Issue
When a healthcare organization quickly grew from 20 to over 180 employees, they faced administrative challenges, high costs, and outdated technology with their Professional Employer Organization (PEO). Paying roughly $500,000 annually in administrative fees, the client was unsatisfied with the PEO’s service and analytical insights, prompting a search for a new HR and benefits management solution.
Solution
- With solutions in human capital management, flexible benefits, and retirement and investment solutions, CBIZ created a comprehensive proposal offering significant savings compared to the client’s PEO bundle.
- To compensate for the loss of administrative support, CBIZ HR Solutions, a comprehensive online HR compliance portal, empowered HR employees to handle work in-house and effectively support their employees.
- CBIZ’s human capital management platform, Centrally HR, eliminated manual procedures, offered employees self-service tools, and saved the client time and money on administrative processes.
- The client’s 401(k) and flexible benefits were seamlessly integrated, while enrollment processes and payroll deductions became automated.
- Unbundling 401(k) and state unemployment insurance allowed the client to take on a lower SUI model, creating ongoing annual savings of over $10,000.
Outcome
- The client saved over 70% in the first year and created a lasting reduction in human capital management costs.
- Updating their outdated HR platform helped streamline HR and benefits processes, ultimately providing a better employee experience.
- Investing in their team’s education helped the client develop a successful HR team who could provide more personalized support for their employees.
| Company Information | |
|---|---|
| Industry | Healthcare |
| Geographic Footprint | National |
| Number of Employees | 180+ |
| Annual Revenue | $15 Million |
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