The HR Outsourcing Proposal: Benefits of Working with CBR Revealed
While reviewing PayingCashforHouses.com’s background for the HR Outsourcing proposal, the professionals at CBR recognized that PayingCashforHouses.com may have been overcharged on its payroll taxes.
CBR conducted a labor burden analysis to show PayingCashforHouses.com what the company was paying in taxes through its former HR Outsourcing firm. The analysis was a breakout of all expenses including wages, workers’ compensation insurance premiums, taxes and administrative fees. It was through this analysis that CBR was able to determine that PayingCashforHouses.com was being overcharged by as much as $55,000 per year on its payroll taxes. The company’s former HR Outsourcing company had overlooked a major responsibility and the company’s bottom line was suffering for it, unbeknownst to them.
Once PayingCashforHouses.com became aware of this discrepancy and reviewed CBR’s proposal, the owners recognized that CBR was the HR Outsourcing company that would best meet their needs. CBR provided an ethical and professional service that put everything on the table, which was exactly what PayingCashforHouses.com was looking for in an HR partner. CBR provided a line-by-line explanation of expenses, offering PayingCashforHouses.com a level of full disclosure they hadn’t enjoyed in the past. PayingCashforHouses.com made the decision to work with CBR and signed on as a client in March 2007.
CBR was initially contracted to handle payroll services for PayingCashforHouses.com only. CBR’s responsibilities included bi-weekly payroll, payroll taxes and workers’ compensation. PayingCashforHouses.com immediately saw the value in working with CBR and began to look at other services that it offered.
CBR next reviewed PayingCashforHouses.com’s employee benefits program. CBR found that a variety of oversights were being made with benefits administration, costing PayingCashforHouses.com thousands of dollars in unnecessary premiums. Once again, CBR was able to provide upgraded benefits to PayingCashforHouses.com while decreasing the burden to the company’s bottom line.
HR Outsourcing Relationship Resulted in a Tremendous Impact on the Business
These two fundamental changes to payroll and employee benefits saved PayingCashforHouses.com approximately $65,000 by working with CBR. In addition to the monetary savings, PayingCashforHouses.com also benefited from the attentive and professional manner with which their CBR representative handled their account.
“I am so happy to be working with a company that prides itself on being honest and forthcoming,” says Alan Robinson, one of the owners of PayingCashforHouses.com. “The professionals at CBR have not only saved us money, but have shown me excellent customer service every step of the way.”
As CBR continued to produce superior professional results, PayingCashforHouses.com began to look to them for additional HR services. Over the next few months, CBR began providing the following services to PayingCashforHouses.com:
- Vacation/paid time off tracking
- Health insurance packaging and enrollment
- Life insurance and long-term disability offerings and enrollment
- Employee handbook updating
- Time and attendance tracking system
PayingCashforHouses.com fully embraced the variety of HR services that CBR was able to offer them. The company quickly transitioned from a payroll services client to a client that took advantage and enjoyed the benefits of CBR’s full spectrum of outsourced HR offerings.
Today, PayingCashforHouses.com continues to utilize CBR for all of its professional human resource needs. It has embraced all of what an HR Outsourcing company can do for its business and has made CBR a partner in the human resource arena.
Successful HR Outsourcing Partnership Leads to Big Savings
In total, CBR saved PayingCashforHouses.com approximately $120,000, including monies saved from payroll taxes and benefits payments. These savings, combined with the invaluable client service that CBR provides, has created a successful partnership that benefits both parties.
While HR Outsourcing may not be the right option for every company, those that do outsource HR can increase savings and satisfaction by taking advantage of the extensive expertise that providers of HR Outsourcing services, like CBR, have to offer. A partnership with a reliable and ethical HR Outsourcing company can save businesses time and money, while improving employee satisfaction and decreasing problems resulting from HR-related matters. A true marriage of a company and its contracted HR Outsourcing provider can result in a seamless function that benefits the business and its employees.