Advantages of a Professional Employer Organization (PEO)
A Professional Employer Organization (PEO) is a dedicated human resource (HR) management and benefits administration service that you select to partner with your company. A PEO delivers a broad range of human resource services that you select from their menu of services. A standard PEO contract usually stipulates that you will retain the day-to-day control of how you manage your employees and the PEO will manage your HR and benefits administration, including:
- Expert advice from your trusted HR Business Partner. This partner is trained and experienced in the ins and outs of HR administration and is dedicated to helping you effectively manage your employees. They will help you make the best HR decisions for your organization.
- Help scaling up or down with a minimal impact to your company as business ebbs and flows.
- Help navigating the world of employment risk from a leading HR authority.
- Optimized benefits and employee services and help securing the best packages for you and your employees.
- Shared responsibility for the threat and impact of changes to HR regulatory laws and other requirements.
- Help avoiding common benefits administration and HR management pitfalls. PEOs help you solve little problems before they become big ones!
by Andrew in Employee Benefits, HR Compliance | 0 comments
New Jersey Amusement Park Reduces Employee Benefits & Payroll Costs Over 35%
An amusement park was experiencing payroll challenges due to a seasonal influx of summer workers. During the summer months of June 15th through September 15th, the amusement park hires 300 additional part-time, seasonal workers, most of which are teenagers. This poses an administrative human resource nightmare for the amusement park which is not equipped to manage the payroll complexities involved with managing weekly checks to the seasonal workers. On average, the company lost twenty checks per week to the teenagers. The park decided to investigate the idea of outsourcing their human resource administration to Creative Risk Associates, which is uniquely positioned to provide services to this type of entity. Right away, CRA was able to simplify the weekly check payouts by implementing a payroll debit card system that funds weekly for the company. This saved the company 35% on payroll processing and overnight charges. In addition, twelve hours of management time has been saved by the new system. This is a great benefit to the teenagers, who now have immediate access to their funds even though they don’t have bank accounts. The employer is thrilled with the human resource support they never had before. The employees now enjoy flexible options for submitting and reporting their payroll, 24/7/365. Management is now able to easily access secure payroll information, such as pay history, year-to-date earnings, vacation information, benefit deductions and more. All the essential payroll services are covered and they are able to save 35% on their employee benefit package. CRA was able to eliminate the employer’s high deductibles charged through their previous Horizon Blue Cross rates while providing them with a fixed 4-tier rate system that they can budget for annually, while keeping their employees satisfied.
by Andrew in Employee Benefits, Payroll Costs | 0 comments
HVAC Contractor Reduces Premiums Over 25% – Improves HR Compliance
When a New Jersey heating, ventilation and cooling (HVAC) contractor company realized they needed a cost effective human resource service, they launched a search effort. They knew they wanted a bundled HR, payroll and employee benefits solution and wanted to explore the option of a professional employer organizational model.
The HVAC contractor knew it would be challenging to find the right PEO provider because they have a small staff of only seventeen employees. And they were right; the first proposal they received from a national PEO company met their HR and payroll needs, but fell short in the employee benefit offerings.
Then they learned about Creative Risk Associates unique program with Trion Solutions. Trion specializes in small and medium sized employers and has over twelve years of specialized expertise. This expertise, and ability to provide services to smaller enterprises, translated into a successful proposal that included all of the services the New Jersey HVAC company was looking for. In addition, they were impressed with the PEO’s ability to tailor their services, offer full payroll and HR services and offer Fortune 500 buying power.
Now the New Jersey contractor is saving up to 25-30% in premiums and able to focus additional hours on their core HVAC services because they are no longer struggling to keep up with HR regulatory issues and a labor-intensive payroll and bookkeeping workload. The employees are happy with their benefit packages, leading to increased morale and employee retention.
The small New Jersey company is excited to use leading-edge tools and technology, which simplifies their recordkeeping and employee file management. Their HR administrative costs are reduced; they were able to maintain or reduce their cost for employee benefits. The CEO is relieved to know they are meeting or exceeding personnel regulatory compliance and couldn’t be happier with their business benefit solution through Trion Solutions and Creative Risk Associates.
by Andrew in HR Compliance, Premium Reduction | 0 comments
Welcome to Our Benefits and Compliance Blog
If your small business is tired of business as usual when it comes to your benefits program, it's time to contact Create Risk Associates. We provide businesses with innovative solutions for their benefits and compliance challenges. We represent Trion solutions, a leading PEO, human resources company with over twelve years of experience. Trion’s expertise allows the opportunity to offer effective, scalable programs tailored to suit company’s needs at any stage of growth. Trion offers full payroll and HR services, keeping companies regulatory compliant, and providing Fortune 500 health care buying power, to small and medium sized employers. Companies typically save 25-30% in premiums, and free up valuable hours, leaving more time to focus on their core business efforts. Click here to get in touch with us.
by Andrew in Employee Benefits, HR Compliance, Payroll Costs | 0 comments