Companies must make quick decisions to prevent tax and legal liabilities. We provide them both an immediate transition and a long-term complete solution.
Mountain View, CA (PRWEB) January 14, 2008
Albany is making its contractor management and payroll services available to companies caught in the Axium International/Ensemble Chimes Global bankruptcy filed last week.
Albany, a global contract worker management company serving clients in over 70 countries and with revenues of $250 million, is offering impacted companies and staffing vendors a short-term alternative to transition payroll services from Axium/ECG as they evaluate their long-term strategy in managing contract workers. Albany provides a firewall for companies in managing risk for contingent workers, including payroll, taxes, benefits, workers' compensation, 1099 compliance and outsourced HR, labor law and visa services.
"We've already assisted some companies in transitioning their contract management and payroll services as a result of the Axium/ECG crisis," said Jason Posel, senior vice president. "Companies must make quick decisions to prevent tax and legal liabilities. We provide them both an immediate transition and a long-term complete solution."
Albany, founded almost 20 years ago, provides contingent workforce management services that enable companies worldwide to more efficiently and cost effectively engage the talent they need, while minimizing the risks associated with contract labor. Albany acts as a traditional employer--hiring the workers as their own W2 employees, capturing time and expenses online, processing payroll, providing benefits and HR support to them. The company's global client list includes Ericsson, Metro PCS, Nokia, Shell, Swiss RE (Insurance). Given Albany's specialization in global payroll solutions, their fees are typically significantly less than traditional staffing companies. For affected companies, Albany is offering special reduced rates to help them in this transitional period.
Albany's 1099 compliance services and branded vendor-neutral software helps businesses properly manage their independent contractors, mitigating the potentially expensive risk of misclassification that may be a contributing factor in exposure and subsequent liquidation.
Albany, http://www.thealbanygroup.com/usa , is a worldwide Employer of Record and contingent workforce management company. With offices worldwide serving clients in over 70 countries, Albany offers a variety of national and international workforce solutions, including payroll and tax services, vendor management, tax and labor law compliance and visa services. Albany's Employer of Record services and 1099 compliance software enables companies to more efficiently and cost effectively engage the talent they need, while minimizing the risks associated with contract labor.
Senior Vice President
Jason.Posel (at) thealbanygroup.com
This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: http://www.HRmarketer.com) on behalf of the company listed above.
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