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Employee overhead costs are hard
to contain. It’s even more difficult to
realize a cost reduction or savings.
Between worker’s compensation,
employee benefits and payroll administration,
businesses large and small
experience frustration as they strive to
control these expenses. Most would
agree that finding the right agents
and carriers, employee leasing firms or
PEOs requires special knowledge and
negotiating power to matchmake a
company, with its unique features, to
the most suitable providers.
Payroll Consultants Group, Inc. is
a unique business-to-provider matchmaking
and advisory group that
charges no fees for its services. The
group analyzes over $6 Million Dollars
of employee-related costs everyday,
and maintains a $200 Million portfolio
of client payrolls. It offers a multifaceted,
cost reduction and savings
concept that puts negotiating power
back into the hands of employers,
with existing agents and leasing firms,
or new sources. With a vast provider
network of insurance agencies and
leasing companies, a worker’s comp
co-op, and a supporting network of
15 attorneys, 40 risk managers, and
accounting and tax experts, the firm
has saved millions of dollars for Florida
businesses. Payroll Consultants Group
is located at 710 Oakfield Drive, Suite
102 in Brandon, Florida.
Its founder and CEO, Frank
VanDeBoe recognized in 2000 that
employers need assistance in two
respects, if they are going to discover
any reduced costs or savings.
First, employers, whether large, or
small, need a single source that is
knowledgeable in all facets of constructing
and managing employee
overhead expenses. These include
accounting, tax and legal matters,
and expertise in understanding the
insurance, PEO and employee leasing
industries. This expertise enables
Payroll Consultants Group to examine
an employer’s entire profile of
costs, and render advice or any viable
changes that will drive down costs.
Most employers, however, approach
cost issues one plan or administrative
task at a time, without considering the
whole perspective.
Second, most employers try to drive
costs down by approaching their existing
insurance agent for revised programs
or rate proposals, or scouting for
a new agent. In contrast, one call to
Payroll Consultants Group provides an
employer, even with high risk profiles,
with access to many different resources,
or negotiating power with the existing
agent. It also equips the employer with
an advisory group that is adept at finding
out-of-state resources that many
agents and leasing firms are unable to
tap. Often, the firm’s large volume of
participating employees provides the
negotiating power needed to attain
lower health or worker’s comp costs
through an agent an employer already
uses.
For example, one area corporation
with $5 Million in annual payroll, used
Payroll Consultants Group to examine
how to reduce their high-risk worker’s
comp rates. VanDeBoe’s group explained
to the employer that insurance agents
cannot change the rate, which is calculated
based on risk, and is established
by the State to determine a company’s
worker’s comp rate.The group explained,
however, that a conversion to employee
leasing, and the negotiating power of
Payroll Consultants Group would drive
down the cost. It did, to the tune of
$200,000 in savings per year.
Small businesses, whose needs are
often ignored, are receiving full service
from Payroll Consultant Group. “One
of our small business clients is a twoperson
contracting business. Today,
the owner provides health insurance
and direct deposit services to it’s one
employee,” VanDeBoe said.
The group’s concept for servicing
employers has influenced a reduction
in some leasing and payroll fees. It has
also enabled many brokers, agents
and employee leasing or PEO firms
to retain their clients. A simple phone
call to payroll Consultant’s Group has
corrected payroll delivery problems,
and produced needed documents that
enable companies to gain or perform
work.
Payroll Consultants Group receives
calls from employee leasing firms when
their risk managers can’t write business.
Insurance agents send them employers
that their carriers can’t write. Large
corporations contact the group with
complex multi-state, multi-company
issues. And employers call frequently
in search of an objective opinion on
their current or prospective employee
programs.
Samantha Dunn, Marketing Director
explained, “Sometimes, we look at a
client’s current profile and tell them to
stay with their existing providers. They
are doing everything right.”
To request an assessment of current
costs, or to utilize the firm’s resources
and relationships with new or existing
agents and leasing firms, contact
Payroll Consultants Group at (813)
684-5684.
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