Compensation Solutions Blog
Human Resources Outsourcing (HRO – PEO – ASO – Payroll – Agency)

Compensation Solutions – CoAdvantage Merger “Full Steam Ahead”

Compensation Solutions (CSI), one of the tri-state area’s leading Human Resource Outsourcing Organizations (HRO), announced in February 2014 its merger with Florida-based Professional Employer Organization (PEO) – CoAdvantage Corporation.

“We are pleased to say that the merger is full steam ahead,” said CSI’s President Susan Molosh after returning back from a series of collective meetings both at CSI’s New Jersey corporate office and at CoAdvantage’s offices in Tampa, Fl. “We are so pleased to be moving forward with our integration plan for 2014-2015,” she added.

The merger unites two market leaders with the right products, services and technology to provide world class services to clients and their employees, now nationwide. The combined company now has offices in New Jersey, New York, Texas, Arizona and Colorado in addition to its Florida home with a team of more than 350 service professionals experienced in payroll, human resources, workers’ compensation and employee benefits.

The merger creates one of the largest PEOs in the nation. Though each company has its own history, the common objective is shared – absolute client satisfaction.

About Compensation Solutions
Compensation Solutions is a leading human resources outsourcing organization that serves as a full-time outsourced human resource partner for businesses of all sizes throughout the United States.  By managing employee benefits, human resources, payroll and workers’ compensation administration, Compensation Solutions allows its clients to focus on their core competencies to maintain and grow their bottom line.  Compensation Solutions’ corporate headquarters is located in Wayne, NJ with offices in Upper Saddle River and Manhattan.  For more information, visit www.csihro.com.

About CoAdvantage Corporation
CoAdvantage, a portfolio company of New York-based private equity firm CIP Capital, serves as a leader in human resource solutions, provides Professional Employer Organization (PEO) services to small and medium-sized businesses nationwide. The company has offices throughout Florida, Texas, Arizona, Colorado and New Jersey, serving more than 45,000 worksite employees nationwide. For more information, visit www.coadvantage.com.

 

Compensation Solutions Sponsors the Volunteer Center of Bergen County’s Annual Derby Day Event

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Catherine Gil, Sam Rosin, Stephanie Wayne and Janine Kipilla represent Compensation Solutions, Paddock sponsor of the annual Derby Day event held at the Indian Hills Country Club, Franklin Lakes on Saturday, May 3, 2014. A great time was had by all.

Longtime Client of Compensation Solutions awarded a Garden State Green Award

Located in Linden, New Jersey, Cox Stationers and Printers, was recently awarded a Garden State Green Award in the small business category for their green initiatives. The awards ceremony took place on March 15, 2014 at Kean University in Union, NJ.

According to their website (www.coxprinters.com), the company has the following list of achievements to add to their green initiatives:

• Partial roof garden (100 square feet)
• Installed a 36 kW solar system on our roof
• Installed ECO-3 efficiency systems on our HVAC units
• Installed two wind turbines on our roof
• All light fixtures are low energy (180 fixtures)
• Recycling of toner cartridges
• Recycling of batteries
• Recycling thousands of pounds of paper
• Contracted with UPS to track carbon usage
• Offer non-petroleum inks
• 99% chemical free

Michael Kaufman, owner at Cox, will be interviewed by Katie Couric in an upcoming show in June. Cox Printers is located at 1634 E. Elizabeth Avenue, Linden, NJ. Contact: 908-928-1010 or www.coxprinters.com.

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The staff of Cox Stationers & Printers along with owner Michael Kaufman holding their prestigious Garden State Green Award

The Garden State Green Awards, also known as the “Boggies”, honor individuals and organizations that have made a significant contribution to the environment.
• Through preservation, reclamation or conservation activities
• Advocacy and pursuit of ‘Green’ lifestyles or business practices
• Support of development of green/sustainable energy or energy conservation.
- Source: www.gardenstategreenfest.com

 

CSI hosting the North Jersey Regional Chamber’s HR Seminar – How to Hire Better

Click on the flyer below for more information and to register.

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Compensation Solutions sponsors Wayne Valley High School’s Peer Leadership Initiative

Compensation Solutions (CSI), one of the tri-state area’s leading Human Resource Outsourcing Organizations (HRO), is pleased to announce its sponsorship of Wayne Valley High School’s Peer Leadership initiative entitled “Hire-A-Leader.”

The Hire- A – Leader program to take place in June, “allow peers to spend the day with other students and staff members at the school, as a way to gain different perspectives on the Wayne Valley experience,” said one of the teachers of Social Studies and a Peer Leader Advisor at the school. “It is a great way to bridge that gap between all walks of life here at our school,” she added.

Most of the proceeds will be donated to a national charity, Pacer Organization (http://www.pacer.org) that focuses its efforts on “effectively responding to instances of bullying within our school,” the advisor noted. The organization pays specific attention to the treatment of students with special needs.

Additionally, some of the proceeds will be donated to the school’s own transition skills program in the Wayne school district, which looks at the whole student and their needs. Transition services are a coordinated set of activities for students with disabilities, the goal being to promote movement from school to post-school activities, education and employment.

