PAYROLL,WORKERS COMPENSATION
Vensure | June 23, 2022
Milwaukee-based PEO and HR Outsourcing Firm EmPower HR today announced it is now a division of Vensure Employer Services, a Phoenix-based business that provides PEO solutions and human resource outsourcing to small and mid-market businesses across the country. Through its subsidiaries, including VensureHR, the company processes more than $20.1 billion in payroll and supports more than 576k+ worksite employees. Terms of the deal were not disclosed.
In conjunction with the partnership, EmPower HR anticipates expansion of its platform to provide a greater array of human capital services to its clients, which include small-to-mid market businesses primarily in the Midwest and beyond. EmPower HR, LLC will operate as a division of Vensure. President Scott Carter will remain in his role, along with the entirety of the existing leadership team.
Founded in 2004, with services including payroll, medical and voluntary benefits, workers' compensation, risk management and HR administration, Vensure companies support a broad spectrum of industries, allowing small business owners to cost-effectively manage HR functions and turn their attention to growth and profitability initiatives.
"Vensure shares the same values that we do. We conducted an extensive search for an opportunity like this. They've exceeded our hopes for a firm we can partner with and continue the tradition we have for excellent service, deep expertise, and an environment our clients and partners want to be a part of, Joining forces with Vensure will give us significant resources to embark upon our next phase of growth at EmPower HR, We will continue to serve as loyal partners to our clients navigating market volatility, and this investment from Vensure will enhance our ability to serve an even wider array of small-to-mid market businesses looking to access human capital services."
-said Scott Carter, President of EmPower HR.
EmPower HR's Carter says the partnership will help the company pursue a range of growth opportunities while staying focused on the vital work of supporting small-to-mid market businesses who are dealing with an ever-changing workforce.
"Joining forces with Vensure will give us significant resources to embark upon our next phase of growth at EmPower HR," said Carter. "We will continue to serve as loyal partners to our clients navigating market volatility, and this investment from Vensure will enhance our ability to serve an even wider array of small-to-mid market businesses looking to access human capital services."
About EmPower HR – Founded in 1995, Milwaukee-based EmPower HR provides comprehensive outsourced HR solutions for small to mid-market businesses throughout the United States. Their services are customizable and include HR Consulting, HR Administration and Payroll, Risk Management and Compliance, Employee Benefits Administration, and Foundational Recruiting. Driven to deliver what matters through authentic connections and relentless accountability, EmPower HR serves clients ranging in size from 5 to 500 employees in all industries.
About Vensure - Vensure Employer Services was founded in 2004 and provides PEO solutions and human resource outsourcing to small and mid-market businesses across the country. Through its subsidiaries, including VensureHR, the company processes more than $20.1 billion in payroll and supports more than 576K+ worksite employees. Their services include payroll, medical and voluntary benefits, workers' compensation, risk management and HR administration.
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HR STRATEGY
Eliassen Group | December 24, 2021
Eliassen Group, LLC, a strategic consulting and talent solutions firm, has acquired Fidato Partners, LLC, an accounting & finance, risk management & transformation, and IT consulting company headquartered in the greater Philadelphia area.
Eliassen Group is a leading professional services firm focused on strategic consulting and talent services in multiple areas, including Agile consulting, cloud services, risk management, and business optimization, as well as life sciences consulting and IT talent solutions. Founded in 1989 and headquartered in Reading, Massachusetts, Eliassen Group is positioned for continued long-term success with a commitment to positively impacting the lives of their employees, clients, consultants, and the communities in which they operate.
This acquisition of Fidato will bring expanded solutions that complement Eliassen Group's business consulting capabilities – notably their risk management and business optimization offerings, while also bolstering their professional services practice. Furthermore, their clients will benefit from the deep knowledge of the Fidato Partners team, which has expertise in technical accounting and reporting, systems selection, implementation and support, financial planning and analysis, finance transformation, risk and controls, and project management.
Founded in 2010, Fidato Partners provides proven and trusted business consulting and recruiting services in risk management & transformation, accounting & finance, and information technology, enabling companies to achieve greater growth and performance by filling critical resource and knowledge gaps. Serving a variety of industries, Fidato Partners takes pride in raising the standard for professional services through a full commitment to their clients' success.
"A strategic partnership with Eliassen Group provides the entire Fidato Partners team with an unequalled opportunity for growth, With a wide range of comprehensive capabilities and a vast geographical presence, Eliassen has solidified their place in the consulting and talent solutions business, and we're thrilled to have this opportunity to introduce these capabilities to our clients."
-Fidato Partners CEO and Co-Founder John Rapchinski.
"Fidato Partners are fully dedicated to their clients' success, which fits perfectly into the values we live by at Eliassen, Their thriving accounting & finance and risk management & transformation service offerings enable Eliassen to better empower our clients to protect and sustain their success," adds Scott Cordeiro, Executive Vice President of Professional Services. "We are excited about adding their strengths to our own to achieve exponential growth while continuing to serve our communities."
-Dave MacKeen, CEO of Eliassen Group.
About Fidato Partners
Fidato Partners provides proven and trusted business consulting and recruiting services in accounting & finance, risk & transformation, and information technology, enabling companies to achieve greater growth and performance by filling critical resource and knowledge gaps. Our unique business model, which includes a full range of consulting, interim staffing, and recruiting services, allows us to seamlessly place the right resource for every situation to ensure the highest level of quality and service is delivered every time to our clients.
