Type of Firm: Technology |Application Development
Location: Not Disclosed
Size: 35 Employees
Years in Business: 4
A technology company that experienced rapid growth in its first year of business decided to work with Insperity, one of the largest national PEOs in the US. During the first 3 years of the relationship, Insperity was able to provide the back-end support necessary for the group to expand their employee population by 300%.
In the 4th year of the relationship, HR realized it wasn't using many of the services that Insperity provided. Furthermore, they were going through an audit, and the auditors had a hard time understanding exactly what Insperity was costing the company.
PEO Spectrum began the process with an in-depth discussion regarding the HR services that the company absolutely needed, as well as those that were not necessary. The company's growth goals, geography, employee benefit requirements, and technology requirements were also discussed in this phase.
The next step was a financial audit of the company's bills and invoices from Insperity to identify exactly what the service costs were, and how those dollars were allocated (administrative fees, tax rates, benefits, etc.).
Based on the requirements set by the client, PEO Spectrum produced a Vendor Match Report with 3 recommended PEOs that met the client's requirements. After reviewing with the client, it was decided that PEO Spectrum would obtain quotes from 2 of the leading PEOs. In 3 days the competitive PEO quotes were received, and PEO Spectrum's PEO Comparison was complete for client review.
If you’d like to find out more about how PEOs can help you provide great benefits and payroll management at less than you are paying now, contact us today for a free consultation.
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