About Pacer Organization
The Pacer Center is a parent training and information center for families of children and youth with all disabilities from birth through 21 years old. Located in Minnesota, it serves families across the nation. Parents can find publications, workshops, and other resources to help make decisions about education, vocational training, employment and other services about their children with disabilities. In 2006, the organization founded National Bullying Prevention Center, to actively lead social change, so that bullying is no longer considered an acceptable childhood rite of passage. (Source – www.pacer.org/bullying).

 

Need legal help for your small business?

The BenefitPERx Legal Card from Compensation Solutions has many areas that cover your business and family lifestyles. Most of these services can also be utilized by your spouse and all legal dependents. Take a look below at one of the ways your BenefitPERx Legal Card can assist you.

Did you know?

As a BenefitPERx Legal Card holder, you now have access to attorneys who write letters on your behalf when deemed appropriate. Please visit our blog next week for another “Did You Know?”

For more information please call 800-654-4234 or email us at contactus@csihro.com.

Proposed bill to eliminate maximum deductibles for small employer health plans

On April 1, 2014, Congress passed H.R. 4302, the “Protecting Access to Medicare Act of 2014.” Section 213 of the Act would eliminate the maximum deductible cap that health care reform placed on small employer group health insurance plans.  The bill now goes to President Obama, who is expected to pass and sign the bill this week.

The bill once passed, will eliminate the $2000/$4000 deductible max which were imposed on small groups in 2014.  In addition, the bill will delay a 24% cut in Medicare physician payments for one year.

Employment-Based Orientation Periods Cannot Exceed One Month for Purposes of 90-Day Waiting Period Limit

Proposed Rules Clarify What Constitutes a ‘Reasonable and Bona Fide’ Orientation Period

The Affordable Care Act prohibits group health plans from applying any waiting period that exceeds 90 days in plan years beginning on or after January 1, 2014. A waiting period is the period of time that must pass before coverage for an employee or dependent who is otherwise eligible to enroll under the terms of a group health plan can become effective. For this purpose, being eligible for coverage means having met the plan’s substantive eligibility conditions.

Background Previously issued final rules addressed the relationship between a plan’s eligibility criteria and the 90-day waiting period limitation. Under those rules, a requirement to successfully complete a reasonable and bona fide employment-based orientation period is permissible as a condition for eligibility for coverage under a plan (among other conditions that are not based solely on the lapse of a time period). However, the facts and circumstances under which an employment-based orientation period would not be considered “reasonable and bona fide” were not specified.

Proposed Rules Proposed rules clarify that one month is the maximum allowed length of any reasonable and bona fide employment-based orientation period, and the 90-day waiting period must begin on the first day after such orientation period. During an orientation period, an employer and employee could evaluate whether the employment situation was satisfactory for each party, and standard orientation and training processes would begin.

One month would be determined by adding one calendar month and subtracting one calendar day, measured from an employee’s start date in a position that is otherwise eligible for coverage or, if there is not a corresponding date in the next calendar month, the last day of the next calendar month. (For example, if an employee’s start date is May 3, the last permitted day of the orientation period is June 2; if the employee’s start date is August 31, the last permitted day of the orientation period is September 30.)

Compliance with the proposed rules will constitute compliance with the 90-day waiting period limitation requirement at least through the end of 2014. To the extent final regulations or other guidance are more restrictive than the proposed rules, they will not be effective prior to January 1, 2015, and plans and issuers will be provided with sufficient time to comply.

Stay tuned here for more information about ACA and other news.

Did you know? The Small Business BenefitPERx Card offers many discounted services

The BenefitPERx Legal Card from Compensation Solutions has many areas that cover your business and family lifestyles. Most of these services can also be utilized by your spouse and all legal dependents. Take a look below at one of the ways your BenefitPERx Legal Card can assist you.

Did you know?

With the Small Business Legal Plan you are entitled to eight deeply discounted services, such as $275 for a simple divorce, $750 for filing Chapter 7 bankruptcy, $250 for a real estate closing, to name just a few. Please visit our blog next week for another “Did You Know?”

For more information please call 800-654-4234 or email us at contactus@csihro.com.

CSI supports The Red Oaks School Circle of Friends Gala

The Red Oaks School in Morristown, NJ, hosts an annual event, the Circle of Friends Gala to support the school’s efforts to provide individualized education for children – early childhood age through middle school. Since 1965, Red Oaks has encorporated the early teachings of Dr. Maria Montessori to provide dynamic and progressive styles of teaching as well as promoting social awareness, critical-thinking and creativity throughout the students’ education.

Last year’s event raised more than $150,000 with the support of community businesses, family, friends and collegues of the school.  This year’s Circle of Friends Gala & Auction will provide you with great exposure along with an elegant evening of  live and silent auctions at Birchwood Manor in Whippany on Saturday, April 26, 2014. CSI is a long-time supporter of the school and again has sponsored the event.

For more information about the event or to donate/support the event, visit http://www.redoaksschool.org/giving/circle-of-friends-gala/index.aspx.