About Eliassen Group
Eliassen Group provides strategic consulting and talent solutions to drive our clients' innovation and business results. Our purpose is to positively impact the lives of our employees, clients, consultants, and the communities in which we operate. Leveraging over 30 years of success, our expertise in talent solutions, life sciences consulting, Agile consulting, cloud services, risk management, business optimization, and managed services enables us to partner with our clients to execute their business strategy and scale effectively. Headquartered in Reading, Massachusetts, and with offices from coast to coast, Eliassen Group offers local community presence and deep networks, as well as national reach.
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TALENT MANAGEMENT
UKG | May 21, 2022
UKG, a leading provider of HR, payroll, and workforce management solutions for all people, announced today that M Group Services, one of the largest essential infrastructure services organizations in the U.K. and Ireland, has selected UKG Dimensions to support its rapid growth and provide a more transparent and empowering employee experience.
M Group Services employs more than 10,000 skilled specialists and provides services within the water, energy, transport, and telecommunications sectors. With 240 locations, 19 operating businesses, and continued growth by acquisition, the organization sought a flexible workforce management solution to support its complex and highly remote workforce as well as improve productivity and operational efficiency.
“We have a mix of salaried and hourly employees, including meter readers, utility workers, field systems technicians, and engineers — many who work offsite each day. There’s also a lot of complexity in our business and how we pay people based on the type of work they do, For years, we’ve relied on spreadsheets to capture the hours our employees work, which has proved to be a cumbersome and inaccurate operation. Dimensions will automate those processes to ensure we’re getting the data right and paying our people correctly. Dimensions will empower our people to be in control of their time by allowing them to record their hours directly in the system, In turn, that will give us much-needed, real-time visibility into labor hours so we can charge clients correctly and ensure every employee paycheck is accurate.”
-Colin Jellicoe, group human resources director at M Group Services.
A key driver for the organization’s selection of Dimensions is the ability to integrate with the company’s payroll solution, which M Group Services estimates will save more than $1 million in administrative costs.
Jellicoe added that the Dimensions mobile app will deliver a more transparent and engaging experience for all employees, which is critically important to the organization.
M Group Services believes the increase in employee engagement will result in an increase in retention.
About UKG
At UKG, our purpose is people. As strong believers in the power of culture and belonging as the secret to success, we champion great workplaces and build lifelong partnerships with our customers to show what’s possible when businesses invest in their people. Born from a historic merger that created one of the world’s leading HCM cloud companies, our Life-work Technology approach to HR, payroll, and workforce management solutions for all people helps more than 70,000 organizations around the globe and across every industry anticipate and adapt to their employees’ needs beyond just work.
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REMOTE WORKFORCE
The Guardian Life Insurance Company of America | June 18, 2022
The Guardian Life Insurance Company of America (Guardian®) today announced a new partnership with PrismHR that allows Professional Employer Organizations (PEOs) access to Guardian's full suite of dental, vision, life, disability, supplemental health, and mental wellness benefits.
"The Guardian PrismHR relationship reinforces Guardian's commitment and leadership in the PEO space. We are excited to bring our innovative product portfolio to more employees, helping PEO members obtain lifelong well-being," said Jeff Wasco, Head of Specialty and Emerging Markets for Guardian.
The partnership will provide several benefits to PEOs including:
Access to comprehensive employee benefits that prioritize well-being like mental wellness benefits through Spring Health, tailored solutions to improve benefits communication, and value-added benefits such as Will Prep Services and an Employee Assistance Program, all with a focus on helping PEO member firms attract and retain employees
No ongoing EDI maintenance fees and zero set up cost
PrismHR Data Bridge, which automatically extracts, transforms, validates, and securely transfers enrollment data to carriers and providers
"I'm excited about the union of PrismHR's technology and Guardian's insurance offerings, This partnership allows PEOs to offer worksite employees attractive benefit offerings that keep cost, value, and variety in mind."
-Tim Pratte, President, HRO Business Unit at PrismHR.
About The Guardian Life Insurance Company of America (Guardian®)
Every day, Guardian provides Americans the security they deserve through our insurance and wealth management products and services. Since our founding in 1860, our long-term view has helped our customers prepare for whatever life brings, whether starting a family, planning for the future, or taking care of employees. Today, we're a Fortune 250 mutual company and a leading provider of life, disability, dental, and other benefits for individuals, at the workplace, and through government sponsored programs. The Guardian community of over 9,000 colleagues and our network of over 2,500 financial representatives is committed to serving with expertise when, where, and how our clients need us. Our commitments rest on a strong financial foundation, which at year-end 2021 included $10.7 billion in capital and $1.9 billion in operating income. For more information, please visit guardianlife.com or follow us on Facebook, LinkedIn, Twitter, and YouTube.
About PrismHR
PrismHR's mission is to fuel the growth of small and medium-sized businesses (SMBs) across the U.S. Our HR software, combined with our ecosystem of HR service providers, enables SMBs to manage payroll, benefits, and HR, leveling the playing field with large enterprises. Today, PrismHR software delivers world-class HR services to more than 80,000 organizations and over 2 million worksite employees, processing greater than $80 billion in payroll each year. PrismHR is located in Hopkinton, Mass.
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