of failure?
- 🟩 Do you have all the information you need to make the right decision? As a priority, create a list of; your freelancer volumes by month and engagement type, map out your current process and the people involved, what is your frequency of pay / pay accuracy, how long does it take to process a timesheet, which systems are you currently using, and do you have any unique payroll processes?
- 🟩 Document your existing pain points. Are there shortcomings or challenges you currently face with your existing freelancer payroll process? What impact is this having on your business?
- 🟩 How much is your current payroll costing you? There are many hidden costs for your payroll solution. From time and people resources to software licenses, training, support, and any ongoing fees or fines for late payment.
- 🟩 Consider scalability and future needs. What impact will your organisation’s strategic plans have on your freelance payroll solution? How would your current process, or a new solution, handle an increase or decrease in freelancers, deal with changing payroll regulations, or respond to a change to personnel?
Once you have the above you are ready to start exploring a new solution and if Handle Freelance Solutions could provide the solution you need please get in touch for a exploratory conversation.
Contact
Handle Payroll Solutions Ltd T/A Handle Freelance Solutions, Ink Rooms, 25-37 Easton St, London WC1X 0DS
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