How stable is being in third party payroll?
I got an offer from a company for being a third party payroll. I don't know how stable is it and what are the pros and cons?
RealisticFencing
Third party payroll job is good or bad
I have recently got a job offer from a small third party company where I will be working for big tech companies. It seems like a great learning opportunity for me, and the money they are offering is also decent. But I am concerned about job security and growth because I want to climb up the corporate ladder. Can any experienced person tell me the pros and cons of third party payroll job?
2mo ago
FrivolousSunbonnet
Mavenir2mo
Hi, working for a third-party payroll company may not have too many advantages. Firstly, your salary may be less as compared to the larger companies. Secondly, there is not much job security. The third-party firm may wind up suddenly, leaving the employees stranded. There may not be proper policies or benefits in place at a third-party payroll company, which is usually the case with large organisations, such as health insurance. However, in case you are looking for a break, try the offer at a third-party company. At least you get to work with top tech companies and that adds to your work experience.
Riyality
Stealth2mo
hmm can u tell the client company?
PhysicalScorpion
Stealth2mo
The pros and cons totally depends on the company that have offered you.
Let's say the organization is an MNC who is yet to setup their base in India nut they want to start until their documentation are completed, hence third party.
On the other hand, some companies will just test if the waters are calm or if the person is right to explore... this is negative by the way
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