BayPoint Benefits Featured in ‘Best Practices in Compensation and Benefits’
FOR IMMEDIATE RELEASE
SAN FRANCISCO, CA – January 28, 2011 – Managing a Benefits Consulting Firm in San Francisco has afforded Brian Hassan and Justin Roberts many opportunities to assist companies in re-evaluating their relationship with their PEO (Professional Employer Organization).
Essentially a PEO is an employee leasing arrangement where a company’s employee become (on paper) the employees of the PEO and therefore have the ability to access the PEOs suite of benefits.
PEOs claim that they offer “Fortune 500” benefits packages and also can help cut costs dramatically. However in recent times many PEOs have billed for high HR administration costs, have limited insurance carriers, and have remapped their plans to less benefit rich options while still presenting 20% or more in increases.
In this article, Brian Hassan and Justin Roberts – two of the Managing Directors at BayPoint Benefits – discuss the hidden costs of PEOs as well as making it a point to be educated on how to understand the advantages and disadvantages of this employment arrangement.
Making the decision about whether or not to stay with a PEO may seem intimidating. It’s all about education, say Hassan and Roberts. “Companies need to decide from a business standpoint, looking at hard dollar and soft dollar costs, what is the best fit for their organization,” Roberts says. “We can talk about all these great things about savings and benchmarking strategies and plan design, but I think readers should be concerned with what their true costs are, and how those are impacting their business. When we educate people on how to truly evaluate a PEO, whether or not they decide to stay or move onto a standalone solution, at least they are afforded the opportunity to know exactly where they stand and exactly which services they’re paying for.
To read the full article, please visit:
BLR.com: Is a PEO Still Serving Your Needs
About BLR.com / Best Practices in Compensation & Benefits
BLR® is a leading compliance information company. They help organizations comply with federal and state legal rules and requirements related to employment (DOL), safety, (OSHA) and compensation issues. Employers know that they can count on BLR’s industry-leading compliance and training solutions to keep them out of legal trouble, avoid fines, and save money.
About BayPoint Benefits
BayPoint Benefits provides innovative benefit and human resource solutions customized for each of their clients. They specialize in structuring, implementing, and administering turnkey benefit and HR programs for companies in the US and abroad and are headquartered in San Francisco, California.
Media Contact: Melinda Engelman at Melinda.engelman@baypointbenefits.com
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For further information, please visit the BayPoint Benefits website at www.baypointbenefits.com. This site offers valuable HR resources, education and event seminars, and news pertinent to human resources professionals.
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