Zynergia offers a variety of services for your HR needs:
- Human Resources
- Benefit Management
- Risk Management and Human Capital Management
- Back Office for Staffing Companies
- Zynergia’s PEO ASO & HRO Models
- Workers’ Compensation-Alternate Market
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 court 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.
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.
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.) as well as other specialized benefits.
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.
Zynergia offers a broad range of strategic planning in the ERM and HCM areas to prepare your risk program for a due diligence process. This process is associated with acquisition, insurance coverage redesign, utilization of outsourcing (risk transfer), correction of collateral burden and misaligned or poorly performing current TPA providers and underperforming internal claims, risk and loss control functions. We will conduct a survey based on our client’s areas of interest and utilize advanced analytics to identified external threats and competitive opportunities. Specific strategies will be discussed and vetted during the review process to arrive at our client’s desired outcome. A strategic plan will be developed and implemented based upon the client’s desired schedule of completion.
Zynergia, from the perspective of the insured, will design and implement claim corrective actions to dramatically reduce the workers’ compensation, legal and EPLI claims experience of our clients to achieve significant total incurred savings. We will design and implement a correction plan to include the client’s internal personnel skill level improvement, sourcing of appropriate required additional personnel if needed and the utilization of advanced analytics to identify the highest yield and impact areas to achieve the fastest turnaround.
Workforce Operational Quality Assurance and Scalability
Zynergia will design and implement metrics, processes and operating procedures to maximize human capital operational output by assessing our client’s current internal efficiencies. The client’s future growth and scalability desire, service offerings, market placement and profitability will influence Zynergia’s strategy to achieve the goals through a well-designed project plan.
Zynergia can design and implement executive-level assessment tools to gauge the skill levels and scalability of departments, teams and individuals. Skill level assessments, growth potential evaluations, creation and implementation of performance and training programs can also be developed to effectively develop the client’s personnel to higher skill and leadership levels. Succession planning is a natural outcome of these activities.
Human Capital Management
Zynergia can design and implement systematic evaluation processes to facilitate a scalable staffing model with the identification of skill level deficits within functional areas and the corrective actions required to bolster the various areas, including succession planning, management upgrades, personnel replacements and other cultural changes to achieve the companies’ desired results.
Interim Risk and Human Resources Management & Mentoring
We can assist in the interim management of organizations, departments and functions while our clients are sourcing a permanent placement or implementing a more permanent arrangement. We have vast experience in this service, particularly while implementing turnaround activities. An alternative option would be to rely upon Interim Risk to assist in more advanced activities required by the client while offering mentoring to the internal personnel currently in place.
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, ASO 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.
What Is an ASO?
The term “ASO” stands for Administrative Services Organization. Much like a PEO, the ASO can provide many services but are offered on a carte basis.
An ASO 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 ASO may handle tax and insurance filings; they are submitted under the client company’s tax IDs. While an ASO 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.
What is an HRO?
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 execution, 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.
While Zynergia can deliver as an ASO or PEO, we consider ourselves a Human Resources Outsourcing (HRO) service provider. HRO is one of the fastest-growing segments of the Business Process Outsourcing (BPO) market. Many businesses turn to HRO firms to help them manage payroll, benefits and HR administration, workplace compliance and recruiting. Companies are always looking for ways to reduce costs and improve efficiencies and productivity. By outsourcing certain HR functions, business leaders gain time to play a more strategic role in their organizations. Solutions are tailored to individual client needs, designed to be practical day-to-day and deliver long-term strategic benefits through HR management. Our services can be used independently or integrated for a comprehensive plan, giving you flexibility and expertise when you need it most.
Workers’ Compensation-Alternate Market
PEO potential clients may have one of the below or similar situations for which the PEO’s workers’ compensation and risk management program may be of help:
- A risk with a challenging WC class that the traditional WC market no longer wants to write, or the costs have become prohibitive.
- A risk with a high experience mod that adversely affects the total premium.
- A risk that has experienced some challenging loss history (shock losses, uncontrolled claim frequency or severity).
- A risk with multi-state exposure (inability to obtain appropriate separate policies, etc.).
- A risk that requires specific coverage and/or endorsements that cannot be obtained through the policy form being used, or the carrier is not willing to accommodate.
Zynergia’s risk management program and workers’ compensation policy designs can be the answer to all the above issues under the PEO model. Also, as experts in risk and claims management, Zynergia will assist in reducing adverse claim trends by utilizing its safety services, advanced risk management techniques and available correction resources. With the anticipated reductions in consideration, the client company will be reviewed and assessed by Zynergia during the underwriting process. An appropriate anticipated loss pick can be applied generally, offering a favorable premium result versus the stock market. The EMR trending can be reduced over a several-year period while with Zynergia.