PEO Case Study: Technology Firm
Technology: High-Growth, High-Pressure Tech Firm Hits Their Stride
Investors challenged the management of a New York-based technology firm with aggressive first-year growth goals. To achieve those goals, leadership needed to focus on developing products and hiring the best staff. They wanted to offer a benefit package designed to meet the demanding needs of Silicon Alley firms, but as a growing company they were concerned about benefit compliance. Investors were less concerned with growing pains and administrative challenges – they simply wanted to see results.
SOLUTION
Our PEO team conducted a thorough benchmarking of New York technology firms. They then devised a creative solution to help the company recruit ideal employees for their niche in the tech sector. This included identifying an innovative benefit package that meets the unique needs of the competitive market and attracts the best talent. Our PEO also assigned a dedicated Human Resources Manager to act as point person for all compliance issues, and implemented HRCloud technology, simplifying and streamlining the company’s HR administrative tasks into one integrated platform. They then helped develop HR policies and procedures, and an HR service plan.
RESULT
Our PEO was immediately able to determine what other technology firms in Silicon Alley were offering and use that as a benchmark to build a strong, effective recruitment strategy and robust benefit offering. The PEO then offloaded HR compliance and administration for the firm. With this burden removed, leadership could focus on what was important to their investors – developing their product. The firm met its aggressive growth goals and since partnering with Extensis has become an employer of choice, more than doubling their number of employees.
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