What is Burden?

In relation to pay, burden is the mandatory employer-paid payroll taxes and benefits based on the wage or salary of employees. In the US, burden will include workers’ compensation, unemployment insurance (SUTA), employer’s share of FICA (Social Security and Medicare) and state or local taxes, for each temporary employee on assignment. In staffing, Pay Rate plus Burden equal Direct Cost, i.e., a business expenses that directly applies to the provision of a temporary worker.

Make Payroll: Financial Solutions for Staffing Agencies

Make Payroll: Financial Solutions for Staffing Agencies

The key component to running a successful staffing company is managing financial performance — making a profit and having sufficient cash flow. Professionals need to…
Top 5 Questions to Ask when Choosing a Payroll Funding Company

Top 5 Questions to Ask when Choosing a Payroll Funding Company

Choosing the right Payroll Funding company can be one of the most important decisions for your Staffing Agency. No matter the type or size of…
Top 10 Reasons Why Staffing Companies Use Payroll Funding

Top 10 Reasons Why Staffing Companies Use Payroll Funding

As a staffing company, your core business is to source workforce talent, your next priority is to reliably make payroll on behalf of your clients…

OTHER TERMS BEGINNING WITH "B"