EQUINOW HR is a Committed, Equipped and Dedicated
Administrative Service Organization (ASO)
What is an ASO (Administrative Services Organization) Model
An Administrative Services Organization (ASO) model is a type of arrangement often used in self-funded insurance plans where the employer assumes the financial risk for providing health care benefits to its employees. In this model, the employer pays for the actual health care costs, while an external third-party administrator (TPA) or an insurance company is hired to administer the plan. This includes processing claims, providing network management, utilization review, and other administrative functions. This model allows companies to have more control over their health care costs and benefits, but also involves more financial risk compared to fully insured plans.
Why consider an ASO vs. PEO
When comparing an Administrative Services Organization (ASO) model to a Professional Employer Organization (PEO), there are several compelling reasons why a business might choose an ASO model. Firstly, an ASO model offers more flexibility than a PEO. In an ASO arrangement, a company retains full control over its operations and employee benefits, allowing it to tailor its services to its specific needs. This is in contrast to a PEO, where the company essentially co-employs its workers with the PEO, which can limit the company's control over its workforce.
Secondly, an ASO model can be more cost-effective. While a PEO charges a percentage of the total payroll, an ASO typically charges a flat fee per employee, which can result in significant savings, especially for larger companies.
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Thirdly, an ASO model allows a company to maintain its unique culture and identity, as it does not require the company to share its employer responsibilities with a third party. This can be particularly important for companies that have a strong brand identity or a unique company culture that they wish to preserve.
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Lastly, an ASO model can provide a company with access to high-quality administrative services, such as HR and payroll, without the need to maintain a large in-house team. This can free up resources and allow the company to focus on its core business activities.
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However, it's important to note that the best choice between an ASO and a PEO will depend on the specific needs and circumstances of the company.
How does our Administrative Service Organization model work
Welcome to EQUINOW HR, where we offer a unique ASO model that sets us apart by providing comprehensive total rewards support alongside administrative services.
Benefits Administration
EQUINOW HR is committed to managing your benefits administration. We will supervise the initiation, upkeep, and control of benefits for your company's workforce. These benefits may encompass everything from health coverage and pension schemes to holiday allowances, profit distribution, and other significant enhancements to your employee remuneration package. Our offerings involve the formulation of benefits protocols, coordinating with benefits suppliers, guaranteeing compliance with governmental rules, and handling benefits-associated duties such as registration, alterations, and terminations.
Payroll
Administration
EQUINOW HR is equipped to manage all aspects of your payroll administration needs. We will work in close partnership with your payroll company, overseeing all essential alterations and adjustments. Our team is committed to ensuring that all changes to payroll are accurately and swiftly relayed to your payroll provider. We will take care of everything, from regular updates to intricate adjustments, guaranteeing the smooth and efficient operation of your payroll processes. With EQUINOW HR, you can have peace of mind knowing your payroll administration is being handled by competent professionals.
Talent
Solutions
EQUINOW HR is dedicated to elevating your talent solutions and providing comprehensive support for all your human resources needs. Our wide range of services encompasses recruitment, talent acquisition, employee training and development, performance management, and succession planning, among others. As your partner in talent solutions, our goal is to assist you in attracting, developing, and retaining the best talent that fits your unique requirements. We utilize technology, data, and our expertise in the industry to deliver these services effectively.
Total Rewards Support
At EQUINOW HR, we offer a unique ASO model that sets us apart by providing total rewards support in addition to administrative services. By incorporating total rewards management into our services, we provide a comprehensive approach that recognizes the interconnected nature of benefits, talent, and compensation.
The benefits of having total rewards incorporated into an ASO model are numerous. Our team of professionals, who have hands-on experience in HR and Total Rewards, can help organizations effectively manage their benefits, talent management, HRIS, compensation, job evaluation, salary administration, incentive plans, executive programs, performance management, global benefits, and sales compensation. This holistic approach ensures that all aspects of employee rewards are aligned and optimized to drive organizational success.
About Equinow
Equinow is a trusted and dedicated to providing exceptional services to our valued customers. With a strong focus on customer satisfaction, we have built a solid reputation over the years. Our team of experts is committed to delivering the highest level of service and ensuring that every customer's needs are met. We take pride in our Administrative Services Organization (ASO) Partnership value, which allows us to offer tailored solutions to businesses of all sizes. Contact us today to discover how Equinow can help your business thrive.
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