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Managing Your Contingent Workforce
Managed W-2 Service
Case Studies
Telecom
Business Challenge
A large Fortune 1000 telecommunications firm has been experiencing positive growth with the introduction of several new services to their customers. In order to accommodate this sudden growth, they have been hiring several individuals on a contract basis to perform project related work. In many instances, the company is able to source these individuals using their own internal resources.
Synergy Solution
Synergy’s Managed W-2 service was the ideal offer to meet this telecom company's needs to accommodate their rapid growth in the most cost effective manner. Once the contract workers were identified for their project, Synergy became the Employer of Record for these individuals and managed the enrollment, payroll processing, claims and benefits on behalf of the company. Because Synergy specializes in the area of payroll and benefits administration, they were able to meet the company's needs at a fraction of the cost of alternative payroll solutions.
What the Customer Says
"In order to address specific project needs, we have enlisted the support of contract workers. Previously we were paying a significant premium to payroll these individuals. With Synergy's contractor payroll services we receive extraordinary customer service at 30% less than what we were paying previously."
- Human Resources Manager
Biotech
Business Challenge
A worldwide leader in developing innovative solutions for life sciences research, the company's human resource managers needed a solution to meet the needs of business growth fluctuations. The company continued to utilize staffing services for certain job functions, but were looking for a cost effective alternative for those contractors they could source on their own.
Synergy Solution
Synergy's Managed W-2 service offered a strong complement to existing staffing services and helped the company achieve significant savings on overall staffing costs. Synergy showed tremendous flexibility with the biotech concern by customizing processes for their needs. In fact, Synergy helped the company realize over $320,000 in savings annually in staffing costs.
What the Customer Says
"We initially selected Synergy based on their exceptional references and competitive rates. Our experience with Synergy has exceeded expectations to date and we would highly recommend them to any company with contractor payrolling needs."
- Human Resources Manager
Technology
Business Challenge
A large Fortune 1000 software firm which is a leading provider of software is in constant need of contractors to perform project work for software development. Because they source many of these individuals on their own, they are able to have a dramatic impact on the bottom line. The company is taking a leadership role to avoid the risks of misclassification of these workers by enlisting Synergy Services for Managed W-2 services.
Synergy Solution
Synergy provided Managed W-2 services for the company as the employer of record for software contractors due to the superior customer service and flexibility. Now the company has a cost effective solution for hiring managers who utilize contractors they are able to source on their own. Collectively, the company stands to save hundreds of thousands of dollars annually by using Synergy Services. In addition, the company has access to Synergy's comprehensive online compliance service to determine which of Synergy's Contingent Workforce Solutions best fits the needs of their contract workers.
What the Customer Says
"On Friday, I received my first pay check direct deposited from Synergy! With no problems or delays... it was so wonderful! Thanks to each of you for working on getting us switched over to Synergy. Although it has been a short time, they have already been so much better than our previous provider was during the whole 7 months we were with them."
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