A smarter way to run your business
If that's true (and it is), you may want to consider letting go of all those activities that don't generate revenue. In short, stop doing business with yourself.
Dealing with payroll, benefits, workers' comp, and all that employment "stuff" distracts any company from its core business. And in this economy, can anyone afford to be distracted?
If your core business is not payroll administration, employee benefits administration, workers' compensation claims administration, human resources administration, or management training, let us help you eliminate those distractions.
Increase profitability
simplicityHR service plans allow businesses to offload costly, time-consuming administrative burdens. As a result, clients tell us their operations become more efficient and they’re better able to focus on core business activities (you know, the ones that generate revenue).
The bottom line? Better cost control + higher productivity = more profitability
With simplicityHR, you and your team can streamline your business and stay focused on what matters most.
Improve cash flow
Many of our long-time clients experience better cash flow once they’ve outsourced their HR administration to ALTRES. The math is pretty simple.
- No more outsourcing inefficiently to multiple vendors.
- Only one invoice from one expert vendor.
- No more up-front, lump-sum workers’ compensation premium deposits.
- No end-of-year audit surprises. You pay just a little with each payroll cycle.
- And with the HR Advantage service plan: No more routine, out-of-pocket expenses for human resources support, custom payroll setups and reports, supervisor training, on-site safety services and training, or employee benefits.
Control labor costs
simplicityHR clients know exactly what their labor costs are. A single, simple invoice every pay period includes payroll, employee benefits, required taxes & insurances (RTI), and all the HR administration services provided by ALTRES. (Your CPA will love us.)
Manual processes often result in human error, lost productivity, and lost time you can never get back. With simplicityHR your business can automate processes such as time and attendance, payroll and benefits administration, and new hire onboarding. The result? Greater efficiency and cost savings, especially over the long run.
Because all we do is employment administration, we’re used to crossing our t’s and dotting our i’s. Most employers don’t have the time or resources to track every employment-related detail that needs tracking.
So-called “premium leakage” is a good example. You’d be surprised at how many employers forget to remove terminated or ineligible employees from health care rosters. Meanwhile, monthly medical premiums continue to be paid on these employees—money that the insurance carriers will never refund. With simplicityHR your business won’t incur these unnecessary costs.
Another business challenge is high employee turnover which inflates labor costs and kills profitability. simplicityHR clients know that ALTRES takes great care of their employees and can assist in developing practical, long-term retention strategies.
Plus, ALTRES expertly handles:
- Annual rate negotiations with health plan providers and other benefit plan vendors
- Retirement plans such as 401(k)
- Workers’ compensation cost containment and rate control
Reduce risk & liability
When ALTRES becomes your virtual HR department, we help mitigate the risks of being an employer. How?
We’ve got “skin in the game.” Because our clients and their employees are covered under ALTRES’ own workers’ compensation insurance policy, we manage the pool so that rates stay low and steady for everyone. Our dedicated Risk Management team helps clients create safer work environments, responds appropriately to injury reports (with our 24-hour injury hotline), and expertly manages all claims. Plus, we have the resources to investigate suspected fraud and abuse.- We’ve got even more skin in the game. Our HR Advantage and HR Options service tiers include the ALTRES Protection Plan (APP), which provides clients with shared protection from liabilities arising from employment-related legal claims. Under this exclusive plan, ALTRES splits the first $50,000 of each claim with the client—dollar for dollar. The APP is more financially beneficial than traditional Employment Practices Liability Insurance (EPLI) policies, which only activate upon reaching detrimental thresholds.
- We assume certain fiduciary responsibilities for payroll distribution, payroll tax withholdings, garnishments, retirement plan contributions, and pre- and post-tax payroll deductions. Plus, if you establish your 401(k) plan through ALTRES, we assume primary responsibility as the third-party administrator.
- You have financial assurance in knowing that we are accredited by ESAC.
The Employer S
ervices Assurance Corporation (ESAC) protects the interests of clients partnering with accredited professional employer organizations (PEO). ESAC’s Client Assurance Program is similar to the assurances offered by the FDIC for the banking industry. You can rest assured that this independent organization continuously monitors ALTRES to ensure ethical conduct, financial stability and compliant operations. - We’re HR experts. As Hawaii’s largest, most experienced HR department, we closely track changes in federal and state employment law so that all our clients remain compliant. We also possess the necessary skills and expertise to help you maintain a positive, productive workforce. Our team of HR professionals can help you and your managers address employee issues and challenging situations before they become expensive problems.
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