As small business owners struggle with the challenge of evolving regulatory compliance and health care reform requirements, ADP®, a leading provider of human resource outsourcing, payroll services, tax and compliance services, benefits administration and integrated computing solutions for vehicle dealers, today announced the launch of its TotalSourcesm solution for small businesses in Tennessee. ADP TotalSource simplifies human resources management for small- to mid-sized businesses with an integrated service offering that incorporates payroll services, benefits administration, risk management, tax and compliance functions.
ADP TotalSource helps mitigate risk for small- to mid-sized businesses by serving as a Professional Employer Organization (PEO). PEOs provide integrated services through a co-employment model where the client company continues to direct employees’ day-to-day, job-related duties, while the PEO contractually assumes certain HR-related rights, responsibilities and risks and becomes the “employer of record” on an employee’s W-2.
“Small business owners can become easily overwhelmed as they struggle to comply with the complexities of human resource management—especially recognizing that 45 percent of employers undergo a state or federal payroll audit at least once a year according to a recent survey,” said Dave Imbrogno, ADP TotalSource’s senior vice president of service and operations. “Ideally, owners that focus on servicing clients, developing employees and growing their business are best equipped to keep ahead of the competition, especially in this challenging economy. Engaging a PEO is an attractive and compelling solution that allows business owners to minimize risk while maintaining a competitive edge,” Imbrogno added.
Citing the findings of research recently published by ADP TotalSource and conducted by the ADP Research Institute, a specialized group within ADP, entitled “Relieving the Pressure: The PEO Approach to Navigating Compliance and Gaining a Competitive Advantage,” Imbrogno said,“Our new research shows that more than half of today’s companies surveyed lack confidence in their ability to keep pace with complex, ever-changing HR regulations. The majority of companies surveyed believe the HR compliance burden will only grow more difficult with time. Recognizing that 97 percent of businesses in Tennessee are small firms, we are confident ADP TotalSource will bring relevant and timely solutions to area businesses,” he adds.
Katherine E. Hudson, human resource director of Nashville-based CARS RECON, INC., comments that ADP TotalSource helps her focus on employees, not paperwork. “ADP TotalSource enables me to offer benefits and provide management training that I could not otherwise provide our employees,” Hudson says. “This allows me to focus on our people, not the day-to-day administrative chores that used to consume my time,” she adds.
ADP TotalSource’s office is located at 810 Royal Parkway in Nashville.
To download a complimentary copy of the ADP TotalSource white paper,“Relieving the Pressure: The PEO Approach to Navigating Compliance and Gaining a Competitive Advantage,” please click here. ADP also recently hosted a webinar to provide practical information on how businesses can plan and prepare for new regulations that are either in place, or being considered by federal agencies. The free webcast is available for download here.
A part of ADP’s Employer Services Division, ADP TotalSource is the nation’s largest PEO, operating more than 50 offices in 24 states, and serving more than 8,600 client companies with more than 240,000 worksite employees. Businesses taking advantage of ADP’s PEO services are assigned an experienced TotalSource Human Resource Business Partner who leads a team of experts drawn from human resource management, employee benefits, payroll services, risk management and regulatory compliance.
For more information about ADP TotalSource, please call 1-800-HIRE-ADP or visit adptotalsource.com/.
ADP will host a free webinar on Wednesday, January 25, at 1 pm. ET featuring labor and employment law experts at Jackson Lewis LLP to provide valuable, practical information for business owners on the Fair Labor Standards Act (FLSA). Rregister for the free webinar,“Practical Guidance on Wage and Hour Compliance: What do you really need to know?”
Automatic Data Processing, Inc. (NASDAQ: ADP), with about $10 billion in revenues and approximately 570,000 clients, is one of the world's largest providers of business outsourcing solutions. Leveraging over 60 years of experience, ADP offers a wide range of human resource, payroll, tax and benefits administration solutions from a single source. ADP's easy-to-use solutions for employers provide superior value to companies of all types and sizes. ADP (ADP.com) is also a leading provider of integrated computing solutions to auto, truck, motorcycle, marine, recreational vehicle, and heavy equipment dealers throughout the world. For more information about ADP or to contact a local ADP sales office, reach us at 1.800.225.5237 or visit the company's Website.