Presentation on theme: "OneSource family of companies agenda How can your business manage vendors more effectively? How can your business reduce costs associated with payroll,"— Presentation transcript:
agenda How can your business manage vendors more effectively? How can your business reduce costs associated with payroll, pension and employee benefits? How can your business grow without additional overhead? How does technology make you more efficient and keep up with ever expanding laws, regulations, and more…
three decades of HR services 1990: Founding of Odyssey Group 2009: Workday Partnership for COBRA, Tax, Payroll, and Time and Attendance 2008: 400 Clients System Wide Sales $450 million, Named Top ASO/PEO by Black Book for Second Time 2007: Named Top ASO/PEO by Black Book & Consulting Business Was Added 2002: Entered into Non Co-employment ASO Market 2004: Odyssey OneSource Brand Established 2010: Acquired nSYTE COEUS 2002: Carl Kleimann, President Odyssey OneSource, Named President of NAPEO 1980: Co-Founder. Gwen O’Connell breaks into the pension industry, a year after ERISA enacted experience
VestPay, LLC - payroll and HR solutions. Vestus Insurance Group, LLC - risk management consulting and insurance brokerage. Vestus Technology Group, LLC – ONEsource Technology HUB, IT consulting and support. Vestus Pension Consulting, LLC – pension design, administration, and recordkeeping. Vestus Wealth Management, LLC – Full service firm: estate, retirement income, tax, and succession planning. Vestus Group’s family of companies
Corporate roots date back to 1980 Seasoned management team with over 80 years of combined experience Privately owned and operated Debt free Vestus Group
Vestus Group’s partnership with HR industry leader The Black Book of Outsourcing is an independent and unbiased report that evaluates leading outsourcing service providers on 18 key performance areas of operational excellence. For three consecutive years, Odyssey has ranked as the No. 1 provider in the PEO/ASO Outsourcing category. Odyssey OneSource Ranked No.1PEO/ASO Provider in the country for three consecutive years cvcvc Avitus Group Odyssey OneSource VENDORS SOI MBA Coadvantage Total Team Solutions Staff Resources, Inc. (SRI) Accord Adams Keegan Doherty Employer Services RANK 2 4 6 8 10 1 3 5 7 9 2009 TOP 10 PEO / ASO
Odyssey OneSource has consistently ranked No. 1 in 11 of the 18 key performance categories. Odyssey continuously works to improve and exceed the service provided to its clients. Odyssey OneSource also ranked among the top 10 Human Resource Outsourcing (HRO) providers for the second year in a row. Vestus Group’s partnership with HR industry leader cvcvc ING Ceridian VENDORS SOI Mercer Odyssey OneSource Towers Watson Hewitt Hay Group Fidelity ACS RANK 2 4 6 8 10 1 3 5 7 9 2009 TOP 10 HRO Odyssy OneSource ranked No.1 in these categories CRITERIA Trust Vendor overall preference/vertical industry recommendations Deployment and outsourcing implemen Integration and interfaces Customization Reliability Marginal value adds Brand image and marketing communications Viability Best of breed technology improvement Support and customer care
what is SSP? What is Seamless Service Provider (SSP)? Integration of vendors, technologies, and processes in an environment that provides one point of entry and one point of contact for all employer related needs in an a la carte platform Vestus ONEsource platform represents the single most efficient and cost- effective solution for your daily business needs.
SSP: efficiency in transactional processes with HR on-demand Improve efficiency and streamline HR processes through vendor consolidation. Flexible HR services customized to our clients business needs with additional services available as our clients grows. SaaS based HR system utilizing current technology.
Solutions provided through our SSP platform Payroll with Pension Integration Tax Filing Time and Attendance Pension Consulting & Investment Management Risk Management Insurance Services Employee Benefits Health Insurance Supplemental Insurances FSA/HFA COBRA HRIS/HRMS Custom HR Consulting Optional Online Training Network HR Help Desk Benefits Administration Online Enrollment Platform Bill Reconciliation Manage adds/changes/deletes Seamless COBRA integration Carrier Connections Included Optional Benefits Call Center Vestus ONEsource
Why an SSP? Why are more and more organizations considering this model to deliver employer related services to their organizations? One Point of Entry One Point of Contact Payroll Integration True Cost Containment Flexibility Scalability HR Vendor Management Benefits Integration Automation of routine tasks
Expertise : Run wiser… Think access to subject matter experts in the employer services field Think assurance that the decisions you make are in compliance Think knowledge Service : Run better… Think less vendors to engage Think more comprehensive knowledge of your account Think ONE point of contact Technology : Run faster… Think single entry system Think workflow, standardization, and automation Think always in compliance with new regulations and laws how is our SSP relevant today?
top reasons for outsourcing HR services and market trend: Source: Hewitt’s HR Outsourcing Trends and Insights 2009 Survey Report
Unique Competitive Advantages Vestus ONEsource = platform to manage employees from hire to retire Custom HR/Benefits solutions Certified SPHR/PHR Professionals on-staff QPA and AIF on staff for expert pension consulting Dedicated Client Service Representative (CSR)
unique service model design CSR HR Consulting Risk Management Time & Attendance SME Payroll (SME) Benefits Administration (SME) 401K (SME) CSR *Subject Matter Expert (SME)
Single database for HR, Payroll, Pension, and Time and Attendance : Easy, consolidated reporting across all of these functions : Eliminates patching reports together for a complete picture Employee and Manager Self Service : Automate workflow : Eliminate paper and manual entries Applicant Tracking Solution : Quickly source the right candidates : Identify where your best recruiting dollars are spent Benefits Administration : Online enrollment : Management of changes : Communication to carriers : List Bill Reconciliation technology HUB
Technology HUB Extremely robust and customizable architecture : Accommodating even the most complex situations : Easy to use and navigate Deployed in Software as a Service (SaaS) environment: : Web based, 24/7 access from anywhere with an internet connection : Never out of date : Upgrades provided at no charge : Compliance with new regulations assured
Integrated Payroll & Pension By integrating the Payroll and Pension we can us some of the Pension Administration fees to offset some or all of the basic cost of payroll. Basic Payroll includes: Payroll processing Tax withholding and filing Tax Filing Federal State Local W-2 Processing Self Service Employee/Employer