FirstSourceHR, Inc., a new professional
employer organization (PEO), announced today that it has begun offering its
services nationwide to businesses with 5 to 500 employees. As a human resource
outsourcing company, FirstSourceHR provides payroll, workers' compensation,
benefits administration and human resource support, as well as risk management
services, to small and mid-sized businesses.
ST. PETERSBURG, Fla., Jan. 6, 2010-FirstSourceHR, Inc., a new professional
employer organization (PEO), announced today that it has begun offering its
services nationwide to businesses with 5 to 500 employees. As a human resource
outsourcing company, FirstSourceHR provides payroll, workers' compensation,
benefits administration and human resource support, as well as risk management
services, to small and mid-sized businesses.
FirstSourceHR, Inc. was founded and is managed by Peter VanSon, co-founder and
former chief executive officer of DecisionHR USA, Inc., a PEO sold in 2006 to a
subsidiary of The First American Corporation (NYSE: FAF).
"Outsourcing of HR-related functions to a PEO provides significant benefits to
businesses and makes good business sense," said VanSon, a certified public
accountant involved in the PEO industry since 1996. A 2009 Florida Association
of Professional Employer Organizations survey reported that, in Florida alone,
PEOs are used by over 50,000 companies, employing more than 700,000 employees,
earning $24 billion in wages.
Typically, PEOs, like FirstSourceHR, enter into a co-employment contract with
their clients to become the employer of record for human resources
purposes. This benefits the client company as it saves them the time and staff
needed to conduct human resources functions and may also reduce their legal
liabilities to employees. Most importantly, by aggregating their clients'
employees and leveraging the aggregate to purchase products and services, the
PEO can offer its clients employee benefit programs normally only available to
larger companies, including healthcare plans and 401(k) retirement plans.
"The PEO is a smart business model that has been greatly enhanced in recent
years by technology," adds VanSon. "FirstSourceHR is taking advantage of
current technology to provide truly state-of-the-art PEO services on a national
scale."
FirstSourceHR's services are delivered through its Web based payroll system,
which provides client companies real-time access to their information.
Additionally, employees can enjoy the benefits of numerous service options,
including direct deposit, pay cards and Web access to benefit information.
Coupled with personalized service from client-specific payroll specialists, the
company's technology-driven services help ensure client-friendly experiences and
satisfaction.
About FirstSourceHR, Inc.
As a state-of-the-art professional employer organization, FirstSourceHR,
supports the human resources needs of small to mid-sized businesses. By using
the latest technologies, leveraging the expertise of its seasoned management
team and taking a personal approach to customer support, the company delivers
payroll, workers' compensation, benefits and human resources administration
services to its clients nationwide. For more information, visit
www.firstsourcehr.com.
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