Oasis Outsourcing Delivers Cost-Saving Workforce Solutions
Oasis Outsourcing developed a successful relationship with a publicly traded NYSE insurance company, providing comprehensive workforce solutions for its administrative support staff. The organization has realized significant cost savings as a result of Oasis Outsourcing's support with managing key functions such as new-hire orientation, compliance issues, payroll and benefits administration.
The Challenge
A publicly traded NYSE insurance company was looking to generate cost savings in order to improve shareholder value. Outsourcing the human resources function of its large administrative support staff was a viable way for the company to achieve its goals. In addition, the company’s workforce was located in hundreds of sales offices throughout the country. With these challenges in mind, the company was seeking an established human resources outsourcing firm capable of handling a variety of HR-related responsibilities—including compliance issues—for approximately 1,000 of its administrative support staff located in various states with unique employment-related laws and regulations. The additional staff that would have been required to effectively handle the various requirements created the challenge for the company to generate cost savings and improve efficiencies.
The Cost-Saving Solution
Oasis Outsourcing was selected to partner with the insurance company. This enabled the company’s representatives to focus on the more strategic aspects of their business while Oasis Outsourcing handled such responsibilities as human resources compliance, payroll, benefits and risk management. State-of-the-art online solutions and call center, in addition to on site support, allowed for seamless processes to be developed and implemented.
The company’s administrative employees were transitioned to the PEO employment model and are now provided with comprehensive, cost-effective benefits through Oasis Outsourcing. An off-site Oasis Outsourcing Service Team has also been created to manage the relationship on a national basis, providing consistent human resources solutions to hundreds of locations throughout the country. Additionally, specialized web-based reports can be generated on demand, allowing for access to key management metrics.
The Results
Oasis Outsourcing provides human resources solutions to approximately 1,000 administrative support employees for the insurance company on a national basis. Because Oasis Outsourcing oversees new-hire orientation, compliance issues, payroll benefits and other human resources responsibilities, the company was able to improve the management of key employment-related items while realizing significant cost savings due to the efficiencies and economies of scale provided by Oasis. The company now has the opportunity to focus on the visionary aspect of its core initiatives while Oasis Outsourcing oversees administrative staffing matters.
