hr outsourcing partnership/benefits
DESCRIPTION
We provide a unbiased approach to finding cost reduction services for companies with hundreds of vendor relationships.TRANSCRIPT
Agenda
Introduction/ Why we are here Our Vision and Mission HRO Defined Benefits, Business Impact,
Process Finance and Capital Planning Strategic Consulting and
Alliances Target Markets for Growth
Our Vision
VISION: Empowering every employer to grow beyond their potential by partnering with the FIRM Consulting Group.
Our Mission
MISSION: As the employers’ partner of choice FIRM Consulting’s mission is to be a catalyst for growth. We provide synergies among employers, HR outsourcing providers and financiers that cater to the specific needs required to build sustainable profit and growth.
What is HR Outsourcing?
A HR Outsourcing vendor provides an integrated, cost-effective solution to the management, administration, and employer risks of its clients by contractually assuming substantial employer risks and responsibilities; this is also referred to as employee leasing.
As a co-employer of its client's workforce, the HR vendor performs the technical aspects of HR and allows clients to offer broader based benefits to their employees that are otherwise only available in large corporations by taking advantage of economies of scale.
Responsibilities of the Vendor
Human Resource Outsourcing Payroll Services (including tax filing) Workmen’s Compensation Filing/Claims Group Health/Life/Disability Group
Benefits Group 401k Investment Service Plans Labor Compliance and Regulatory
Updates Unemployment Claims Management Maintaining Employee Files Employee Handbooks & Safety Manuals Employee Screening/Drug Testing
Key Benefits of Outsourcing
Strategic outsourcing saves your company both time and money. This enables you to focus on core, revenue-producing activities resulting in a more efficient, effective and economical organization.
Outsourcing grants an organization access to top-level professionals in their non-core areas. This includes access to state-of-the-art technology as well as industry-defined 'best practices'.
Services previously made available to Fortune 1000 companies are now readily available to mid-size companies.
Our Process for Selection
We help facilitate and consult with the employer on what is best for them in the selection process.
Over 800 vendors nationally with different areas of expertise and focus.
385 vendors are on the FIRM Consulting platform. Due diligence process (state licensing, strong
financials, registered with NAPEO, backed by large insurance conglomerates) with periodic reviews.
Request For Proposal (RFP): 120 checkpoint system to filter down the platform to the Best of Class selection.
Blind bid sent to qualifying providers to have them compete for the prospect and “earn” the business opportunity.
Once all proposals are received, we schedule presentations for the business leadership team.
Professional Service Industry Benefits of
Service The Advisory Channel and the CPA community
are best positioned to leverage the introduction of PEO and HRO service models.
The medium size business today will rely on co-ordination of advisory services from one or both of these profession experts.
Professional Service leaders must extend their practices to be competitive and profitable.
The Team Approach with co-ordination of professions makes it feasible for the Advisor or CPA to remain in a primary leadership role.
Professional Service Industry Benefits of
Service Competition is inevitable from other channels
in an attempt to dislodge the leadership advantage of advisors; i.e. National Banks, ADP, Paychex, Commercial Lenders, National TPA’s.
The professional advisor who chooses to provide outsourcing experts will be the advisor of choice to business owners.
Collaboration among service professions requires coaching, preparation, education and significant process development.
The understanding of roles and responsibilities requires a solid communications plan to ensure client satisfaction and results.
HRO – Market Effects and Growth
Business owners spend 7%-25% of their time handling employment-related paperwork. (US Small Business Administration)
Poor hiring decisions account for 30% of all business failures. (US Small Business Administration)
Employers must comply with about 60 federal labor laws. (Peter Drucker of the Harvard Business Review)
Business Impact2007 Study by Cornell University’s
Center for Advanced Human Resource Studies
243 Small Companies sampled (professional service, manufacturing, retail, & low-skilled services)
Companies ranged from 8-600 employees with an average size of 47 employees
22% increase in sales growth & 23% increase in profit growth
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10
20
30
40
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60
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80
With APEO
WithoutA PEO
%RevenueGrowth
% ProfitGrowth
% 1yrTurnoverRate
Finance and Capital Planning
Savvy investors and business owners know that commercial real estate investing can be a tremendous wealth builder. We help unleash the power of leverage by working with a business owner to select financing programs that integrate seamlessly with their overall financial strategy.
We thoroughly assess their financial situation today as well as five, ten and twenty years down the road to guide them through their options and educate them on what type of financing is right for them and why.
Financing Options
Commercial Office and Condo Financing
Business Acquisition Loans
Working Capital/Business Lines of Credit
SBA Real Estate Loans
Receivables Financing
Equipment Financing
Strategic Consulting and Business Alliances
The FIRM Consulting Group can provide business and leadership coaching to support the strategic development and growth plans.
With HR and Benefit Outsourcing as a core need, many opportunities exist for partnering in providing advisory solutions to business.
The FIRM Consulting coaching model is a proven and awarded process in the professional services industry.
Managed success is part of developing changes in current business practices that are sustainable.
Target Markets and Client Indicators
Focus on growth (increased marginal revenue, office expansion, acquisition of an additional business).
10-500+ employees. Multiple office locations. $1 Million or more in gross annual
payroll. Employee Retention Challenges. Services available for all 50 states! FIRM Consulting marketing focus:
Financial Services Professionals and Physicians.
Contact Information
www.FIRMConsultinggrp.com CEO: John Moraites, CFP:
919.349.5900 [email protected]
COO: Ryan Dejong: 813.486.5094 [email protected]
CFO: Patrick Moraites: 813.579.7383 [email protected]