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Based
on
U.S.
government
statistics, an average 300-person company with a 22 percent turnover
generates about 3,300 new-hire and termination documents per year. HR
forms such as I-9's, reviews, time cards, W-4's,
resumes, confidentiality agreements, non-complete contracts, HIPAA,
insurance applications and so forth,
cost roughly $16 each to process and store. Altogether
these costs average about
$58,000 annually.
This is only the cost of processing
the forms. When you take into account time keeping, open enrollment, Cobra,
FSA, vacation days, paid time off, performance review, training, and
other miscellaneous HR functions, your company's non-revenue producing yet
vital functions' management costs are intangible and large.
Don't Invest in Yesterday's HR
Software
MPO 4.0 is
an online human capital management
system designed to allow the client to manage HR over the
Internet. MPO 4.0 is produced as a modular package. This allows
clients to select various
HR modules that will leverage their internal resources, from an
Virtual Benefit Department, Compliance Department, Payroll
Department, HRO, BPO and ASO
solution to manage basic operations that incorporates
highly sophisticated business rules and integrates with Enterprise
Resource Planning.
Why spend hundreds of thousands, if
not millions, of dollars implementing HR self-service and
maintaining your own HR software, when it may be obsolete in a year
or less? With MPO, you get a custom human resource management
solution powered by the very latest HR technology. Our HR system is
updated every 3 months.
Human Capital Management
HR Self-service is a powerful human resource management tool. By
giving your employees the ability to use 24/7 self-service to enroll
in benefits, add a dependent, review his/her payroll time sheet, or
verify paid time off (PTO) or request vacation, you improve morale
and eliminate the majority of the time your managers and HR staff
spend answering questions. HR self-service gives key staff members
more time to concentrate on core human resource management issues
Companies use
online systems because it saves them time and money. With MPO 4.0,
clients are safe in the knowledge that as they evolve, their HR
Administration Solution will evolve with them.
Review
some of the turn-key features why companies choose to use MPO 4.0 HR system.
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