Employee Benefits
Top 5 reasons You Should Join a Professional Employer Organization
There are many reasons why a company would join a Professional Employer Organization (PEO); here we have
Case Study on how we helped a Hedge Fund find the perfect Professional Employer Organization for their needs.
Peace of mind, freedom from non-revenue generating tasks, and significant cost savings for the financial services vertical.
We have extensive experience with industry experts and management teams from public and private companies, and each offers a unique perspective on the subsectors in which they specialize:
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Hedge Funds
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Private Equity Firms
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Venture Capital
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FinTech
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Bull in the Financial District, New York.
Hedge Fund PEO Case Study
Scenario: A Hedge Fund was using open market health insurance and conducting in-house HR service and support. Their health insurance plan renews in January. Currently, they use ADP for Payroll and another broker for Workers’ Comp, and another provider for 401-k. The Company is looking for a full-service solution that includes a single-source provider. We gave them a Professional Employer Organization that solved all of their challenges.
Type of Firm: Hedge Fund
Site/s of Operation: New York, NY
Initial # of Employees: 16
Current Payroll: $5,000,000
Current Challenges:
• Multi-Provider Management
• Increased Medical Renewal Rates
• HR Human Capital Expenditures
Solution: PEO
End Result: The Hedge Fund implemented a full-service PEO solution and reduced overall costs by $37,407.68.
For our PEO Benchmark for Financial Firms click here. If you would like to get similar results, let’s chat.