Do You Need to Reduce Your Human Resource or Employee Benefit Expenses?

Transcription

1 Do You Need to Reduce Your Human Resource or Employee Benefit Expenses? Administrative Services & Human Resource Outsourcing (ASO / HRO) may be your solution

2 Who is Precision HR+? Precision HR+ is an Administrative Services and Human Resources Outsourcing practice Our professional HR staff has over 60 years of experience in human capital and employee benefit management With our sister company Precision Payroll, we collectively provide services to over 1600 companies in multiple states

3 As organizations work to develop their strategic plans for 2011, they are looking to reduce the operating costs of Human Capital Management The Reasons Are: 1) Managing HR functions internally is very complex and time consuming 2) Employers are exposed to unnecessary risks 3) Management needs to focus on revenue generation 4) Companies need to reduce overall operating expenses

4 What value does ASO/HRO provide to your organization? Access to a Team of HR Experts Helping you manage strategic and dynamic issues directly impacting your bottom line 1. Reduces HR Administrative Costs 2. Reduces Employee Benefit Administration Expenses 3. Eliminates internal redundancies and paperwork 4. Eases administrative burdens 5. Streamlines management reporting processes

5 Traditional HR Transaction Process Why use separate vendors for each?

6 The business of managing human resource functions efficiently can be very challenging Our Administrative Services Outsourcing (ASO) model is designed to consolidate the requirements associated with employing people into a streamlined and costefficient solution that will benefit your business.

7 Make your choices, and integrate The more you choose to integrate, the more efficient you become

8 One Single Invoice for all Employment Expenses All Insurance Carriers and Service Providers paid via ACH One monthly ACH draft Direct interface to your G/L

9 Small Companies Worth A Fortune By outsourcing HR a small to midsize company can offer the same breadth of technology and resources to its employees that are provided by the large Fortune 1000 firms By comparison, larger companies are able to attract and retain top industry talent by offering additional benefits, resources, and more comprehensive Human Capital services

10 Ongoing HR Services

11 PEO Model Traditional PEO Names You May Recognize ADP Totalsource Paychex Administaff

12 PEO (Professional Employer Organization) Employees leased from PEO to client Wages reported under PEO FEIN Employee benefits limited to PEO providers Fees included as a percentage of wages All-inclusive fees for HR services Duplication of payroll taxes upon termination Insurance bundled with payroll charges Annual Benefits renewal with no flexibility HRO (Human Resource Outsourcing) Employees remain employed by client Wages reported under Client FEIN Maintain current benefits providers All fees disclosed per employee Fees determined based on client need No payroll tax duplications All insurance costs broken out Open marketing of all benefit plans Compared to a PEO, an ASO / HRO model is 1. Much more flexible 2. Much more cost effective 3. Tailored to your specific business needs

13 What type of companies benefit most from ASO/HRO? Virtually every company can benefit!

14 To good to be true? What type of ROI do organizations achieve through HRO? Eliminates many existing administrative expenses Keeps total head count down or eliminates future hires Avoid potential regulatory fines and penalties Frees up time for revenue generating projects

15 Call or Us For A Free Consultation If You Are Looking For Ways To Reduce Operating Costs While Attracting And Retaining The Best Talent In Your Industry. P info@precisionhrplus.com

16 Who is Precision HR+? Precision HR+ is an Administrative Services and Human Resources Outsourcing practice 1901 S. Meyers Road, Suite 310, Oak Brook Terrace, IL P