Payroll
Payroll plays a role in the internal operations and human capital management of a business. Payroll and payroll taxes are subject to many Federal, State and local regulations, which can be onerous to manage appropriately. Exemptions, garnishments, withholdings can lead to cumulative fines, penalties and other consequences if not administered correctly in the often complex and confusing co
urt order and IRS/State rules. Payroll errors, such as late or incorrect paychecks, incorrectly tracked PTO or time tracking errors, can cause tension between employees and their employers. Zynergia’s payroll and tax system, timeclock integrations, as well as its well-disciplined and highly knowledgeable payroll group, can keep this area well managed on your behalf. Human Resources
Zynergia’s human resources group will help manage and guide your company in respect to policy creation and documentation, employee benefits design, employee recruitment, compliance and performance training, performance appraisals and improvement, as well as reward management, such as developing and managing compensation models and employee benefit systems. The overall purpose of human resources (HR) is to ensure that the organization is able to achieve success and efficiency through people. Zynergia believes human resources managers are business partners helping our client executive maximize their human capital management efforts. Zynergia’s sourcing and recruitment group can help post, evaluate and place your personnel directly or offer assistance in the process. We will leverage our capabilities and economies of scale to find you the best candidates. Benefit Management
The purpose of employee benefits is to attract, retain and increase the economic security of the client’s valuable resource, its workers. Benefits management can achieve these goals; however, benefits management can also be very complex and create very onerous liabilities if not correctly documented and administrated. Zynergia’s benefits management group is highly adept at creating the appropriate reward system for your workforce as well as the associated sourcing, placement through its partners and administration of group insurance (health, dental, life, etc.), disability income protection, retirement benefits, tuition reimbursement, sick leave, vacation (paid and unpaid), social security, profit sharing, employer student loan contributions, leaves (maternity, paternity, military, etc.) Risk Management and Human Capital Management
Zynergia excels in Enterprise Risk Management (ERM), Human Capital Management (HCM), workers’ compensation, safety management and organizational development. Zynergia enhances enterprise value by addressing corporate infrastructure issues to drive down costs, improve return on assets, manage risks and develop processes to create best practices in Risk, HR and Administration functions. Back Office for Staffing Companies
Zynergia can help your staffing company achieve scale, lower costs, increased cash availability and the ability to enter States that previously would not be accessible to you. As a full functional PEO, Zynergia already has the back office well in hand. We administer payroll, workers’ compensation, benefits, human resource requirements at a volume and efficiency that small to medium staffing companies can rarely achieve. We also leverage our economies of scale, efficiencies and volume to reduce your costs (even on an outsourced basis to us). We also offer payment terms that will effectively increase your cash flow. In addition, because of risk management mitigation efforts, size of our risk pool and insurance design, we can effectively limit the impact of adverse significant claim impacts and experience modification rate negative trends. As your back office, we can white label our services and offerings, effectively becoming unseen to your clients, leaving you with the total focus upon the business of recruiting, sourcing and placing in the front office. Zynergia’s PEO, A*O and HRO Models
What Is a PEO? A Professional Employer Organization, or PEO, provides client companies with outsourced human resource services such as payroll, state unemployment insurance and administration of associated claims, workers’ compensation and oversight of aggressive claim management (TPA adjusters), as well as employment law compliance assistance by providing expert advisement, policy development and documentation and compliance protocols. PEOs require a contractual agreement that specifies the duties and responsibilities of the PEO and the client company. This establishes a model known as “joint employment” or “co-employment.” Unless otherwise required by a specific State mandate, the PEO assumes the “statutory” employer role while the client company assumes the “common law employer” role. This arrangement allows the client company to transfer many of its key employer responsibilities to the PEO while managing their employees’ day-to-day activities. The PEO is considered the “Employer of Record” for tax and insurance purposes and federal and state employment laws like wage and hour regulations. In general, the PEO bears most of the employer liability risks (the agreement will specify specific thresholds of liability the PEO and client company have accepted and under which circumstances). The PEO generally provides the employee benefit programs, such as retirement plans and health coverage, at a cost-saving to the client company based upon the advantages of economies of scale (example: a far greater insured lives base nor buying power). The PEO can also absorb and spread risk across all its clients (risk absorption and transfer). PEOs give small to mid-sized businesses access to more extensive company benefits. The employees of the PEO are positioned to provide very high levels of knowledge and expertise found in substantial companies and generally would not be accessible to small to medium-sized employers. The term “A*O” stands for Administrative Services Organization. Much like a PEO, the A*O can provide many services but are offered on a carte basis. An A*O does not become the co-employer of the client company’s employees but rather is an outsourced administrative entity providing services to the client company (the client company is the sole employer). HOWEVER, the A*O may handle tax and insurance filings; they are submitted under the client company’s tax IDs. While an A*O can offer guidance on compliance, risk and human resource matters, it is solely the responsibility of the client company to act upon them. The client company bears the entirety of employer liability. Employer benefit plans, retirement plans, profit-sharing arrangements and other benefits and insurances are provided through the client company. In this model, we are not your employees’ employer, but we provide virtually the same suite of services that a PEO offers — for a fraction of the cost. We offer you the best of both service models without becoming the “employer of record.” Zynergia provides a toolbox full of resources and services to choose from in areas like benefits administration, employee onboarding, managed payroll, employee handbooks, employee training and regulatory compliance. We handle transactional HR tasks so that you can concentrate on company culture, employee retention, productivity and patient services. We offer a single outsourcing solution that gives you more time to attend to your organization’s strategic ex*****on, productivity and profitability. The Zynergia cloud-based workforce management solutions integrate HR, time and attendance and payroll functions to deliver better visibility and control of your labor costs, productivity and compliance.
