|
Fees Reduced for All ESAC Applicants
ESAC's one-time accreditation fee promotion continues to provide substantial savings of 25-42% per year for newly accredited PEOs. PEOs that became accredited in 2009 are benefitting from 3 years of savings. PEOs completing accreditation in 2010 will receive the savings for 2 years. The promotion is designed to help PEOs contemplating accreditation to benefit sooner rather than later from the more time and cost efficient state registration and licensing and the sales advantage that all accredited PEOs enjoy. In 2008 accredited PEO wages increased 25%, and the program now covers over $30 billion in employee wages. The sooner you become accredited, the more your PEO will save and profit! Click here to calculate your savings!
West Virginia Approves ESAC eMAC Services
The West Virginia Office of the Insurance Commissioner recently approved ESAC as a qualified assurance organization to enable more efficient verification of compliance with its PEO licensing requirements. Including ESAC's recent approval by Montana, Rhode Island, Vermont and Wisconsin, 11 states now accept ESAC’s regulatory services, including its eMAC service, which are provided to the states free of charge.
eMAC Services Benefit PEOs and State Regulators
ESAC recently improved its online services to more efficiently provide access to its paperless Electronic Multi-state Application and Compliance (eMAC) services. ESAC’s eMAC service was designed to save both state agencies and PEOs maximum time and money while providing more effective compliance monitoring and financial assurance than would otherwise be possible.
ESAC’s eMAC service allows participating accredited PEOs to comply with multiple state registration and licensing requirements by submitting information one time online. Authorized state regulators then have fast, efficient and secure online access via eMAC to required PEO information that has been submitted and attested to by the PEO or the PEO’s independent CPA.
Lyons HR and Oasis Outsourcing Earn ESAC Accreditation
Lyons HR of Florence, AL and Oasis Outsourcing of West Palm Beach, FL recently earned their ESAC accreditation. These two PEOs join other ESAC-accredited PEOs, including five that became accredited in 2009, in enjoying the many advantages of ESAC such as the
sales & marketing benefits of ESAC's Client Assurance Program,
opportunities for significant savings through ESAC's endorsed surety bond program, and savings in multi-state licensing costs via ESAC's eMAC services.
ESAC Financial Assurance Covers Over $30 Billion in Employee Wages
ESAC now serves PEOs representing over $30 billion in annual employee wages with accredited firms ranging in size from small PEOs operating in one state to larger PEOs operating nationally. Accredited PEOs consist of 125 PEO entities within 28 PEO Groups. Any PEO's accreditation status may be verified from the "Verify" or "Find" links to the left.
ESAC Doubles Its Financial Assurance
The services of ESAC accredited PEOs are now backed by a total of $11 million in financial assurance for accredited PEO clients, worksite employees, taxing authorities and insurers. Based on the perfect record of ESAC’s financial assurance program, the surety carrier backing this program has doubled the FDIC-type assurance from $5 million to $10 million in excess coverage in addition to the $1 million surety bond backing each individual accredited PEO.
ESAC Marketing Video
ESAC has developed a 4 minute video to help PEO clients, prospects, the general business community and representatives from state and federal agencies learn more about the ESAC advantage. Customized versions of this movie are available to accredited PEOs for their use in marketing the value of accreditation.
New ESAC Board Members Welcomed
Representatives from ESAC-accredited PEOs elected new directors to the board during their 2009 annual meeting. Scott Buchanan with Human Resources, Inc., John Lacy with Selective HR Solutions, Inc. and Johnathan Taylor with Landrum Professional Employer Services, Inc. joined the board as PEO Industry Directors. Additionally, Bob Adams with Adams Keegan, Inc. was elected to serve as ESAC's president.
Click here to view information on these new directors as well as ESAC’s other board members.
PEO Leaders Validate Accreditation Value
"ESAC accreditation has proved to be the most significant external factor
behind AlphaStaff's growth from 1,300 worksite employees in May 2000 to over
25,000 today. The instant credibility we gained from ESAC with our clients and
their trusted advisors cannot be overstated."
- Robert A. Beck, II CLU, Chairman, AlphaStaff, Inc.
"Since we obtained our ESAC accreditation in 1995, Doherty has entered into
relationships with several large PEO clients that are divisions of Fortune 500
companies. Many of these clients are financial services firms and, as Doherty
is a private company, these firms would not have considered working with us
without our ESAC accreditation and the financial assurance that it provides.
The annual cost of accreditation pales in comparison to the profits generated
by these clients."
- Tim Doherty, CEO, Doherty Employment Group
Click here to start your online application and start enjoying the advantages of ESAC accreditation!
Click here to view
current and past issues of PEO Pointers, the PEO industry's resource
for tips, strategies and best practices used by some of the most successful
companies in the industry!
|
