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How Will
H R Ledger™
Benefit You?
Save Time and Money
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Save as much as 80% by
outsourcing over in-house processing (a recent study by
Price Waterhouse Coopers revealed that there are hidden
long term costs to in-sourcing payroll leading to an average
cost of $16 per check versus $3 per check for outsourcing)
-
Reduce capital investment
in technology
-
Improve accuracy,
timeliness, and efficiency (ie taxes)
-
Access expertise not
normally available
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Package pricing eliminates
surprises on invoices
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Recover capital through
our payroll and benefits audits
Improve
Your Compliance and Reduce Your Liability
- Keep up with regulatory changes, their
interpretation and application to your business (a recent
study by the
Society of Human Resource Managers identifies payroll
and benefits administration as among the most highly
regulated processes and one of the top three criteria to be
used in assessing outsourcing strategies)
- H R Ledger is the only payroll and
benefits administrator that includes compliance auditing
- H R Ledger audits the policies and
practices of our clients as they relate to state and federal
regulations (80% of our clients have been out of compliance
in at least one area)
- Assure timely enrollment in benefits – no
more late enrollee liability
- H R Ledger helps clients mitigate
non-compliance penalties and potential litigation –
especially important in today’s “Sue Your Boss” and
“Whistleblower” laws (SB796 and SB777)
Improve
Your HR Strategy
- Using significant outsourcing
opportunities helps HR executives maximize their strategic
value to their companies (the vast majority of
HR research companies agree that HR executives must
improve their strategic position and perception with
corporate decision makers to advance their value)
- H R Ledger frees time for the payroll and
benefits managers to concentrate on tasks of greater
strategic value
- H R Ledger improves the communication
between HR, payroll, accounting, and benefits administration
- The savings generated by outsourcing to H
R Ledger allows the HR executive to reallocate resources to
areas of greater strategic value to the company
- H R Ledger’s benefits administration has
been shown to improve a company’s posture and leverage with
benefit renewals (carriers appreciate the accurate and
timely eligibility and payment history)
Improved Quality and
Service
- Outsourcing improves the quality and
responsiveness for the services they replace (Surveys
by the Outsourcing Institute indicate that improved
quality and service are key features employers look for when
seeking to outsource business processes like payroll and
benefits administration)
- We improve the timeliness and accuracy of
the services we replace
- Our in-house HR Consultant is available
for your routine HR questions
- We retain the highest quality payroll and
benefits specialists to professionally serve you
- We provide a trusted and vested advocate
as your “middleman”
- Our data security exceeds our regulatory
liability
- We have all the licensing, insurance, and
documents as required by law
- Our services are backed by a full
money-back guarantee
Additional Reading:
Understanding In-sourcing and Outsourcing
- This is from Hewitt and addresses the confusion in terminology
of in-sourcing/outsourcing, BPO, HRO, etc
Value of Data Integration
- This Hewitt study explores the value of data integration in
Human Resources management.
Hackett - Benchmark Study
- This Hackett study demonstrates the value of best practices in
management and outsourcing.
HR Costs 2004 Study -
This Hewitt study helps detail the true cost of Human Resources
management
Functions of an H R Department
- This H R Ledger document summarizes the overall
functions of a Human Resources Department. The intention is to
show the importance of outsourcing payroll and benefits
administration allowing focus on disciplines of greater
strategic value to employers.
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