HRO Today Magazine: April 2007 - ONLINE EXCLUSIVE:HR Transformation Saa... - The Diigo Meta page

• 03 Jul 08
  

  Bill H

  web3.0 saas news

  • Genmar, a $1 billion Minneapolis-based holding company that sells vessels under  12 brands and employs more than 5,000. What you might not know is that despite  having built successful brands, as recently as 2005 Genmar still operated an  archaic HR platform that could not quickly produce critical reports or provide  an enterprise-wide view of its operations. The company was further saddled by  what it said were exorbitant fees charged by a payroll service provider.

  • “We had 10 types of [payroll] systems as a result of acquisitions. To get  basic information, it was nearly impossible,” he recalled. “Some did payroll  with [an outsource provider]. Some did it on their own. We had no visibility of  any of this information. Plus, we were paying a lot of money to [outsource  payroll].”
    
  • Since implementing the on-demand service, management has benefited from the  transparency and efficiency of the system as well as from cost savings, Mahler  said. For instance, processing costs for 401(k) contributions have dropped  significantly. Average labor costs for each job type can be easily culled from  reports, giving executives the data they need to make sound business decisions.

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