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Published June 24th, 2017
Construction projects are full of work that one contractor would never be able to do on their own, which is why you hire subcontractors to complete the job. Payroll administration, especially in the construction industry, is another job that requires skill and efficiency, so why would you keep that work in-house if you don't already have someone who knows what they are doing?
Why Construction Company Payroll Administration Is Complicated
Standard payroll administration procedures are difficult to apply for a construction company. Besides your full-time and part-time office staff, there are the tens (or hundreds) of subcontractors you need to hire for every project you work on. Those subcontractors could be working on different projects in different cities and states at different pay rates in the course of a month.
Then you have the reporting requirements for your payroll that is specific to the construction industry. Whether it's the certified payroll reporting and the forms that go along with prevailing-wage jobs, union reporting, or job costing reports, you need an expert who knows how to run them quickly and efficiently.
What Subbing Payroll Administration Out Can Do For Your Company
First, it reduces the amount you need to spend on office staff. Subbing out your payroll administration frees up funds in the payroll for more or better-qualified subcontractors to complete your projects.
Second, it makes sure your reporting is timely and accurate. A reputation for getting these things done on time and correctly can only help your reputation when it comes time to negotiate that next contract.
Third, it lets you focus on doing what you went into this business to do in the first place - find projects and complete them!
If you are looking into subbing out your payroll administration, we recommend you start your search with Trigon Staff . They have expert staff that works specifically with construction companies, so you can trust that they know what they are doing!
And if you have any more questions about anything for us, don't hesitate to contact us here !
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