PeopleStrategy Inc.®, a provider of comprehensive, cloud-based human capital management (HCM) solutions and full-service brokerage, has recently announced the release of the HCM bundle. The new HCM bundle is designed to better support professionals looking to build and execute a successful end-to-end HR strategy while saving their organizations time and money.
PeopleStrategy achieves this by offering a hire-to-retire human resource technology suite, world-class employee benefits, and comprehensive administrative services through a single provider. This removes the hassle those in HR experience from dealing with separate vendors and brokers. The HCM bundle includes tools for recruiting, onboarding, payroll, time and PTO tracking, compensation, compliance, performance management, and benefits, as well as services for benefits consulting, administration, and compliance.
“The bundle is a very simple concept. PeopleStrategy reinvests the commissions we make from our insurance business into our platform to deliver better technology and to make it affordable to the HR teams who have been unable to justify the cost to date,” CEO Randy Cooper said. “PeopleStrategy enables small and midmarket employers to fully address their need for an end-to-end human capital management system at a cost that is less than what they typically pay for payroll alone — a business case I know a CFO could get behind.”
PeopleStrategy is leveraging its benefits offerings to provide a complete HR solution. This means the ability to administer benefits support outside of the annual benefits enrollment discussion and to help clients navigate the complex and ever-changing benefits landscape.
“The current employment landscape demands our clients be able to not only deliver on employee experience, but also provide a competitive benefits package to attract new employees and keep existing ones,” Chief Client Officer Jerry Tasker said. “The HCM bundle meets both objectives and helps our clients to save time and money by only dealing with one provider versus three or four.”
According to the 2018 Milliman Medical Index, employee contributions to their healthcare plans increased by 5.9%, and the employer expense increased 3.5%.
By combining HR technology and benefits with one provider, organizations can redirect their savings to employees by increasing the employer contribution to their benefits package.
The PeopleStrategy HCM bundle creates a more integrated work experience for HR representatives and employees, increasing productivity and efficiency by using one single provider.
This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.