Helping Employers Helps Emplicity Hit 10-Year Anniversary with Record Growth and Profitability; Irvine, CA-Based Emplicity Celebrates 10-Year Mark in Making Employee Management Simple.IRVINE, Calif. -- Emplicity, a leading Professional Employer Organization A professional employer organization (PEO) provides outsourcing of payroll, workers' compensation, human resources and employee benefits administration. It does this by hiring a client company’s employees, thus becoming their employer of record. (PEO) operating nationwide with clients in a wide range of industries, is celebrating its 10-year anniversary this month in an industry high in demand due to the pitfalls businesses face in managing their employees. Established in 1995 with only one employee, Emplicity (formerly StaffPay) reached its 10-year mark through record growth, strong profitability and an expanding client base. "Emplicity's longevity longevity (lŏnjĕv`ĭtē), term denoting the length or duration of the life of an animal or plant, often used to indicate an unusually long life. and tremendous growth is a testament to our ability to help companies save time and money through effective employee management," said Vic Tanon, founder and President of Emplicity. "To our clients, Emplicity is a trusted advisor that partners with them to make employee management simple. We deliver solutions that reduce clients' liability and enable them to focus on core competencies A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
As a PEO with annual revenues of approximately $52 million, Emplicity manages a workforce of approximately 1,800 employees throughout the U.S. providing comprehensive, turnkey See turnkey system. human resource management services to small to mid-size business. In today's workplace, employees want their employers to provide financial security, good health insurance, a safe working environment, and the ability to save for retirement. PEOs like Emplicity are efficiently helping companies overcome that challenge. "Regulatory laws and compliance issues are becoming more stringent and are continually con·tin·u·al adj. 1. Recurring regularly or frequently: the continual need to pay the mortgage. 2. changing, which normally force small and mid-size businesses to spend additional costs to remain compliant," said Dennis Jenkins of DJC DJC Dark Jedi Council (gaming clan) , a communication systems company. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Daily Journal of Commerce (November 4, 2004), "a PEO can deliver these services in a cost-effective cost-effective, n the minimal expenditure of dollars, time, and other elements necessary to achieve the health care result deemed necessary and appropriate. manner by consolidating all of its clients into a larger organization to obtain preferred rates on insurance and benefit packages. As a result, the PEOs' small business clients are able to provide their employees with Fortune 500 quality benefits, helping them to attract and retain top talent." Tanon credits the company's 10-year success and current opportunities for expansion to having built a first rate customer service model that is implemented by an exceptionally talented team of seasoned experts, who have earned the company its reputation for "making things simple" with a sensible blend of high-tech and high-touch client service. "I see no slowing of our skyrocketing growth over the next few years," Tanon added. "We see opportunities to leverage our client expertise and highly-praised service in the mortgage, high tech, legal, medical and financial industries." Recent notable company successes include a client survey highlighting an impressive 95 percent approval rating of Emplicity and listing several new clients. Expecting revenue growth of more than 25% for 2005, Emplicity's other notable accomplishments include: --33 percent increase in revenue over the last 10 years --92 percent client retention --46 percent employee growth --50 percent increase in office square footage --10 years of continuous profitability Emplicity plans to start 2006 by introducing regular online customer satisfaction surveys, monthly informative newsletters to clients and integrating state-of-the-art technology with their customer service programs to save additional time and money for their clients. More about Emplicity Emplicity, founded in 1995 and headquartered in Irvine, CA, is a certified See certification. Professional Employer Organization (PEO) making employee management simple for small to mid-sized companies. With expertise in human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. , safety and risk management, workers' compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. , payroll administration and flexible employee benefits, Emplicity helps companies ease administrative burdens, reduce liability and risk, increase productivity, attract and retain exceptional employees and find peace of mind. Emplicity operates nationwide with clients in a wide range of industries, including the medical, mortgage, high tech, legal, and financial arenas. |
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