Taylor Staffing LLC: Staffing Services and Costing Methods

The company I chose is Taylor Staffing LLC. Taylor staffing is a company that services other businesses with their staffing needs, mainly focusing on positions in a manufacturing environment. Taylor Staffing works with several different companies to open positions and interview potential candidates to fill the positions. Taylor staffing requires the employee to be on the payroll for a certain number of hours worked before hiring them. While the employees are on Taylor staffing payroll, it is considered their employer of record, and the company is responsible for all employer responsibilities. For example, if the employee gets injured while working at the client's location, Taylor Staffing is responsible for the worker's compensation claim.If the employee loses their position through no fault, Taylor Staffing is responsible for their unemployment claim. Taylor staffing pays all employment and payroll taxes on the employee while on the company's payroll. The client company at which the employee is located can decide to convert the employee early, but they will be subject to a buyout fee based on the contract they signed. Therefore, Taylor Staffing is providing a service to its clients and is a service organization. The job order costing method would work well for this company as the cost associated with each client they provide service for vary. Taylor Staffing invoices the clients every week for hours worked for each employee at the bill rate agreed upon in the client contract.Therefore, the service is provided before the client is billed. They are billed based on the hours each employee worked that Taylor Staffing provided them while they are contracted through Taylor Staffing. The process cost method would also be helpful to Taylor Staffing as it could bill each client differently based on the amount of work it must put into each placement. Some take more time and resources than others. Such as, a general laborer in a manufacturing plant would be an easy placement as those type of candidates walks through the door daily in search of work, but a plant